Insurance Advice in Connection with an IAE Claim
key details
| Value | £30,000 |
|---|---|
| Status | complete |
| Category (CPV) | 66000000 +1 more |
| Deadline | 18 Oct 2023 |
| Contract start | 22 Dec 2023 |
| Contract end | 21 Jun 2026 |
| Procedure | open |
| SME suitable | Yes |
| OCID | ocds-b5fd17-a757cda8-2a54-453b-afdc-cb593041f535 |
Award
| Supplier | Value | Date | Status |
|---|---|---|---|
| Indecs Consulting Limited | £30,000 | 20 Dec 2023 | active |
description
Ofgem require insurance expertise to provide urgent and crucial advice in respect of matters in connection with the offshore transmission insurance market to be determined in relation to any claim for a revenue adjustment claim (an "IAE claim") from an Offshore Transmission Owner ("OFTO"). To make a determination, Ofgem require expert advice on various questions relating to insurance issues pertinent to making this decision. The questions will focus on whether OFTO could have secured LEG3/06 or equivalent insurance protection (defined later in this section) in the worldwide insurance market.
The OFTO Licence provides the OFTO with a revenue stream in respect of the offshore transmission system for up to 25 years. That revenue stream includes mechanisms which adjust the OFTO's revenue for certain 'pass-through' items, under Amended Standard Condition E12-J3: Restriction of Transmission Revenue: Allowed Pass-through Items (the Condition). The IAE is one such revenue adjustment mechanism for costs and expenses that have arisen during the revenue term, for example, due to fault or failure of the system (subject to defined pre-requisites), or at the Authority's discretion.
documents
- https://www.contractsfinder.service.gov.uk/Notice/0d5ab1fa-2001-42f2-b8f0-a22e1466690a , tenderNotice
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=SEP167069 , tenderNotice
Documents are linked, not mirrored. They are served by the publishing authority and may require registration.
notice history
2 notices published against this procurement.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 18 Sept 2023 | Tender (tender) | · | 0d5ab1fa-2001-42f2-b8f0-a22e1466690a-681533 |
| 22 Dec 2023 | Award (award) | · | 1f79cd9d-809d-4bdc-93b7-c58cf6572941-710077 |
more from Ofgem
- 2026-003 Software and Hardware Asset Management System · £131,142 · 22 Jul 2026
- 2026-022 HR and Payroll Software (iTrent) · £885,000 · 22 Jul 2026
- 2026-050 Recruitment Campaign for CEO · £78,000 · 12 Jun 2026
- 2026-029 Social Media Listening Tool · £128,640 · 12 Jun 2026
- 2026-051 Recruitment Campaign for Chief Economist · £52,000 · 12 Jun 2026
- 2026-002 Locational Analytic Licenses · £100,000 · 4 Jun 2026
- 2026-016 Legal Support for CSR Project · £120,000 · 19 May 2026
- 2025-102 Corporate Responsibilities Project - Strategy and Policy Review · £148,452 · 19 May 2026
all contracts from this buyer →
similar contracts awarded
Other awarded contracts in the same category. Useful for seeing who normally wins this kind of work, and at what value.
- Bill Payments · South Tyneside Borough Council · £267,985
- Award of Engagement and Voting Services using Further Competition CT1655 · The City of Edinburgh Council · £630,000
- Insurance Claims Handling Legal Services · Sunderland City Council · £240,000
- Insurance Services · Suffolk County Council · £6,627,500
- Childcare Voucher Scheme · United Lincolnshire Teaching Hospitals NHS Trust · £63,744
- Electronic Payment Services Apr26 - Stoke on Trent City Council - awarded · NORTHERN HOUSING CONSORTIUM LIMITED · £210,092
- Early Supplier Payment · The Royal Borough of Kingston upon Thames · £660,000
- North Northamptonshire Council - Electronic Payment Services · North Northamptonshire Council · £122,450
source
Published on Contracts Finder. Contact details for named individuals are not reproduced on this site.