---
title: "External Advisor on Valuations"
ocid: "ocds-b5fd17-f86564af-a8eb-476e-834e-bac2acea7e99"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-f86564af-a8eb-476e-834e-bac2acea7e99"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-f86564af-a8eb-476e-834e-bac2acea7e99.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-f86564af-a8eb-476e-834e-bac2acea7e99.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DESNZ"
published: "2024-07-16"
---

# External Advisor on Valuations

Buyer: DESNZ  
Current stage: Award  
OCID: ocds-b5fd17-f86564af-a8eb-476e-834e-bac2acea7e99

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## Summary

The Department for Energy Security and Net Zero has awarded a contract for the services of an External Advisor on Valuations. The contract, valued at £450,000 GBP, involves the preparation of an independent review of technology development funding, potential subsidy control issues, and expert evidence provision if litigation arises. The contract, awarded through the Crown Commercial Service, involves a selective procurement method with a call-off from a dynamic purchasing system. The contract period starts on June 21, 2024, and ends on June 11, 2027. The tender period ended on May 31, 2024.

This procurement process by the Department for Energy Security and Net Zero provides opportunities for service providers in the financial and insurance services industry, specifically those experienced in valuation services and technology development funding. Small and medium-sized enterprises (SMEs) are well-suited for this opportunity. Businesses interested in offering independent valuation services and expert evidence provision for potential litigation in the technology sector are encouraged to engage with this contracting authority.

## Notice

**Please note this is an award notice, not a competition. The contract has been awarded via the Crown Commercial Service RM6126 Research and Insights DPS.** The Department for Energy Security and Net Zero have awarded a contract for the below requirement. Preparation of an independent review of the approach to valuation in connection with the funding to support technology development. If necessary, to provide an independent view of subsidy control issues and, where considered appropriate, expert evidence, should any litigation arise, in a Competition Appeal Tribunal. Expected Outputs The outputs for this requirement as a minimum will be 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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/45486fdf-6972-4816-897f-1090c42e19b6 |
| Notice type | Award Notice |
| Procurement type | Dynamic |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a dynamic purchasing system |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 16 Jul 2024 |
| Submission deadline | 31 May 2024 |
| Future notice date | Not specified |
| Award date | 11 Jun 2024 |
| Contract period | 20 Jun 2024 - 11 Jun 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £450,000 |
| Lots value | Not specified |
| Awards value | £450,000 |
| 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 | DESNZ |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1A 2EG |
| 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 | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | NERA |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 16 Jul 2024 at 14:04 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/45486fdf-6972-4816-897f-1090c42e19b6

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/45486fdf-6972-4816-897f-1090c42e19b6
  16th July 2024 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/779f0aa2-c8fd-4d1d-bc3a-b35058190d53
  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-f86564af-a8eb-476e-834e-bac2acea7e99. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-f86564af-a8eb-476e-834e-bac2acea7e99.json.