Awarded contract

2025-087- Financial Advisors to OFTO team for Tender and Policy

Details

Buyer: Office of Gas and Electricity Markets (Ofgem)
Supplier(s): CEPA LLP
Value: £7,916,666
Duration: 4 years
Topic: Financial consultancy, financial transaction processing and clearing-house services
Published: 17 July 2026
Source: uk:find_a_tender

Tender description

Ofgem is looking to procure the necessary financial advisors for the Offshore Transmission Owners (OFTO) team to continue its regulatory duties. Provision of these services will be crucial and without this, Ofgem will be unable to run effective tender processes for the upcoming tender rounds. The successful supplier will be required to provide specialist financial support to review Ofgem's tender process in evaluating bidders. This will include: Providing advice on the Information Memoranda, guidance documents, evaluation methodology documents, and any further documents as required. This may include helping to implement changes to the EPQ process and documentation if required. Undertaking comparative bid evaluation of the technical sections only at the EPQ Stage and the ITT Stage. The appointed financial advisor shall fulfil the role of Lead Evaluator and shall act as a single point of contact for these stages, by coordinating the technical and insurance advisors’ evaluation work and bringing together their respective evaluation reports. Assessing bid submissions against the existing scoring methodologies and evaluation criteria and providing an overview of the robustness and cost effectiveness of technical aspects of each bid submission. ## Contract award Title: 2025-087- Financial Advisors to OFTO team for Tender & Policy

Timeline

Completed: Award published17 July 2026
Current notice
Completed: Award date17 July 2026
Next: Contract expiry date31 July 2030in 4 years

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

66170000 · Financial consultancy, financial transaction processing and clearing-house services
66171000 · Financial consultancy services
71310000 · Consultative engineering and construction services
71621000 · Technical analysis or consultancy services
76500000 · Onshore and offshore services
79212000 · Auditing services
79212100 · Financial auditing services
79412000 · Financial management consultancy services

Decision makers

Connect with the people behind this procurement.

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