Published date: 13 February 2020
Last edited date: 24 February 2020
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
General management consultancy services - 79411000
Location of contract
West Midlands, London
Value of contract
£0 to £180,000
Procurement reference
PROC.01.0623b
Published date
13 February 2020
Closing date
18 November 2018
Contract start date
11 January 2019
Contract end date
10 January 2021
Contract type
Service contract
Procedure type
Call-off from a framework agreement
A mini-competition or direct purchase from a pre-established framework agreement.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
In assuming our role as the regulator, we must be able to react quickly to events outside of our control and triggered by the market. In fulfilling our statutory duties we must ensure the skills and expertise are available to undertake any assessment as it occurs and to mitigate the impact on customers. This call off contract will form part of our risk mitigation and management strategy.
This call off Contract follows a Phase 1 call off Contract previously procured in February 2018 for short term support to deliver specific work in relation to financial resilience of the companies which we regulate.
We now seek to put in place a wider long term arrangement for the provision of specialist advisory services which may result in one of the areas of work set out in the overall objectives and scope sections of this document. We seek to ensure that we have the necessary support in place to allow us to respond to issues which may impact on a company's financial resilience including matters of financial distress and special administration as well as support in other areas where we might have to assess Merger or Acquisition.
The requirement is divided up into 4 workstreams:
Workstream 1: Financial Resilience - Analysis of a company's financial position and any possible interventions that may be required
Workstream 2: Financial Distress - An entity has a known issue and are likely to be close to or in a position of financial distress
Workstream 3: Special Administration - Providing advice to Ofwat where a company is the subject of a Special Administration order
Workstream 4: Other Workstreams - Analysis of complex transactions/infrastructure procurement and delivery and/or assessment of an Interim Determination of K (IDoK), a mid-period price review action to adjust prices for the current price control period.
To assist in our planning, we propose a call off contract with multiple Contractors with a sufficiently wide scope to cover a range of scenarios, who have demonstrated they should be awarded the Contract through the evaluation process. The number will be dependent on the quality of the bids. This is to mitigate against any conflicts of interest and capacity issues.
Contractors are able to bid for one or more workstreams. We are looking to appoint up to 4 Contractors for each workstream, who are best suited to supply services for the particular workstream. However, the final number will be dependent on the quality of the bids which may mean the number of appointed Contractors may be greater or lower than stated. The section on call off of Services outlines the process for activation of the call off.
The Contract term will be for TWO years from Contract commencement date with an option for a ONE year extension. Framework rates are to be fixed for the initial 2 years of the Contract.
Please refer to the ITT for more information.
Award information
Awarded date
5 December 2018
Contract start date
11 January 2019
Contract end date
10 January 2021
Total value of contract
£0
This contract was awarded to 1 supplier.
PA Consulting Services Ltd
Address
10 Bressenden Place
London
SW1E 5DNReference
Companies House number: 00414220
Supplier is SME?
No
Supplier is VCSE?
No
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Closing: 18 November 2018
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