---
title: "Independent Monitor - Thames Water"
ocid: "ocds-h6vhtk-06d965"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06d965"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06d965.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06d965.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "WATER SERVICES REGULATION AUTHORITY (OFWAT)"
published: "2026-07-31"
---

# Independent Monitor - Thames Water

Buyer: WATER SERVICES REGULATION AUTHORITY (OFWAT)  
Current stage: Tender  
OCID: ocds-h6vhtk-06d965

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## Summary

The Water Services Regulation Authority (Ofwat) is currently in the tender stage of a procurement process to appoint an Independent Monitor (IM) for Thames Water's turnaround programme. This process, taking place in the services industry category, is under the guidance of Ofwat, situated at Centre City Tower, Birmingham. The IM's role will involve independent monitoring, analysis, and reporting on Thames Water's financial resilience and compliance with regulatory commitments. The tender, identified as PROC.0298, is conducted through an open competitive flexible procedure, and the deadline for submission is set for 7th September 2026. This contract, valued at £13,000,000, offers the opportunity for the contract to commence on 5th November 2026, with an anticipated end date of 31st July 2030, extendable by one year under certain conditions.

This tender represents a substantial business opportunity, particularly within the business services sector. It is ideally suited for firms with robust experience in consultancy, regulation, and financial advisory services, particularly those adept at handling large-scale monitoring and reporting tasks. Suitable candidates are expected to possess a strong economic and financial standing, as well as the proper legal capacity to perform the contract. Both Small and Medium-sized Enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to participate, promising growth prospects and the potential for establishing long-term relationships with central government authorities such as Ofwat. The procurement approach calls for flexibility and adaptability, ensuring that the IM can respond effectively to dynamic regulatory and financial environments.

## Notice

Ofwat is procuring an Independent Monitor (IM) to provide independent monitoring, analysis and reporting in relation to Thames Water's turnaround programme, financial resilience and compliance with undertakings accepted by Ofwat following a breach of licence condition P26. The IM will support Ofwat's Turnaround Oversight Regime by monitoring and assessing Thames Water's progress in delivering its turnaround plan and complying with regulatory commitments. The IM will provide independent oversight of governance, operational performance, financial resilience, transformation activities and delivery confidence, and identify and report material risks, issues and emerging concerns to Ofwat. The IM will undertake monitoring and reporting services across a broad range of functions, including operational performance, financial resilience, governance, transformation programmes, regulatory submissions, capital delivery and asset management. The IM will report regularly to Ofwat and provide independent evidence and analysis to support regulatory oversight and decision-making. The role is expected to operate in a dynamic and evolving environment. The nature, scope and intensity of the IM's activities may increase or decrease during the contract term to reflect Thames Water's progress, risk profile, recapitalisation activities, regulatory developments and wider turnaround programme. The contract has therefore been designed to support a scalable and proportionate monitoring approach. The IM will be appointed by Ofwat, will act independently of Thames Water, and will provide recommendations and advice to Ofwat only. The costs of the independent monitor will be met by the Company, and will not impact on customer bills.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/072941-2026 |
| Notice type | UK4 - Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Competitive flexible procedure |
| Tender suitability | SME, VCSE |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 31 Jul 2026 |
| Submission deadline | 7 Sep 2026 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 5 Nov 2026 - 31 Jul 2030 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £13,000,000 |
| Lots value | £13,000,000 |
| 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 | WATER SERVICES REGULATION AUTHORITY (OFWAT) |
| 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 | TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLI London, TLJ South East (England), TLK South West (England), TLL Wales |

## CPV Codes

### Divisions

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

### Codes

- 79000000 - Business services: law, marketing, consulting, recruitment, printing and security

## Release History

- 31 Jul 2026 at 18:24 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/072941-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/072941-2026
  31st July 2026 - Tender notice on Find a Tender
- https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=649540
  PROC.0298 - Appendix A - Terms and Conditions
- https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=649548
  PROC.0298 - Invitation to Tender - Independent Monitor - Thames Water

## Notice URLs

- http://www.ofwat.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-06d965. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06d965.json.