Source: https://tendernation.io/opportunities/01a13bfe-5f3b-7171-8359-d2b94b8db838/interim-incentive-mechanism-true-ups-and-rcv-allocation awarded GB open procedure Suitable for SMEs # Interim - Incentive Mechanism True-Ups and RCV Allocation [Water Services Regulation Authority](https://tendernation.io/buyers/water-services-regulation-authority) Estimated value £23,800 Published 18 Nov 2016 Deadline Closed 12 Feb 2016 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Small contract value Valued under £135,018 including VAT, the lowest Procurement Act threshold for goods and services. - 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 The role covers a range of activities within the Water2020 programme of work. Initially the main focus of the work will be on the work that is necessary to carry out the reconciliation calculations for 2014-15 for the PR09 incentive mechanisms. However the role is will also cover other activities in the Water2020 programme of work. This could include work required to allocate the RCV to sludge and water resources activities. 2014-15 reconciliation In December 2015, we issued an information request to all companies to provide us with the information necessary for us to reconcile the rewards and penalties (‘incentive mechanisms’) they should face for their actual performance in 2014-15 and the whole 2010-15 period. The information requested relates to 2014-15, as the reconciliations necessary for the years 2010-14 were addressed in the PR14 price determination. The true ups will be calculated for the following PR09 incentive mechanisms: The reconciliation will be performed for the following PR09 incentive mechanisms. • Revenue Correction Mechanism (RCM). • Capital expenditure incentive scheme (CIS). • Change Protocol and overlap programme (to be included in the CIS reconciliation). • Serviceability. We will receive this information from the companies on 29 February 2016. We have committed to review the information we receive and publish the draft of our assessment of the true-up in ‘Summer 2016’ followed by a final assessment. This role will be to direct a multi-disciplinary team that is responsible for carrying out the true-ups. The team is already in place and comprises a team of individuals that worked on the true-ups for these incentive mechanisms at PR14. The project director will: • Work with the team to develop the final project plan • manage the project team and through the use of plenary meetings ensure decisions we make for the true up are consistent with the policies adopted at PR14; • work with the project team to develop an approach to agreeing key decisions at internal project and programme boards (and potentially at Ofwat Board); • to be responsible for the development of, and obtain ultimate sign off for publication of the draft and final decision documents (which should be prepared in accordance with our commitments to the PR09 blind year adjustments set out in the PR19 reconciliation rulebook; • to direct external support we expect to procure which is intended to provide assurance to the assessment of and conclusions we make on assurance; • to represent Ofwat in meetings with the companies as required to clarify policy in respect of the true up calculations. Following issuance of the draft assessment, it is envisaged the project director may be required to attend meetings with companies as required and project direct the update for the final decision document. Read full description ## CPV classification Supply services of personnel including temporary staff Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/9ee52994-adc9-11e6-9901-0019b9f3037b) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. 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