Source: https://tendernation.io/opportunities/01a13c30-66be-72d3-88f3-b11ba683a7ea/call-off-interim-financial-specialist-support awarded GB restricted procedure Suitable for SMEs # Call Off Interim Financial Specialist Support [Water Services Regulation Authority](https://tendernation.io/buyers/water-services-regulation-authority) Estimated value £41,000 Published 20 Aug 2018 Deadline Closed 18 Jul 2018 ## 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. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender ### Scope of work There are some areas of work that we have identified that we require to be delivered in phase one of this contract. There may then be further work required following phase one. We will then be able to call on this resource when required through the call off contract. ### First discrete piece of work (Phase one) We are looking at ways in which we can use the existing water company licences and our wider policy approach to support financial resilience. We have undertaken a review of the existing company licences to identify areas where they can be strengthened. Under phase one we require one or two Key Personnel to input into the ongoing work in relation to the way in which the ring fence operates and how we can make it more effective. We are seeking support across this work package and as an indication some of the areas that we may wish the Key Personnel to contribute to include but are not limited to: • Operation of the financial ring fence and the existing consents framework. • Quality, consistency and content of ring fence certificates provided by companies. • Use of credit ratings and cash lock up mechanisms and impact of changing trigger levels on other factors such as cost of capital/company financing. • Impact of existing securitisation arrangements on the resilience of companies. • Impact of group loan arrangements on the resilience of companies. • Use of existing covenants within company borrowing arrangements to support resilience. • Other issues relating to the ownership, funding and performance of companies. • Any suggestions the Key Personnel may have in addition to the above list. We anticipate there will be an initial 20 days of work to contribute to the above. This will be negotiated before the work commences, based on the exact scope of work and the experience and skills of the Key Personnel. ### Further phases We anticipate that there will be occasions during the rest of the financial year where we will need further specialist financial support. We will call off on the contract as needed after the first discrete piece of work to the end of July 2019. There may be the possibility of an option to extend the contract but the duration is subject to internal approval. The Customer will notify the Contractor once internal approval has been obtained or otherwise. The Customer will provide the Contractor 7 Working Days' written notice or other time period as agreed by the Parties, before each call off. Additional information: For further information, please contact: Read full description ## CPV classification Financial management consultancy services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/e6425c2b-3ee0-4f2e-bebd-36a5fbddac27) 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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