Published date: 18 September 2024

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 1 January 2024, 12am

Contract summary

Industry

  • Software package and information systems - 48000000

  • Networking, Internet and intranet software package - 48200000

  • License management software package - 48218000

    • Internet and intranet software package - 48220000

    • Financial analysis and accounting software package - 48440000

    • Financial analysis software package - 48441000

    • Analytical, scientific, mathematical or forecasting software package - 48460000

    • Business intelligence software package - 48482000

    • Financial analysis software development services - 72212441

Location of contract

Any region

Value of contract

£46,347.60 to £149,552.40

Procurement reference

MT232783

Published date

18 September 2024

Closing date

1 January 2024

Closing time

12am

Contract start date

10 September 2024

Contract end date

7 September 2027

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

Ofgem requires two rating agencies provide independent analysis of the credit worthiness of the companies that Ofgem regulate. The licences include the requirement to maintain an investment grade rating from one of these agencies and this requirement forms a cornerstone of delivering a financial resilient sector for the benefit of consumers.
Access to the credit rating agencies will enable Ofgem to:
- Access independent analysis on the credit worthiness of companies Ofgem regulate principally the regulated networks. This facilitates Ofgem's management and monitoring of financial resilience which is central to the consumer interest.
- Conduct monitoring to ensure that licensees meet and are likely to continue to meet licence obligations.
- Provide insight into investor perceptions of risk in the areas Ofgem regulate and monitor wider trends in credit risk perception and investor confidence in other analogous sectors.
- Use credit opinions and other information provided by the agencies to help conduct Ofgem's regulatory duties (finance ability assessments) and enhance the regulatory regime.
- To be able to speak to analysts on their reports and view of the credit profile of clients
- Provide access to wider market data helpful for Ofgem's monitoring
- Download financial data for presentation in Ofgem internal analysis

More information

Links

Award information

Awarded date

10 September 2024

Contract start date

10 September 2024

Contract end date

7 September 2027

Total value of contract

£79,912.80

This contract was awarded to 2 suppliers.

Moody's Analytics

Address

One Canada Square, , London

Reference

Companies House number: 03743494

S&P Global

Address

4th Floor Ropemaker Place, 25 Ropemaker Street, London

Reference

Companies House number: 04185146

About the buyer

Contact name

Lynsey Gordon

Address

10 South Colonnade
Canary Wharf
London
E14 4PU
England

Telephone

+44 2079017000

Email

procurement2@ofgem.gov.uk

Website

http://www.ofgem.gov.uk