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Contract Award Notice

Financial Advisory Services for Sizewell C

  • First published: 01 June 2022
  • Last modified: 01 June 2022

The buyer is not using this website to administer the notice.

To record your interest or obtain additional information or documents please find instructions within the Full Notice Text. (NOTE: Contract Award Notices and Prior Information Notices do not normally require a response)

Contents

Summary

OCID:
ocds-h6vhtk-03420e
Published by:
Business Energy and Industrial Strategy
Authority ID:
AA80980
Publication date:
01 June 2022
Deadline date:
-
Notice type:
Contract Award Notice
Has documents:
No
Has SPD:
No
Has Carbon Reduction Plan:
N/A

Abstract

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.

Full notice text

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

Coding

Commodity categories

ID Title Parent category
66171000 Financial consultancy services Financial consultancy, financial transaction processing and clearing-house services
66120000 Investment banking services and related services Banking and investment services

Delivery locations

ID Description
100 UK - All

Alert region restrictions

The buyer has restricted the alert for this notice to suppliers based in the following regions.

ID Description
There are no alert restrictions for this notice.

About the buyer

Main contact:
moray.watson@beis.gov.uk
Admin contact:
N/a
Technical contact:
N/a
Other contact:
N/a

Further information

Date Details
No further information has been uploaded.

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