Ofgem · Awarded contract
Awarded

Insurance Advisory Services for Ofgem's IAE Claim Determination

Awarded 22 Dec 2023

View live tenders
Awarded22 Dec 2023
Value£30,000.00
AgencyOfgem
RegionUnited Kingdom
CategoryFinance & Insurance
Ended 5mo ago2y 6mo term
Awarded 22 Dec 2023Expired 20 June 2026

Ofgem awarded a contract to Indecs Consulting Limited for insurance expertise to provide urgent and crucial advice on matters related to the offshore transmission insurance market, specifically to inform a determination on any claim for a revenue adjustment claim (an "IAE claim") from an Offshore Transmission Owner ("OFTO").

The advice focused on whether an OFTO could have secured LEG3/06 or equivalent insurance protection in the worldwide insurance market, addressing various insurance issues pertinent to the decision.

The contract value was AUD 30,000.

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