Water Services Regulation Authority (Ofwat)
Independent Monitor - Thames Water
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.
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 supplier must deliver
Ofwat is procuring an Independent Monitor (IM)
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
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.
Derived from the notice text — always confirm against the original 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.
What it takes to bid this
Typical UK bid effort for the £10m+ band — an estimate, not a quote.
Qualify & bid/no-bid ~10% · SQ / PQQ ~20% · Written response ~55% · Review & presentation ~15%
Typical for this category — confirm against the ITT pack
- Hold at bidProfessional indemnity insurance
- Show at bidNamed engagement team with CVs
- Show at bidComparable references / case studies
- Hold at bidFinancial standing (accounts, often ~2× contract value turnover)
- Hold at bidInsurance cover (PL / EL, often PI)
- Show at bidSocial value commitments
Hold at bid = pass/fail conditions of participation. Show at bid = scored in the quality response. Plan for delivery = contract obligations from day one.
Make the case to bid
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- OCID
- ocds-h6vhtk-06d965
- Stage
- tender · Open
- Source
- Find a Tender
- Buyer ref
- 072941-2026
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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