Source: https://tendernation.io/opportunities/01a13bfe-a678-702b-bb7b-f61056ffc529/to-further-develop-the-overall-proposals-for-the-credit-arrangements-for-the-new awarded GB open procedure Suitable for SMEs # To further develop the overall proposals for the credit arrangements for the new retail market [Water Services Regulation Authority](https://tendernation.io/buyers/water-services-regulation-authority) Estimated value £51,580 Published 18 Nov 2016 Deadline Closed 24 Mar 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 purpose of this work is to build on current work on the development and implementation of the final credit arrangements that should be included within the market codes in readiness for the opening of the non-household retail market in April 2017 and to similarly consider the associated impacts for PR19. The market codes will include the appropriate credit terms and arrangements for interactions between wholesalers and retailers and any wholesale impacts will need to be considered as part of PR19. It is imperative that the new policy proposals are entirely consistent with our statutory duties as set out in the legislation and support an effective retail market with high levels of rivalry that protects customers. ### Scope We are tendering for a piece of work to further develop the overall proposals for the credit arrangements for the new retail market, building on existing work, including incorporating any alternative mechanisms to address the risk of retailer default that may sit in the wholesale price controls and therefore fall outside of the credit arrangements set out in the codes. We wish to see an overall package of proposals developed that are sensible and coherent with other areas of policy, including for example the Interim Supply arrangements. The key task for the successful contractor will be to draft an Ofwat consultation document on the overall credit proposals for the retail market, for publication as soon as possible. That document should set out: - The importance of credit arrangements for the new market and in particular for customers. - The approach taken at PR14 and the subsequent development of the retail codes and credit arrangements. - The analysis of credit risk and the associated wholesale and retail impacts, including the end-to-end process (building on existing work that has been completed and can be made available to the successful contractor). - The proposed overall approach to credit risk including the arrangements under each of the different credit options and invite views on those proposals. This should include explicit analysis of any potential wholesale socialisation mechanisms that may form part of the proposed package of arrangements. ### Skills and Experience The Customer expects that the Contractor’s Staff nominated for the Services will have the following skills and experience: Broad regulatory knowledge and experience An understanding of: • Ofwat’s statutory duties and strategic policy goals • The opening of regulated markets to competition from a regulatory, economic and financial risk perspective ### Specific knowledge, skills and experience • Detailed knowledge of corporate finance. • A good understanding of international accounting policies and practises. • Demonstrable experience in analysing and developing methods of assessing and valuing credit risk. • An understanding of market codes and experience taking code changes through their governance processes. Additional information: For further information, please contact: Read full description ## CPV classification Research and development services and related consultancy services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/a140fac2-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. [Track tenders free](https://tendernation.io/register) [Buyer profile Water Services Regulation Authority: past awards and live tenders](https://tendernation.io/buyers/water-services-regulation-authority) [Sector More Research & development tenders](https://tendernation.io/sectors/research-development) ## More tenders like this [Tees Bird Mapping Project · Natural England · 24 days left · 13 Nov 2026](https://tendernation.io/opportunities/01a158c1-0a39-72df-aac0-991d1747cd02/tees-bird-mapping-project) [Research services – Evaluatie van de implementatie van de proeftuin Pioniersscholen · Vlaamse Overheid · 20 days left · 9 Nov 2026](https://tendernation.io/opportunities/01a156a9-cecf-7255-bee1-542f502ed088/belgium-research-services-evaluatie-van-de-implementatie-van-de-proeftuin-pi) [Research services – KPN/28/2026 „Charakterystyka biogeochemiczna gleb i roślin wybranych torfowisk subalpejskich ze szczególnym uwzględnieniem torfowiska u źródeł Úpy na Równi pod Śnieżką” · Karkonoski Park Narodowy z siedzibą w Jeleniej Górze · 34 days left · 23 Nov 2026](https://tendernation.io/opportunities/01a156a9-97ae-7315-8e1a-e686bca1e724/poland-research-services-kpn282026-charakterystyka-biogeochemiczna-gleb-i) [Research and development services and related consultancy services – Evaluation of Five Pilot Projects Testing Exemptions from Provisions of the Local Government Act, the Property Tax Act, the General Practitioner Regulations, and Other Regulatory Frameworks · Ministry of Local Government and Regional Development · 14 days left · 3 Nov 2026](https://tendernation.io/opportunities/01a156a9-a35e-73b3-8bf4-7d33c32cf58b/norway-research-and-development-services-and-related-consultancy-services-ev) [Research and development services and related consultancy services – Zabezpečenie trvalých a analytických činností pre oblasť dopravy · Ministerstvo dopravy Slovenskej republiky · 30 days left · 19 Nov 2026](https://tendernation.io/opportunities/01a156a9-ce90-72fd-b25d-99b3ee2e8b4b/slovakia-research-and-development-services-and-related-consultancy-services) [Research and development consultancy services – ATU wishes to establish a Panel of National Contact Point Experts across EU Member States to build capacity to incorporate EU Results-Based Payments Schemes in Public or Private Support Schemes. · Atlantic Technological University · 438 days left · 31 Dec 2027](https://tendernation.io/opportunities/01a156a9-ccf1-7050-b440-6554b4a1426f/ireland-austria-slovenia-research-and-development-consultancy-services-atu)