Published date: 11 March 2020

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


Closing: 5 February 2020

Contract summary

Industry

  • General management consultancy services - 79411000

Location of contract

West Midlands, London

Value of contract

£36,350

Procurement reference

PROC.01.0653 (B)

Published date

11 March 2020

Closing date

5 February 2020

Contract start date

17 February 2020

Contract end date

31 March 2020

Contract type

Service contract

Procedure type

Other: Negotiated Procedure Without Prior Publication Below OJEU

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

Work requirement (B) - Ring Fence Protections

We want to continue to ensure that our tools and approach maintain the high levels of protection currently enjoyed by the Appointee and its customers. We are constantly looking for ways to refine and improve our approach, and the Supplier will be supporting us in this process, for example considering a more targeted approach to companies who may be facing deterioration in their financial position to ensure early intervention. 

This will include looking at how Ofwat might build on the work already underway to facilitate a broader, deeper reflection of a company's financial resilience. This would include how we could meet our intention to rely less on single triggers and ratings agencies, to a more rounded and holistic approach to assessing financial resilience. We want to make sure our monitoring and actions are focused in the right areas, and consequently whether our tool (including the licence) could be developed further.

We expect the Supplier to work closely with the Ofwat team to deliver this work. We are not seeking a long form written report, however we would like the Supplier to provide detailed input into the development of the policy in this area and to provide challenge to and be challenged by the Ofwat team in respect of alternative approaches that we might take.

More information

Additional text

For Further Information;please contact procurement@ofwat.gov.uk

Award information

Awarded date

14 February 2020

Contract start date

17 February 2020

Contract end date

31 March 2020

Total value of contract

£36,350

This contract was awarded to 1 supplier.

BDO LLP

Address

55 Baker Street
London
W1U 7EU

Reference

Companies House number: OC305127

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

Birmingham
Birmingham
B54UA
England

Email

mailbox@ofwat.gov.uk