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External Advisor on Valuations

Department for Energy Security and Net Zero

This public procurement record has 1 release in its history.

AwardUpdate

20 Nov 2025 at 09:38

Award Notice
Summary of the contracting process

The Department for Energy Security and Net Zero, headquartered in London, has awarded a contract titled "External Advisor on Valuations" under the industry category of Financial and Insurance Services (CPV 66000000). The procurement process, initiated as a tender, is in the contract award stage with the contract status marked as active. This service contract, valued at £675,000, commenced on the 21st of June 2024 and will conclude on the 11th of June 2027. It involves delivering advisory services across the UK related to independent valuations and expert evidence, primarily focusing on the Small Modular Reactor Technology Selection Process.

This tender presents significant growth opportunities for businesses specialising in financial advisory services, particularly those with experience in handling valuations and litigation support in complex projects. Large consultancy firms with a proven track record in providing strategic economic advice would find this contract particularly beneficial. As a supplier, NERA UK Limited has already been selected for its expertise, thus offering a benchmark for potential competitors looking to engage in future opportunities with the Department for Energy Security and Net Zero or similar government bodies.

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Notice Information

Notice Title

External Advisor on Valuations

Notice Description

Lot Information

External Advisor on Valuations

The scope of the contract as as a minimum included the following: Preparation of a report to DESNZ summarising the independent valuation, on which the department may be able to place reliance, and that may (i) be used to support internal investment decisions and (ii) also, as necessary, be provided to the CMA. Further update to this report following outcomes of negotiations with suppliers of the Small Modular Reactor Technology Selection Process will be required. Where considered appropriate, expert evidence - should any litigation arise - in a Competition Appeal Tribunal or other equivalent formal dispute.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05e4fa
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/075483-2025
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

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£675,000 £500K-£1M

Notice Dates

Publication Date
20 Nov 20259 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
12 Jun 20242 years ago
Contract Period
21 Jun 2024 - 11 Jun 2027 2-3 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
Department for Energy Security and Net Zero
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
1
Supplier Name

NERA UK Limited

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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