Published date: 18 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
£29,760
Procurement reference
PROC.01.0638
Published date
18 February 2020
Closing date
13 August 2019
Contract start date
12 September 2019
Contract end date
23 December 2019
Contract type
Service contract
Procedure type
Open procedure (below threshold)
Any interested supplier may submit a tender in response to an opportunity notice.
This procedure can be used for procurements below the relevant contract value threshold.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
The overall objectives of the project are, in the event a retailer makes a disorderly exit, to:
Gather options for protecting customers' monies;
Assess whether there is, or could be, a mechanism to provide recourse for retailers to recover the (reasonable) costs of honouring credit balances when taking over the supply of affected customers;
Recommend the most effective option(s) for protecting customers' monies and mitigating the exposure of the incoming retailer, including an assessment of any legal or regulatory changes that may need to be made to the existing framework, as appropriate.
External elements
Benchmarking/ comparative analysis
Review and setting out what other regulators (including, but not limited to Water Industry Commission for Scotland, Ofgem, the FCA and the CAA) do to protect customer's money and provide recourse for retailers to recover (reasonable) costs of honouring credit balances, and by reference to your experience of similar organisations, set out what mechanisms exist that are used to protect customers' money. In doing so, highlight pros and cons across the different schemes.
Ofwat to provide some information about the last interim supply event
Setting out the costs, risks and feasibility for incoming retailers to take on customer credit balances and exploring mechanisms which might allow those retailers to claim this money back.
Information gathered above
Evaluation and Options proposal - From your own knowledge, advise on any options to:
External Elements
a) Secure customers' money, including but not limited to, instances where they have made pre-payments, deposits, etc.
b) Introduce mechanisms for incoming retailers to be able to claim money back where they have taken on/ honoured credit balances from an outgoing retailer.
Award information
Awarded date
10 September 2019
Contract start date
12 September 2019
Contract end date
23 December 2019
Total value of contract
£29,760
This contract was awarded to 1 supplier.
Shepherd and Wedderburn LLP
Address
1 Exchange Cresent
Conference Square
Edinburgh and Lothians
EH3 8ULReference
Companies House number: SO300895
Supplier is SME?
No
Supplier is VCSE?
No
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Closing: 13 August 2019
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