Financial Adviser for Offshore Transmission TR12
Reference ocds-b5fd17-be9764db-0eb6-4550-9df0-d9f7b25adf71 · Ofgem
Awarded to Smith Square Partners for £870,000.
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Amounts and figures
Description
Ofgem is required to run a tender exercise for all offshore transmission projects that qualify under the OFTO Tender Regulations 20151. The next offshore tender round - Tender Round 12 (TR12) - Ofgem is launching in February 2025. Provision of financial consultancy support services will be crucial to ensuring that a robust tender process takes place for TR12 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). Ofgem is required to undertake a cost assessment review of the OFTO assets for those projects that will be the subject of the tend…
Awards
| Awarded to | Amount | Date |
|---|---|---|
| Smith Square Partners | £870,000 | 12 February 2025 |
Official publications
| Medium | Reference | Date |
|---|---|---|
| FTS | f346e465-dfee-4f3a-92f8-a083daf65951-828276 | 19 February 2025 |
| Contracts Finder | f346e465-dfee-4f3a-92f8-a083daf65951-828276 | 19 February 2025 |
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Frequently asked questions
- What is the deadline to bid for this tender?
- The submission deadline is 1 January 2025. Check the official source, as dates can be modified.
- What is the estimated value of this tender?
- The estimated value published by the buyer is £870,000.
- 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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