Official UK procurement notice
2025-087 Financial Advisors to OFTO Team for Tender & Policy
Authority: Ofgem (Public body)
What is being bought
Published requirement descriptionOfgem is looking to procure the necessary financial advisors for the Offshore Transmission Owners (OFTO) team to continue its regulatory duties. Provision of these services will be crucial and without this, Ofgem will be unable to run effective tender processes for the upcoming tender rounds.
The successful supplier will be required to provide specialist financial support to review Ofgem's tender process in evaluating bidders.
This will include:
Providing advice on the Information Memoranda, guidance documents, evaluation methodology documents, and any further documents as required. This may include helping to implement changes to the EPQ process and documentation if required.
Undertaking comparative bid evaluation of the technical sections only at the EPQ Stage and the ITT Stage. The appointed financial advisor shall fulfil the role of Lead Evaluator and shall act as a single point of contact for these stages, by coordinating the technical and insurance advisors’ evaluation work and bringing together their respective evaluation reports.
Assessing bid submissions against the existing scoring methodologies and evaluation criteria and providing an overview of the robustness and cost effectiveness of technical aspects of each bid submission.
CPV: Financial auditing services · Financial consultancy services · Financial management consultancy services · Onshore and offshore services
The lotProcurement structure
single lot · value publishedLot #1AwardedPublished value£7,916,666
- Economic & financial standing
Participation is open to economic operators that are legally constituted and able to enter into a legally binding contract with Ofgem. Suppliers must not be subject to any mandatory or discretionary exclusion grounds under applicable procurement legislation. Legal standing will be assessed via the Procurement Specific Questionnaire. Suppliers must demonstrate appropriate financial standing and economic capacity to deliver the services. Financial standing will be assessed as part of the Procurement Specific Questionnaire and may include financial and credit checks undertaken by Ofgem.
- Technical & professional ability
Further details can be found in the attached tender document
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (2)
- Technical: 65%
- Commercial: 35%
Published award criteria (2)
- Technical: Assessment of the quality of the tender response in accordance with the evaluation methodology set out in the tender documentation.
- Commercial: Assessment of price in accordance with the commercial evaluation methodology set out in the tender documentation.
- Economic & financial standing
Participation is open to economic operators that are legally constituted and able to enter into a legally binding contract with Ofgem. Suppliers must not be subject to any mandatory or discretionary exclusion grounds under applicable procurement legislation. Legal standing will be assessed via the Procurement Specific Questionnaire. Suppliers must demonstrate appropriate financial standing and economic capacity to deliver the services. Financial standing will be assessed as part of the Procurement Specific Questionnaire and may include financial and credit checks undertaken by Ofgem.
- Technical & professional ability
Further details can be found in the attached tender document
- Price carries 35 of 100 points: a 10% discount moves about 3.5 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Unspecified in notice
- First published
- 5 Dec 2025, 11:07 GMT
- Last source update
- 12 Oct 2026, 14:45 BST
- Award evaluation window
- Submission end – 26 Jun 2026
- Authority reference
2025-087- FTS notice number
2026/S 000-030164- Latest notice
- Contract details notice (UK7)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-05ef74Find a Tender- Contract terms summary
Payment will be made in accordance with the Contract Terms and Conditions, Charges shall be based on the agreed daily rates submitted by the supplier at tender stage and applied in line with the requirements of the relevant call‑off.
Payment will be subject to the satisfactory delivery of services and submission of valid invoices in accordance with the contract terms.
- Risks
Key risks to the successful delivery of the contract include:
Availability and retention of suitably skilled and experienced resources over the contract period;
Conflicts of interest arising from suppliers' wider market activities and relationships with Transmission Owners or their supply chains;
How it was run
Official notice- Submission deadline
- 15 May 2026, 12:00 BST
- Clarification deadline
- 30 Apr 2026, 12:00 BST
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
- Accepted languages
- en
Timeline
5 Dec 2025 → 12 Oct 2026 · 10 dates- Planning notice published315 days ago5 Dec 2025, 11:07 GMT
- Next notice expected266 days ago22 Jan 2026, 23:59 GMT
- Tender notice published198 days ago1 Apr 2026, 10:22 BST
- Clarification questions by169 days ago30 Apr 2026, 12:00 BST
- Submission deadline154 days ago15 May 2026, 12:00 BST
- Award decision expected by111 days ago26 Jun 2026, 23:59 BST
- Assessment summaries sent91 days ago17 Jul 2026, 00:00 BST
- Standstill ends79 days ago28 Jul 2026, 23:59 BST
- Contract starts76 days ago1 Aug 2026, 00:00 BST
- Latest notice published4 days ago12 Oct 2026, 14:45 BST
Notice history
11 events · 5 releases on Find a Tender · since 5 Dec 2025- Pipeline notice published5 Dec 2025, 11:07 GMTUK1
- Tender notice published1 Apr 2026, 10:22 BSTUK4
- Published value updated to £7,916,6661 Apr 2026, 10:22 BSTwas £11,250,000
- Status changed to active1 Apr 2026, 10:22 BST
- Deadline published: 12 May 2026, 12:00 BST1 Apr 2026, 10:22 BST
- Tender notice published7 May 2026, 15:40 BSTUK4
- Deadline moved to 15 May 2026, 12:00 BST7 May 2026, 15:40 BST+3 days · was 12 May 2026, 12:00 BST
- Contract award notice published17 Jul 2026, 15:37 BSTUK6
- Status changed to complete17 Jul 2026, 15:37 BST
- Contract signature expected29 Jul 2026, 23:59 BSTscheduled
- Contract details notice published12 Oct 2026, 14:45 BSTUK7
Routine re-releases (5)
- 2026-04: 1 release · 1 Apr 2026
- 2025-12: 1 release · 5 Dec 2025
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| CEPA LLPSME1 Aug 2026 – 31 Jul 2030 | £7,916,666 | 17 Jul 2026 | Awarded |
Contracts
2025-087 Financial Advisors to OFTO Team for Tender & Policy · CEPA LLPSME
- Signed
- 16 Sept 2026
- Value
- £7,916,667
- Period
- 16 Sept 2026 – 9 Sept 2030
- Status
- active
No agreed KPIs: This contract establishes a call-off arrangement for the provision of specialist financial advisory services on an as-required basis and does not commit Ofgem to any minimum volume of work. The nature, scope, duration and deliverables of individual work packages are not known in advance and will vary depending on business requirements arising during the contract term. As a result, Ofgem considers that performance could not appropriately be assessed through a single set of contract-level KPIs applicable across all potential assignments. Where specific work packages are commissioned under the contract, proportionate performance measures and KPIs will be established and monitored on a case-by-case basis to reflect the requirements and deliverables of the individual assignment.
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 3final-stage tenders | 1 | 0 | — |
Who bid
- wonCEPA LLPSME · Greater London
- did not winGRANT THORNTON UK ADVISORY& TAX LLP · Greater London
- did not winPricewaterhouseCoopers LLP · Greater London
Bidders as named on the Procurement Act 2023 award notice. “Won” means the bidder holds an award on this notice.
Contracting authority & participating public bodies
Bidders & participating suppliers
3 commercial parties on the notice · 1 awarded- CEPA LLPAwarded supplier
- GRANT THORNTON UK ADVISORY& TAX LLPBidder / tenderer
- PricewaterhouseCoopers LLPBidder / tenderer
Official documents & specifications (7)
Official links; attachments are not copiedTender pack and attachments
- Bidding documents and specifications 2025-087- Financial Advisors to OFTO team for Tender& Policy ITT
- Bidding documents and specifications 2025-087- Financial Advisors to OFTO team for Tender& Policy ITT
Notices published for this procedure
- Contract details notice Contract details notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Tender notice Tender notice on Find a Tender
- Tender notice Tender notice on Find a Tender
- Pipeline notice Pipeline notice on Find a Tender