Scope
Reference
2025-011
Description
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.
Total value (estimated)
- £242,350 excluding VAT
- £290,808 including VAT
Above the relevant threshold
Contract dates (estimated)
- 11 September 2025 to 10 September 2028
- Possible extension to 10 September 2029
- 4 years
Description of possible extension:
The option to extend for up to 1 x 12 month periods until 10th September 2029
Main procurement category
Services
CPV classifications
- 79212100 - Financial auditing services
- 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
Participation
Legal and financial capacity conditions of participation
Further information is included within the tender documentation
Technical ability conditions of participation
Further information is included within the tender documentation
Particular suitability
Small and medium-sized enterprises (SME)
Submission
Enquiry deadline
30 July 2025, 12:00pm
Tender submission deadline
8 August 2025, 12:00pm
Submission address and any special instructions
Tenders and all associated documents required as part of the tender submission must be submitted BEFORE 12noon on the date of tender closing for a supplier's offer to be deemed compliant.
Tenders may be submitted electronically
Yes
Languages that may be used for submission
English
Award decision date (estimated)
26 August 2025
Recurring procurement
Publication date of next tender notice (estimated): 28 February 2030
Award criteria
| Name | Type | Weighting |
|---|---|---|
| Technical | Quality | 60.00% |
| Commercial | Price | 40.00% |
Other information
Payment terms
Invoices must be sent to invoices@ofgem.gov.uk and contain the relevant Con / Spec number (2025-011) and Purchase Order number.
Payment will be made via BACS to the bank details provided by the supplier.
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Open procedure
Documents
Associated tender documents
https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=605729
2025-011 Benchmarking Services for OFTO Tender Rounds ITT Document
Contracting authority
Ofgem
- Public Procurement Organisation Number: PWXD-5991-LZZP
10 South Colonnade
London
E14 4PU
United Kingdom
Contact name: Alfie Ellis
Telephone: +44 2079013089
Email: procurement2@ofgem.gov.uk
Website: http://www.ofgem.gov.uk
Region: UKI42 - Tower Hamlets
Organisation type: Public authority - sub-central government