Value for Money Assessment of Major Water Infrastructure Programme

This is an opportunity to conduct a comprehensive Value for Money (VfM) appraisal of the Major Water Infrastructure Programme (MWIP). The work involves identifying, testing and prioritising cost reduction opportunities and VfM improvements across the programme, with particular focus on decisions that can influence cost, schedule, risk and deliverability in early project stages. The assignment will be delivered in two stages. Stage 1 provides a programme-wide VfM assessment covering identified VfM drivers and prioritising credible opportunities for further investigation. Stage 2 (to be commissioned separately) will develop, evidence and unlock priority opportunities through targeted technical, commercial or delivery assessments as needed. Key responsibilities include: identifying VfM drivers across MWIP; challenging and refining opportunities through expert input; quantifying potential benefits including cost and schedule savings; assessing priorities against cost, schedule, risk, deliverability and commercial implications; identifying assumptions, evidence gaps and risks; and recommending practical next steps. The supplier must deliver a VfM Appraisal Report and Prioritised VfM Opportunity Matrix within a 5-week timeframe, providing Ofwat and stakeholders with a robust evidence base to support investment decisions.