Award

Provision of Financial Advisors for the Operator of Last Resort

DEPARTMENT FOR TRANSPORT : DEPARTMENT FOR TRANSPORT

This public procurement record has 1 release in its history.

Award

15 Jan 2020 at 10:41

Award Notice
Summary of the contracting process

The procurement process involves the Department for Transport, focusing on the provision of financial advisory services to the Operator of Last Resort. This tender falls under the consultancy industry, specifically economic impact assessment and business management consultancy services, and is based in England. The contract was awarded on 28th October 2019, with a total value of £4 million GBP for the contract period commencing on 2nd December 2019 and concluding on 1st December 2021. The procurement method utilised was selective, specifically a call-off from a framework agreement, indicating a staged tendering process.

This tender offers substantial opportunities for large consultancy firms that specialise in economic impact assessments and strategic business management. With the financial advisory services sector poised for growth, businesses with expertise in providing strategic insights and assessments are particularly well-suited to compete in this space. Engaging with this contract could enhance business portfolios and establish critical relationships with a government authority, potentially leading to further contracts in the public sector.

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Notice Information

Notice Title

Provision of Financial Advisors for the Operator of Last Resort

Notice Description

Provision of Financial Advisors for the Operator of Last Resort

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0c549f63-7cbd-4de9-a53a-494dc2036809
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c9d70bc8-53b2-4a08-8f20-12add8517e6c
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

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79311410 - Economic impact assessment

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
£4,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Jan 20206 years ago
Submission Deadline
25 Sep 2019Expired
Future Notice Date
Not specified
Award Date
28 Oct 20196 years ago
Contract Period
2 Dec 2019 - 1 Dec 2021 2-3 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR TRANSPORT : DEPARTMENT FOR TRANSPORT
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LIVERPOOL
Postcode
L3 9PP
Post Town
Liverpool
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
Not specified
Local Authority
Liverpool
Electoral Ward
City Centre North
Westminster Constituency
Liverpool Riverside

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

Further Information

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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