Gas Flexible Purchase
This is a contract result notice, not an open opportunity. Details from the official award data.
This is a large award for Petroleum, Fuel & Energy Products — above three-quarters of comparable contracts. Based on 3,437 valued Petroleum, Fuel & Energy Products tenders in our corpus.
The Authority require a contract to include all gas meters, for a 3 year period commencing on the 1.10.2018.The contract is to be based on a 28 day BACs payment terms with no requirement for credit mitigation.
The settlement of the contract is to be based on a minimum +/-20 % annual volume tolerance with a 3 year fixed shape/swing premium.
The management fee should also be fixed for the contract duration.
A flexible contract is required to allow the Authority to purchase the commodity costs via OTC (over the counter) pricing through traders at Mitie Energy's Risk Management Team.
Options around ability to fix/unfix, purchase at day ahead indices, and reforecast volumes will be required.
What the supplier must deliver
The management fee should also be fixed
The management fee should also be fixed for the contract duration.
A flexible contract is required to allow
A flexible contract is required to allow the Authority to purchase the commodity costs via OTC (over the counter) pricing through traders at Mitie Energy's Risk Management Team.
Derived from the notice text — always confirm against the original documents.
Make the case to bid
Reveal who to approach at City of London Corporation, and generate a go-to-market strategy from their news, accounts and people.
Ask me about this tender, the buyer, who wins their work, or whether you should bid.
- OCID
- 0393025b-b675-40f0-a099-4f704959b6e6
- Stage
- contract · Contract
- Source
- Contracts Finder
- Buyer ref
- tender_173303/720326
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
Who wins this kind of work
The suppliers and buyers around this opportunity — drawn from official award data. Drag to orbit; click a node to explore.
Top suppliers & buyers in Petroleum, Fuel & Energy Products
City of London Corporation’s tender network
Assembling the network…
Similar open tenders
Bohunt Education Trust - Flexible Gas Tender
Bohunt Education Trust
Fixed Term Fixed Price Procurement and Supply of Natural Gas, Half Hourly (HH), Non-Half Hourly (NHH), Metered and Unmetered Electricity – Dynamic Purchasing System - Y25009
Kent County Council (T/a LASER)