Source: https://tendernation.io/opportunities/01a13b8c-3ad9-700d-bec0-1fe6e619a29b/professional-advisory-services-to-support-ofgems-ofto-team awarded GB open procedure # Professional Advisory Services to Support OFGEM’s OFTO Team [Ofgem](https://tendernation.io/buyers/ofgem) Estimated value £9,000,000 Published 14 Jan 2022 Deadline Closed 27 Sept 2021 ## Who can bid - Split into 3 lots You can usually bid for just the lots you can deliver. - Sets up a framework Winning a place does not guarantee work: contracts are awarded later as call-offs, and the list usually stays closed for years. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. ## About this tender OFTO licences, granted through the competitive process, confer certain rights and responsibilities on OFTOs, including the right to a regulated revenue stream for a defined period in return for provision of transmission services. Through the tender process, interested parties have the opportunity to bid to become an OFTO. The offshore transmission assets that the OFTO takes ownership of are acquired at a transfer value determined by the Authority. Following transfer of ownership, the OFTO owns and manages the transmission assets (including the cables and associated connection equipment) between the offshore point of connection with the generator and the point of connection with the onshore network. Following the transfer of ownership, the OFTO is required to comply with the licence conditions. The revenue stream also includes mechanisms which adjust the OFTO’s regulated revenue stream for certain ‘pass-through’ items. The Income Adjusting Event (IAE) is one such ‘pass-through’ revenue adjustment mechanism for costs and expenses that have arisen during the revenue term, for example, due to fault or failure of the system (subject to defined pre-requisites), or at the Authority’s discretion. The Authority is responsible for the decision-making when such claims are made. Other policy development and enforcement actions may also be required during the revenue stream. This procurement is seeking expert consultancy services to support decision-making and policy development for all such requirements in the regime. Read full description ## CPV classification Business and management consultancy services Financial consultancy services Financial consultancy, financial transaction processing and clearing-house services Project management consultancy services Business analysis consultancy services Business and management consultancy and related services General management consultancy services Financial management consultancy services Evaluation consultancy services Financial and insurance services Insurance services Insurance brokerage and agency services Insurance brokerage services Insurance agency services Insurance consultancy services Technical analysis or consultancy services Technical testing, analysis and consultancy services Business development consultancy services Source Find a Tender (UK) · Notice ocds-h6vhtk-02d9f8-2022-01-14T09:54:02Z [View official notice](https://www.find-tender.service.gov.uk/Notice/ocds-h6vhtk-02d9f8-2022-01-14T09:54:02Z) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. 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