2025-122- Cost Assessment Advisors to OFTO team for Tender and Policy

Ofgem

Published: May 15, 2026

Updated: May 20, 2026

Source: uk_fts

About This Opportunity

Ofgem (United Kingdom) seeks consulting services — 2025-122- Cost Assessment Advisors to OFTO team. governance & public sector. Submission deadline May 2026.

This is a consulting contract in the governance and public administration sector, with a focus on Insurance and Public Relations. Located in United Kingdom, Europe, this opportunity is open to firms and consortiums, with an estimated budget of GBP 1.7 million. Proposals must be submitted before May 22, 2026.

Published through UK FTS - Find a Tender Service, a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for consulting in the governance and public administration sector. Consulting assignments are typically evaluated with a strong emphasis on the technical proposal, including the methodology and qualifications of key experts. Shortlisted firms may be invited to submit financial proposals in a second stage. Interested parties should review the full documentation on the original source before submitting their proposal.

Description

Ofgem is looking to procure the necessary Cost Assessment advisors for the Offshore Transmission Owners (OFTO) team to continue its regulatory duties. Provision of these services will be crucial and without this, Ofgem will be unable to run effective tender processes for the upcoming tender rounds.
Ofgem are required to run a tender exercise for all offshore transmission projects that qualify under the Tender Regulations 2015. Provision of Cost Assessment consultancy support services will be crucial to ensure that a robust tender process takes place for upcoming tender rounds and without this, Ofgem will be unable to run an effective tender process.
To facilitate a robust tender evaluation process, Ofgem requires the services of a supplier on various aspects of the tender and transaction process - evaluation of bidder submissions, and financial assessment required to bring the project to close/appoint an OFTO.
Ofgem are required to undertake a cost assessment review of the OFTO assets for those projects that will be the subject of the tender process.
This review is fundamental in determining the cost of building the transmission assets to ensure that those costs stated by the developer fairly reflect what will be transferred and that consumers are receive value for money. With this being the case, data submitted by the project developer must be carefully evaluated to ensure that assets are being transferred in the most economic and efficient manner possible.
Further details can be found in the ITT documents.

Data provenance

This notice is sourced from UK FTS - Find a Tender Service and was originally published on May 15, 2026. Last refreshed today. Reference: 045059-2026. BidsFactory mirrors official procurement notices and links back to the source for full legal text.

About Ofgem

Ofgem has issued 60 procurement notices on BidsFactory, including 3 currently open and 49 awarded contracts. Activity concentrates in Information & Communication Technology, Consulting, and Energy & Power. All notices are published for United Kingdom. Notices are distributed via UK Contracts Finder and UK FTS - Find a Tender Service. Most recent publication: May 15, 2026.

Frequently asked questions about this tender

What is the estimated budget?

The estimated contract value is £1,666,000 - £1,666,000. Bidders should ensure their proposals are consistent with this range and account for any local taxes and contract execution costs.

Where will the contract be performed?

The contract is for delivery in United Kingdom. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.

How can I submit a bid?

Visit UK FTS - Find a Tender Service to access the full notice, required documents, and submission instructions. Quote reference 045059-2026 when communicating with the contracting authority.

When does this tender close?

The submission deadline is May 22, 2026. You have 3 days left to prepare and submit your proposal to the contracting authority.

Who is the contracting authority?

This notice was issued by Ofgem in United Kingdom. The authority is responsible for evaluating bids, awarding the contract, and managing performance.

What type of contract is this?

This is a Consulting contract in the Governance & Public Administration sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.