Award

TROP89-E01 Financial Advisors to support Rail Contracts & Projects

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 1 release in its history.

Award

13 Dec 2024 at 16:15

Award Notice
Summary of the contracting process

The Department for Transport (DfTc) has completed the procurement process for the contract titled "TROP89-E01 Financial Advisors to support Rail Contracts & Projects." This contract falls under the industry category of Financial Consultancy Services (CPV: 66171000) and encompasses service delivery in the British Overseas Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom. The procurement method used was selective, specifically through a call-off from a framework agreement. The contract period is set from 3rd December 2024 to 31st March 2025, with an award date of 28th November 2024. The total contract value is £24,425 GBP.

This tender presents significant growth opportunities for businesses within the financial advisory sector, particularly those experienced in supporting rail contracts and projects. While the call-off from a framework agreement may limit the pool of eligible firms, those that are part of the framework could leverage this contract to strengthen their portfolio in the public sector. Large-scale consultancies with a robust understanding of the rail industry, such as KPMG LLP, which was awarded this contract, are well-suited to compete for similar opportunities, expanding their expertise and service offerings in the transport sector.

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Notice Information

Notice Title

TROP89-E01 Financial Advisors to support Rail Contracts & Projects

Notice Description

Financial Advisors to support Rail Contracts & Projects

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1d4bb706-11b3-4000-a4e6-5e7b287ee89f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ba2eb989-0a39-49c0-be53-af20213649c9
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
£24,425 Under £100K
Lots Value
Not specified
Awards Value
£24,425 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
13 Dec 20241 years ago
Submission Deadline
14 Nov 2024Expired
Future Notice Date
Not specified
Award Date
28 Nov 20241 years ago
Contract Period
3 Dec 2024 - 31 Mar 2025 1-6 months
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
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

KPMG

Further Information

Notice Documents

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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