---
title: "Provision of Regulatory Reporting Advice"
ocid: "ocds-r6ebe6-0000760448"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000760448"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000760448.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000760448.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "WATER INDUSTRY COMMISSION FOR SCOTLAND"
published: "2024-07-01"
---

# Provision of Regulatory Reporting Advice

Buyer: WATER INDUSTRY COMMISSION FOR SCOTLAND  
Current stage: Award  
OCID: ocds-r6ebe6-0000760448

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## Summary

The Water Industry Commission for Scotland has completed the procurement process for the provision of Regulatory Reporting Advice. This tender involved the development of Business Plan guidance, templates, and data collection definitions for Scottish Water. The procurement method used was an open procedure for services within the economic regulation industry category. The buying organization, based in Stirling, Scotland, issued the tender with key dates set, culminating in the contract award. The awarded contracts with a total value of £40,000 were signed on 27th June 2024.

This tender presents opportunities for businesses in the services sector, especially those experienced in regulatory reporting and data management for water utilities. Companies with expertise in engineering, asset management, and financial consultancy would be well-suited to compete. The tender catered to a hybrid working model, offering growth prospects for businesses capable of providing remote and face-to-face services. Overall, this procurement process aimed to enhance regulatory compliance and financial reporting efficiency for Scottish Water under the oversight of the Water Industry Commission for Scotland.

## Notice

Development of Business Plan guidance, templates and definitions for collection of data from Scottish Water

### Lot Information

Engineering and asset management

Development of guidance, data templates and accompanying definitions in several areas, including, but not limited to: (i) levels of service performance, covering customer service, water quality compliance and environmental compliance; (ii) business influences and base assumptions such as forecasts for inflation, growth in billed properties and customer volumes and interest costs; (iii) operating expenditure; (iv) the current asset inventory, focusing on the distribution of assets in each asset category by age profile; (v) asset replacement interventions, with reference to the asset inventory, providing an approach for measuring asset health consistently across the full asset base (e.g. using the age profile of the assets in each category as a proxy) to measure the impact of proposed replacement interventions using the age profile of the assets in each category as a proxy for targeting proposed replacement interventions; and (vi) enhancement and growth investment, removing the element of investment that relates to the replacement of any existing assets and setting out the outputs to be delivered from each proposed project, when those outputs will be delivered and at what cost. The contractor will need to assist WICS with developing the definition for enhancement and growth investment, versus asset replacement investment, which would then feed into the definitions for the updated regulatory accounting rules.

Regulatory accounting and transfer pricing rules

1. Test WICS and Scottish Water's thinking on key areas including on the definition of core and non-core activities, reflecting lessons from other regulated sectors and regulatory best practice. 2. Codify this thinking in refreshed regulatory accounting rules covering the regulatory financial statements that Scottish Water prepares for WICS (previous regulatory accounting rules can be found through the links in the table above). The refresh is expected to cover areas such as: - the definition of core and non-core activities; - the policies that determine whether items of expenditure are treated as operating or capital expenditure (i.e. capitalisation policies); - the definition of the different categories of capital expenditure, including asset replacement, enhancement and growth; and - recording all potential liabilities being stored up for future generations of customers, including any difference between the how much Scottish Water should be spending to replace assets each year on average (based on asset values and expected asset lives) and what it actually spends to replace assets in that year. 3. Review of the rules in place to underpin intra-company transactions or transactions with associate entities, including requirements for market testing and full cost recovery. 4. Updates to the Excel data templates for the regulatory accounts that Scottish Water reports to WICS each year.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL508702 |
| Notice type | PCS Notice - Website Contract Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 1 Jul 2024 |
| Submission deadline | 29 Apr 2024 |
| Future notice date | Not specified |
| Award date | 27 Jun 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £79,167 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £40,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Not specified |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | WATER INDUSTRY COMMISSION FOR SCOTLAND |
| Locality | STIRLING |
| Post town | Falkirk and Stirling |
| Postcode | FK8 1QZ |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM0 Eastern Scotland |
| ITL 3 | TLM02 Perth and Kinross, and Stirling |
| Local authority | Stirling |
| Electoral ward | Stirling North |
| Westminster constituency | Stirling and Strathallan |
| Delivery location | TLM77 Perth and Kinross, and Stirling |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | WATER RESEARCH CENTRE |

## CPV Codes

### Divisions

- 71 - Architectural, construction, engineering and inspection services
- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 71310000 - Consultative engineering and construction services
- 79200000 - Accounting, auditing and fiscal services
- 79400000 - Business and management consultancy and related services

## Release History

- 1 Jul 2024 at 00:00 - Award - PCS Notice - Website Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL508702
- 25 Mar 2024 at 00:00 - Tender - PCS Notice - Website Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR501648

## Documents

- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=MAR501648&idx=1
  25th March 2024 - ITT Regulatory Reporting
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=MAR501648&idx=2
  25th March 2024 - WICS' standard terms and conditions
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR501648
  Provision of Regulatory Reporting Advice - Development of Business Plan guidance, templates and definitions for collection of data from Scottish Water
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL508702
  Provision of Regulatory Reporting Advice - Development of Business Plan guidance, templates and definitions for collection of data from Scottish Water

## Notice URLs

- http://
- http://www.publiccontractsscotland.gov.uk
- http://www.watercommission.co.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000760448

## 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-r6ebe6-0000760448. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000760448.json.