Published date: 18 January 2024

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


Closing: 1 January 2024, 12am

Contract summary

Industry

  • Financial management consultancy services - 79412000

Location of contract

Any region

Value of contract

£215,500

Procurement reference

MT231147

Published date

18 January 2024

Closing date

1 January 2024

Closing time

12am

Contract start date

18 January 2024

Contract end date

17 January 2026

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

The processes for bidding for OFTOs does not always meet the targeted dates in the timetable set out in the ITT.
The objective of this process efficiency review is to stand back and examine the processes that have built up in the ITT phase to assess whether there are changes that can be made that are within Ofgem's control which will help drive efficiencies in the ITT bidding process and shorten the length of the subsequent Preferred Bidder to Financial Close stage. Consideration should also be given as to whether an incentive mechanism would be beneficial to drive behaviour further.
This is to be structured as 3 workstreams which will run broadly in parallel. The first module will review Ofgem's cost assessment process; the second module, opportunities for greater standardisation of the Sale and Purchase Agreement (SPA); and the third module will develop a cash incentive mechanism that takes account of the findings from the two other modules.

More information

Links

Award information

Awarded date

17 January 2024

Contract start date

18 January 2024

Contract end date

17 January 2026

Total value of contract

£215,500

This contract was awarded to 1 supplier.

Smith Square Partners Llp

Address

Byron House, 7-9 St James's Street, London

Reference

Companies House number: OC357682

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