Cost of Capital Update for Electricity Generation Technologies

Notice summary: Update of BEIS' estimates and evidence base regarding the cost of capital for investments in renewable and non-renewable electricity generation technologies

Description: The purpose of this work is to update the BEIS evidence base and estimates for the cost of capital in relation to investment in renewable and non-renewable generation technologies. The work is divided into two discrete Lots;

Lots 1 and 2 will be let independently. Interested parties may tender for both Lots but cannot be awarded both Lots. If tendering for both Lots, tenderers are requested to state their preference in case of their proposals being ranked first for both Lots.

The key part of the work is anticipated to take place primarily from late April through to early June, with interim results from Lot 1 (Core Analysis) to be available by mid-May and presentation of final results by the end of May 2018. The work under Lot 2 (Peer Review) will be partly in parallel, following the presentation of interim and final results under Lot 1.

Please Note:

We expect both Lots to last up to the end of June 2018 (as indicated in the outline timetable shown in Item 8 of Section 2 of the ITT), which allows for possible iteration of the final results. There is a possibility of further extension of either or both Lot(s) of up to two months, in case further iterations are required in light of new market information/events or if the business needs imply further revenue models need to be addressed within the framework (e.g. new models of storage, etc.).

Additional information: If you wish to take part in this procurement please see the attached Tender documents attached to this Notice and send your completed Proposal to John Hunter by email at john.hunter@beis.gov.uk ensuring that you include "TENDER for Cost of Capital Update for Electricity Generation" in the email subject header

Any late submissions may not be considered. BEIS reserves the right to halt the procurement process and to not award a contract. BEIS will not be held liable for recovery of costs from unsuccessful bids if a contract is not awarded. All costs will be borne by the bidding organisations. If a contract is created it will be upon BEIS Standard Terms and Conditions [amended as per the information in the ITT], which are available on Contracts Finder with this notice. Completed tender submission must be returned as stated above by 11.00am on 29th March 2018. After reviewing and evaluating the proposals, BEIS may decide to hold bid clarification meetings with suppliers. If successful and upon contract signature, the supplier for each Lot is expected to attend a kick-off meeting taking place on or around 23rd April 2018 Project completion is required by 30th June 2018