Tender: Independent Monitor for Thames Water Turnaround Programme – Ofwat

About

Ofwat is seeking a supplier for an Independent Monitor to provide independent monitoring, analysis and reporting on Thames Water's turnaround programme, financial resilience and compliance with undertakings accepted following a breach of licence condition P26. The IM will monitor and assess Thames Water's progress on governance, operational performance, financial resilience, transformation activities, capital delivery, asset management and regulatory submissions, identify and report material risks and issues, and provide independent evidence and analysis to support Ofwat's oversight and decision-making. The role will operate in a dynamic, scalable way with the nature, scope and intensity of activities able to increase or decrease during the contract term; the IM will act independently of Thames Water, report and provide recommendations to Ofwat only, and the costs of the IM will be met by the Company.