Section one: Contracting authority/entity
one.1) Name and addresses
DESNZ & DSIT Group Commercial
3-8 Whitehall Place
London
SW1A 2EG
Contact
Butch Vraniqi
butch.vraniqi@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 Advisor for GBN / DESNZ
two.1.2) Main CPV code
- 66171000 - Financial consultancy services
two.1.3) Type of contract
Services
two.2) Description
two.2.1) Title
Great British Nuclear (GBN) Financial Advisor
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:
The scope of the contract is for the provision of financial advisory services to the DESNZ Great British Nuclear Sponsorship and Policy team.
two.2.7) Duration of the contract, framework agreement, dynamic purchasing system or concession
Start date
30 May 2023
End date
29 May 2027
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 four. Procedure
four.2) Administrative information
four.2.1) Contract award notice concerning this contract
Notice number: 2024/S 000-037553
Section five. Award of contract/concession
Contract No
1
Title
Financial Advisor for GBN / DESNZ
five.2) Award of contract/concession
five.2.1) Date of conclusion of the contract/concession award decision:
30 May 2023
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
Deloitte LLP
1 New Street Square
London
EC4A 3HQ
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: £16,100,000
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
- 66171000 - Financial consultancy services
seven.1.3) Place of performance
NUTS code
- UK - United Kingdom
seven.1.4) Description of the procurement:
This is a modification to an existing contract between the Department for Energy Security and Net Zero and Deloitte LLP.
The scope of the contract is for the provision of financial advisory services to the DESNZ GBN Sponsorship and Policy team.
Additional services have become necessary to enable continued access to the contract services until the conclusion of the GBN Small Modular Reactor Technology Selection Process.
The modification is composed of an uplift in the value of the contract of £2,600,000 under Regulation 72 (1) (b) and 72 (2) of the Public Contracts Regulations 2015.
seven.1.5) Duration of the contract, framework agreement, dynamic purchasing system or concession
Start date
30 May 2023
End date
29 May 2027
seven.1.6) Information on value of the contract/lot/concession (excluding VAT)
Total value of the contract/lot/concession:
£16,100,000
seven.1.7) Name and address of the contractor/concessionaire
Deloitte LLP
1 New Street Square
London
EC4A 3HQ
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 (30/05/2023-29/05/2027 + an optional 12-month extension to 29/05/2028). Contract value: £9,000,000
Modification one (29/07/2024): This modification was actioned to include two special terms into the contract. There were no amendments made to the duration or the value of the contract.
Modification two (29/10/2024): £4,500,000 (excl. VAT). Modified contract value: £13,500,000. DESNZ amended the contract to allow GBN and DESNZ to continue to access services to facilitate delivery of the SMR Technology Selection Process.
Modification three (06/06/2025): £2,600,000 (excl. VAT). Modified contract value: £16,100,000. DESNZ amended the contract to implement several changes, including an uplift in the value to enable continued utilisation of the contracted services until award of the GBN SMR TSP. The variation also seeks to clarify that GBN is not a party to the contract as of 01/04/2025 and amends the scope of the contract to include the latest work package between the Buyer and Supplier. Finally, the variation reverts to the original wording on indexation within the contract.
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 services have become necessary to enabled continued access to the contract services and avoid a gap in service until the conclusion of the GBN Small Modular Reactor Technology Selection Process.
A change of contractor cannot be made for economic and technical reasons because the contractor's deep understanding of DESNZ's objectives, GBN, the SMR TSP and DESNZ workstreams cannot be delivered by another supplier in the required timescales.
Likewise, a replacement contractor would require several months to be fully onboarded onto the project, which would cause considerable inconvenience and delays to the SMR TSP, while duplicating costs amidst the dual running of two financial advisors.
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: £13,500,000
Total contract value after the modifications
Value excluding VAT: £16,100,000