Award

Financial Advisory Services for Sizewell C

BUSINESS ENERGY AND INDUSTRIAL STRATEGY

This public procurement record has 1 release in its history.

Award

31 May 2022 at 12:12

Summary of the contracting process

The procurement process, initiated by the Business Energy and Industrial Strategy, involved the tender for Financial Advisory Services for Sizewell C. This project falls within the investment banking services category and was conducted under a limited procurement method, specifically an award procedure without prior publication of a call for competition. The contract, valued at £5,000,000, was signed on 9th May 2022, and the procurement was related to the capital structure and fundraising process for the Sizewell C project located in the UK. The tender stage is now complete, with Barclays Bank Plc being awarded the contract.

This tender presents significant opportunities for financial consultancy firms interested in public sector projects, particularly those with expertise in investment banking and financial advisory services. Businesses that could effectively compete in this process should have strong capabilities in assessing capital structures, fundraising processes, and making evidence-based judgments to enable sound investment decisions. The contract includes an initial period of 24 months with an option to extend by an additional 12 months, allowing for potential ongoing collaborations and engagement with the contracting authority.

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Notice Title

Financial Advisory Services for Sizewell C

Notice Description

HMG has identified a need to appoint a Financial Advisor 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 judgments 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.

Lot Information

Lot 1

Framework suppliers under the CCS Framework RM 6169 Lot 3 were invited to tender for the appointment a Financial Advisor 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 judgments 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.

Options: The Contract will be for an initial 24 months with an option to extend for 12 months

Procurement Information

This competition was under via the Crown Commercial Services Framework RM 6169 under Lot 3.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03420e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015208-2022
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66120000 - Investment banking services and related services

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£5,000,000 £1M-£10M

Notice Dates

Publication Date
31 May 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
8 May 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
BUSINESS ENERGY AND INDUSTRIAL STRATEGY
Contact Name
Moray Watson
Contact Email
moray.watson@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
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

BARCLAYS BANK

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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