Published date: 14 January 2022

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


Closing: 1 October 2021, 12pm

Contract summary

Industry

  • Business and management consultancy services - 79410000

Location of contract

Any region

Value of contract

£9,000,000

Procurement reference

MT225020

Published date

14 January 2022

Closing date

1 October 2021

Closing time

12pm

Contract start date

6 January 2022

Contract end date

5 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

OFTO licences, granted through the competitive process, confer certain rights and responsibilities on OFTOs, including the right to a regulated revenue stream for a defined period in return for provision of transmission services.Through the tender process, interested parties have the opportunity to bid to become an OFTO. The offshore transmission assets that the OFTO takes ownership of are acquired at a transfer value determined by the Authority. Following transfer of ownership, the OFTO owns and manages the transmission assets (including the cables and associated connection equipment) between the offshore point of connection with the generator and the point of connection with the onshore network.Following the transfer of ownership, the OFTO is required to comply with the licence conditions. The revenue stream also includes mechanisms which adjust the OFTO's regulated revenue stream for certain 'pass-through' items. The Income Adjusting Event (IAE) is one such 'pass-through' revenue adjustment mechanism for costs and expenses that have arisen during the revenue term, for example, due to fault or failure of the system (subject to defined pre-requisites), or at the Authority's discretion. The Authority is responsible for the decision-making when such claims are made. Other policy development and enforcement actions may also be required during the revenue stream.This procurement is seeking expert consultancy services to support decision-making and policy development for all such requirements in the regime.

More information

Links

Award information

Awarded date

11 January 2022

Contract start date

6 January 2022

Contract end date

5 January 2026

Total value of contract

£9,000,000

This contract was awarded to 4 suppliers.

Smith Square Partners

Address

Westminster Tower, 3 Albert Embankment, London

Reference

Companies House number: OC357682

Value of contract

£6,520,000

Supplier is SME?

No

Supplier is VCSE?

No

Vinci Energies

Address

Leycroft Rd,, Leicester

Reference

Companies House number: 0651564

Value of contract

£1,800,000

Supplier is SME?

No

Supplier is VCSE?

No

Grant Thornton UK LLP

Address

30 Finsbury Square, London

Reference

Companies House number: OC307742

Supplier is SME?

No

Supplier is VCSE?

No

BDO LLP

Address

55 Baker Street, London

Reference

Companies House number: OC305127

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

10 South Colonnade, Canary Wharf
London
E14 4PU
England

Telephone

+44 2079017000

Email

procurement2@ofgem.gov.uk

Website

http://www.ofgem.gov.uk