Water Services Regulation Authority (Ofwat)
Independent Monitor - Thames Water
£13,000,000 — stated in the notice
The procurement contact named on the official notice.
Tenders must be submitted electronically via the myTenders eProcurement portal (https://www.mytenders.co.uk/). Instructions for accessing the procurement documents, submitting clarification questions and submitting tenders will be provided through the portal. Tenders submitted by email or post will not be accepted.
The submission route named on the official notice.
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.
Water Services Regulation Authority (Ofwat) publishes Business Services work continuously — 167 notices, roughly one every 1 day. This is a stream to watch, not a cycle to wait for.
55% of Water Services Regulation Authority (Ofwat)’s awards go to a supplier it has used before.
Which is the argument for getting on the list rather than winning this one. The incumbent is rarely the last winner — it is the roster. See the retention odds by category →
Ofwat is procuring an Independent Monitor (IM) to provide independent monitoring, analysis and reporting in relation to Thames Water's turnaround programme, financial resilience and compliance with undertakings accepted by Ofwat following a breach of licence condition P26.
The IM will support Ofwat's Turnaround Oversight Regime by monitoring and assessing Thames Water's progress in delivering its turnaround plan and complying with regulatory commitments.
The IM will provide independent oversight of governance, operational performance, financial resilience, transformation activities and delivery confidence, and identify and report material risks, issues and emerging concerns to Ofwat.
The IM will undertake monitoring and reporting services across a broad range of functions, including operational performance, financial resilience, governance, transformation programmes, regulatory submissions, capital delivery and asset management.
The IM will report regularly to Ofwat and provide independent evidence and analysis to support regulatory oversight and decision-making.
The role is expected to operate in a dynamic and evolving environment.
The nature, scope and intensity of the IM's activities may increase or decrease during the contract term to reflect Thames Water's progress, risk profile, recapitalisation activities, regulatory developments and wider turnaround programme.
The contract has therefore been designed to support a scalable and proportionate monitoring approach.
The IM will be appointed by Ofwat, will act independently of Thames Water, and will provide recommendations and advice to Ofwat only.
The costs of the independent monitor will be met by the Company, and will not impact on customer bills.
What the notice asks for
The IM will support Ofwat's Turnaround Oversight
The IM will support Ofwat's Turnaround Oversight Regime by monitoring and assessing Thames Water's progress in delivering its turnaround plan and complying with regulatory commitments.
The IM will provide independent oversight
The IM will provide independent oversight of governance, operational performance, financial resilience, transformation activities and delivery confidence, and identify and report material risks, issues and emerging concerns to Ofwat.
The IM will report regularly to Ofwat
The IM will report regularly to Ofwat and provide independent evidence and analysis to support regulatory oversight and decision-making.
The role is expected to operate in
The role is expected to operate in a dynamic and evolving environment.
The contract has therefore been designed
The contract has therefore been designed to support a scalable and proportionate monitoring approach.
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.
Ofwat is procuring an Independent Monitor (IM) to provide independent monitoring, analysis and reporting in relation to Thames Water's turnaround programme, financial resilience and compliance with undertakings accepted by Ofwat following a breach of licence condition P26.
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
Reveal who to approach at Water Services Regulation Authority (Ofwat), and generate a go-to-market strategy from their news, accounts and people.
Free to start. Named contacts come from published notices; the strategy is generated from the buyer’s news, accounts and people.
The full intelligence dossier
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- OCID
- ocds-h6vhtk-06d965
- Stage
- tender · Open
- Source
- Find a Tender
- Buyer ref
- 084033-2026
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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