# Revenue Term Policy Review & Marketing and Investor Engagement Support

> A sourced UK public sector contract award published by PROACTIS TENDERS LIMITED MYT.

## Key facts

- Buyer: PROACTIS TENDERS LIMITED MYT
- Supplier: [Smith Square Partners Llp](/suppliers/smith-square-partners/public-sector-contract-awards)
- Award value: £100,000
- Tender value: £100,000
- Award date: 19 December 2023
- Published: 23 January 2024
- Contract start: 21 December 2023
- Contract end: 20 December 2024
- Stage: awarded
- Procurement category: services
- Notice ID: 085244ba-10ff-40eb-aa04-1fabef532f4b-714224
- OCID: ocds-b5fd17-7bc8bb91-c948-42e5-8c0f-4ff8531ee0c7

## Description

Ofgem require consultants to conduct work related to the Revenue Term policy for the Offshore Transmission Owner \(OFTO\) Regime which has evolved over a series of tender rounds\. Prior to Tender Round 6 TR6, the policy was a ~ 20-year Tender Revenue Stream \(TRS\)\. Since TR6, the revenue term has increased to ~ 25 years \(the exact term can vary project to project\)\. There has been a number of considerations that have impacted Ofgem's choice of the appropriate revenue term policy for OFTO, notably: the expected life of offshore windfarms; the expected technical life of OFTO assets; precedent of the revenue term in other contexts \(e\.g\. Private Finance Initiative\); the attractiveness of different revenue terms to different financing solutions\. Ofgem required a study to be created that reviewed the impact of moving to a 30-year \(or longer\) TRS\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/085244ba-10ff-40eb-aa04-1fabef532f4b-714224)