Awarded contract

2022-137 Financial Adviser for Offshore Transmission Tender round 10 (TR10)

Details

Value
£1,349,880
Duration
4 years
Topic
Technical analysis or consultancy services
Published
5 October 2022

Tender description

Ofgem requires financial advice for delivery of the tender and transaction processes for TR10, particularly in relation to financial and commercial input on bid evaluation, as well as supporting the transaction process once a preferred bidder has been appointed.

Timeline

  1. Completed: Award published5 October 2022
    Current notice
  2. Completed: Award date5 October 2022
  3. Next: Contract expiry date4 October 2026in 1 week

About the buyer

Office of Gas and Electricity Markets (Ofgem) is Britain's energy regulator, a non-ministerial government department. Tenders appear on Ofgem's own tendering portal, alongside Contracts Finder and the Find a Tender Service. Most goods and services are bought through Crown Commercial Service frameworks, chiefly its Energy and Economic Services and Advice agreement. Ofgem then runs a further competition or awards work directly to a supplier on the relevant lot. Lots span gas and electricity engineering, distributed energy resources, and economic and financial advice. Smaller businesses are encouraged to bid, with technical ability weighed alongside value for money.

Procurement spend from central entities makes up 66% of overall UK public spend.

Over the past 5 years, most of Ofgem's contract awards have been in business services, software and information systems, and IT services.

Relevant CPV codes

  • 71621000 · Technical analysis or consultancy services
  • 73110000 · Research services
  • 79411000 · General management consultancy services

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Decision makers

Connect with the people behind this procurement.

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