Ofwat has announced that it will be awarding the delivery partner contract to support the 2019 Price Review to a consortium led by PwC.

The water industry regulator said the consortium, which includes MottMacDonald and EuropeEconomics, had won the contract following the outcome of a competitive procurement process.

Ofwat appointed PwC as its delivery partner in the previous 2014 Price Review. At the time the value of the delivery partner contract to support the price review was put at up to £6.45 million, with an additional maximum possible incentive payment of £701,000.

Water sector regulator Ofwat has launched an early engagement market sounding exercise to judge interest from potential suppliers to select its Delivery Partner for the 2019 Price Review.

When the contract went out to tender in April last year, Ofwat said the work required to carry out for a price review requires a peak of resource within Ofwat, both in terms of absolute numbers and specific skillsets. The regulator said it anticipated a need for between 10 and 20 full time equivalents professionals across the course of PR19.

In September last year the Financial Times newspaper reported concerns that PwC faced potential conflicts of interest over its role as advisor to Ofwat while also working for several water and sewage companies.