Insurance Advice in Connection with an IAE Claim
OFGEM · London
Key facts
- Estimated value
- £25,000
- Closing date
- 18 Oct 2023
- Contract starts
- 22 Dec 2023
- Contract ends
- 21 Jun 2026
- Procedure
- Open procedure (below threshold)
- Buyer type
- Central government
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. Further information can be found in the attached document 2023-100 ITT.
Categories (CPV)
Similar open tenders
Digital Marketplace
Location: Yorkshire and the HumberBuyer: Yorkshire Purchasing Organisation
Open tenderCloses 6 Nov, 20261 dayValue £800.00mSource Find a TenderYPO are looking for a Provider to be appointed onto a Framework Agreement for the provision of a Digital Marketplace. The Framework is designed to meet the needs of all public sector organisations which includes YPO’s internal requirements. This Framework is designed to meet the needs of YPO and Other Contracting Autho
Fair Value & Expected Credit Loss
Location: West MidlandsBuyer: Warwickshire County Council
Open tenderCloses 27 Nov, 202622 daysValue £160.00kSource Find a TenderWarwickshire County Council (the Council) is seeking a single provider to produce annual reports detailing the fair value and expected credit loss of relevant non-treasury investments. Where deemed material, these valuations will be included in the Council's Annual Statement of Accounts. The maximum contract value ove
The Provision of Work Planning Software Application [642]
Location: IrelandBuyer: Commission for Regulation of Utilities
Open tenderCloses 30 Nov, 202625 daysValue €210.00KSource TEDThe CRU prepares a Strategic Plan on a three-year cycle and develops annual Work Plans to support delivery of its priorities, objectives and outcomes. Progress is monitored quarterly through Work Plan review reports and monthly through Focus Area Reports for selected highpriority programmes, projects and organisational
Insurance brokerage and associated services III
Location: Yorkshire and the HumberBuyer: Yorkshire Purchasing Organisation
Open tenderCloses 14 Dec, 202639 daysValue £10.00mSource Find a TenderYPO as the lead authority, together with collaborating authorities ESPO and NEPO, are seeking to establish a compliant route to market for the provision of insurance brokerage and associated services, for use across the whole public sector. YPO is managing this procurement process in accordance with the Procurement Act
York College - Provision of EV Cars Salary Sacrifice Scheme
Location: Yorkshire and the HumberBuyer: York College
Open tenderCloses 27 Nov, 202622 daysValue £4.00mSource Find a TenderYork College wishes to appoint a single supplier to deliver a fully managed Electric Vehicle (EV) Salary Sacrifice Scheme for eligible employees. The College's objectives are to: • Support net zero and sustainability commitments. • Enhance employee benefits, wellbeing, recruitment and retention. • Provide employees wit
LEGO299 End-to-End Reporting, Budgeting, Forecasting and Financial Reporting Solution
Location: West MidlandsBuyer: The Office for Legal Complaints
Open tenderCloses 30 Nov, 202625 daysValue £100.00kSource Find a TenderA fit-for-purpose budgeting, forecasting and financial reporting solution that automates LeO's existing Finance processes, integrates with relevant source systems and can be operated by Finance following implementation.