Section one: Contracting authority/entity
one.1) Name and addresses
DESNZ & DSIT Group Commercial
3-8 Whitehall Place
London
SW1A 2EG
Contact
Benjamin O'Brien
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 Advisor for GBN
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
GBN Finance 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 contract provides Financial Advisory services to GBN.
Please see the contract award notice below: https://www.contractsfinder.service.gov.uk/Notice/1452afef-fec9-4570-898d-1e648237be96.
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 five. Award of contract/concession
Contract No
1
Title
Financial Advisor for GBN
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
Delottie 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: £13,500,000
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:
GBN has an ongoing need for financial advisory services to support multiple workstreams.
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:
£13,500,000
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):
This Contract is to be varied as follows: increase the total value by £4,500,000 under PCR15 Reg 72 (b) to allow GBN to continue to access services under the contract until the contract expiry date.
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:
GBN has an ongoing need for financial advisory services to support multiple workstreams.
Continuity of financial advice is a key dependency, changing supplier at this stage would present risk of delay and increased costs.
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: £9,000,000
Total contract value after the modifications
Value excluding VAT: £13,500,000