Award

Financial Advisory Services for Sizewell C - Contract Variation

BEIS

This public procurement record has 1 release in its history.

Award

29 Nov 2023 at 11:49

Award Notice
Summary of the contracting process

The Department for Energy, Security and Net Zero (DESNZ) has awarded a contract for Financial Advisory Services for Sizewell C - Contract Variation to Barclays Bank Plc. The contract involves an increase of \u00a32.5 million in cost and an extension of the end date to 10/05/2025. The procurement stage was selective, with a call-off from a framework agreement. The contract falls under the financial consultancy services category and is located in London, United Kingdom. The contract period starts on 11th May 2022 and ends on 10th May 2025.

This tender presents opportunities for businesses specializing in financial advisory services to engage with the Department for Energy, Security and Net Zero. Companies with expertise in fundraising processes, capital raise management, and financial advice are well-suited to compete for this contract variation. The significant contract value of \u00a37.5 million, expanded scope, and extended timeline provide a lucrative growth opportunity for qualified firms in the financial consultancy sector.

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Notice Information

Notice Title

Financial Advisory Services for Sizewell C - Contract Variation

Notice Description

This is a variation of an existing contract between Barclays and the Department for Energy, Security and Net Zero (DESNZ). The existing scope of the contract is the provision of financial advisory services to i) assess, input, and challenge the design, management and execution of SZC's capital structure and fundraising process; and ii) provide advice in relation to key judgements and decisions that will be required from HMG in order for it to execute its policy objectives and make sound investment decisions that represent VfM for the taxpayer. DESNZ is amending the contract's scope to increase the scope of Barclay's work and responsibilities in relation to the capital raise process. The variation will include a 50% cost increase of PS2,500,000 and time extension of 12 months to 10/05/2025. - Original award total: PS5,000,000 excluding VAT - Variation 1: PS2,500,000 excluding VAT - Variation 2: Minor scope variation for this contract to fund an increased role in the capital raise process. - Variation 3: Original end date: 10/05/2024 New end date: 10/05/2025 - Modified award total: PS7,500,000 excluding VAT

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a99f1b56-b634-4598-865c-4f7e68ed9266
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/805e83fa-e108-4bdf-b3a9-2005b3ae0451
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£7,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£7,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
29 Nov 20232 years ago
Submission Deadline
10 May 2022Expired
Future Notice Date
Not specified
Award Date
10 May 20223 years ago
Contract Period
10 May 2022 - 10 May 2025 3-4 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
BEIS
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
SW1A 2AW
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
TLI London
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

BARCLAYS BANK

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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