Official UK procurement notice
T148 – Risk Management Advisory Services
Authority: Northern Ireland Water (Public body)
What is being bought
Published requirement descriptionThe provision of Risk Management Advisory Services including the ongoing development of the Client’s energy risk management policy and strategy, and provision of advisory services in respect of energy price hedging through the use of commodity financial derivatives and indices.
- The authority expects to re-tender this requirement around 2 May 2033, 23:59 BST.
- How the procedure runs: The Competitive Flexible Procedure is described in the T148 tender documents which are available on eTendersNI.
CPV: Energy and related services · Energy-efficiency consultancy services · Energy-management services · Financial and insurance services · Treasury services
The lotProcurement structure
single lot · value publishedWhat 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 award criteria (2)
- Quality
- Price
- 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
- Competitive flexible procedure
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Utilities
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Yes · next expected 2 May 2033
- First published
- 30 Mar 2026, 16:15 BST
- Last source update
- 18 Sept 2026, 10:49 BST
- Award evaluation window
- Submission end – 4 Sept 2026
- Authority reference
T148- FTS notice number
2026/S 000-062399- Latest notice
- Contract details notice (UK7)
- Classification (CPV)
- Delivery area
- Not published
- Official registry OCID
ocds-h6vhtk-067832Find a Tender
- How it runs
The Competitive Flexible Procedure is described in the T148 tender documents which are
available on eTendersNI.
How it was run
Official notice- Requests to participate (first stage)
- 31 Jul 2026, 12:00 BST
- Submission deadline
- 31 Jul 2026, 12:00 BST
- Clarification deadline
- 24 Jul 2026, 12:00 BST
- Electronic submission
- Allowed
- Accepted languages
- en
Timeline
30 Mar 2026 → 1 Oct 2026 · 10 dates- Planning notice published200 days ago30 Mar 2026, 16:15 BST
- Market engagement160 days ago8 May 2026, 23:59 BST
NI Water is preparing to go out to market to appoint an external support for Hedging Advisory Services. Prior to publishing the tender, we would like to invite interested parties to meet with us during the first week of May 2026.
The purpose of these meetings is to outline the upcoming tender process and gather valuable market insights that may help shape the final requirements.
If you are interested in meeting with NI Water, please contact us at:
[email protected] – FAO Neil Elliott
- Tender notice published106 days ago2 Jul 2026, 15:33 BST
- Clarification questions by84 days ago24 Jul 2026, 12:00 BST
- Submission deadline77 days ago31 Jul 2026, 12:00 BST
- Award decision expected by41 days ago4 Sept 2026, 23:59 BST
- Assessment summaries sent39 days ago7 Sept 2026, 00:00 BST
- Standstill ends29 days ago16 Sept 2026, 23:59 BST
- Latest notice published28 days ago18 Sept 2026, 10:49 BST
- Contract starts15 days ago1 Oct 2026, 00:00 BST
Notice history
9 events · 4 releases on Find a Tender · since 30 Mar 2026- Preliminary market engagement notice published30 Mar 2026, 16:15 BSTUK2
- Tender notice published2 Jul 2026, 15:33 BSTUK4
- Published value published: £950,0002 Jul 2026, 15:33 BST
- Status changed to active2 Jul 2026, 15:33 BST
- Procurement method changed2 Jul 2026, 15:33 BST
- Contract award notice published7 Sept 2026, 17:35 BSTUK6
- Status changed to complete7 Sept 2026, 17:35 BST
- Contract signature expected17 Sept 2026, 23:59 BSTscheduled
- Contract details notice published18 Sept 2026, 10:49 BSTUK7
Routine re-releases (4)
- 2026-03: 1 release · 30 Mar 2026
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Centrus Financial Advisors LtdRisk Management Advisory Services1 Oct 2026 – 30 Sept 2028 · up to 30 Sept 2033Extensions: Five (5) 1-year optional extension periods. · Options: The Client reserves the right to purchase the following additional Services under this Contract during the Contract Period. Refer to Specification for further details | £980,000 | 7 Sept 2026 | Awarded |
Contracts
Risk Management Advisory Services · Centrus Financial Advisors Ltd
- Signed
- 18 Sept 2026
- Value
- £1,254,000 inc. VAT
- Period
- 1 Oct 2026 – 30 Sept 2028 · up to 30 Sept 2033 with extensions
- Status
- active
- Extensions
- Five (5) 1-year optional extension periods.
- Options
- The right to additional purchases while the contract is valid. The Client reserves the right to purchase the following additional Services under this Contract during the Contract Period. Refer to Specification for further details
2 agreed KPIs: Response Time · Billing
- Response Time
- Billing
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 2final-stage tenders · 4 at stage one | 0 | 0 | — |
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- Centrus Financial Advisors LimitedAwarded supplier
Official documents & specifications (4)
Official links; attachments are not copiedNotices 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
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender