Provision actuarial services to Sizewell C's Funded Decommissioning Programme (FDP)

Official notice

Authority: Business Energy and Industrial Strategy

ServicesAward procedure without prior publication of a call for competition

Sectors: Financial and insurance services (66)Business Services & Consultancy (79) Delivery: UK

Awarded value£170,000published contract · exc. VAT

Awarded 20 Dec 2021no call for competition

Awarded to Government Actuary Department2 awards

What is being bought

Published requirement description

To provide BEIS with advice on the structure of the development of the Funding Arrangements Plan (FAP) for the SZC Project. Specifically they will advise on the structure of FundCo, incentivisation mechanics and the investment strategy. BEIS would also like GAD to review the draft FAP which will be submitted to BEIS in the new year in advance of this going to the NLFAB.

CPV: Business services: law, marketing, consulting, recruitment, printing and security · Financial and insurance services

The lotProcurement structure

single lot · no lot value published

Lot #1Awarded

Delivery: UK

Extensions: Due to the urgent need to deliver the actuarial services for around the SZC Funding Arrangements Plan (FAP) submission and the SZC and to provide BEIS with broader advice on the development of the project a direct award to GAD is proposed.

79000000 Business services: law, marketing, consulting, recruitment, printing and security

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: 24 Dec 2021, 14:33 GMT
Last source update: 24 Dec 2021, 14:55 GMT
FTS notice number: 2021/S 000-032348
Classification (CPV): Business services: law, marketing, consulting, recruitment, printing and securityFinancial and insurance services
Delivery area: UK
Official registry OCID: ocds-h6vhtk-0305d1 Find a Tender

Why no open competition: The procurement falls outside the scope of application of the directive
Published justification: Direct award due to extreme urgency and the need to deliver the actuarial services for around the SZC Funding Arrangements Plan (FAP) submission and the SZC and to provide BEIS with broader advice on the development of the project a direct award to GAD is proposed.

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 2

Awarded value £170,0001 contract exc. VAT · 1 repeated publication of the same award counted once

Bids received 1

Contracts signed 2latest 20 Dec 2021

Awarded to	Value	Date	Status
Government Actuary Department	£170,000 †same award published again · counted once	—	Awarded
Government Actuary Department	£170,000 †	—	Awarded

Contracts

Contract 032346-2021-1 · Government Actuary Department
Signed
20 Dec 2021
Value
£170,000
Status
active
Contract 032348-2021-5590/12/2021-1 · Government Actuary Department
Signed
20 Dec 2021
Value
£170,000
Status
active
- Change Awarded supplier was not initially not mentioned, Need for additional works, services or supplies by the original contractor/concessionaire: Contract awarded to Government Actuary Department for the value of 170K to deliver actuarial services for around the SZC Funding Arrangements Plan (FAP) due to extreme urgency (regulation 32(2)(c))

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
1bids	—	—	—

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, phone

Dispute resolution & review bodies

BEISReview body Westminster
Business Energy & Industrial StrategyReview body Westminster

Bidders & participating suppliers

2 commercial parties on the notice

Government Actuary DepartmentAwarded supplier United Kingdom, UK
Government Actuary DepartmentAwarded supplier London, UK

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.