Award

CCUS Development: Corporate Finance Advisors

BUSINESS ENERGY AND INDUSTRIAL STRATEGY

This public procurement record has 1 release in its history.

Award

26 May 2020 at 09:26

Award Notice
Summary of the contracting process

The Business Energy and Industrial Strategy (BEIS) is seeking to appoint financial advisors for the development of carbon capture, usage, and storage (CCUS) within the UK. This tender, titled "CCUS Development: Corporate Finance Advisors", falls under the financial consultancy services industry category and has a contract value of £3,000,000. The procurement process was conducted using a selective method, specifically through a call-off from a framework agreement, with the tender period concluding on 4th March 2020. The contract runs from 5th May 2020 to 29th April 2022 and is situated in the United Kingdom.

This contract presents substantial opportunities for businesses specialising in financial consultancy and management services to grow, particularly for SMEs and VCSEs. Companies that can provide commercial and financial advisory support, as well as those capable of engaging with CCUS projects and developers, would be well-positioned to compete for such contracts. The focus on creating a viable CCUS work programme highlights the ongoing investment in sustainable technologies within the energy sector, offering a promising landscape for related business ventures.

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Notice Information

Notice Title

CCUS Development: Corporate Finance Advisors

Notice Description

BEIS were seeking to appoint a Financial Advisor(s)in relation to the development of carbon capture, usage and storage (CCUS) in the UK. The successful contractor (which could be a sole contractor, consortium or contractor/subcontractor(s) arrangement) would: - Support the design of a CCUS work programme to enable deployment during the 2020s; - Provide advisory support on the commercial and financial considerations for CCUS business models and implications for associated policy development; and - Provide advisory support on any potential commercial engagement with CCUS projects and developers.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4806bd26-dc24-4b52-a48e-d7c201a95570
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d9e89984-0e57-4e97-b245-51a8a73984e8
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66171000 - Financial consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£3,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
26 May 20205 years ago
Submission Deadline
4 Mar 2020Expired
Future Notice Date
Not specified
Award Date
25 Mar 20205 years ago
Contract Period
4 May 2020 - 29 Apr 2022 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BUSINESS ENERGY AND INDUSTRIAL STRATEGY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1H 0ET
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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