Management and Allocation of Voluntary Redress Payments

A Tender Notice
by OFGEM

Source
Find a Tender
Type
Contract (Services)
Duration
23.5 month
Value
£0-£2M
Sector
BUSINESS
Published
21 Sep 2021
Delivery
To 08 Apr 2024 (est.)
Deadline
26 Oct 2021 11:00

Concepts

Location

United Kingdom:

Geochart for 1 buyers and 0 suppliers

1 buyer

Description

This tender is for an expert Service Provider to provide efficient financial management of voluntary redress monies, including receiving the funds, ring-fencing them, and awarding grants to suitable recipients.

Total Quantity or Scope

The Authority wants to procure an expert with experience in allocating funds to charitable organisations and with knowledge of the needs of energy consumers across Great Britain, to allocate voluntary redress payments (the “Service Provider”) to support the Authority in meeting its objective of protecting the interests of existing and future energy consumers.

Renewal Options

A further 24 months extension is available at The Authorities discretion. And then a further 24 month extension is available for The Authority to procure Run off Services

CPV Codes

  • 79412000 - Financial management consultancy services
  • 66152000 - Financial market regulatory services
  • 66151000 - Financial market operational services
  • 66150000 - Financial markets administration services
  • 66170000 - Financial consultancy, financial transaction processing and clearing-house services
  • 66171000 - Financial consultancy services
  • 66172000 - Financial transaction processing and clearing-house services
  • 72224000 - Project management consultancy services

Indicators

  • This is a one-off contract (no recurrence)
  • Renewals are available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at https://www.mytenders.co.uk/Search/Search_Switch.aspx?ID=223940. The buyer has indicated that it will accept electronic responses to this notice via the Postbox facility. A user guide is available at https://www.mytenders.co.uk/sitehelp/help_guides.aspx. Suppliers are advised to allow adequate time for uploading documents and to dispatch the electronic response well in advance of the closing time to avoid any last minute problems. (MT Ref:223940)

Reference

Domains