Professional Advisory Services to Support OFGEM’s OFTO Team
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 trans...
Buyer
Ofgem
Value
£9,000,000
Published
14 Jan 2022
Closes
27 Sept 2021
Procurement details
Source
Find a Tender
Region
Tower Hamlets
Procurement method
Open
Category
Services
Contract starts
Not provided
Contract ends
Not provided
CPV classifications
79410000
Business and management consultancy services
66171000
Financial consultancy services
66170000
Financial consultancy, financial transaction processing and clearing-house services
72224000
Project management consultancy services
72221000
Business analysis consultancy services
79400000
Business and management consultancy and related services
79411000
General management consultancy services
79412000
Financial management consultancy services
Lots
Lot 1 Financial Advisors
£6,520,000
The primary responsibility of the financial advisors, is to assist Ofgem in running an efficient tender and transaction process. This will include preparatory work in advance of the Tender Rounds and evaluating bid submissions in coordination with other appointed technical and insurance advisors. This is to ensure that the most economically advantageous tend...
Delivery: United Kingdom
Lot 3 Insurance Advisors
£640,000
The primary responsibility of the Insurance advisors, is to assist Ofgem in running an efficient tender and transaction process. This will include preparatory work in advance of the Tender Rounds and evaluating bid submissions in coordination with other appointed technical and financial advisors. This is to ensure that the most economically advantageous tend...
Delivery: United Kingdom
Lot 2 Technical Advisors
£1,800,000
The primary responsibility of the technical advisors, is to assist Ofgem in running an efficient tender and transaction process. This will include preparatory work in advance of the Tender Rounds and evaluating bid submissions in coordination with other appointed financial and insurance advisors. This is to ensure that the most economically advantageous tend...
Delivery: United Kingdom
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