Advisory Services for Ofwat's Response to CMA Provisional Findings on 2019 Price Review
Water Services Regulation Authority (Ofwat) · Awarded contract
AwardedAdvisory Services for Ofwat's Response to CMA Provisional Findings on 2019 Price Review
Awarded 04 Oct 2020
Awarded04 Oct 2020
Value£20,000.00
SupplierSeth Armitage
RegionWest Midlands
CategoryConsultancy & Legal
Ended 5y 12mo ago2mo term
Awarded 4 Oct 2020Expired 30 Nov 2020
About
Water Services Regulation Authority (Ofwat) awarded a contract to Seth Armitage for consultancy services to review issues related to the allowed return in the Competition and Markets Authority's provisional findings report on Ofwat's 2019 Price Review, in response to four water companies' appeal.
The services included commenting on the risk-free rate, total market return, volatility bias adjustment, aiming up, and the gearing outperformance mechanism, with reference to the Modigliani-Miller theorem.
Deliverables comprised a report of professional opinion and findings, a draft by 9am on 19 October 2020, a final report by 9am on 26 October 2020, potential videolink attendance at hearings, and follow-up work.
The contract value was £20,000.
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