Independent Monitor - Thames Water

Water Services Regulation Authority (Ofwat)

Published: Jul 31, 2026

Updated: Jul 31, 2026

Source: uk_fts

About This Opportunity

This is a services contract in the environment and climate, governance and public administration and Monitoring Evaluation sectors. Located in United Kingdom, Europe, this opportunity is open to firms and consortiums, with an estimated budget of GBP 13.0 million. Proposals must be submitted before September 7, 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 services in the environment and climate sector. Service contracts are typically evaluated on both technical quality and price, and may require bidders to demonstrate relevant experience and qualified personnel. Interested parties should review the full documentation on the original source before submitting their proposal.

Description

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.

Data provenance

This notice is sourced from UK FTS - Find a Tender Service and was originally published on July 31, 2026. Last refreshed today. Reference: 072941-2026. BidsFactory mirrors official procurement notices and links back to the source for full legal text.

About Water Services Regulation Authority (Ofwat)

Water Services Regulation Authority (Ofwat) has issued 2 procurement notices on BidsFactory, including 2 currently open and 0 awarded contracts. Activity concentrates in Monitoring, Evaluation & Learning, Governance & Public Administration, and Environment & Climate. All notices are published for United Kingdom. Notices are distributed via UK FTS - Find a Tender Service. Most recent publication: July 31, 2026.

Frequently asked questions about this tender

What type of contract is this?

This is a Services contract in the Environment & Climate sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.

What is the estimated budget?

The estimated contract value is £13,000,000 - £13,000,000. 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 072941-2026 when communicating with the contracting authority.

When does this tender close?

The submission deadline is September 7, 2026. You have 38 days left to prepare and submit your proposal to the contracting authority.

Who is the contracting authority?

This notice was issued by Water Services Regulation Authority (Ofwat) in United Kingdom. The authority is responsible for evaluating bids, awarding the contract, and managing performance.