RFP QuestBeta
Awarded · ResultStage · contract

PROACTIS TENDERS LIMITED MYT

Revenue Term Policy Review & Marketing and Investor Engagement Support

Financial ServicesCPV 66171000 73000000 79411000
Value£100,000
Awarded1 Nov 2023
Published23 Jan 2024
RegionLondon

£100,000 — awarded.

Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£100ktotal contract value
median £150k
this tender£0£4.7m

This sits in the lower-middle of the Financial & Insurance Services band — a mid-scale opportunity. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

The brief

Ofgem require consultants to conduct work related to the Revenue Term policy for the Offshore Transmission Owner (OFTO) Regime which has evolved over a series of tender rounds.

Prior to Tender Round 6 TR6, the policy was a ~ 20-year Tender Revenue Stream (TRS).

Since TR6, the revenue term has increased to ~ 25 years (the exact term can vary project to project).

There has been a number of considerations that have impacted Ofgem's choice of the appropriate revenue term policy for OFTO, notably: the expected life of offshore windfarms; the expected technical life of OFTO assets; precedent of the revenue term in other contexts (e.g.

Private Finance Initiative); the attractiveness of different revenue terms to different financing solutions.

Ofgem required a study to be created that reviewed the impact of moving to a 30-year (or longer) TRS.

The gates

What this notice demands of you

1 named, none in explicit obligation language. Each one is quoted from the notice.

Ofgem require consultants to conduct work related to the Revenue Term policy for the Offshore Transmission Owner (OFTO) Regime which has evolved over a series of tender rounds.

Matched against the notice text, so this is a floor — the tender pack will demand things the notice never mentions. “Says must” means the quoted sentence itself used obligation language; anything ambiguous is left as a mention.

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Source & provenance
OCID
085244ba-10ff-40eb-aa04-1fabef532f4b
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
MT231124
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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