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2025-123 Insurance Advisors to OFTO team for Tender and Policy

Original 2025-123 Insurance Advisors to OFTO team for Tender and Policy

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  2. Awarded decided in 230 days
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Summary

Machine-generated summary

Ofgem awarded a contract for expert insurance consultancy services to support decision making and policy development in the Offshore Transmission Owner (OFTO) regime. The supplier assists Ofgem in running an efficient tender and transaction process, including preparatory work ahead of Tender Rounds, evaluating bid submissions with other appointed financial and technical advisors, and supporting the transaction stage towards Licence Grant (LG) and Financial Close (FC), with knowledge transfer and advice on lessons learned. The winner is Arthur J. Gallagher Insurance Brokers Limited. The awarded value is EUR 1,163,941.10, the same as the estimated value within 1%. The award date is 2026-08-19; the deadline for bids was 2026-01-01.

Description

Ofgem is looking for expert insurance consultancy services to support decision making and policy development for a range of requirements in the Offshore Transmission Owner (OFTO) regime. The primary responsibility of the supplier is to assist Ofgem in running an efficient tender and transaction process. This will include preparatory work in advance of the Tender Rounds and evaluating bid submissions in coordination with other appointed financial and technical advisors. This is to ensure that the most advantageous tender is selected. The supplier will then proceed to the transaction stage where Ofgem will require further support to aid the process to Licence Grant (LG) and Financial Close (FC). Effective transfer of knowledge on each stage of the process along with general advice on lessons learned is also required

Official source

Source: Contracts Finder (UK Cabinet Office)

Always verify details on the official notice.

Last verified against Contracts Finder (UK Cabinet Office) 1 week ago

Documents on Contracts Finder (UK Cabinet Office) (English)

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Avg. open tender · Financial & insurance services
€15,451,597
3,202 open across Europe right now 92% below sector average
Buyer track record on Aperlena
23 notices tracked · 22 awarded
€32,425,055 in awarded contracts

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