--- title: "2025-087- Financial Advisors to OFTO team for Tender and Policy" ocid: "ocds-h6vhtk-05ef74" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05ef74" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-05ef74.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-05ef74.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "OFGEM" published: "2026-05-07" --- # 2025-087- Financial Advisors to OFTO team for Tender and Policy Buyer: OFGEM Current stage: Tender OCID: ocds-h6vhtk-05ef74 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05ef74) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-05ef74.json) ## Summary Ofgem, a sub-central government public authority based in London, UK, is currently in the tender update stage of their procurement process titled "2025-087- Financial Advisors to OFTO team for Tender and Policy". This procurement, under an open procedure, aims to secure specialised financial consultancy services to support the Offshore Transmission Owners (OFTO) team in conducting tender evaluations effectively. The primary procurement categories are onshore and offshore services, financial auditing, consultancy, and management services with a gross contract value of £9.5 million. The tender has a submission deadline on 15th May 2026, with the expectation for contract awards by 26th June 2026, and the service period commencing in August 2026. This tender presents significant opportunities for businesses involved in financial services, particularly those with expertise in consultancy and management within the energy sector. It will suit companies capable of providing high-quality financial advice and fulfilling the role of Lead Evaluator in tender processes. SMEs and VCSEs are encouraged to apply, provided they demonstrate strong financial and technical capacities, as assessed in the Procurement Specific Questionnaire. Businesses not subject to mandatory or discretionary exclusion grounds under the applicable procurement legislation, and able to maintain a good standing, would find this an attractive opportunity to enhance their portfolio and establish a partnership with a prominent UK government authority. ## Notice Ofgem is looking to procure the necessary financial advisers for the Offshore Transmission Owners (OFTO) team to continue its regulatory duties. Provision of these services will be crucial and without this, Ofgem will be unable to run effective tender processes for the upcoming tender rounds. The successful supplier will be required to provide specialist financial support to review Ofgem's tender process in evaluating bidders. This will include: Providing advice on the Information Memoranda, guidance documents, evaluation methodology documents, and any further documents as required. This may include helping to implement changes to the EPQ process and documentation if required. Undertaking comparative bid evaluation of the technical sections only at the EPQ Stage and the ITT Stage. The appointed financial advisor shall fulfil the role of Lead Evaluator and shall act as a single point of contact for these stages, by coordinating the technical and insurance advisors' evaluation work and bringing together their respective evaluation reports. Assessing bid submissions against the existing scoring methodologies and evaluation criteria and providing an overview of the robustness and cost effectiveness of technical aspects of each bid submission. Further details can be found in the attached tender document. Furthermore, Ofgem plans to publish additional OFTO-related procurement opportunities in the near future, specifically covering the appointment of Technical Advisors and Cost Assessment Advisors which will be released under separate contract notices. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/042081-2026 | | Notice type | UK4 - Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Planning, Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 7 May 2026 | | Submission deadline | 15 May 2026 | | Future notice date | 22 Jan 2026 | | Award date | Not specified | | Contract period | 31 Jul 2026 - 31 Jul 2030 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £7,916,666 | | Lots value | £7,916,666 | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Active | | 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 - 66 - Financial and insurance services - 76 - Services related to the oil and gas industry - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 66171000 - Financial consultancy services - 76500000 - Onshore and offshore services - 79212100 - Financial auditing services - 79412000 - Financial management consultancy services ## Release History - 7 May 2026 at 14:40 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/042081-2026 - 1 Apr 2026 at 09:22 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/030164-2026 - 5 Dec 2025 at 11:07 - Planning - UK1 - Pipeline Notice - https://www.find-tender.service.gov.uk/Notice/080053-2025 ## Documents - https://www.find-tender.service.gov.uk/Notice/042081-2026 7th May 2026 - Tender notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/030164-2026 1st April 2026 - Tender notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/080053-2025 5th December 2025 - Pipeline notice on Find a Tender - https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=636199 2025-087- Financial Advisors to OFTO team for Tender& Policy ITT ## Notice URLs - http://www.ofgem.gov.uk - https://www.legislation.gov.uk/ukpga/2023/54/contents - https://www.mytenders.co.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-h6vhtk-05ef74. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-05ef74.json.