Published date: 2 June 2017
Last edited date: 2 June 2017
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Internal audit services - 79212200
Business and management consultancy services - 79410000
Location of contract
West Midlands, London
Value of contract
£0 to £40,000
Procurement reference
PROC.01.0551
Published date
2 June 2017
Closing date
17 February 2017
Contract start date
28 February 2017
Contract end date
31 March 2017
Contract type
Service contract
Procedure type
Other:
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
The objective of the work is ensure the W2020 Senior Responsible Officer and other stakeholders will have independent assurance that the developing PR19 financial model is fit for purpose. This will help create trust and confidence in the PR19 financial model, and allow stakeholders such as water companies to have greater assurance in the results generates.
The scope of the work is to:
• Advise Ofwat on the appropriateness of the overall model build. In particular, provide advice on whether:
o The migration of the PR14 financial model to FAST has been performed appropriately
o The simplification of the model from nine live phases to one live phase has been performed appropriately
• Advise Ofwat whether the second phase of the model development has been implemented appropriately. In particular, provide advice on whether:
o the methodology used in the model fits with Ofwat's policy requirements
o the formulae in the model have been implemented correctly
o the model meets 'usability' best practice
• Provide advice on the model structure and design. Does it comply with the FAST modelling standard?
• Provide advice on how to correct issues found with the model and to ensure it complies with best practice
• Provide advice on the quality of model documentation and make recommendations to ensure it complies with best practice
It should be noted that the contractor will not be expected to implement any of the changes or recommendation that are identified.
Award information
Awarded date
23 February 2017
Contract start date
28 February 2017
Contract end date
31 March 2017
Total value of contract
£40,000
This contract was awarded to 1 supplier.
KPMG LLP
Address
15 Canada Square
Canary Wharf
London
E14 5GLReference
None
Supplier is SME?
No
Supplier is VCSE?
No
About the buyer
Address
Centre City Tower
7 Hill Street
Birmingham
B5 4UA
England
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Closing: 17 February 2017
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