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Published 21 Sept 2021, 16:44 BST

Official UK procurement notice

Management and Allocation of Voluntary Redress Payments

Official notice

Authority: Ofgem (Public body)

ServicesOpen procedureSME suitable
Sectors: Financial and insurance services (66)IT Services & Software (72)Business Services & Consultancy (79) Delivery: UK
Published estimate£2,000,000exc. VAT
Submissions closed 26 Oct 2021awarded 4 Apr 2022
Awarded to Energy Saving Trust Enterprises Limited

What is being bought

Published requirement description

This award is for an expert Service Provider to provide efficient financial management of voluntary redress monies, including receiving the funds, ring-fencing them, and awarding grants to suitable recipients.

CPV: Financial consultancy services · Financial consultancy, financial transaction processing and clearing-house services · Financial management consultancy services · Financial market operational services · Financial market regulatory services · Financial markets administration services · Financial transaction processing and clearing-house services · Project management consultancy services

The lotProcurement structure

single lot · no lot value published
Lot #1An award to an expert with experience in allocating funds to charitable organisations…AwardedRenewal

An award to an expert with experience in allocating funds to charitable organisations and with knowledge of the needs of energy consumers across Great Britain, to allocate voluntary redress payments (the “Service Provider”) to support Ofgem in meeting its objective of protecting the interests of existing and future energy consumers.

Delivery: UK
Extensions: A further 24 months extension is available at The Authorities discretion. And then a further 24 month extension is available for The Authority to procure Run off ServicesVariant bids: not allowed
66150000 Financial markets administration services66151000 Financial market operational services66152000 Financial market regulatory services66170000 Financial consultancy, financial transaction processing and clearing-house services66171000 Financial consultancy services66172000 Financial transaction processing and clearing-house services

What it takes to win
i

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 more
How bids were scored
Quality: 70%Price: 30%
Published sub-criteria (2)
  • Technical: 70%
  • price: 30%
Published award criteria (2)
  • Technical: 70
  • Price: 30
What this means for your bid
  • Price carries 30 of 100 points: a 10% discount moves about 3 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 · publisher note attached
Procedure method
Open procedure
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Services
Notice status
Awarded
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Yes (GPA)
Recurring procurement
No (one-off requirement)
First published
21 Sept 2021, 16:44 BST
Last source update
19 Apr 2022, 16:36 BST
Award evaluation window
26 Oct 2021 – …
FTS notice number
2022/S 000-010230
Classification (CPV)
Financial consultancy servicesFinancial consultancy, financial transaction processing and clearing-house servicesFinancial management consultancy servicesFinancial market operational servicesFinancial market regulatory servicesFinancial markets administration servicesFinancial transaction processing and clearing-house servicesProject management consultancy services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-02e33c Find a Tender

Publisher note: (MT Ref:226039)

How it was run

Official notice
Run through: mytenders · Who buys & how to bid on myTenders
Supplier login requiredLanguage: EN
Access & registration note: Free publication showcase; bidding happens on buyer portals
Submission deadline
26 Oct 2021, 12:00 BST
Submission channel
{"electronicSubmission"}
Accepted languages
en
Bid validity
90 days from the deadline
Bids opened
26 Oct 2021, 12:00 BST
Detailed submission instructions & authority contactsFrom official release

www.mytenders.co.uk ↗

Timeline

26 Oct 2021 → 19 Apr 2022 · 3 dates
  1. Submission deadline
    26 Oct 2021, 12:00 BST
  2. Bids opened
    26 Oct 2021, 12:00 BST
  3. Notice published
    19 Apr 2022, 16:36 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    19 Apr 2022, 16:36 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £2,000,0001 contract exc. VAT
Bids received 11 from SMEs
Contracts signed 1latest 4 Apr 2022
Awarded toValueDateStatus
Energy Saving Trust Enterprises Limited£2,000,000 †—Awarded

Contracts

Bid statistics published by the authority

BidsSMEVCSEValid bid range
1bids · 1 electronic · 1 from abroad1——

Contracting authority & participating public bodies

Ofgem

Contracting authorityPublic bodyBody governed by public lawGeneral public services 10 South Colonnade, Canary Wharf, London, London, E14 4PUContact email, phone Published organisation website ↗

Dispute resolution & review bodies

  • Public Procurement Review ServiceReview body LondonContact email, phone

Bidders & participating suppliers

1 commercial party on the notice

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria
  • Technical selection criteriatenderTechnical selection criteria