Official UK procurement notice
Executive search services to support search for Chair and Trustee- Director for the Nuclear Liabilities Fund
Authority: Business Energy and Industrial Strategy
What is being bought
Published requirement descriptionBEIS are looking for end-to-end executive search support to fill the role of Chair and Trustee-Director of
the Nuclear Liabilities Fund (NLF), a vacancy which arises in April '22. The Nuclear Liabilities Fund (NLF)
is a segregated investment fund set up to meet the cost of decommissioning the UK nuclear power stations
now owned and operated by EDF. It is underwritten by HMG and holds assets of c.£15bn. The Chair leads
the Board of the NLF in assessing its funding position, investing its assets, making payments to meet
qualifying decommissioning costs and providing strategic input to help control decommissioning liabilities.
CPV: Recruitment services
The lotProcurement structure
single lot · no lot value publishedLot #1The successful candidate will have the following experience and skillset:Awarded
The successful candidate will have the following experience and skillset:
- Investment/finance experience; a demonstrable record of leadership at senior management level
in an investment/asset management/financial institution, or similar role which has had a public
and/ or political profile.
- Ability to lead a Board through a period of change, ensuring high performance, robust risk
management and excellent stakeholder engagement.
- Experience of operating at Board level, ideally in a non-executive capacity.
- Excellent inter-personal skills with the ability to challenge and be challenged and a demonstrable
ability to manage complex stakeholder relationships within a senior leadership context.
- Strong intellectual capability, with the capacity to understand technical financial issues and to
think strategically.
- Politically astute both in managing relationships and maintaining support amongst a range of
stakeholders.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Award procedure without prior publication of a call for competition
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded without competition
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Direct award (no call for competition)
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 31 May 2022, 16:15 BST
- Last source update
- 31 May 2022, 16:15 BST
- Authority reference
5587/12/2021- FTS notice number
2022/S 000-015255- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-03423dFind a Tender
- Why no open competition
- The procurement falls outside the scope of application of the directive
- Published justification
Further competition via Crown Commercial Services Framework RM 6002 under Lot 7 was undertaken for the procurement.
Publisher note: Further competition was undertaken via the Crown Commerial Services Framework RM 6002 Lot 7.
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| IRG Advisors LLP trading as Odgers Berndtson | £30,000 † | — | Awarded |
Contracts
Executive search services to support search for Chair and Trustee- Director for the Nuclear Liabilities Fund · IRG Advisors LLP trading as Odgers Berndtson
- Signed
- 27 Apr 2022
- Value
- £30,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 3bids · 3 electronic | 3 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Department for Business, Energy & Industrial StrategyReview body
Bidders & participating suppliers
1 commercial party on the notice- IRG Advisors LLP t/a Odgers BerndtsonAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.