Award

TROP0104 Financial Advisor for the Rolling Stock Team (RAT)

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 2 releases in its history.

AwardUpdate

25 Sep 2024 at 13:14

Award

25 Sep 2024 at 12:15

Summary of the contracting process

The Department for Transport (DfTc) has concluded the procurement process for the contract titled "TROP0104 Financial Advisor for the Rolling Stock Team (RAT)," classified under the "Financial consultancy services" industry category. Located at Great Minster House, London, the DfTc utilised a selective procurement method, specifically a call-off from a framework agreement. The procurement stage is now complete, with Ernst & Young LLP being awarded the contract on 11th September 2024. The contract period runs from 16th September 2024 to 15th September 2026. The project's scope includes diverse delivery locations, such as British Overseas Territories, the Channel Islands, Europe, the Isle of Man, the United Kingdom, and other global regions. The contract’s value is £300,000, and key dates included the end of the tender period on 6th July 2024.

This contract presents significant opportunities for businesses specializing in financial consultancy services to engage in high-value, government-backed projects. While this particular tender was awarded to a large organisation (Ernst & Young LLP), future tenders in similar categories might offer opportunities for other consultancy firms. Companies with expertise in financial advisory, particularly those experienced with governmental or large-scale projects, would find themselves well-suited to compete in similar procurement processes. By participating in such tenders, businesses can enhance their portfolio and reputation, potentially leading to further lucrative engagements.

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Notice Title

TROP0104 Financial Advisor for the Rolling Stock Team (RAT)

Notice Description

TROP0104 Financial Advisor for the Rolling Stock Team (RAT)

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-016c86ea-c49f-4c4a-be77-11ff8cd16310
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f86494ac-32ef-445c-b1fb-00791eaf9833
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£300,000 £100K-£500K
Lots Value
Not specified
Awards Value
£300,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Sep 20241 years ago
Submission Deadline
6 Jul 2024Expired
Future Notice Date
Not specified
Award Date
10 Sep 20241 years ago
Contract Period
15 Sep 2024 - 15 Sep 2026 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
DFTC - DEPARTMENT FOR TRANSPORT
Contact Name
Not specified
Contact Email
gcdcrmrail@dft.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1P 4DR
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
Vincent Square
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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