2025-122- Cost Assessment Advisors to OFTO team for Tender and Policy
Buyer: Ofgem
- Published
- 24 July 2026
- Estimated value
- £1,666,000
- Place of performance
- UK
- Procedure
- Open procedure
- Lots
- 1
- Notice number
- 070373-2026
- Reference
- ocds-h6vhtk-0689c7
- Official source
- Official source
CPV codes
- 66170000Financial consultancy, financial transaction processing and clearing-house services
- 76500000Onshore and offshore services
- 79412000Financial management consultancy services
- 79212000Auditing services
Description
Ofgem is looking to procure the necessary Cost Assessment advisors for the Offshore Transmission Owners (OFTO) team to continue its regulatory duties. Provision of these services will be crucial and without this, Ofgem will be unable to run effective tender processes for the upcoming tender rounds. Ofgem are required to run a tender exercise for all offshore transmission projects that qualify under the Tender Regulations 2015. Provision of Cost Assessment consultancy support services will be crucial to ensure that a robust tender process takes place for upcoming tender rounds and without this, Ofgem will be unable to run an effective tender process. To facilitate a robust tender evaluation process, Ofgem requires the services of a supplier on various aspects of the tender and transaction process - evaluation of bidder submissions, and financial assessment required to bring the project to close/appoint an OFTO. Ofgem are required to undertake a cost assessment review of the OFTO assets for those projects that will be the subject of the tender process. This review is fundamental in determining the cost of building the transmission assets to ensure that those costs stated by the devel…
Awards
| Awarded to | Amount | Date |
|---|---|---|
| GRANT THORNTON UK ADVISORY & TAX LLP | £1,666,000 | 24 July 2026 |
Official publications
- FTS · 070373-2026 · 24 July 2026
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Frequently asked questions
- What is the estimated value of this tender?
- The estimated value published by the buyer is £1,666,000.
- Who is the buyer of this tender?
- The contracting authority is Ofgem (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
- Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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