---
title: "2025-056 Financial Adviser for OFTO TR13"
ocid: "ocds-b5fd17-d3a09a14-ff38-4cb4-93ab-50edab6652f0"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-d3a09a14-ff38-4cb4-93ab-50edab6652f0"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-d3a09a14-ff38-4cb4-93ab-50edab6652f0.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-d3a09a14-ff38-4cb4-93ab-50edab6652f0.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "OFGEM"
published: "2025-09-17"
---

# 2025-056 Financial Adviser for OFTO TR13

Buyer: OFGEM  
Current stage: Award  
OCID: ocds-b5fd17-d3a09a14-ff38-4cb4-93ab-50edab6652f0

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## Summary

On 17th September 2025, Ofgem completed the award stage of a significant procurement process seeking a financial adviser for the Offshore Transmission Owner (OFTO) Tender Round 13 (TR13). The process was conducted using an open procurement method, involving a contract valued at approximately £1.83 million. The tender focuses on financial consultancy services within the category of "Financial consultancy, financial transaction processing and clearing-house services" and targets locations across the United Kingdom, Europe, and beyond. The contract period began on 8th September 2025 and will continue until 7th September 2029. The successful bidder, Smith Square Partners LLP, will provide consultancy support essential for Ofgem to conduct a robust and effective tender process.

This procurement process represents a substantial opportunity for businesses specialising in financial consultancy, especially those experienced in advising on large infrastructural projects or within the utility sector. The provision for SMEs indicates openness to accommodating smaller enterprises capable of delivering these vital services. Such projects can enhance business portfolios and provide significant growth potential given the long-term nature and geographic scope of the contract. Firms adept in offering comprehensive consultancy that includes understanding market capacities, funding models, and financial assessments would find this tender particularly well-suited to their capabilities.

## Notice

Ofgem is required to run a tender exercise for all offshore transmission (OFTO) projects that qualify under the OFTO Tender Regulations 20151. The next offshore tender round - Tender Round 13 (TR13) - Ofgem is launching in September 2025. Provision of financial consultancy support services will be crucial to ensuring that a robust tender process takes place for TR13 and without this, Ofgem will be unable to run an effective tender process for this tender round. To facilitate a robust tender evaluation process, Ofgem requires the services of a supplier on various aspects of the tender and transaction process. This will include advice and support to Ofgem on areas such as market capacity, existing funding models and options, key financial parameters to be reflected in the process (e.g. indexation policy), input to the design and content of tender questionnaire criteria and documentation, evaluation of bidder submissions, as well as various aspects of financial assessment required to bring the project to close/appoint an Offshore Electricity Transmission (OFTO).

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/3c9491c8-bab8-4a12-a04b-973be91167c4 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 17 Sep 2025 |
| Submission deadline | 1 Jan 2025 |
| Future notice date | Not specified |
| Award date | 7 Sep 2025 |
| Contract period | 7 Sep 2025 - 7 Sep 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,834,867 |
| Lots value | Not specified |
| Awards value | £1,834,867 |
| Contracts value | Not specified |

## Status

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

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | SMITH SQUARE PARTNERS |

## CPV Codes

### Divisions

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

### Codes

- 66170000 - Financial consultancy, financial transaction processing and clearing-house services
- 66171000 - Financial consultancy services
- 79412000 - Financial management consultancy services

## Release History

- 17 Sep 2025 at 16:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/3c9491c8-bab8-4a12-a04b-973be91167c4

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/3c9491c8-bab8-4a12-a04b-973be91167c4
  17th September 2025 - Awarded contract notice on Contracts Finder
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=SEP170274
  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

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