Scope
Reference
2025-011
Description
The OFTO team requires a benchmarking advisor to provide support on OFTO transactions and ensure that the most competitive pricing of any financial instrument is achieved at financial close. The supplier will need to demonstrate that a clear and transparent process is followed in arriving at this pricing. The Supplier shall provide expert advice on the hedging process up to and at FC on projects that take place over the life of the contract. These projects are likely to fall within Tender Round 10 (TR10), Tender Round 11 (TR11), Tender Round 12 (TR12) and Tender Round 13 (TR13). Please note that there is an option to extend this work to Tender Round 14 (TR14), however, the scope of this tender round is not yet defined.
Contract 1. 2025-011
Supplier
Contract value
- £302,500 excluding VAT
- £363,000 including VAT
Above the relevant threshold
Date signed
15 January 2026
Contract dates
- 19 January 2026 to 18 January 2029
- Possible extension to 18 January 2030
- 4 years
Description of possible extension:
An optional extension for this contract may be exercised by the Ofgem
for up to 12-monnths until 18th January 2030 at the discretion of Ofgem
Main procurement category
Services
CPV classifications
- 79212000 - Auditing services
- 79412000 - Financial management consultancy services
- 79410000 - Business and management consultancy services
- 66000000 - Financial and insurance services
- 48812000 - Financial information systems
Contract locations
- UK - United Kingdom
Other information
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Open procedure
Supplier
Chatham Financial Europe Limited
- Companies House: 04223247
3rd Floor 86 - 90 Paul Street
London
EC2A 4NE
United Kingdom
Email: araoof@cf.com
Region: UKI41 - Hackney and Newham
Small or medium-sized enterprise (SME): Yes
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1. 2025-011
Contracting authority
Ofgem
- Public Procurement Organisation Number: PWXD-5991-LZZP
10 South Colonnade
London
E14 4PU
United Kingdom
Region: UKI42 - Tower Hamlets
Organisation type: Public authority - sub-central government