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Ofgem 2025-011 Benchmarking Services for OFTO Tender Rounds 10-14
Descriptions
The OFTO team requires a benchmarking advisor to provide support on OFTO transactions and ensure that the most competitive pricing of any financial instrument is achieved at financial close. The advisor will need to demonstrate that a clear and transparent process is followed in arriving at this pricing. They will also ensure that the terms of financing of the three projects within Tender Round 10 (TR10), one project in Tender Round 11 (TR11), one project in Tender Round 12 (TR12) and three projects in Tender Round 13 (TR13) are favourable for consumers. Ofgem do plan on extending this work to Tender Round 14 (TR14) but the scope of this work is not yet known. The supplier shall provide expert advice on the hedging process up to and at Financial Close (FC) on TR10, TR11, TR12, TR13 and TR14. The scope of work is as follows: * Review the structure of the interest rate and inflation hedging profiles and calculations and confirm that this is an acceptable structure or alternatively provide review of the structuring of underlying GILT for pricing any public bond. * Provide indicative market pricing/updated pricing on all hedging and underlying GILT on request to ensure the most competitive rates are achieved. * Proactive alerts on material market movements which may impact the pricing, including forewarning of any market activity which may create volatility and advise on how to manage this. * Agree hedge term sheets/model outputs with the hedge providers where necessary. * Provide/review the proposed execution protocol for the required hedging and/or bond issuance and negotiate this protocol with the hedge bank(s)/providers as necessary. * Undertake offline benchmark pricing exercises to establish mid-market levels and ensure pricing is agreed as a margin over mid-level. * Identify any anomalies which may indicate additional margins for the hedge providers. * Coordinate dry run pricing leading up to the FC and manage a series of 'dry runs' with all relevant parties, including but not limited to Ofgem and its financial adviser(s)plus the FC execution call. * Advisors are also required to liaise directly with Ofgem on any issues identified.
Timeline
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Tender Regions
CPV Codes
79412000 - Financial management consultancy services
48812000 - Financial information systems
79410000 - Business and management consultancy services
79212000 - Auditing services
66000000 - Financial and insurance services
79212100 - Financial auditing services
Keywords
loan processing
financial audit
accounting audit
statutory audit
banking services
audit assurance
general audit
compliance check
credit services
risk management
audit planning
audit reporting
IFRS audit
GAAP audit
asset protection
fiscal risk analysis
financial assessment
risk analytics engine
investment support
auditing services
financial data warehouse
independent audit
audit due diligence
stock trading interface
insurance coverage
financial consulting
payment gateway engine
executive coaching
audit verification
budgeting consultancy
ERP finance connector
corporate finance advice
management consultancy
auditor �s report
consultancy engagement
fund management advice
pension management
banking system platform
finance strategy advice
management support
investment optimization
economic advisory
business performance consultancy
financial governance support
treasury management consulting
accounting integration module
external financial review
financial statement audit
financial planning services
compliance reporting system
business advisory services
financial auditing services
corporate strategy consulting
organizational development
financial compliance audit
financial transaction tracker
treasury management system
financial management consultancy
Tender Lot Details & Award Criteria
1 Tender Lots
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