Financial Advisory Services for Sizewell C

Official notice

Authority: Business Energy and Industrial Strategy

ServicesAward procedure without prior publication of a call for competition

Sectors: Financial and insurance services (66) Delivery: UK

Awarded value£5,000,000published contract · exc. VAT

Awarded 9 May 2022no call for competition

Awarded to Barclays Bank PLC

What is being bought

Published requirement description

HMG has identified a need to appoint a Financial Advisor to: i) assess, input, and challenge the design, management and execution of SZC's capital structure and fundraising process; and ii) provide advice in relation to key judgments and decisions that will be required from HMG in order for it to execute its policy objectives and make sound investment decisions that represent VfM for the taxpayer.

CPV: Financial consultancy services · Investment banking services and related services

The lotProcurement structure

single lot · no lot value published

Lot #1Framework suppliers under the CCS Framework RM 6169 Lot 3 were invited to tender for…Awarded

Framework suppliers under the CCS Framework RM 6169 Lot 3 were invited to tender for the appointment a Financial Advisor to: i) assess, input, and challenge the design, management and execution of SZC's capital structure and fundraising process; and ii) provide advice in relation to key judgments and decisions that will be required from HMG in order for it to execute its policy objectives and make sound investment decisions that represent VfM for the taxpayer.

Delivery: UK

Extensions: The Contract will be for an initial 24 months with an option to extend for 12 months

66171000 Financial consultancy services

Procedure terms & legal framework

From the official record

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, 13:12 BST
Last source update: 31 May 2022, 13:12 BST
FTS notice number: 2022/S 000-015208
Classification (CPV): Financial consultancy servicesInvestment banking services and related services
Delivery area: UK
Official registry OCID: ocds-h6vhtk-03420e Find a Tender

Why no open competition: The procurement falls outside the scope of application of the directive
Published justification: This competition was under via the Crown Commercial Services Framework RM 6169 under Lot 3.

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £5,000,0001 contract exc. VAT

Bids received 3

Contracts signed 1latest 9 May 2022

Awarded to	Value	Date	Status
Barclays Bank PLC	£5,000,000 †	—	Awarded

Contracts

Financial Advisory Services for Sizewell C · Barclays Bank PLC
Signed
9 May 2022
Value
£5,000,000
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
3bids · 3 electronic	—	—	—

Contracting authority & participating public bodies

Business Energy and Industrial Strategy

Contracting authorityMinistry or any other national or federal authority, including their regional or local subdivisionsGeneral public services 1 Victoria Street, London, London, SW1H0ETContact name, email

Dispute resolution & review bodies

Department of Business, Energy & Industrial StrategyReview body 1 Victoria Street

Bidders & participating suppliers

1 commercial party on the notice

Barclays Bank PlcAwarded supplier 1 Churchill Place, London, UK, E14 5HP

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.