Scope
Reference
2025-087
Description
Ofgem is looking to procure the necessary financial advisers 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
Total value (estimated)
- £11,250,000 excluding VAT
- £13,500,000 including VAT
Contract dates (estimated)
- 1 April 2026 to 31 March 2030
- 4 years
Main category
Services
CPV classifications
- 66171000 - Financial consultancy services
- 79212100 - Financial auditing services
- 79412000 - Financial management consultancy services
- 79410000 - Business and management consultancy services
- 76500000 - Onshore and offshore services
Contract locations
- UK - United Kingdom
Participation
Particular suitability
- Small and medium-sized enterprises (SME)
- Voluntary, community and social enterprises (VCSE)
Submission
Publication date of tender notice (estimated)
22 January 2026
Procedure
Procedure type
Open procedure
Above or below total value threshold
Above or equal to threshold
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