# Risk and return support for CMA referrals

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Water Services Regulation Authority \(Ofwat\)](/buyers/water-services-regulation-authority-ofwat/contract-awards)
- Contract winner: Eversden Economics Ltd
- Award value: £25,000
- Tender value: £25,000
- Award date: 5 October 2020
- Published: 4 February 2021
- Contract start: 6 October 2020
- Contract end: 30 November 2020
- Stage: awarded
- Procurement category: services
- Notice ID: f074e592-892e-48db-8c13-68f1e5fbb336-410735
- OCID: ocds-b5fd17-a4c5431e-7027-4dfb-b989-105ad6b70c73

## Description

Review of issues related to the allowed return in the CMA's provisional findings report on Ofwat's 2019 price review in response to four companies' appeals, including: Review of estimation windows for cost of capital data Total market return - comment on use of inflation, gearing assumption and volatility adjustment Equity beta - comment on estimation windows, data frequency and the gearing assumption Cost of debt - comment on the estimation window and the outperformance adjustment Aiming up - comment on the CMA's approach to aiming up and interaction with financeability Risk free rate - comment on appropriate use of parameters to calculate the risk free rate Additional information: For further information, please contact procurement@ofwat\.gov\.uk

## Related contract awards

- [Ofwat Innovation Fund delivery partner 2025-30](/contracts/ocds-b5fd17-f5b314d0-3c71-4af5-8083-8484cbde4dbd): Water Services Regulation Authority \(Ofwat\)
- [Delivery Partner for Price Review 2024](/contracts/ocds-b5fd17-ac353536-07a3-46e6-998c-cd4aa1eef82d): Water Services Regulation Authority \(Ofwat\)
- [Interim Learning and Organisation Development Partner](/contracts/ocds-b5fd17-26609017-ddff-44d1-a244-274b27d17fa9): Water Services Regulation Authority \(Ofwat\)
- [Risk & Return Advice 2024 - 2027](/contracts/ocds-b5fd17-b29f30cf-96a6-4aff-9026-589654dedba1): O F W A T
- [Risk and Return Advisors](/contracts/ocds-b5fd17-14414aad-874a-472b-97fb-dedfb6246459): O F W A T
- [Advice on financial resilience and highly geared companies](/contracts/ocds-b5fd17-8abea37b-0a2b-4eff-87dd-e6aa4043ac31): O F W A T

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/f074e592-892e-48db-8c13-68f1e5fbb336-410735)