Award

Lot 2: Finance Advisor Services for Sizewell C (via RM6187 Management Consultancy Framework 3 Lot 4 - Finance)

BUSINESS ENERGY AND INDUSTRIAL STRATEGY

This public procurement record has 2 releases in its history.

AwardUpdate

30 Jan 2023 at 14:39

Award

23 Dec 2022 at 13:16

Summary of the contracting process

The Business Energy and Industrial Strategy (BEIS) has awarded a contract for Lot 2: Finance Advisor Services for Sizewell C project to Price Waterhouse Coopers Llp. The procurement process was classified as financial management consultancy services and followed a selective procurement method, with a contract value of £3.9 million. The tender period ended on December 11, 2022, and the contract is set to start on December 12, 2022, lasting until December 11, 2024. The procurement was carried out through a call-off from a framework agreement in England.

This tender for finance advisor services presents a business growth opportunity for firms specializing in financial management consultancy services. Small and medium-sized enterprises (SMEs) in the United Kingdom with expertise in providing technical, financial, and project management support could compete for similar contracts in the future. By participating in tenders like this, businesses can gain valuable experience, expand their client base, and contribute to critical projects such as the Sizewell C development under the BEIS's supervision.

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Notice Title

Lot 2: Finance Advisor Services for Sizewell C (via RM6187 Management Consultancy Framework 3 Lot 4 - Finance)

Notice Description

The BEIS Sizewell C (SZC) Project team sought to re-procure new contracts for the provision of technical, financial and project management support services to support the SZC Project. These are to replace the current contracts in place, which expire / reach their maximum value from October - December this year. Due to the complexity of a new nuclear build and potential funding mechanisms requiring specialist external skills and experience, these advisory services are a critical enabler to the financing and technical workstreams and essential to the continued development of the SZC project. This capability will support BEIS to gain assurance of the SZC project capability, delivery and overall cost and risks to substantiate a credible basis of any further investment and provision of support mechanisms. To deliver BEIS' ambition for SZC, specialist capability is sought from external technical, financial and other advisors, building on the models and work already implemented, to continue support in providing assurance of a credible and competent SZC project to enable a Final Investment Decision.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bf6a4541-e690-4773-bf54-7aaafa5cc2cd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/05c9d46d-eba6-4559-bff2-07fb2478875e
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
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£3,900,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,900,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
30 Jan 20233 years ago
Submission Deadline
11 Dec 2022Expired
Future Notice Date
Not specified
Award Date
12 Dec 20223 years ago
Contract Period
12 Dec 2022 - 11 Dec 2024 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
BUSINESS ENERGY AND INDUSTRIAL STRATEGY
Contact Name
Natasha Mardinian
Contact Email
natasha.mardinian@beis.gov.uk
Contact Phone
Not specified

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
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

PRICE WATERHOUSE COOPERS

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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