2026-024 Legal Support for Financial and Insolvency Matters
This is a contract result notice, not an open opportunity. Details from the official award data.
This is a large award for Business Services — above three-quarters of comparable contracts. Based on 57,319 valued Business Services tenders in our corpus.
Following the introduction of the Financial Resilience Principles, Ofgem has been required to assess complex corporate and financial structures of energy suppliers.
This requirement has become even more significant following the introduction of standard licence conditions on 31 March 2025, which oblige suppliers to satisfy both the Capital Floor and Capital Target.
Ofgem therefore requires support from a supplier for short-term legal support services to augment the internal legal team, with a primary focus on delivering specialist technical legal advice in areas where the internal team may lack expertise.
This support will be particularly directed towards advising on complex financial legal matters concerning a supplier's position.
Ofgem will also require legal advice in respect of the practical applicability of enforcement of the Financial Resilience Principles (e.g., dealing with conflicting interpretations of definitions and interpretative analysis).
It may also be necessary for this advice to address strategies for handling risks related to possible supplier insolvency.
What the notice asks for
Following the introduction of the Financial Resilience
Following the introduction of the Financial Resilience Principles, Ofgem has been required to assess complex corporate and financial structures of energy suppliers.
Ofgem therefore requires support from a supplier
Ofgem therefore requires support from a supplier for short-term legal support services to augment the internal legal team, with a primary focus on delivering specialist technical legal advice in areas where the internal team may lack expertise.
This support will be particularly directed towards
This support will be particularly directed towards advising on complex financial legal.
Sentences from the notice that state an obligation, surfaced automatically and shown in the order they appear. Not an exhaustive list — always confirm against the tender documents.
What this notice demands of you
1 named, none in explicit obligation language. Each one is quoted from the notice.
Following the introduction of the Financial Resilience Principles, Ofgem has been required to assess complex corporate and financial structures of energy suppliers.
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.
Make the case to bid
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- OCID
- f5151e21-75a2-4f4d-b6c3-d0d2965c37b3
- Stage
- contract · Contract
- Source
- Contracts Finder
- Buyer ref
- MT237091
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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