Award

Contract Award

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 1 release in its history.

Award

07 Apr 2025 at 10:33

Summary of the contracting process

The Department for Transport (DfT) has completed the procurement process for a contract titled "Contract Award" under the industry category of Financial consultancy services. The contracting process has been classified as selective and involved a call-off from a framework agreement. This procurement covered services across multiple geographic locations including British Oversea Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom. The tender period ended on 3rd February 2025, and the contract period commenced on 17th March 2025, extending until 16th March 2028. The contracted value is GBP 4,500,000.

This tender presents significant opportunities for large businesses specializing in financial consultancy services to expand their reach and portfolio. Due to the selective procurement method, the contract maintains a high level of competition, indicating that well-established firms such as KPMG LLP, which won the contract, are well-suited to compete. Despite DfT's exclusion of SMEs (Small and Medium Enterprises) and VCSEs (Voluntary, Community and Social Enterprises) from this procurement, substantial financial consultancy projects can benefit larger organizations looking for growth and diversification in their service offerings across diverse regions globally.

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Notice Title

Contract Award

Notice Description

Contract Award Notice

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-23eaf333-a5e1-4e70-8905-e2cb08b4b2cc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ac108de8-aef4-410b-8e67-03db11841fea
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
£4,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£4,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
7 Apr 202510 months ago
Submission Deadline
3 Feb 2025Expired
Future Notice Date
Not specified
Award Date
17 Mar 202511 months ago
Contract Period
17 Mar 2025 - 16 Mar 2028 3-4 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
dftprocurement@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

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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