Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Financial Advisor for GBN / DESNZ

DESNZ & DSIT Group Commercial

This public procurement record has 2 releases in its history.

AwardUpdate

30 Jun 2025 at 12:52

Award Notice
AwardUpdate

20 Nov 2024 at 15:08

Award Notice
Summary of the contracting process

The Department for Energy Security and Net Zero (DESNZ), in collaboration with the DSIT Group Commercial, is overseeing a procurement process for financial advisory services. The tender title is "Financial Advisor for GBN / DESNZ," focusing on financial consultancy and management within the services category. The procurement process is currently at the Award stage, with an active contract modification undertaken on 6th June 2025 to extend services related to the GBN Small Modular Reactor Technology Selection Process. The associated contract, originally signed on 30th May 2023, is valid until 29th May 2027, with contract services available throughout the UK. Modification amendments have uplifted the contract value to £16,100,000 to ensure continuity of service without interruptions until the conclusion of key workstreams.

This tender presents significant business growth opportunities for financial consultancy firms with expertise in the energy sector. Given the technical and economic nature of the services required, larger consulting firms like Deloitte LLP have successfully positioned themselves to manage these complex demands. Businesses capable of providing expert financial advisory services, particularly those with robust infrastructure to support long-term government projects, are well-suited to compete. Continuity and depth of understanding of DESNZ's objectives and nuclear energy policies are essential for maintaining ongoing roles in facilitating the implementation of the Small Modular Reactor Technology Selection Process.

How relevant is this notice?

Notice Information

Notice Title

Financial Advisor for GBN / DESNZ

Notice Description

Lot Information

Great British Nuclear (GBN) Financial Advisor

This is a modification to an existing contract between the Department for Energy Security and Net Zero and Deloitte LLP. The scope of the contract is for the provision of financial advisory services to the DESNZ GBN Sponsorship and Policy team. Additional services have become necessary to enable continued access to the contract services until the conclusion of the GBN Small Modular Reactor Technology Selection Process. The modification is composed of an uplift in the value of the contract of PS2,600,000 under Regulation 72 (1) (b) and 72 (2) of the Public Contracts Regulations 2015.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04bd5b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/036076-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

CPV Codes

66171000 - Financial consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£29,600,000 £10M-£100M

Notice Dates

Publication Date
30 Jun 20251 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
30 May 20233 years ago
Contract Period
30 May 2023 - 29 May 2027 4-5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DESNZ & DSIT Group Commercial
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
Postcode Area
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
2
Supplier Names

Deloitte LLP

Delottie LLP

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...