Financial Adviser for Offshore Transmission Tender Round 11 (TR11)
Details
- Supplier(s)
- SMITH SQUARE PARTNERS LLP
- Value
- £473,700
- Duration
- 3 years
- Topic
- Financial consultancy, financial transaction processing and clearing-house services
- Published
- 12 February 2024
- Source
- uk:contracts_finder
Tender description
Ofgem is required to run a tender exercise for all offshore transmission projects that qualify under the Tender Regulations 2015. The next offshore tender round - Tender Round 11 (TR11) - Ofgem is launching in early-February 2024. Provision of financial consultancy support services will be crucial to ensuring that a robust tender process takes place for TR11 and without this, Ofgem will be unable to run an effective tender process for this tender round. To facilitate a robust tender evaluation process, Ofgem requires the services of a supplier on various aspects of the tender and transaction process. This will include advice and support to Ofgem on areas such as market capacity, existing funding models and options, key financial parameters to be reflected in the process (e.g. indexation policy), input to the design and content of tender questionnaire criteria and documentation, evaluation of bidder submissions, as well as various aspects of financial assessment required to bring the project to close/appoint an OFTO.
Timeline
- Completed: Award date8 February 2024
- Completed: Award published12 February 2024Current notice
- Next: Contract expiry date7 February 2027in 3 months
About the buyer
Office of Gas and Electricity Markets (Ofgem) is Britain's energy regulator, a non-ministerial government department. Most goods and services are bought through Crown Commercial Service frameworks, chiefly its Energy and Economic Services and Advice agreement. Lots span gas and electricity engineering, distributed energy resources, and economic and financial advice.
Ofgem then runs a further competition or awards work directly to a supplier on the relevant lot.
Over the past 5 years, most of Ofgem's contract awards have been in business services, software and information systems, and IT services.
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@office-of-gas-and-electricity-markets-ofgem.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@office-of-gas-and-electricity-markets-ofgem.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@office-of-gas-and-electricity-markets-ofgem.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@office-of-gas-and-electricity-markets-ofgem.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@office-of-gas-and-electricity-markets-ofgem.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@office-of-gas-and-electricity-markets-ofgem.gov |
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