---
title: "Financial Advisory Services for Sizewell C - Contract Variation"
ocid: "ocds-b5fd17-a99f1b56-b634-4598-865c-4f7e68ed9266"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-a99f1b56-b634-4598-865c-4f7e68ed9266"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-a99f1b56-b634-4598-865c-4f7e68ed9266.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-a99f1b56-b634-4598-865c-4f7e68ed9266.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BEIS"
published: "2023-11-29"
---

# Financial Advisory Services for Sizewell C - Contract Variation

Buyer: BEIS  
Current stage: Award  
OCID: ocds-b5fd17-a99f1b56-b634-4598-865c-4f7e68ed9266

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## Summary

The Department for Energy, Security and Net Zero (DESNZ) has awarded a contract for Financial Advisory Services for Sizewell C - Contract Variation to Barclays Bank Plc. The contract involves an increase of \u00a32.5 million in cost and an extension of the end date to 10/05/2025. The procurement stage was selective, with a call-off from a framework agreement. The contract falls under the financial consultancy services category and is located in London, United Kingdom. The contract period starts on 11th May 2022 and ends on 10th May 2025.

This tender presents opportunities for businesses specializing in financial advisory services to engage with the Department for Energy, Security and Net Zero. Companies with expertise in fundraising processes, capital raise management, and financial advice are well-suited to compete for this contract variation. The significant contract value of \u00a37.5 million, expanded scope, and extended timeline provide a lucrative growth opportunity for qualified firms in the financial consultancy sector.

## Notice

This is a variation of an existing contract between Barclays and the Department for Energy, Security and Net Zero (DESNZ). The existing scope of the contract is the provision of financial advisory services 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 judgements 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. DESNZ is amending the contract's scope to increase the scope of Barclay's work and responsibilities in relation to the capital raise process. The variation will include a 50% cost increase of PS2,500,000 and time extension of 12 months to 10/05/2025. - Original award total: PS5,000,000 excluding VAT - Variation 1: PS2,500,000 excluding VAT - Variation 2: Minor scope variation for this contract to fund an increased role in the capital raise process. - Variation 3: Original end date: 10/05/2024 New end date: 10/05/2025 - Modified award total: PS7,500,000 excluding VAT

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/805e83fa-e108-4bdf-b3a9-2005b3ae0451 |
| 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 |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 29 Nov 2023 |
| Submission deadline | 10 May 2022 |
| Future notice date | Not specified |
| Award date | 10 May 2022 |
| Contract period | 10 May 2022 - 10 May 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £7,500,000 |
| Lots value | Not specified |
| Awards value | £7,500,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | BEIS |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1A 2AW |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BARCLAYS BANK |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66171000 - Financial consultancy services

## Release History

- 29 Nov 2023 at 11:49 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/805e83fa-e108-4bdf-b3a9-2005b3ae0451

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/805e83fa-e108-4bdf-b3a9-2005b3ae0451
  29th November 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/1b5f705a-4806-4f3a-aff2-c6ab845dc498
  n/a

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-a99f1b56-b634-4598-865c-4f7e68ed9266. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-a99f1b56-b634-4598-865c-4f7e68ed9266.json.