--- title: "Professional Advisory Services to Support OFGEM's OFTO Team" ocid: "ocds-b5fd17-f5932245-1b6f-4614-b7ff-699e536db9aa" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-f5932245-1b6f-4614-b7ff-699e536db9aa" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-f5932245-1b6f-4614-b7ff-699e536db9aa.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-f5932245-1b6f-4614-b7ff-699e536db9aa.json" source: "Contracts Finder" current_stage: "Tender" buyer: "OFGEM" published: "2021-08-26" --- # Professional Advisory Services to Support OFGEM's OFTO Team Buyer: OFGEM Current stage: Tender OCID: ocds-b5fd17-f5932245-1b6f-4614-b7ff-699e536db9aa [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-f5932245-1b6f-4614-b7ff-699e536db9aa) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-f5932245-1b6f-4614-b7ff-699e536db9aa.json) ## Summary Ofgem is seeking professional advisory services to support its Offshore Transmission Operator (OFTO) team through an open tender with the ID MT223767. This procurement process is classified under business and management consultancy services and is located in England. The tender was published on 26 August 2021, with a deadline for submissions set for 27 September 2021. The contract period is expected to commence on 6 December 2021 and will last until 5 December 2025, with a total budget allocation of £640,000. This tender presents a significant opportunity for businesses that specialise in consultancy services related to energy and transmission operations. Companies with expertise in regulatory compliance and policy development, particularly those that are small and medium-sized enterprises (SMEs), should consider participating. By engaging in this procurement, successful bidders can contribute to key decision-making processes and establish solid relationships within the energy sector, positioning themselves for further growth and opportunities in related projects. ## Notice OFTO licences, granted through the competitive process, confer certain rights and responsibilities on OFTOs, including the right to a regulated revenue stream for a defined period in return for provision of transmission services.Through the tender process, interested parties have the opportunity to bid to become an OFTO. The offshore transmission assets that the OFTO takes ownership of are acquired at a transfer value determined by the Authority. Following transfer of ownership, the OFTO owns and manages the transmission assets (including the cables and associated connection equipment) between the offshore point of connection with the generator and the point of connection with the onshore network.Following the transfer of ownership, the OFTO is required to comply with the licence conditions. The revenue stream also includes mechanisms which adjust the OFTO's regulated revenue stream for certain 'pass-through' items. The Income Adjusting Event (IAE) is one such 'pass-through' revenue adjustment mechanism for costs and expenses that have arisen during the revenue term, for example, due to fault or failure of the system (subject to defined pre-requisites), or at the Authority's discretion. The Authority is responsible for the decision-making when such claims are made. Other policy development and enforcement actions may also be required during the revenue stream.This procurement is seeking expert consultancy services to support decision-making and policy development for all such requirements in the regime. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/e4f865d1-95ca-4f68-b468-aee192ab2b1f | | 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 | 26 Aug 2021 | | Submission deadline | 27 Sep 2021 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 6 Dec 2021 - 5 Dec 2025 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £640,000 | | 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 - 79410000 - Business and management consultancy services ## Release History - 26 Aug 2021 at 16:45 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/e4f865d1-95ca-4f68-b468-aee192ab2b1f ## Documents - https://www.contractsfinder.service.gov.uk/Notice/e4f865d1-95ca-4f68-b468-aee192ab2b1f 26th August 2021 - Opportunity notice on Contracts Finder - https://www.mytenders.co.uk/search/show/search_view.aspx?ID=AUG162628 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-f5932245-1b6f-4614-b7ff-699e536db9aa. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-f5932245-1b6f-4614-b7ff-699e536db9aa.json.