External Advisor on Valuations

{
  "id": "075483-2025",
  "tag": [
    "awardUpdate",
    "contractUpdate"
  ],
  "date": "2025-11-20T09:38:06Z",
  "ocid": "ocds-h6vhtk-05e4fa",
  "buyer": {
    "id": "GB-FTS-94110",
    "name": "Department for Energy Security and Net Zero"
  },
  "awards": [
    {
      "id": "075483-2025-1-1",
      "title": "External Advisor on Valuations",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-65812",
          "name": "NERA UK Limited"
        }
      ],
      "relatedLots": [
        "1"
      ]
    }
  ],
  "tender": {
    "id": "ocds-h6vhtk-05e4fa",
    "lots": [
      {
        "id": "1",
        "title": "External Advisor on Valuations",
        "description": "The scope of the contract as as a minimum included the following:\nPreparation 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.\nFurther update to this report following outcomes of negotiations with suppliers of the Small Modular Reactor Technology Selection Process will be required.\nWhere considered appropriate, expert evidence - should any litigation arise - in a Competition Appeal Tribunal or other equivalent formal dispute.",
        "contractPeriod": {
          "endDate": "2027-06-11T23:59:59+01:00",
          "startDate": "2024-06-21T00:00:00+01:00"
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UK"
          }
        ]
      }
    ],
    "title": "External Advisor on Valuations",
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "classification": {
      "id": "66000000",
      "scheme": "CPV",
      "description": "Financial and insurance services"
    },
    "mainProcurementCategory": "services"
  },
  "parties": [
    {
      "id": "GB-FTS-94110",
      "name": "Department for Energy Security and Net Zero",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "postalCode": "SW1A 2EG",
        "countryName": "United Kingdom",
        "streetAddress": "3-8 Whitehall Place"
      },
      "details": {
        "url": "https://www.gov.uk/government/organisations/department-for-energy-security-and-net-zero"
      },
      "identifier": {
        "legalName": "Department for Energy Security and Net Zero"
      },
      "contactPoint": {
        "name": "Butch Vraniqi",
        "email": "butch.vraniqi@energysecurity.gov.uk"
      }
    },
    {
      "id": "GB-FTS-65812",
      "name": "NERA UK Limited",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "postalCode": "W1H 5BT",
        "countryName": "United Kingdom",
        "streetAddress": "Marble Arch House"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "legalName": "NERA UK Limited"
      }
    },
    {
      "id": "GB-FTS-1091",
      "name": "N/A",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "N/A",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "N/A"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "075483-2025-1-1",
      "items": [
        {
          "id": "1",
          "title": "External Advisor on Valuations",
          "relatedLot": "1",
          "classification": {
            "id": "66000000",
            "scheme": "CPV",
            "description": "Financial and insurance services"
          },
          "deliveryAddresses": [
            {
              "region": "UK"
            }
          ]
        }
      ],
      "title": "External Advisor on Valuations",
      "value": {
        "amount": 675000,
        "currency": "GBP"
      },
      "period": {
        "endDate": "2027-06-11T23:59:59+01:00",
        "startDate": "2024-06-21T00:00:00+01:00"
      },
      "status": "active",
      "awardID": "075483-2025-1-1",
      "amendments": [
        {
          "id": "1",
          "rationale": "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.",
          "description": "Original award value: £450,000 (excl. VAT). 21/06/2024-11/06/2027.\nModification 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."
        }
      ],
      "dateSigned": "2024-06-12T00:00:00+01:00"
    }
  ],
  "initiationType": "tender"
}