Section one: Contracting authority/entity
one.1) Name and addresses
Business Energy and Industrial Strategy
1 Victoria Street
London
SW1H0ET
Contact
Alexander Jones
Country
United Kingdom
NUTS code
UKI32 - Westminster
Internet address(es)
Main address
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Provision actuarial services to Sizewell C's Funded Decommissioning Programme (FDP)
two.1.2) Main CPV code
- 66000000 - Financial and insurance services
two.1.3) Type of contract
Services
two.2) Description
two.2.2) Additional CPV code(s)
- 79000000 - Business services: law, marketing, consulting, recruitment, printing and security
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:
To provide BEIS with advice on the structure of the development of the Funding Arrangements Plan (FAP) for the SZC Project. Specifically they will advise on the structure of FundCo, incentivisation mechanics and the investment strategy. BEIS would also like GAD to review the draft FAP which will be submitted to BEIS in the new year in advance of this going to the NLFAB.
two.2.7) Duration of the contract, framework agreement, dynamic purchasing system or concession
Duration in months
36
Section four. Procedure
four.2) Administrative information
four.2.1) Contract award notice concerning this contract
Notice number: 2021/S 000-032346
Section five. Award of contract/concession
Contract No
5590/12/2021
five.2) Award of contract/concession
five.2.1) Date of conclusion of the contract/concession award decision:
20 December 2021
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
Government Actuary Department
London
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: £170,000
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
Business Energy & Industrial Strategy
Westminster
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
- 79000000 - Business services: law, marketing, consulting, recruitment, printing and security
seven.1.3) Place of performance
NUTS code
- UK - United Kingdom
seven.1.4) Description of the procurement:
To provide BEIS with advice on the structure of the development of the Funding Arrangements Plan (FAP) for the SZC Project. Specifically they will advise on the structure of FundCo, incentivisation mechanics and the investment strategy. BEIS would also like GAD to review the draft FAP which will be submitted to BEIS in the new year in advance of this going to the NLFAB.
seven.1.5) Duration of the contract, framework agreement, dynamic purchasing system or concession
Duration in months
36
seven.1.6) Information on value of the contract/lot/concession (excluding VAT)
Total value of the contract/lot/concession:
£170,000
seven.1.7) Name and address of the contractor/concessionaire
Government Actuary Department
London
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):
Awarded supplier was not initially not mentioned
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:
Contract awarded to Government Actuary Department for the value of 170K to deliver actuarial services for around the SZC Funding Arrangements Plan (FAP) due to extreme urgency (regulation 32(2)(c))
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: £170,000
Total contract value after the modifications
Value excluding VAT: £170,000