Financial Advisory Services for Sizewell C - Contract Variation
Reference ocds-b5fd17-a99f1b56-b634-4598-865c-4f7e68ed9266 · BEIS
Awarded to Barclays Bank Plc for £7,500,000.
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Amounts and figures
Description
This is a variation of an existing contract between Barclays and the Department for Energy, Security and Net Zero (DESNZ). The existing scope of the contract is the provision of financial advisory services 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 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 VfM for the taxpayer. DESNZ is amending the contract's scope to increase the scope of Barclay's work and responsibilities in relation to the capital raise process. The variation will include a 50% cost increase of £2,500,000 and time extension of 12 months to 10/05/2025. - Original award total: £5,000,000 excluding VAT - Variation 1: £2,500,000 excluding VAT - Variation 2: Minor scope variation for this contract to fund an increased role in the capital raise process. - Variation 3: Original end date: 10/05/2024 New end date: 10/05/2025 - Modified award total: £7,500,000 excluding VAT
Awards
| Awarded to | Amount | Date |
|---|---|---|
| Barclays Bank Plc | £7,500,000 | 11 May 2022 |
Official publications
| Medium | Reference | Date |
|---|---|---|
| FTS | 805e83fa-e108-4bdf-b3a9-2005b3ae0451-702775 | 29 November 2023 |
| Contracts Finder | 805e83fa-e108-4bdf-b3a9-2005b3ae0451-702775 | 29 November 2023 |
Other tenders from BEIS
See the buyer →- Sizewell C Legal Services Published: 22 December 2023
- Legal Services for Sizewell C Published: 22 December 2023
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Frequently asked questions
- What is the deadline to bid for this tender?
- The submission deadline is 10 May 2022, 12:00. Check the official source, as dates can be modified.
- What is the estimated value of this tender?
- The estimated value published by the buyer is £7,500,000.
- Who is the buyer of this tender?
- The contracting authority is BEIS (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
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