Open competition
Open procedure: the contract was advertised and any supplier could submit a bid.
Key facts
- Buyer
- Ofgem · Body governed by public law
- Supplier
- Smith Square Partners
- Value
- £870,000
- Procedure
- Open procedure
- Sector
- Financial & insurance services · Financial consultancy, financial transaction processing and clearing-house services (CPV 66170000)
- Region
- London
- Official notice
- View on Contracts Finder
- Timeline
-
- Contract date12 Feb 2025
- Published19 Feb 2025Published 7 days after the contract date
Description
Ofgem is required to run a tender exercise for all offshore transmission projects that qualify under the OFTO Tender Regulations 20151. The next offshore tender round - Tender Round 12 (TR12) - Ofgem is launching in February 2025. Provision of financial consultancy support services will be crucial to ensuring that a robust tender process takes place for TR12 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 p…
About the supplier
Smith Square Partners: every public contract they have won, plus their Companies House record (company OC357682).