UKCS Financial Resilience Modelling
Department of Energy & Climate Change · United Kingdom
Key facts
- Estimated value
- £100,000
- Closing date
- 08 Mar 2016
- Contract starts
- 18 Mar 2016
- Contract ends
- 30 Sep 2016
- Procedure
- Open procedure
- Buyer type
- Central government
Description
The Oil & Gas Authority (âOGAâ) wishes to commission a project to undertake financial resilience modelling for UK Continental Shelf license holders and assets. The purpose of this engagement is to build a tool that enables the OGA to better understand the financial health of the UKCS licensees and their capacity to withstand continued low oil and gas prices. The tool should also model the additional strain on Licensees from financial and physical interdependency, so as to enable the OGA to understand the impact of low Licensee resilience on its partners, assets and infrastructure. This tool will ensure that the OGA is fully informed of the consequences of its decisions, to be made in the interest of HMG, MER UK and all interested parties.
Additional information: How to Apply If you wish to take part in this procurement please see the attached Tender documents attached to this Notice and send your completed Proposal to David Wilson at address stipulated in the âWho to Contactâ section. Any late submissions will not be considered. OGA reserves the right to halt the procurement process and to not award a contract. OGA will not be held liable for recovery of costs from unsuccessful bids if a contract is not awarded. All costs will be borne by the bidding organisations. If a contract is created it will be upon DECC Standard Terms and Conditions, which are available on Contracts Finder with this Tender. Completed tender submission must be returned by post to OGA, address given at the top of this advertisement, by 8 March 2016 17.00 hours 2016. We require 3 hard copies (one of which must be signed). Electronic versions of your bids are to be sent AFTER the deadline to [email protected]). After reviewing and evaluating the written proposals, OGA may decide to hold bid clarification meetings with suppliers. If successful and upon contract signature, the supplier is expected to attend a kick-off meeting taking place after 8 March 2016. Project completion is required by September 2016.
Categories (CPV)
- 73300000 Design and execution of research and development
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