Source: https://tendernation.io/opportunities/01a13be6-174f-70ad-ada8-b7a85bf735b2/independent-monitor-thames-water

closed GB open procedure Suitable for SMEs

#  Independent Monitor - Thames Water

[Water Services Regulation Authority (Ofwat)](https://tendernation.io/buyers/water-services-regulation-authority-ofwat)

Estimated value

£13,000,000

Published

4 Sept 2026

Deadline

Closed

11 Sept 2026

## Who can bid

- Buyer says suitable for SMEs

    The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid.
- Buyer says suitable for VCSEs

    The buyer ticked “suitable for voluntary, community and social enterprises” on the notice.
- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

[More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses)

## About this tender

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.

Read full description

## CPV classification

Business services: law, marketing, consulting, recruitment, printing and security

Source

Find a Tender (UK) · Notice ocds-h6vhtk-06d965-2026-09-04T15:58:00+01:00

[View official notice](https://www.find-tender.service.gov.uk/Notice/ocds-h6vhtk-06d965-2026-09-04T15:58:00+01:00)

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