Contracts Finder · Award
Gas Flexible Purchase
A public procurement published by City of London Corporation via Contracts Finder.
- £4.6m
- Award value
- £4.6m
- Tender value
- 1
- Suppliers
- 1
- Awards
- 1
- Notices
- Award
- Stage
Overview
The Authority require a contract to include all gas meters, for a 3 year period commencing on the 1.10.2018.The contract is to be based on a 28 day BACs payment terms with no requirement for credit mitigation. The settlement of the contract is to be based on a minimum +/-20 % annual volume tolerance with a 3 year fixed shape/swing premium. The management fee should also be fixed for the contract duration. A flexible contract is required to allow the Authority to purchase the commodity costs via OTC (over the counter) pricing through traders at Mitie Energy's Risk Management Team. Options around ability to fix/unfix, purchase at day ahead indices, and reforecast volumes will be required.…
Key details
- Source
- Contracts Finder
- Lifecycle stage
- Award
- Status
- complete
- CPV classification
- 09000000 — Petroleum products, fuel, electricity and other sources of energy
- Currency
- GBP
- Total award value
- £4,598,961
- Tender value
- £4,598,961
- First published
- 17 Oct 2018
- Last updated
- 17 Oct 2018
Awards
1 award recorded on this procurement.
| Supplier | Companies House | Awarded | Status | Value |
|---|---|---|---|---|
| Total Gas and Power Ltd | — | 8 Aug 2018 | active | £4.6m |
Notice timeline
Every published notice in this procurement's lifecycle.
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Frameworks & programmes
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FAQs about this procurement
Who is the buyer for "Gas Flexible Purchase"?
Gas Flexible Purchase is a UK public-sector procurement published by City of London Corporation via Contracts Finder.
Has "Gas Flexible Purchase" been awarded?
Yes — 1 award is recorded, with a reported total value of £4,598,961. The current lifecycle stage is "Award".
Which suppliers are involved in "Gas Flexible Purchase"?
1 supplier is linked: Total Gas and Power Ltd.
What is "Gas Flexible Purchase" worth?
The reported award value is £4,598,961.
When was "Gas Flexible Purchase" published?
It was first published on 17 Oct 2018 and last updated on 17 Oct 2018, across 1 notice.
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