Independent Review of Financial Model
What the buyer wrote
In setting price limits every 5 years, we have regard to our duties laid down in section 2 of the Water Industry Act 1991 as amended by subsequent Acts. In summary our main statutory duties are to: • protect the interests of consumers, wherever appropriate by promoting effective competition; • secure that the companies properly carry out their functions; • secure that the companies can finance the proper carrying out of their functions, and • secure long-term resilience. To enable us to meet our duties and set price limits Ofwat uses a bespoke financial model. For PR14 Ofwat developed its financial model in partnership with PwC. The PR14 financial model had three purposes: • To …
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Awarded to
Details
- What the buyer calls it
- Independent Review of Financial Model
- How they are buying
- Called off an existing agreementThe work went to a supplier already on a framework or dynamic market.
- Type
- services
- Suitable for small firms
- The buyer says yes. What that is worth
- Work starts
- 13 Dec 2017
- Work ends
- 28 Feb 2018
Who the buyer named
The buyer published a contact address on this notice.