Section one: Contracting authority
one.1) Name and addresses
Business Energy and Industrial Strategy
1 Victoria Street
London
SW1H0ET
Contact
Moray Watson
Country
United Kingdom
NUTS code
UKI32 - Westminster
Internet address(es)
Main address
https://www.gov.uk/government/organisations/department-for-business-energy-and-industrial-strategy
one.4) Type of the contracting authority
Ministry or any other national or federal authority
one.5) Main activity
General public services
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Financial Advisory Services for Sizewell C
two.1.2) Main CPV code
- 66120000 - Investment banking services and related services
two.1.3) Type of contract
Services
two.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.
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £5,000,000
two.2) Description
two.2.2) Additional CPV code(s)
- 66171000 - Financial consultancy services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.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.
two.2.5) Award criteria
Quality criterion - Name: Relevant experience and expertise / Weighting: 20
Quality criterion - Name: Methodology & Approach / Weighting: 15
Quality criterion - Name: Methodology & Approach / Weighting: 15
Quality criterion - Name: Presentation / Weighting: 20
Price - Weighting: 30
two.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
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Award of a contract without prior publication of a call for competition in the cases listed below
- The procurement falls outside the scope of application of the regulations
Explanation:
This competition was under via the Crown Commercial Services Framework RM 6169 under Lot 3.
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No
Section five. Award of contract
Contract No
5682/02/2022
Title
Financial Advisory Services for Sizewell C
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
9 May 2022
five.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
five.2.3) Name and address of the contractor
Barclays Bank Plc
1 Churchill Place
London
E14 5HP
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: £5,000,000
Total value of the contract/lot: £5,000,000
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
Department of Business, Energy & Industrial Strategy
1 Victoria Street
SW1H 0ET
Country
United Kingdom