---
title: "Call Off Interim Financial Specialist Support"
ocid: "ocds-b5fd17-e6425c2b-3ee0-4f2e-bebd-36a5fbddac27"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e6425c2b-3ee0-4f2e-bebd-36a5fbddac27"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e6425c2b-3ee0-4f2e-bebd-36a5fbddac27.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-e6425c2b-3ee0-4f2e-bebd-36a5fbddac27.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WATER SERVICES REGULATION AUTHORITY"
published: "2018-08-20"
---

# Call Off Interim Financial Specialist Support

Buyer: WATER SERVICES REGULATION AUTHORITY  
Current stage: Award  
OCID: ocds-b5fd17-e6425c2b-3ee0-4f2e-bebd-36a5fbddac27

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## Summary

The WATER SERVICES REGULATION AUTHORITY is initiating a procurement for "Call Off Interim Financial Specialist Support" within the financial management consultancy services sector. This tender is currently in the Award stage, with the awarded contract beginning on 31st July 2018 and concluding on 8th August 2019. The total value of the contract is £41,000, and the procurement method used was selective, specifically as a call-off from an existing framework agreement. The primary work will address enhancing financial resilience through various consultancy services across locations in Birmingham and London.

This procurement presents significant opportunities for firms specialising in financial consultancy, particularly those adept in financial management, regulatory frameworks, and operational resilience strategies in the water sector. Businesses that provide expert analysis and can implement regulatory improvements will find this tender well-suited. Small and medium enterprises (SMEs) in the consultancy industry that possess the necessary skills and experience are encouraged to consider participating in future phases of work called off under this contract.

## Notice

Scope of work There are some areas of work that we have identified that we require to be delivered in phase one of this contract. There may then be further work required following phase one. We will then be able to call on this resource when required through the call off contract. First discrete piece of work (Phase one) We are looking at ways in which we can use the existing water company licences and our wider policy approach to support financial resilience. We have undertaken a review of the existing company licences to identify areas where they can be strengthened. Under phase one we require one or two Key Personnel to input into the ongoing work in relation to the way in which the ring fence operates and how we can make it more effective. We are seeking support across this work package and as an indication some of the areas that we may wish the Key Personnel to contribute to include but are not limited to: * Operation of the financial ring fence and the existing consents framework. * Quality, consistency and content of ring fence certificates provided by companies. * Use of credit ratings and cash lock up mechanisms and impact of changing trigger levels on other factors such as cost of capital/company financing. * Impact of existing securitisation arrangements on the resilience of companies. * Impact of group loan arrangements on the resilience of companies. * Use of existing covenants within company borrowing arrangements to support resilience. * Other issues relating to the ownership, funding and performance of companies. * Any suggestions the Key Personnel may have in addition to the above list. We anticipate there will be an initial 20 days of work to contribute to the above. This will be negotiated before the work commences, based on the exact scope of work and the experience and skills of the Key Personnel. Further phases We anticipate that there will be occasions during the rest of the financial year where we will need further specialist financial support. We will call off on the contract as needed after the first discrete piece of work to the end of July 2019. There may be the possibility of an option to extend the contract but the duration is subject to internal approval. The Customer will notify the Contractor once internal approval has been obtained or otherwise. The Customer will provide the Contractor 7 Working Days' written notice or other time period as agreed by the Parties, before each call off. Additional information: For further information, please contact: procurement@ofwat.gsi.gov.uk

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/52d73f9d-bfab-4e6d-85f8-284fc422ca24 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 20 Aug 2018 |
| Submission deadline | 18 Jul 2018 |
| Future notice date | Not specified |
| Award date | 26 Jul 2018 |
| Contract period | 30 Jul 2018 - 8 Aug 2019 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £41,000 |
| Lots value | Not specified |
| Awards value | £41,000 |
| 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 | WATER SERVICES REGULATION AUTHORITY |
| Locality | BIRMINGHAM |
| Post town | Birmingham |
| Postcode | B5 4UA |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG31 Birmingham |
| Local authority | Birmingham |
| Electoral ward | Ladywood |
| Westminster constituency | Birmingham Ladywood |
| Delivery location | TLG West Midlands (England), TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | DELOITTE |

## CPV Codes

### Divisions

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

### Codes

- 79412000 - Financial management consultancy services

## Release History

- 20 Aug 2018 at 14:03 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/52d73f9d-bfab-4e6d-85f8-284fc422ca24

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/52d73f9d-bfab-4e6d-85f8-284fc422ca24
  20th August 2018 - Awarded contract notice on Contracts Finder

## Provenance

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