Find a Tender
complete
Official procurement procedure
Price Review 2024 - Supplementary Support
Financial consultancy services
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Water Services Regulation Authority (Ofwat): "Price Review 2024 - Supplementary Support". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
| Contracting Authority | Water Services Regulation Authority (Ofwat) | Scope & Categories | Not published | Submission Window | complete No deadline published |
|---|---|---|---|---|---|
| Submission Gateway | Direct notice route | Legal Basis & Regime | Standard procurement | Estimated Value (exc. VAT) | Not published |
Bidder Intelligence · Authority Profile: Water Services Regulation Authority (Ofwat)
Market Analytics
Derived from OCDS awards & bid statistics
Published history for Water Services Regulation Authority (Ofwat). These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Competition Density
Not availableNo published reports
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate availablePayment Terms
Check noticePublished terms
Coverage: 1 active published awards; 0 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityWater Services Regulation Authority (Ofwat) | Procedure methodNot published | Procurement categoryNot published |
Statuscomplete | Framework / DPSNot published | CompetitionNot published |
Above thresholdNot published | Legal basisNot published | Tender period startsNot published |
Clarification deadlineNot published | Electronic submissionNot published | Submission languagesNot published |
Published15 Aug 2023, 11:33 BST | Last source update15 Aug 2023, 11:33 BST | Recurring procurementNot published |
ClassificationFinancial consultancy services | ||
Delivery area | ||
OCIDocds-h6vhtk-037809 | ||
What is being bought
This Voluntary Ex-Ante Transparency (VEAT) relates the intention to award of a contract to provide additional capacity to support the delivery of the Price Review (PR24), through the provision of flexible access to high quality resources across a range of technical skillsets within the scope of the following workstreams: Risk and return / cost of capital; Financial modelling; Data governance and modelling coordination; Direct procurement for customers; Costs; Outcomes and Leadership/ Coordination.
The contract shall be awarded under Regulation 32 as Ofwat intends to award this public contract following the negotiated procedure without prior publication of a contract notice. Justification of this intention together with full details of the intended contract are included within sections II.2.4 and IV.1.1 of this notice.
What changed
From the official release history
- Official notice release published
15 Aug 2023, 11:33 BST - Buyer information updated
15 Aug 2023, 11:33 BST - Status changed to complete
14 Apr 2023, 10:03 BST - Official notice release published
14 Apr 2023, 10:03 BST - Official notice release published
28 Nov 2022, 12:59 GMT - tender value changed
24 Oct 2022, 11:32 BST - Status changed to published status
24 Oct 2022, 11:32 BST - Official notice release published
24 Oct 2022, 11:32 BST - Submission deadline changed to published date
24 Oct 2022, 11:32 BST - Published value updated to £10,000,000
21 Oct 2022, 16:05 BST - Status changed to active
21 Oct 2022, 16:05 BST - Official notice release published
21 Oct 2022, 16:05 BST - Submission deadline changed to 6 Jan 2023, 12:00 GMT
21 Oct 2022, 16:05 BST - Buyer information updated
21 Oct 2022, 16:05 BST
Lots and requirements (1)
Published by the contracting authority
- Lot 1 · #1Individual lot title not publishedStatus not publishedPublished valueNot publishedThis is a VEAT notice and relates to Award notice reference 2022/S 000-029817 for the Delivery Partner for Price Review 2024. It is the intention to award a separate contract to two suppliers - Grant Thornton UK LLP and PA Consulting Limited. The contracts will be used on a need only basis to respond to changing requirements throughout the period of the contract, in particular for those projects where the existing Delivery Partner contract for PR24 may be unable to fulfil the requirement. The contract is intended to commence in September 2023 (subject to final agreement) and any required services shall complete by January 2025. The contract shall be capped to a value of GBP 1m ex VAT (GPB 1,200,00 incl VAT) for each supplier.Contract periodNot publishedEligibilityNot publishedOptions / renewalNot published
Timeline
- Procedure published
15 Aug 2023, 11:33 BST - Award active
Not published · Not published - Contract active
Signed 7 Aug 2023, 00:00 BST · £1,200,000
Commercial outcome and competition
Awards Grant Thornton UK LLP, PA Consulting Services Limited Not published · Not published · active |
Contracts Contract £1,200,000 · signed 7 Aug 2023, 00:00 BST · active |
Bid statisticsNo aggregate bid statistics published |
Buyer and organisations in this procedure
Water Services Regulation Authority (Ofwat)
Contracting authority GB-FTS-90225Documents (0)
Official links; attachments are not copied
No linked documents are published
Related procedures (0)
No related procedures published
Planning and rationale
Planning budgetNot published |
No-engagement rationaleNot published |
Procedure rationaleWe placed a Contract Notice via the Find a Tender Service (FTS) in December 2022 for the original services. Following an Open procedure, we received bids from 3 consortia, led by Grant Thornton UK LLP, PricewaterhouseCoopers LLP and PA Consulting Ltd. PricewaterhouseCoopers LLP was awarded the contract as the highest scoring bidder.
Separate to the original contract award, additional capacity is required. This is a matter of strict necessity brought about by the following circumstances, all which were not foreseeable as follows:
- In April 2023 after the tender process concluded, Ofwat secured approval from HMT to increase the size of its budget to enable delivery of additional regulatory work on behalf of customers and the environment. The scale of work required under a number of areas - including PR24 where infrastructure investment will be larger than previous price reviews - has increased as a result.
- The need for Ofwat to have access to a wide range of advisors with the relevant capability and capacity and who are in a position to provide that support to Ofwat independently.
To address this, Ofwat is undergoing a period of growth in its in-house capacity and further procurement to bolster its access to third party support. However, this will not be fully completed in time to for the Price Review process. Business Plans are received in October 2023 and we do not have sufficient time to retender for potential additional capacity to ensure the successful Delivery of PR24, including time for the necessary onboarding.
To ensure successful delivery of PR24 we require flexible access to high quality resources across a range of technical skillsets. Therefore, it is the intention to award a contract to the two unsuccessful lead bidders from the original Open Procedure who also demonstrated access to these resources, along with their ability to deliver and to ensure best quality outcomes. The contracts will be used on a need only basis, in particular for those projects where the existing Delivery Partner contract may be unable to fulfil the requirement and for services of a lower value, up to a capped valued of GBP 1m +VAT for each supplier. It is our intention to adopt the original advantageous terms specified in the original tender process to ensure value for money.
We welcome any questions or comments regarding this VEAT notice during the prescribed period – please contact the Ofwat procurement team at procurement@ofwat.gov.uk |