2025-056 Financial Adviser for OFTO TR13

A Contract Award Notice
by OFGEM

Source
Contracts Finder
Type
Contract (Services)
Duration
4 year
Value
£2M
Sector
BUSINESS
Published
17 Sep 2025
Delivery
08 Sep 2025 to 07 Sep 2029
Deadline
01 Jan 2025 00:00

Concepts

Location

Geochart for 1 buyers and 1 suppliers

1 buyer

1 supplier

Description

Ofgem is required to run a tender exercise for all offshore transmission (OFTO) projects that qualify under the OFTO Tender Regulations 20151. The next offshore tender round - Tender Round 13 (TR13) - Ofgem is launching in September 2025. Provision of financial consultancy support services will be crucial to ensuring that a robust tender process takes place for TR13 and without this, Ofgem will be unable to run an effective tender process for this tender round. To facilitate a robust tender evaluation process, Ofgem requires the services of a supplier on various aspects of the tender and transaction process. This will include advice and support to Ofgem on areas such as market capacity, existing funding models and options, key financial parameters to be reflected in the process (e.g. indexation policy), input to the design and content of tender questionnaire criteria and documentation, evaluation of bidder submissions, as well as various aspects of financial assessment required to bring the project to close/appoint an Offshore Electricity Transmission (OFTO).

Award Detail

1 Smith Square Partners (London)
  • Value: £1,834,867

CPV Codes

  • 66170000 - Financial consultancy, financial transaction processing and clearing-house services
  • 66171000 - Financial consultancy services
  • 79412000 - Financial management consultancy services

Indicators

  • Contract is suitable for SMEs.

Other Information

NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided https://www.mytenders.co.uk/search/show/search_view.aspx?ID=SEP170274

Reference

Domains