Award

Consultant Negotiator Supporting Voluntary Bilateral Contract For Difference

DEPARTMENT FOR BUSINESS, ENERGY & INDUSTRIAL STRATEGY

This public procurement record has 1 release in its history.

Award

11 Oct 2022 at 15:20

Award Notice
Summary of the contracting process

The Department for Business, Energy & Industrial Strategy has awarded a contract to GETF Services for the provision of expert senior commercial advice and acting as the senior commercial negotiator in discussions with energy generators. The contract falls under the financial consultancy services category and has a value of £45,000. This direct procurement process was a single tender action below threshold, with the tender period ending on 16th September 2022 and the contract period running from 19th September 2022 to 30th November 2022. The location of the procurement is in London, and the main procurement category is services.

This contract presents an opportunity for small and medium-sized enterprises (SMEs) in the financial consultancy sector to participate. SMEs with experience in providing senior commercial advice and negotiating with energy sector companies may find this tender particularly suitable. The urgency of the work and the specific expertise required make it an ideal opportunity for SMEs with a background in energy policy and commercial negotiation to contribute to government objectives in the context of the current energy crisis and price fluctuations in the market.

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Notice Information

Notice Title

Consultant Negotiator Supporting Voluntary Bilateral Contract For Difference

Notice Description

Contract award notice between BEIS and GETF Services to provide: expert senior commercial advice and act as the senior commercial negotiator in discussions with energy generators. This input will significantly strengthen the credibility and commercial expertise of the government's negotiating team in discussions with energy generators, and play a core role in devising and delivering the government's negotiating strategy. This expert senior commercial advice will also help inform the policy design and structure of the CfD agreement - to ensure the best VFM outcome for consumers/taxpayers. Additional information: The government is faced with an energy crisis due to global gas prices increasingly massively, in large part because of Russia's invasion of Ukraine and subsequent reduction in gas output. This increased gas price is flowing through to the electricity market and non-gas fired generators are now benefiting from extraordinarily high electricity prices when their cost of operation is unchanged. Under the direction of Ministers, officials have been instructed to seek to negotiate revised contracts for difference with renewables obligations generators to sever the link between electricity and gas prices to reduce consumer bills as soon as possible. This needs to be undertaken at great pace to mitigate costs this winter, meaning negotiations are already under way. This will require deep policy development and analysis to bring together policies that can deliver on government's objectives. However, it will also require deep commercial energy expertise and commercial negotiation experience. Whilst officials under the direction of Ministers will oversee and direct negotiations this individual will bring his decades of commercial experience in the energy sector to bear in negotiations to challenge senior energy company executives (CEO level), sell the benefits of the government proposal and set out the commercial realities of a failure to accept. He will also play a key role in shaping negotiating strategy ahead of such sessions. This individual is exceptionally well placed to do this having consulted across and negotiated with the commercial energy sector for decades and has previous experience of supporting government policy development at the highest levels. He also has strong existing relationships with the analytical teams being utilised to support the policy development. Given the urgency and specificity of the work we were justified in awarding under regulation 32 of the Public Contract Regulations.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9fac3548-e0b2-4e03-9a19-f7687db26c84
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/28b0deea-7e42-4614-ab50-6b33b186fce9
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£45,000 Under £100K
Lots Value
Not specified
Awards Value
£45,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Oct 20223 years ago
Submission Deadline
16 Sep 2022Expired
Future Notice Date
Not specified
Award Date
18 Sep 20223 years ago
Contract Period
18 Sep 2022 - 30 Nov 2022 1-6 months
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
DEPARTMENT FOR BUSINESS, ENERGY & 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

GETF SERVICES

Further Information

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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