Published date: 24 March 2022

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


Closing: 1 January 2022, 12am

Contract summary

Industry

  • Financial consultancy services - 66171000

  • Auditing services - 79212000

  • Financial auditing services - 79212100

Location of contract

Any region

Value of contract

£91,000

Procurement reference

MT225815

Published date

24 March 2022

Closing date

1 January 2022

Closing time

12am

Contract start date

1 April 2022

Contract end date

31 March 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

Financial model audit services are required to provide assurance on the RIIO-2 Electricity Distribution Price Control Financial Model (RIIO-ED2 PCFM). The model acts as the official licence instrument for setting revenues for the Distribution Network Operators (DNOs). The audit is essential for providing external stakeholders with confidence in the model and will be an important mitigant against DNOs' appeals to the Competition and Markets Authority (CMA). As such the audit must be carried out by an external consultant.

More information

Links

Award information

Awarded date

24 March 2022

Contract start date

1 April 2022

Contract end date

31 March 2023

Total value of contract

£91,000

This contract was awarded to 1 supplier.

Gridlines Group Limited

Address

15 Pinfold Lane, , Manchester

Reference

Companies House number: 11085581

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Kay Meehan

Address

10 South Colonnade
Canary Wharf
London
E14 4PU
England

Telephone

+44 2079017000

Email

procurement2@ofgem.gov.uk

Website

http://www.ofgem.gov.uk