Award

Financial experts on due diligence for hydrogen projects assessment and negotiation (Secondary Supplier)

DESNZ

This public procurement record has 4 releases in its history.

AwardUpdate

05 Sep 2024 at 10:51

AwardUpdate

05 Sep 2024 at 10:48

AwardUpdate

05 Sep 2024 at 10:47

Award

05 Sep 2024 at 10:41

Summary of the contracting process

The Department for Energy Security and Net Zero (DESNZ) has awarded a contract titled "Financial experts on due diligence for hydrogen projects assessment and negotiation (Secondary Supplier)" under the industry category of Financial Consultancy Services (CPV code 66171000). The contract, awarded through a selective procurement method via a call-off from a framework agreement, was completed with procurement stages including planning, tender, and award. The tender closed on 15 March 2024, with the contract period set to run from 9 August 2024 to 22 July 2027. The project is based in London, United Kingdom, with delivery addresses specified in the SW1A 2EG postal code. Key dates include 9 August 2024, when the award was activated, and 5 September 2024, when the award was published.

This tender provides significant opportunities for large-scale businesses, particularly those specialising in commercial and financial consultancy for renewable energy projects, to establish and expand their portfolios. Given its focus on due diligence for hydrogen projects, companies with expertise in financial assessments, negotiations, and sustainable energy solutions are well-suited to compete. The contract awarded to PricewaterhouseCoopers LLP, a large-scale supplier, highlights the potential for substantial projects and collaborations in the sustainable energy sector. The absence of SME and VCSE suitability suggests that well-established firms with robust capacities in financial consultancy services would be ideal candidates for similar opportunities in the future.

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Notice Title

Financial experts on due diligence for hydrogen projects assessment and negotiation (Secondary Supplier)

Notice Description

Commercial/Financial experts to undertake due diligence for hydrogen projects assessment and negotiations.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f8d66842-c1c7-4f76-9c87-cc1b23f56a09
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/55c3bb5f-ce84-4d40-9c84-12926216cab5
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
Not specified
Lots Value
Not specified
Awards Value
£8,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
5 Sep 20241 years ago
Submission Deadline
15 Mar 2024Expired
Future Notice Date
Not specified
Award Date
8 Aug 20241 years ago
Contract Period
8 Aug 2024 - 22 Jul 2027 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
DESNZ
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 2EG
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

PRICEWATERHOUSECOOPERS

Further Information

Notice Documents

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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