Official UK procurement notice
Benchmarking Services for OFTO Tender Rounds
Authority: Ofgem (Public body)
What is being bought
Published requirement descriptionThe OFTO team requires a benchmarking advisor to provide support on OFTO transactions and ensure that the most competitive pricing of any financial instrument is achieved at financial close. The supplier will need to demonstrate that a clear and transparent process is followed in arriving at this pricing. The Supplier shall provide expert advice on the hedging process up to and at FC on projects that take place over the life of the contract. These projects are likely to fall within Tender Round 10 (TR10), Tender Round 11 (TR11), Tender Round 12 (TR12) and Tender Round 13 (TR13). Please note that there is an option to extend this work to Tender Round 14 (TR14), however, the scope of this tender round is not yet defined.
- The authority expects to re-tender this requirement around 28 Feb 2030, 23:59 GMT.
CPV: Auditing services · Business and management consultancy services · Financial and insurance services · Financial auditing services · Financial information systems · Financial management consultancy services
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£242,350
- Economic & financial standing
Further information is included within the tender documentation
- Technical & professional ability
Further information is included within the tender documentation
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: 60%
- Commercial: 40%
Published award criteria (2)
- Commercial
- Technical
- Economic & financial standing
Further information is included within the tender documentation
- Technical & professional ability
Further information is included within the tender documentation
- Price carries 40 of 100 points: a 10% discount moves about 4 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
- Unspecified in notice
- Recurring procurement
- Yes · next expected 28 Feb 2030
- First published
- 16 Apr 2025, 10:25 BST
- Last source update
- 28 Jan 2026, 14:44 GMT
- Award evaluation window
- Submission end – 26 Aug 2025
- Authority reference
2025-011- FTS notice number
2025/S 000-038707- Latest notice
- Contract details notice (UK7)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0503b6Find a Tender- Contract terms summary
Invoices must be sent to [email protected] and contain the relevant Con / Spec number (2025-011) and Purchase Order number.
Payment will be made via BACS to the bank details provided by the supplier.
How it was run
Official notice- Submission deadline
- 8 Aug 2025, 12:00 BST
- Clarification deadline
- 30 Jul 2025, 12:00 BST
- Electronic submission
- Allowed
- Accepted languages
- en
Tenders and all associated documents required as part of the tender submission must be submitted BEFORE 12noon on the date of tender closing for a supplier’s offer to be deemed compliant.
Timeline
16 Apr 2025 → 28 Jan 2026 · 10 dates- Planning notice published16 Apr 2025, 10:25 BST
- Next notice expected30 May 2025, 23:59 BST
- Tender notice published9 Jul 2025, 16:05 BST
- Clarification questions by30 Jul 2025, 12:00 BST
- Submission deadline8 Aug 2025, 12:00 BST
- Award decision expected by26 Aug 2025, 23:59 BST
- Contract starts11 Sept 2025, 00:00 BST
- Assessment summaries sent385 days ago2 Oct 2025, 00:00 BST
- Standstill ends371 days ago15 Oct 2025, 23:59 BST
- Latest notice published267 days ago28 Jan 2026, 14:44 GMT
Notice history
9 events · 4 releases on Find a Tender · since 16 Apr 2025- Planned procurement notice published16 Apr 2025, 10:25 BSTUK3
- Tender notice published9 Jul 2025, 16:05 BSTUK4
- Published value published: £242,3509 Jul 2025, 16:05 BST
- Status changed to active9 Jul 2025, 16:05 BST
- Deadline moved to 8 Aug 2025, 12:00 BST9 Jul 2025, 16:05 BST+43 days · was 26 Jun 2025, 12:00 BST
- Contract award notice published6 Oct 2025, 09:39 BSTUK6
- Status changed to complete6 Oct 2025, 09:39 BST
- Contract signature expected19 Oct 2025, 23:59 BSTscheduled
- Contract details notice published28 Jan 2026, 14:44 GMTUK7
Routine re-releases (4)
- 2025-04: 1 release · 16 Apr 2025
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| CHATHAM FINANCIAL EUROPE LTDBenchmarking Advisor Services for OFTO Rounds20 Oct 2025 – 19 Oct 2028 · up to 19 Oct 2029Extensions: The option to extend for up to 1x 12 month period until 19th October 2029 | £240,000 | 2 Oct 2025 | Awarded |
Contracts
2025-011 · CHATHAM FINANCIAL EUROPE LTD
- Signed
- 15 Jan 2026
- Value
- £302,500
- Period
- 19 Jan 2026 – 18 Jan 2029 · up to 18 Jan 2030 with extensions
- Status
- active
- Extensions
- An optional extension for this contract may be exercised by the Ofgem for up to 12-monnths until 18th January 2030 at the discretion of Ofgem
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 2final-stage tenders | 2 | 0 | — |
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- Chatham Financial Europe LimitedAwarded supplier
Official documents & specifications (6)
Official links; attachments are not copiedTender pack and attachments
- Bidding documents and specifications 2025-011 Benchmarking Services for OFTO Tender Rounds ITT Document
- Bidding documents and specificationsThe tender documents will be available from the mytenders website when published.
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
- Planned procurement notice Planned procurement notice on Find a Tender