Section one: Contracting authority/entity
one.1) Name and addresses
The Department for Energy Security and Net Zero
3-8 Whitehall Place
London
SW1A 2EG
benjamin.obrien@energysecurity.gov.uk
Country
United Kingdom
Region code
UK - United Kingdom
Internet address(es)
Main address
https://www.gov.uk/government/organisations/department-for-energy-security-and-net-zero
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
- 79412000 - Financial management consultancy services
two.1.3) Type of contract
Services
two.2) Description
two.2.1) Title
Financial Advisory Services for Sizewell C
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement at the time of conclusion of the contract:
This is a variation to an existing contract between PwC and the Department for Energy, Security and Net Zero (DESNZ).
The scope of this contract is for the provision of financial advisory services to the DESNZ Sizewell C (SZC) project team, which is necessary due to the complexity of a new nuclear build and associated funding mechanisms which require specialist skills to deliver.
DESNZ is amending the contract to increase the scope of PwC’s work and responsibilities. Additional work has become necessary due to extended project timelines following the UK General Election. The variation is composed of a three-month extension and a 31% (£1.22m) increase in value under Regulation 72 (1) (b) of the PCR 2015.
- Original award value: £3,900,000 excluding VAT. End date (minus time extensions) 31st December 2024.
- Variation: £1,220,000 excluding VAT. End date 31st March 2025.
- Modified award value: £5,120,000 excluding VAT
Please see: https://www.contractsfinder.service.gov.uk/Notice/05c9d46d-eba6-4559-bff2-07fb2478875e for the original award notice.
two.2.7) Duration of the contract, framework agreement, dynamic purchasing system or concession
Start date
12 December 2022
End date
31 March 2025
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
Section five. Award of contract/concession
Contract No
Variation 1
Title
Financial Advisory Servies for Sizewell C
five.2) Award of contract/concession
five.2.1) Date of conclusion of the contract/concession award decision:
12 December 2022
five.2.2) Information about tenders
The contract/concession has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor/concessionaire
PRICEWATERHOUSECOOPERS LLP
1 Embankment Place
London
WC2N 6RH
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor/concessionaire is an SME
No
five.2.4) Information on value of the contract/lot/concession (at the time of conclusion of the contract;excluding VAT)
Total value of the procurement: £3,900,000
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
N/A
N/A
Country
United Kingdom
Section seven: Modifications to the contract/concession
seven.1) Description of the procurement after the modifications
seven.1.1) Main CPV code
- 79412000 - Financial management consultancy services
seven.1.3) Place of performance
NUTS code
- UK - United Kingdom
seven.1.4) Description of the procurement:
This is a variation to an existing contract between PwC and the Department for Energy, Security and Net Zero (DESNZ) for the provision of financial advisory services to the DESNZ Sizewell C (SZC) project team.
DESNZ is amending the contract to increase the scope of PwC’s work and responsibilities. Additional work has become necessary due to extended project timelines following the UK General Election. The variation is composed of a three-month extension and a 31% (£1.22m) increase in value under Regulation 72 (1) (b) of the PCR 2015.
seven.1.5) Duration of the contract, framework agreement, dynamic purchasing system or concession
Start date
12 December 2022
End date
31 March 2025
seven.1.6) Information on value of the contract/lot/concession (excluding VAT)
Total value of the contract/lot/concession:
£5,120,000
seven.1.7) Name and address of the contractor/concessionaire
PRICEWATERHOUSECOOPERS LLP
1 Embankment Place
London
WC2N 6RH
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor/concessionaire is an SME
No
seven.2) Information about modifications
seven.2.1) Description of the modifications
Nature and extent of the modifications (with indication of possible earlier changes to the contract):
- Original award value: £3,900,000 excluding VAT. Original end date: 31st December 2024.
- Variation value: £1,220,000 excluding VAT (31% increase). New end date: 31st March 2025 (3-month time extension).
- Modified total award value: £5,120,000 excluding VAT.
seven.2.2) Reasons for modification
Need for additional works, services or supplies by the original contractor/concessionaire.
Description of the economic or technical reasons and the inconvenience or duplication of cost preventing a change of contractor:
Additional work has become necessary due to extended project timelines following the UK General Election.
seven.2.3) Increase in price
Updated total contract value before the modifications (taking into account possible earlier contract modifications, price adaptions and average inflation)
Value excluding VAT: £3,900,000
Total contract value after the modifications
Value excluding VAT: £5,120,000