---
title: "Management and Allocation of Voluntary Redress Payments"
ocid: "ocds-b5fd17-c7dfe74c-0ad9-4e65-84cf-aa4615142ba7"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-c7dfe74c-0ad9-4e65-84cf-aa4615142ba7"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-c7dfe74c-0ad9-4e65-84cf-aa4615142ba7.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-c7dfe74c-0ad9-4e65-84cf-aa4615142ba7.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "OFGEM"
published: "2021-09-21"
---

# Management and Allocation of Voluntary Redress Payments

Buyer: OFGEM  
Current stage: Tender  
OCID: ocds-b5fd17-c7dfe74c-0ad9-4e65-84cf-aa4615142ba7

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## Summary

The procurement process initiated by Ofgem is for the contract titled "Management and Allocation of Voluntary Redress Payments," which falls under the financial management consultancy services category. The tender was published on 21st September 2021, and the tender period is set to close on 26th October 2021. The contract duration is from 22nd February 2022 to 21st February 2024, and participation is available to businesses located in British Overseas Territories, the Channel Islands, Europe, the Isle of Man, and the United Kingdom. The procurement method is open, following the open procedure.

This tender presents a significant opportunity for small and medium-sized enterprises (SMEs) specialized in financial management consultancy services. Suitable businesses that could compete effectively include those with proven expertise in managing financial allocations and grant distribution. Engaging in this contract could facilitate growth for SMEs looking to expand their service offerings or enhance their market presence within the public sector.

## Notice

This tender is for an expert Service Provider to provide efficient financial management of voluntary redress monies, including receiving the funds, ring-fencing them, and awarding grants to suitable recipients.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/455cc8f2-7099-4320-ac46-c237cb394002 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 21 Sep 2021 |
| Submission deadline | 26 Oct 2021 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 22 Feb 2022 - 21 Feb 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Active |
| Lots status | Not specified |
| Awards status | Not specified |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | OFGEM |
| Locality | LONDON |
| Post town | East London |
| Postcode | E14 4PU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Canary Wharf |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | Not specified |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79412000 - Financial management consultancy services

## Release History

- 21 Sep 2021 at 16:45 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/455cc8f2-7099-4320-ac46-c237cb394002

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/455cc8f2-7099-4320-ac46-c237cb394002
  21st September 2021 - Opportunity notice on Contracts Finder
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=SEP162753
  NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided.

## Notice URLs

- http://www.ofgem.gov.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-c7dfe74c-0ad9-4e65-84cf-aa4615142ba7. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-c7dfe74c-0ad9-4e65-84cf-aa4615142ba7.json.