Official UK procurement notice
Professional Advisory Services to Support OFGEM’s OFTO Team
Authority: Ofgem (Public body)
What is being bought3 lots · detail below
Published requirement descriptionOFTO 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 transmission assets (including the cables and associated connection equipment) between the offshore point of connection with the generator and the point of connection with the onshore network.
Following the transfer of ownership, the OFTO is required to comply with the licence conditions. The revenue stream also includes mechanisms which adjust the OFTO’s regulated revenue stream for certain ‘pass-through’ items. The Income Adjusting Event (IAE) is one such ‘pass-through’ revenue adjustment mechanism for costs and expenses that have arisen during the revenue term, for example, due to fault or failure of the system (subject to defined pre-requisites), or at the Authority’s discretion. The Authority is responsible for the decision-making when such claims are made. Other policy development and enforcement actions may also be required during the revenue stream.
This procurement is seeking expert consultancy services to support decision-making and policy development for all such requirements in the regime.
CPV: Business analysis consultancy services · Business and management consultancy and related services · Business and management consultancy services · Business development consultancy services · Evaluation consultancy services · Financial and insurance services · Financial consultancy services · Financial consultancy, financial transaction processing and clearing-house services · Financial management consultancy services · General management consultancy services · Insurance agency services · Insurance brokerage and agency services · +6 more
How this framework works
From the published notice- Places
- up to 3 suppliers · 3 bids on the busiest of 2 lots (1.0 per place) · 4 appointed (full)
Lots and requirements (3)Procurement structure
3 lots · all with a published value · same evaluation weights on every lotLot #1Financial AdvisorsAwardedPublished value£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 tender is selected. The Preferred Bidder (PB) will then proceed to the transaction stage where Ofgem will require further support to aid the process to Licence Grant (LG) and Financial Close (FC). Effective transfer of knowledge on each stage of the process along with general advice on lessons learned is also required.
All advisors will work collaboratively in the EPQ (Enhanced Pre-Qualification) and ITT (Invitation to Tender) stages. The financial advisor will be fulfilling the role of Lead Evaluator for both the stages, acting as a single point of contact for the Authority, bringing together all of the evaluation sections/reports into final integrated reports.
Further information can be found in the ITT document
Lot #2Technical AdvisorsAwardedPublished value£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 tender is selected and the Preferred Bidder (PB) will then proceed to the transaction stage where Ofgem may require further support to aid the process to Licence Grant (LG) and Financial Close (FC). Effective transfer of knowledge on each stage of the process along with general advice on lessons learned is also required.
All advisors will work collaboratively in the EPQ (Enhanced Pre-Qualification) and ITT (Invitation to Tender) stages. The financial advisor will be fulfilling the role of Lead Evaluator for both the stages, acting as a single point of contact for the Authority, bringing together all of the evaluation sections/reports into final integrated reports. It is expected that all Advisors supporting specific tender processes will coordinate the production within the timescales communicated by Ofgem. In order to achieve this, the lead evaluator will likely set earlier deadlines by which they require all outputs for them to present integrated reports.
Lot #3Insurance AdvisorsCancelledPublished value£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 tender is selected and the Preferred Bidder (PB) will then proceed to the transaction stage where Ofgem may require further support to aid the process to Licence Grant (LG) and Financial Close (FC).
Effective transfer of knowledge on each stage of the process along with general advice on lessons learned is also required
All advisors will work collaboratively in the Enhanced Pre-Qualification (EPQ) and Invitation to Tender (ITT) stages. The financial advisor will be fulfilling the role of Lead Evaluator for both the stages, acting as a single point of contact for the Authority, bringing together all of the evaluation sections/reports into final integrated reports. It is expected that all Advisors supporting specific tender processes will coordinate the production within the timescales communicated by Ofgem. In order to achieve this, the lead evaluator will likely set earlier deadlines by which they require all outputs for them to present integrated reports.
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: 55%
- price: 45%
Published award criteria (2)
- Technical: 55
- Price: 45
- Technical & professional ability
Please see the lot specific specification documents for further information.
- Staff
- Names and qualifications of delivery staff must be submitted
- Price carries 45 of 100 points: a 10% discount moves about 4.5 points. Quality carries 55 of 100: the paper moves it further than the discount.
- “Professional Advisory Services to Support OFGEM’s OFTO Team” is a framework: the contest is a place on its panel, up to 3 suppliers, not a single contract.
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
- Framework agreement
- Who may use this agreement
- Not stated in the notice; call-off rights may be limited to the establishing authority
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 22 Sept 2021, 15:55 BST
- Last source update
- 14 Jan 2022, 09:54 GMT
- Award evaluation window
- 27 Sept 2021 – …
- Authority reference
2021-071- FTS notice number
2022/S 000-001122- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-02d9f8Find a Tender
- Electronic trading
- e-invoicing allowed · electronic payment
Publisher note: (MT Ref:225020)
How it was run
Official notice- Appointment period ends
- 1 Oct 2021, 12:00 BST
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bids opened
- 27 Sept 2021, 12:00 BST
Timeline
27 Sept 2021 → 25 Jan 2022 · 4 dates- Bids opened27 Sept 2021, 12:00 BST
- Admission / appointment period endsperiod end, not a bid countdown1 Oct 2021, 12:00 BST
- Notice published14 Jan 2022, 09:54 GMT
- Bids must remain valid until25 Jan 2022, 23:59 GMT
Notice history
2 events · 3 releases on Find a Tender · since 22 Sept 2021- Deadline moved to 1 Oct 2021, 12:00 BST22 Sept 2021, 15:55 BST+4 days · was 27 Sept 2021, 12:00 BST
- Status changed to complete14 Jan 2022, 09:54 GMT
Published amendments (1 · 1 deadline change)
| When | What | Before | After | Shift |
|---|---|---|---|---|
| — | DeadlineTime limit · IV.2.2 | 27 Sept 2021 | 1 Oct 2021 | +4 d |
| — | Bid openingConditions for opening of tenders · IV.2.7 | 27 Sept 2021 | 1 Oct 2021 | +4 d |
A delay in Clarification Answer to be submited to the interested bidders currently being reviewed my multiple stakeholders
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast2 suppliers are admitted to this framework without individual award values or dates, see the supplier list below.
Contracts
Technical Advisors
- Signed
- 11 Jan 2022
- Value
- £1,800,000
- Status
- active
Financial Advisors
- Signed
- 10 Jan 2022
- Value
- £6,520,000
- Status
- active
Bid statistics published by the authority
| Lot | Bids | SME | VCSE | Valid bid range |
|---|---|---|---|---|
| 1 · Financial Advisors | 3bids · 3 electronic · 3 from abroad | 1 | — | — |
| 2 · Technical Advisors | 2bids · 2 electronic · 2 from abroad | 1 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Public Procurement Review ServiceReview body
Framework contractors & participating bidders
4 commercial parties on the notice- BDO LLPFramework contractor
- Grant Thornton UK LLPFramework contractor
- Smith Square PartnersFramework contractor
- Vinci EnergiesFramework contractor
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria