Section one: Contracting authority/entity
one.1) Name and addresses
Department for Energy Security and Net Zero
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
External Advisor on Valuations
two.1.2) Main CPV code
- 66000000 - Financial and insurance services
two.1.3) Type of contract
Services
two.2) Description
two.2.1) Title
External Advisor on Valuations
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 as follows:
Preparation of a report to DESNZ summarising the independent valuation, on which the department may be able to place reliance, and that may (i) be used to support internal investment decisions and (ii) also, as necessary, be provided to the CMA.
Further update to this report following outcomes of negotiations with suppliers of the Small Modular Reactor Technology Selection Process will be required.
Where considered appropriate, expert evidence - should any litigation arise - in a Competition Appeal Tribunal or other equivalent formal dispute.
two.2.7) Duration of the contract, framework agreement, dynamic purchasing system or concession
Start date
21 June 2024
End date
11 June 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
External Advisor on Valuations
five.2) Award of contract/concession
five.2.1) Date of conclusion of the contract/concession award decision:
12 June 2024
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
NERA UK Limited
Marble Arch House
London
W1H 5BT
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: £450,000
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
- 66000000 - Financial and insurance services
seven.1.3) Place of performance
NUTS code
- UK - United Kingdom
seven.1.4) Description of the procurement:
The scope of the contract as as a minimum included the following:
Preparation of a report to DESNZ summarising the independent valuation, on which the department may be able to place reliance, and that may (i) be used to support internal investment decisions and (ii) also, as necessary, be provided to the CMA.
Further update to this report following outcomes of negotiations with suppliers of the Small Modular Reactor Technology Selection Process will be required.
Where considered appropriate, expert evidence - should any litigation arise - in a Competition Appeal Tribunal or other equivalent formal dispute.
seven.1.5) Duration of the contract, framework agreement, dynamic purchasing system or concession
Start date
21 June 2024
End date
11 June 2027
seven.1.6) Information on value of the contract/lot/concession (excluding VAT)
Total value of the contract/lot/concession:
£450,000
seven.1.7) Name and address of the contractor/concessionaire
NERA UK Limited
Marble Arch House
London
W1H 5BT
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: £450,000 (excl. VAT). 21/06/2024-11/06/2027.
Modification one (30/10/2025): £225,000 (excl. VAT). Modified contract value: £675,000 (excl. VAT). Additional economic valuation advice is required towards the Small Modular Reactor Technology Selection Process. The modification also includes an amendment to the contract reference number. The contract duration remains unchanged.
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 are required due to extended project timeframes and additional requirements for economic valuation advice in the interim. Any change would cause significant inconvenience and substantial duplication of costs because the incumbent is uniquely placed to advise HMG and the project is at a critical stage close to completion.
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: £450,000
Total contract value after the modifications
Value excluding VAT: £675,000