Award

Financial Advisory Services- Assessing a Potential Investment in a Launch Company UKSAC24_0080

UK SHARED BUSINESS SERVICES LIMITED

This public procurement record has 1 release in its history.

Award

17 Oct 2024 at 13:08

Award Notice
Summary of the contracting process

The UK Space Agency, supported by UK Shared Business Services Limited, has awarded PricewaterhouseCoopers a contract under the CCS Management Consultancy Framework RM6187 Lot 4. The project, titled "Financial Advisory Services- Assessing a Potential Investment in a Launch Company UKSAC24_0080," falls under the Business and Management Consultancy services category. The contract, valued at £247,500, will span from 30th September 2024 to 11th February 2025, with services focusing on the financial health assessment and investment viability of Orbex, particularly in relation to the Sutherland Spaceport and the Prime launch vehicle. The procurement was conducted via a mini competition using a selective method.

This tender presents vital business growth opportunities, especially for firms in the financial advisory and consultancy sector with experience in space technology investments. SMEs are particularly invited, as the procurement process prioritised their participation. Companies capable of providing robust financial assessments, investment advice, and compliance insights will find this contract aligns well with their expertise. Engaging in such high-profile governmental projects may also enhance firms' reputational capital and open doors for future government contracts.

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Notice Information

Notice Title

Financial Advisory Services- Assessing a Potential Investment in a Launch Company UKSAC24_0080

Notice Description

*** THIS IS AN AWARD NOTICE, NOT A CALL FOR COMPETITION *** This procurement is being concluded following a mini competition under the CCS Management Consultancy Framework RM6187 Lot 4 Brief Description of Requirement Introduction The UK Space Agency inspires and leads the UK in space to benefit our planet and its people. It is an executive agency, sponsored by the Department for Science, Innovation and Technology. It plays a major role in delivering the government's National Space Strategy and supports a thriving space sector in the UK, which generates an annual income of PS17.5 billion and employs 48,800 people across the country. Staff include scientists, engineers, commercial experts, project managers and policy officials who help to: * catalyse investment to support projects that drive investment and generate contracts for the UK space sector. * deliver missions and capabilities that meet public needs and advance our understanding of the Universe. * champion the power of space to inspire people, offer greener, smarter solutions, and support a sustainable future. To achieve the greatest impact in these three areas, the UK Space Agency focus's most of its resource behind eight delivery Priorities. These are: * Launch: supporting satellite launch services from UK spaceports. * Sustainability: taking a leading role in keeping space safe and accessible now and in the future. * Discovery: supporting space science and exploration missions. * Innovation: investing in bold new technologies. * Levelling-up: boosting space investment and jobs across the country. * Earth observation: studying our planet to drive discovery and tackle climate change. * Low-Earth orbit: delivering vital everyday satellite services. Inspiration: inspiring new space customers, investors and the next generation. Aims & Objectives * To inform UKSA, DSIT (and wider Government) understanding of Orbex's financial health including long term viability, business and investment plans, risks to successful completion. * To clarify the funding need and validate that all levers including third party financing options, will be, or have been exhausted and addressed prior to evaluation HMG intervention options. * To advise on the suitability of funding mechanisms and subsidy control compliance * Evaluation of the potential impacts of an HMG investment (inc. alongside other private investors) to secure Orbex the funding it needs to secure operational readiness of Sutherland Spaceport, and first launch of Orbex's Prime launch vehicle. Additional information: *** THIS IS AN AWARD NOTICE, NOT A CALL FOR COMPETITION ***

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b79b0921-6c3e-4f9f-925d-a89d4b4f8e0f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fccacee7-eab3-44f4-8916-78a6d522059c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£250,000 £100K-£500K
Lots Value
Not specified
Awards Value
£165,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Oct 20241 years ago
Submission Deadline
10 Sep 2024Expired
Future Notice Date
Not specified
Award Date
14 Oct 20241 years ago
Contract Period
29 Sep 2024 - 23 Dec 2024 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
UK SHARED BUSINESS SERVICES LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWINDON
Postcode
SN2 1UH
Post Town
Swindon
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
Not specified
Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
1
Supplier Name

PRICEWATERHOUSECOOPERS

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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