---
title: "Review of Regulatory Financial Model"
ocid: "ocds-r6ebe6-0000814855"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000814855"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000814855.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000814855.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "WATER INDUSTRY COMMISSION FOR SCOTLAND"
published: "2026-01-05"
---

# Review of Regulatory Financial Model

Buyer: WATER INDUSTRY COMMISSION FOR SCOTLAND  
Current stage: Award  
OCID: ocds-r6ebe6-0000814855

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000814855)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-r6ebe6-0000814855.json)

## Summary

See notice for full details.

## Notice

WICS requires a review of the financial model that will be used to set charge caps for the 2027-33 regulatory period. The main output of the project will be an assurance report produced by the supplier.

### Lot Information

Lot 1

The financial model will be used to forecast Scottish Water's revenue and expenditure to enable WICS to calculate the allowed charges for Scottish Water. This financial model will provide the charge caps set out in WICS' draft and final determinations for SRC27. The financial model will also be used for monitoring throughout the 2027-33 regulatory period. We require assurance on the financial model to enable us to analyse the Business Plan and begin the drafting of our draft determination. The main output of the project will be an assurance report produced by the supplier. At the time of our draft and final Determinations, WICS plans to publish the financial model alongside the assurance report produced by the supplier. More specific objectives are included in the procurement documents.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN546429 |
| 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 | 5 Jan 2026 |
| Submission deadline | 28 Nov 2025 |
| Future notice date | Not specified |
| Award date | 22 Dec 2025 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £33,333 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £29,167 |

## 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 | FTI CONSULTING |

## CPV Codes

### Divisions

- 72 - IT services: consulting, software development, Internet and support
- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 72221000 - Business analysis consultancy services
- 79200000 - Accounting, auditing and fiscal services
- 79210000 - Accounting and auditing services
- 79212000 - Auditing services
- 79212100 - Financial auditing services
- 79412000 - Financial management consultancy services

## Release History

- 5 Jan 2026 at 00:00 - Award - PCS Notice - Website Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN546429
- 7 Nov 2025 at 00:00 - Tender - PCS Notice - Website Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV543023

## Documents

- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV543023&idx=2
  25th November 2025 - Appendix C - Terms and Conditions
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV543023&idx=4
  25th November 2025 - Appendix C - Terms and Conditions
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV543023&idx=1
  7th November 2025 - ITT Financial Model Review
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV543023&idx=3
  7th November 2025 - Financial model
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV543023
  Review of Regulatory Financial Model - WICS requires a review of the financial model that will be used to set charge caps for the 2027-33 regulatory period. The main output of the project will be an assurance report produced by the supplier.
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN546429
  Review of Regulatory Financial Model - WICS requires a review of the financial model that will be used to set charge caps for the 2027-33 regulatory period. The main output of the project will be an assurance report produced by the supplier.

## Notice URLs

- http://
- http://www.publiccontractsscotland.gov.uk
- http://www.wics.scot
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000814855

## 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-r6ebe6-0000814855. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000814855.json.