Official UK procurement notice
External Advisor on Valuations
Authority: Department for Energy Security & Net Zero (Central government)
What is being bought
Published requirement descriptionNo description was published on the notice. See the official documents.
CPV: Financial and insurance services
The lotProcurement structure
single lot · no lot value publishedLot #1External Advisor on Valuations
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.
Procedure terms & legal framework
From the official record- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 20 Nov 2025, 09:38 GMT
- Last source update
- 20 Nov 2025, 09:38 GMT
- FTS notice number
2025/S 000-075483- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-05e4faFind a Tender
How it was run
Official notice- Submission deadline
- —
Timeline
21 Jun 2024 → 20 Nov 2025 · 2 dates- Contract starts21 Jun 2024, 00:00 BST
- Notice published334 days ago20 Nov 2025, 09:38 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| NERA UK Limited | £675,000 † | — | Awarded |
Contracts
External Advisor on Valuations · NERA UK Limited
- Signed
- 12 Jun 2024
- Value
- £675,000
- Period
- 21 Jun 2024 – 11 Jun 2027
- Status
- active
- Change 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., Need for additional works, services or supplies by the original contractor/concessionaire: 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.
Contracting authority & participating public bodies
Dispute resolution & review bodies
- N/AReview body
Bidders & participating suppliers
1 commercial party on the notice- NERA UK LimitedAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.