Benchmarking Services for OFTO Tender Rounds

OfgemcontractFind a TenderRef ocds-h6vhtk-0503b6Procurement Act 2023SME suitableactive
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Estimated value

Awarded value

Suppliers

1

1 SME

Lots

1

1 awarded

Published

28 Jan 2026

Description

The OFTO team requires a benchmarking advisor to provide support on OFTO transactions and ensure that the most competitive pricing of any financial instrument is achieved at financial close. The supplier will need to demonstrate that a clear and transparent process is followed in arriving at this pricing. The Supplier shall provide expert advice on the hedging process up to and at FC on projects that take place over the life of the contract. These projects are likely to fall within Tender Round 10 (TR10), Tender Round 11 (TR11), Tender Round 12 (TR12) and Tender Round 13 (TR13). Please note that there is an option to extend this work to Tender Round 14 (TR14), however, the scope of this tender round is not yet defined.

Scope

Reference
2025-011
Commercial tool
Standalone contract
Contract dates
10 Sept 2025 to 10 Sept 2028
Possible extension to 10 Sept 2029

The option to extend for up to 1 x 12 month periods until 10th September 2029

CPV classifications
79212100
79212000
79412000
79410000
66000000
48812000
Contract locations
UK, United Kingdom
Particular suitability
Small and medium-sized enterprises (SME)

Award criteria

Criteria the buyer will use to evaluate bids.

NameDescriptionTypeWeighting
Commercial price40.00%
Technicalquality60.00%

Participation

Conditions suppliers must meet to bid.

Further information is included within the tender documentation

Submission & procedure

Procedure
Open procedure

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

Award date

Contract start

Contract end

Awarded to