--- title: "2025-122- Cost Assessment Advisors to OFTO team for Tender and Policy" ocid: "ocds-h6vhtk-0689c7" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0689c7" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0689c7.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0689c7.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "OFGEM" published: "2026-05-15" --- # 2025-122- Cost Assessment Advisors to OFTO team for Tender and Policy Buyer: OFGEM Current stage: Tender OCID: ocds-h6vhtk-0689c7 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0689c7) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0689c7.json) ## Summary This procurement process is conducted by Ofgem, a sub-central government public authority located at 10 South Colonnade, London. The title of this tender is "2025-122- Cost Assessment Advisors to OFTO team for Tender and Policy", focusing on the industry category of financial consultancy and management services, among others. The procurement is in the 'active' stage, with the tender period ending on 22 May 2026. The main procurement method being used is the open procedure, with a total contract value of £2,000,000 gross. Important procurement dates include an enquiry period ending on 14 May 2026 and a contract period running from 1 August 2026 to 31 July 2030. This tender offers substantial opportunities for businesses operating within the fields of financial consultancy, management consultancy services, financial auditing, and onshore/offshore services. Small and medium-sized enterprises (SMEs) that meet the economic and technical requirements can benefit from this tender. The opportunity is especially relevant for those with experience in regulatory environments and financial assessments, as these are key components of the work required by Ofgem's Offshore Transmission Owners (OFTO) team. Competing for this tender can foster business growth by expanding portfolios and establishing relationships within the government sector. Suppliers are expected to be legally constituted economic operators with demonstrable financial standing and capacity to deliver required services, in line with the Procurement Specific Questionnaire standards. ## Notice Ofgem is looking to procure the necessary Cost Assessment advisors 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. Ofgem are required to run a tender exercise for all offshore transmission projects that qualify under the Tender Regulations 2015. Provision of Cost Assessment consultancy support services will be crucial to ensure that a robust tender process takes place for upcoming tender rounds and without this, Ofgem will be unable to run an effective tender process. To facilitate a robust tender evaluation process, Ofgem requires the services of a supplier on various aspects of the tender and transaction process - evaluation of bidder submissions, and financial assessment required to bring the project to close/appoint an OFTO. Ofgem are required to undertake a cost assessment review of the OFTO assets for those projects that will be the subject of the tender process. This review is fundamental in determining the cost of building the transmission assets to ensure that those costs stated by the developer fairly reflect what will be transferred and that consumers are receive value for money. With this being the case, data submitted by the project developer must be carefully evaluated to ensure that assets are being transferred in the most economic and efficient manner possible. Further details can be found in the ITT documents. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/045059-2026 | | Notice type | UK4 - 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 | 15 May 2026 | | Submission deadline | 22 May 2026 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 31 Jul 2026 - 31 Jul 2030 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £1,666,000 | | Lots value | £1,666,000 | | 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 - 15 May 2026 at 15:24 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/045059-2026 - 23 Apr 2026 at 13:42 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/037148-2026 ## Documents - https://www.find-tender.service.gov.uk/Notice/045059-2026 15th May 2026 - Tender notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/037148-2026 23rd April 2026 - Tender notice on Find a Tender - https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=638489 2025-122- Cost Assessment Advisors to OFTO team for Tender& Policy ITT ## Notice URLs - http://www.ofgem.gov.uk - https://www.legislation.gov.uk/ukpga/2023/54/contents ## 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-0689c7. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0689c7.json.