Financial Advisory Services for Sizewell C

Official notice

Authority: Department for Energy Security & Net Zero (Central government)

Services

Sectors: Business Services & Consultancy (79) Delivery: UK

Awarded value£5,120,000published contract · exc. VAT

Awarded 12 Dec 2022

Awarded to PricewaterhouseCoopers LLP

Contract term 2 yrs 4 moends 31 Mar 2025 · starts 12 Dec 2022

What is being bought

Published requirement description

No description was published on the notice. See the official documents.

CPV: Financial management consultancy services

The lotProcurement structure

single lot · no lot value published

Lot #1Financial Advisory Services for Sizewell C 2 yrs 4 mo

This is a variation to an existing contract between PwC and the Department for Energy, Security and Net Zero (DESNZ) for the provision of financial advisory services to the DESNZ Sizewell C (SZC) project team.

DESNZ is amending the contract to increase the scope of PwC’s work and responsibilities. Additional work has become necessary due to extended project timelines following the UK General Election. The variation is composed of a three-month extension and a 31% (£1.22m) increase in value under Regulation 72 (1) (b) of the PCR 2015.

Contract period: 12 Dec 2022 – 31 Mar 2025 (2 yrs 4 mo)

Delivery: UK

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: 27 Sept 2024, 15:59 BST
Last source update: 27 Sept 2024, 15:59 BST
FTS notice number: 2024/S 000-031041
Classification (CPV): Financial management consultancy services
Delivery area: UK
Official registry OCID: ocds-h6vhtk-04a3c5 Find a Tender

How it was run

Official notice

Submission deadline: —

Timeline

12 Dec 2022 → 27 Sept 2024 · 2 dates

Contract starts
12 Dec 2022
Notice published
27 Sept 2024, 15:59 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £5,120,0001 contract exc. VAT

Contracts signed 1latest 12 Dec 2022

Awarded to	Value	Date	Status
PricewaterhouseCoopers LLPFinancial Advisory Servies for Sizewell C	£5,120,000 †	—	Awarded

Contracts

Financial Advisory Servies for Sizewell C · PricewaterhouseCoopers LLP
Signed
12 Dec 2022
Value
£5,120,000
Period
12 Dec 2022 – 31 Mar 2025
Status
active
- Change - Original award value: £3,900,000 excluding VAT. Original end date: 31st December 2024. - Variation value: £1,220,000 excluding VAT (31% increase). New end date: 31st March 2025 (3-month time extension). - Modified total award value: £5,120,000 excluding VAT., Need for additional works, services or supplies by the original contractor/concessionaire: Additional work has become necessary due to extended project timelines following the UK General Election.

Contracting authority & participating public bodies

The Department for Energy Security and Net Zero

Contracting authorityCentral Government 3-8 Whitehall Place, London, UK, SW1A 2EGContact email

Dispute resolution & review bodies

N/AReview body N/A

Bidders & participating suppliers

1 commercial party on the notice

PRICEWATERHOUSECOOPERS LLPAwarded supplier 1 Embankment Place, London, UK, WC2N 6RH

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.