Financial Advisory Services for Sizewell C

Concepts

• finance
• consultancy services
• sizewell c
• financial advisory services
• additional services
• the sizewell c programme
• advisory
• sizewell
• capital raise process
• sound investment decisions

Location

United Kingdom:

Description

Total Quantity or Scope

This is a modification to an existing contract between the Department for Energy Security and Net Zero and Barclays Bank Plc. The scope of the contract is for the provision of financial advisory services to assess, input, and challenge the design, management and execution of the SZC capital structure and capital raise process; and to provide advice in relation to key judgements and decisions that will be required from HMG in order for it to execute its policy objectives and make sound investment decisions that represent Value for Money for the taxpayer. Additional services have become necessary due to extended project timelines. The supplier's services are essential to the completion of the capital raise process and progression of the Sizewell C programme. The variation is composed of a 7-month extension in time and a 30% extension in value under Regulation 72 (1) (b) and 72 (2) of the Public Contracts Regulations 2015. Original award value: £5,000,000 (excl. VAT). 11/05/2022-10/05/2024 (+ an optional 12-month extension) Modification one: £2,500,000 (excl. VAT) + 12-month extension. 11/05/2022-10/05/2025. Modified contract value: £7,500,000. Modification two: £1,500,000 (excl. VAT) + 7-month extension. 11/05/2022-10/12/2025. Modified contract value: £9,000,000.

Award Detail

CPV Codes

• 66171000 - Financial consultancy services

Other Information

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