Ofgem awards OFTO financial advisory contract to CEPA LLP

Tender information last checkedLast checked 12 Oct 2026, 15:56.

Opportunity overview

Ofgem is looking to procure the necessary financial advisors for the Offshore Transmission Owners (OFTO) team to continue its regulatory duties. Provision of these services will be crucial and without this, Ofgem will be unable to run effective tender processes for the upcoming tender rounds. The successful supplier will be required to provide specialist financial support to review Ofgem's tender process in evaluating bidders. This will include: Providing advice on the Information Memoranda, guidance documents, evaluation methodology documents, and any further documents as required. This may include helping to implement changes to the EPQ process and documentation if required. Undertaking comparative bid evaluation of the technical sections only at the EPQ Stage and the ITT Stage. The appointed financial advisor shall fulfil the role of Lead Evaluator and shall act as a single point of contact for these stages, by coordinating the technical and insurance advisors’ evaluation work and bringing together their respective evaluation reports. Assessing bid submissions against the existing scoring methodologies and evaluation criteria and providing an overview of the robustness and cost effectiveness of technical aspects of each bid submission.

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

CEPA LLP

Matched by exact name

Published award value: £7.9m
Awarded: 16 Jul 2026
Award ID: 1
Status: active
Identifier: GB-PPON PHVQ-3763-LJLL
Location: London, UKI31, WC2A 3LJ, United Kingdom

Classification

No classification was supplied.

Lots

Lot 1Value not stated

Documents and notices

Contract details notice on Find a TenderOpen source ↗

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id: 2025-087
Status: complete
Procurement Method: open
Procurement Method Details: Open procedure

Legal basis

Id: 2023/54
Scheme: UKPGA
Uri: https://www.legislation.gov.uk/ukpga/2023/54/contents ↗

Covered By

GPA

Lots and requirements

Entry 1

Id: 1
Status: complete

Published documents

Entry 1

Id: conflictOfInterest
Document Type: conflictOfInterest
Description: Not published

Buyer, suppliers and contacts

Organisation 1

Name: Ofgem
Id: GB-PPON-PWXD-5991-LZZP

Identifier

Scheme: GB-PPON
Id: PWXD-5991-LZZP

Address

Street Address: 10 South Colonnade
Locality: London
Postal Code: E14 4PU
Country: GB
Country Name: United Kingdom
Region: UKI42

Contact

Email: Procurement2@ofgem.gov.uk

Roles

buyer

Details

Url: http://www.ofgem.gov.uk ↗

Classifications

Entry 1

Scheme: UK_CA_TYPE
Id: publicAuthoritySubCentralGovernment
Description: Public authority - sub-central government

Organisation 2

Name: CEPA LLP
Id: GB-PPON-PHVQ-3763-LJLL

Identifier

Scheme: GB-PPON
Id: PHVQ-3763-LJLL

Address

Street Address: Queens House, 55-56 Lincoln's Inn Fields
Locality: London
Postal Code: WC2A 3LJ
Country: GB
Country Name: United Kingdom
Region: UKI31

Contact

Email: Chris.Sutcliffe@cepa.co.uk

Roles

supplier

Details

Scale: sme
Vcse: No
Public Service Mission Organization: No
Sheltered Workshop: No

Award information

Award 1

Id: 1
Status: active
Main Procurement Category: services

Items

Item 1

Id: 1
Related Lot: 1

Additional Classifications

Entry 1

Scheme: CPV
Id: 66171000
Description: Financial consultancy services

Entry 2

Scheme: CPV
Id: 71621000
Description: Technical analysis or consultancy services

Entry 3

Scheme: CPV
Id: 76500000
Description: Onshore and offshore services

Entry 4

Scheme: CPV
Id: 79412000
Description: Financial management consultancy services

Delivery locations

Entry 1

Region: UK
Country: GB
Country Name: United Kingdom

Suppliers

Supplier 1

Id: GB-PPON-PHVQ-3763-LJLL
Name: CEPA LLP

Related lots

Contracts and changes

Entry 1

Id: 1
Award ID: 1
Title: 2025-087 Financial Advisors to OFTO Team for Tender & Policy
Status: active
Above Threshold: Yes
Date Signed: 16 Sept 2026, 00:00
No Agreed Metrics Rationale: This contract establishes a call-off arrangement for the provision of specialist financial advisory services on an as-required basis and does not commit Ofgem to any minimum volume of work. The nature, scope, duration and deliverables of individual work packages are not known in advance and will vary depending on business requirements arising during the contract term. As a result, Ofgem considers that performance could not appropriately be assessed through a single set of contract-level KPIs applicable across all potential assignments. Where specific work packages are commissioned under the contract, proportionate performance measures and KPIs will be established and monitored on a case-by-case basis to reflect the requirements and deliverables of the individual assignment.

Period

Starts: 16 Sept 2026, 00:00
Ends: 9 Sept 2030, 23:59

Value

Including VAT: 9,500,000
Amount: 7,916,666.67
Currency: GBP

Documents

Entry 1

Id: 096145-2026
Document Type: contractNotice
Notice Type: UK7
Description: Contract details notice on Find a Tender
Url: https://www.find-tender.service.gov.uk/Notice/096145-2026 ↗
Published: 12 Oct 2026, 14:45
Format: text/html

Recorded locations

Buyer location · London · UKI42 · E14 4PU · United Kingdom

Notice and amendment history

4 published notice versions reviewed by ProcuraAxis.

4 VERSIONS

030164-2026Tender notice on Find a Tender · 1 Apr 2026, 10:22
042081-2026Tender notice on Find a Tender · 7 May 2026, 15:40
067924-2026Contract award notice on Find a Tender · 17 Jul 2026, 15:37
096145-2026Contract details notice on Find a Tender · 12 Oct 2026, 14:45

PROCURAAXIS AWARD ANALYSIS

Award outcome intelligence

Evidence-bound analysis of the published award appears below the official tender and award information.

ANALYSIS PREVIEW

Award intelligence at a glance

Ofgem awarded CEPA LLP a call-off arrangement for specialist financial advisory support to its Offshore Transmission Owners (OFTO) team. The arrangement supports tender documentation, bidder evaluation and coordination of technical and insurance evaluation input.

Published outcome signals

Procurement statusCompleteEvidence: Tender status is "complete" and lot 1 status is "complete" in the published record.
Award statusActiveEvidence: Award 1 is marked "active".
Contract statusActiveEvidence: Contract 1 is marked "active".

97% approved-analysis confidence1 supplier record analysed3 source limitations

SOURCE AND FRESHNESS

Traceable procurement data

Source: Find a Tender
Notice reference: 096145-2026
OCID: ocds-h6vhtk-05ef74
First published: 17 Jul 2026
Last checked: 12 Oct 2026, 15:56
Notice versions reviewed: 4

View Find a Tender notice ↗

HOW THIS WAS PREPARED

Approved, evidence-bound analysis

ProcuraAxis structures information found in published procurement records, checks the result for consistency and publishes only approved analysis. Confidence describes the completeness and consistency of the available source information; it is not a guarantee of eligibility or contract award.

Analysis status: Approved for publication
Analysed: 12 Oct 2026

Read the analysis methodology →

AWARD OUTCOME

What happened

Published outcome

The published contract record identifies CEPA LLP as the sole supplier for lot 1. The contract is recorded as active, with an explicit signature and start date of 16 September 2026.

Market significance

This is a GBP 7.92 million net, GBP 9.5 million gross financial-advisory call-off arrangement running for almost four years, supporting Ofgem’s forthcoming OFTO tender rounds.

AWARDED SUPPLIERS AND LOTS

1 supplier record analysed

CEPA LLP

99% confidence

Award 1 · Lots 1 · GBP 7,916,666.67 net; GBP 9,500,000 gross GBP · Verified; awarded supplier under active award and contract

View supporting evidence

Award 1 names CEPA LLP. Supplier verification reports an exact-name match to active Companies House entity OC326074. Contract 1 is linked to award 1 and gives the stated contract values.

LIFECYCLE

Award or contract stage

Procurement status

98% confidence

Complete

View supporting evidence

Tender status is "complete" and lot 1 status is "complete" in the published record.

Award status

98% confidence

Active

View supporting evidence

Award 1 is marked "active".

Contract status

98% confidence

Active

View supporting evidence

Contract 1 is marked "active".

Contract signature

99% confidence

Signed on 16 September 2026

View supporting evidence

Contract 1 contains dateSigned: 2026-09-16T00:00:00+01:00.

VALUES

Published values explained

Contract value, excluding VAT

99% confidence

GBP 7,916,666.67

View supporting evidence

Contract 1 value.amount is 7,916,666.67 GBP.

Contract value, including VAT

99% confidence

GBP 9,500,000

View supporting evidence

Contract 1 value.amountGross is 9,500,000 GBP.

Commercial structure

98% confidence

Call-off arrangement with no minimum volume commitment

View supporting evidence

The contract states that it is provided on an as-required basis and does not commit Ofgem to a minimum volume of work.

TIMELINE

Procurement timeline

Tender notice published

98% confidence

1 April 2026

View supporting evidence

Release history records tender notice 030164-2026 on 2026-04-01.

Tender update published

98% confidence

7 May 2026

View supporting evidence

Release history records tender update 042081-2026 on 2026-05-07.

Award notice published

98% confidence

17 July 2026

View supporting evidence

Release history records contract award notice 067924-2026 on 2026-07-17.

Contract signed and started

99% confidence

16 September 2026

View supporting evidence

Contract 1 records both dateSigned and period.startDate as 2026-09-16.

Contract end

99% confidence

9 September 2030

View supporting evidence

Contract 1 period.endDate is 2030-09-09T23:59:59+01:00.

Contract details notice published

99% confidence

12 October 2026

View supporting evidence

Contract document 096145-2026 and release history record publication on 2026-10-12.

SCOPE

What was awarded

Requirement

98% confidence

Specialist financial advisory support for Ofgem’s OFTO tender and policy work

View supporting evidence

The procurement description states that Ofgem seeks financial advisors for its OFTO team to continue regulatory duties and run effective upcoming tender processes.

Evaluation support

98% confidence

Advice on information memoranda, guidance, evaluation methodology and related documents

View supporting evidence

The description explicitly lists advice on these materials, including potential EPQ process and documentation changes.

Lead evaluator role

98% confidence

Coordinate technical and insurance advisers’ evaluation work at EPQ and ITT stages

View supporting evidence

The description says the appointed financial advisor will be Lead Evaluator and a single point of contact for those stages.

Classification

98% confidence

Financial consultancy, technical analysis/consultancy, onshore and offshore services, and financial management consultancy

View supporting evidence

Award item classifications list CPV 66171000, 71621000, 76500000 and 79412000.

Delivery geography

95% confidence

United Kingdom

View supporting evidence

Award item delivery address is recorded at UK level.

PROCEDURE

Procedure and competition

Procedure

99% confidence

Open procedure

View supporting evidence

Tender procurementMethod is "open" and procurementMethodDetails is "Open procedure".

Lot structure

98% confidence

One lot

View supporting evidence

The tender lists lot 1 only, and award 1 relates to lot 1.

Competition information

99% confidence

Number of bids and evaluation scores unknown

View supporting evidence

Information not supplied in the published record.

CONTRACT TERMS

Published contract terms

Term

99% confidence

16 September 2026 to 9 September 2030

View supporting evidence

Contract 1 period provides these start and end dates.

Performance metrics

98% confidence

No contract-level KPIs agreed; assignment-specific measures may be set where work packages are commissioned

View supporting evidence

The noAgreedMetricsRationale states that work packages vary and that proportionate KPIs will be established case by case where commissioned.

Minimum commitment

98% confidence

No minimum volume of work committed

View supporting evidence

The contract rationale explicitly says the call-off does not commit Ofgem to a minimum volume of work.

COMMERCIAL VIEW

Commercial observations

Demand flexibility

98% confidence

The ceiling value is not a guaranteed spend level because services are called off as required with no minimum volume.

View supporting evidence

The contract’s KPI rationale describes an as-required call-off arrangement with no minimum volume commitment.

Supplier role

96% confidence

The scope places the supplier in a central evaluation-coordination role across EPQ and ITT technical stages.

View supporting evidence

The description identifies the appointed advisor as Lead Evaluator and coordinator of technical and insurance advisers’ evaluation work.

ANALYSIS QUALITY

97%overall confidence

Confidence reflects the completeness and consistency of the published award data.

Reference: ocds-h6vhtk-05ef74
Analysed: 12 Oct 2026

APPROVED AWARD ANALYSIS

BUYER CONTEXT

Buyer context

Buyer

99% confidence

Ofgem

View supporting evidence

The published parties data identifies Ofgem as buyer.

Buyer type

98% confidence

Public authority – sub-central government

View supporting evidence

Ofgem’s party classification is recorded as publicAuthoritySubCentralGovernment.

Purpose

98% confidence

Support Ofgem’s OFTO regulatory duties and upcoming tender rounds

View supporting evidence

The procurement description states this purpose.

SUPPLIER CONTEXT

Supplier context

Supplier identity

99% confidence

CEPA LLP (Companies House number OC326074)

View supporting evidence

Supplier verification reports CEPA LLP as an exact-name match, with verified company number OC326074 and active status.

Supplier classification

97% confidence

SME

View supporting evidence

The supplier party details record scale as "sme".

RENEWAL OUTLOOK

Renewal outlook

Estimated re-procurement horizon

72% confidence

Around September 2030, subject to Ofgem’s future requirements

View supporting evidence

This is an estimate calculated from the explicit contract end date of 9 September 2030; no extension or renewal option is published.

DATA QUALITY

Gaps and source limitations

Value presentation

98% confidence

The published record provides both net and gross contract values; the award extract rounds the net value to GBP 7,916,666.

View supporting evidence

Award extract states GBP 7,916,666, while contract value.amount is GBP 7,916,666.67 and amountGross is GBP 9,500,000.

Lot detail

99% confidence

Lot 1 has no published title, description or standalone value.

View supporting evidence

Lot 1 fields for title, description and value are null.

Competition detail

99% confidence

Information not supplied in the published notice.

View supporting evidence

No bid count, bidder list beyond the winner, scoring or evaluation result is provided.

Extensions and renewal options

99% confidence

Information not supplied in the published notice.

View supporting evidence

No extension or renewal terms are stated in the supplied contract data.

SOURCE DATA LIMITATIONS

Information not supplied in the published notice

Lot 1 has no published title, description or individual value.
Information on bid numbers, unsuccessful suppliers, evaluation scores and award rationale was not supplied.
No extension or renewal option is published; the September 2030 re-procurement horizon is only an estimate based on the recorded end date.

MARKET THEMES

Relevant award themes

COMMON QUESTIONS

About this award

Who won Ofgem’s OFTO financial advisory contract?

CEPA LLP is the published and verified supplier for award 1 and lot 1.

What is the value of the Ofgem OFTO financial advisory contract?

The contract value is GBP 7,916,666.67 excluding VAT and GBP 9,500,000 including VAT.

When does the contract run?

The published contract period runs from 16 September 2026 to 9 September 2030.

Is the GBP 9.5m value guaranteed spend?

No. The contract is an as-required call-off arrangement with no stated minimum volume of work.

ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.

2025-087 Financial Advisors to OFTO Team for Tender & Policy

Opportunity overview

Awarded to

CEPA LLP

Classification

Lots

Documents and notices

Published notice details

Scope, procedure and submissions

Legal basis

Covered By

Lots and requirements

Published documents

Buyer, suppliers and contacts

Identifier

Address

Contact

Roles

Details

Classifications

Identifier

Address

Contact

Roles

Details

Award information

Items

Additional Classifications

Delivery locations

Suppliers

Related lots

Contracts and changes

Period

Value

Documents

Recorded locations

Notice and amendment history

Award intelligence at a glance

Published outcome signals

Traceable procurement data

Approved, evidence-bound analysis

Continue your research