Published date: 17 April 2023

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


Closing: 24 February 2023, 12pm

Contract summary

Industry

  • Financial consultancy services - 66171000

Location of contract

Any region

Value of contract

£411,912.26

Procurement reference

MT229198

Published date

17 April 2023

Closing date

24 February 2023

Closing time

12pm

Contract start date

17 April 2023

Contract end date

31 October 2023

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

This procurement is to is to appoint a tenderer to support the Future Interconnection team within the Networks division. Support is required to develop and undertake a cost-benefit analysis (CBA) on new interconnectors and Multi-Purpose Interconnectors (MPIs) that have applied to Ofgem's Third cap and floor application Window and the MPI pilot scheme respectively. The CBA forms part of the Initial Project Assessment (IPA) to inform whether projects are granted a cap and floor regime in principle. The CBA will assess the needs case of proposed projects, taking into account their socioeconomic value, wider network and environmental impacts, and against the existing interconnector landscape. The needs case assessment ensures that projects are in consumers' interests, and along with a wider assessment of deliverability and maturity, the assessment will enable Ofgem to make informed decisions on whether projects should be awarded a cap and floor regulatory regime in principle. The successful tenderer will be expected to deliver modelling based on a pre-defined methodology developed by Arup and published by Ofgem in 2022, assessing the impacts of proposed interconnector projects, and the interactions between them and the wider energy system. The successful tenderer will then be expected to produce a publishable

More information

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Award information

Awarded date

17 April 2023

Contract start date

17 April 2023

Contract end date

31 October 2023

Total value of contract

£411,912.26

This contract was awarded to 1 supplier.

Ove Arup & Partners Ltd

Address

8 Fitzroy Street, London

Reference

Companies House number: 01312453

Value of contract

£411,912.26

About the buyer

Contact name

Rebecca Green

Address

10 South Colonnade, Canary Wharf
London
E14 4PU
England

Telephone

+44 2079017000

Email

procurement2@ofgem.gov.uk

Website

http://www.ofgem.gov.uk