Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Business Energy and Industrial Strategy
1 Victoria Street
London
SW1H0ET
UK
Contact person: Moray Watson
E-mail: moray.watson@beis.gov.uk
NUTS: UKI32
Internet address(es)
Main address: https://www.gov.uk/government/organisations/department-for-business-energy-and-industrial-strategy
I.4) Type of the contracting authority
Ministry or any other national or federal authority, including their regional or local subdivisions
I.5) Main activity
General public services
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Financial Advisory Services for Sizewell C
II.1.2) Main CPV code
66120000
II.1.3) Type of contract
Services
II.1.4) Short 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.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
5 000 000.00
GBP
II.2) Description
II.2.2) Additional CPV code(s)
66171000
II.2.3) Place of performance
NUTS code:
UK
II.2.4) Description of the procurement
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.
II.2.5) Award criteria
Quality criterion: Relevant experience and expertise
/ Weighting: 20
Quality criterion: Methodology & Approach
/ Weighting: 15
Quality criterion: Methodology & Approach
/ Weighting: 15
Quality criterion: Presentation
/ Weighting: 20
Price
/ Weighting:
30
II.2.11) Information about options
Options:
Yes
Description of options:
The Contract will be for an initial 24 months with an option to extend for 12 months
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Award of a contract without prior publication of a call for competition
Justification for selected award procedure:
The procurement falls outside the scope of application of the Directive
Explanation
This competition was under via the Crown Commercial Services Framework RM 6169 under Lot 3.
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
Section V: Award of contract
Contract No: 5682/02/2022
Title: Financial Advisory Services for Sizewell C
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
09/05/2022
V.2.2) Information about tenders
Number of tenders received: 3
Number of tenders received by electronic means: 3
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Barclays Bank Plc
1 Churchill Place
London
E14 5HP
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
: 5 000 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
Department of Business, Energy & Industrial Strategy
1 Victoria Street
SW1H 0ET
UK
VI.5) Date of dispatch of this notice
31/05/2022