Financial Advisory Services for Sizewell C
- Department for Energy Security and Net Zero
Procurement identifier (OCID): ocds-h6vhtk-052953
Description
This is a modification to an existing contract between the Department for Energy Security and Net Zero and Barclays Bank Plc.
The scope of the contract is for the provision of financial advisory services to assess, input, and challenge the design, management and execution of the SZC capital structure and capital raise process; and to provide advice in relation to key judgements and decisions that will be required from HMG in order for it to execute its policy objectives and make sound investment decisions that represent Value for Money for the taxpayer.
Additional services have become necessary due to extended project timelines. The supplier's services are essential to the completion of the capital raise process and progression of the Sizewell C programme.
The variation is composed of a 7-month extension in time and a 30% extension in value under Regulation 72 (1) (b) and 72 (2) of the Public Contracts Regulations 2015.
Original award value: £5,000,000 (excl. VAT). 11/05/2022-10/05/2024 (+ an optional 12-month extension)
Modification one: £2,500,000 (excl. VAT) + 12-month extension. 11/05/2022-10/05/2025. Modified contract value: £7,500,000.
Modification two: £1,500,000 (excl. VAT) + 7-month extension. 11/05/2022-10/12/2025. Modified contract value: £9,000,000.
**Please note that this notice was originally published on 30/05/2025 (Notice identifier: 2025/S 000-028653). However, there was an error in the field titled 'Total contract value after the modifications', which mistakenly suggested that the total contract value post-modification was £900,000. This notice will correct that to £9,000,000.00.**
Notices
F20: Modification notice
- Notice identifier
- 2025/S 000-029098
- Published
- 2 June 2025, 11:46am
F20: Modification notice
- Notice identifier
- 2025/S 000-028653
- Published
- 30 May 2025, 9:44am