Award

Intercity Express Programme Financial Advisor

DEPARTMENT OF TRANSPORT

This public procurement record has 1 release in its history.

Award

13 Dec 2018 at 14:54

Award Notice
Summary of the contracting process

The Department of Transport is seeking a financial advisor for the Intercity Express Programme, with a total contract value of £500,000. This procurement falls under the category of research and development consultancy services and is primarily based in London, United Kingdom. The current stage of the procurement is designated as 'Award,' following a selective procurement method via a call-off from a framework agreement. The contract period spans from 5 January 2018 to 4 January 2020, with the tender period concluding on 4 January 2018.

This opportunity is ideal for large firms with expertise in financial consultancy, particularly those experienced in commercial negotiations and financial modelling. Businesses that specialise in providing strategic financial advice, tax and accounting guidance, and comprehensive risk management strategies would find this tender particularly relevant. Companies that can contribute to value-for-money assessments and have a solid understanding of public sector contracts in transport-related projects will be well-positioned to compete for this contract.

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Notice Information

Notice Title

Intercity Express Programme Financial Advisor

Notice Description

Ad hoc advice in relation to financial matters arising from the GWML or ECML contracts, including for example implementation of variations, refinancing and financial aspects of any dispute.* Strategic financial advice as required, including advice on current market conditions.* Commercial advice, assistance and support to DfT in negotiations with Agility, its financiers and sub-contractors, Network Rail, franchisees and any other relevant party. * Assistance in updating the commercial and financial structure and financial modelling to support DfT decision making and to monitor and analyse Agility's financial models.* Advice on the financial risks and commercial impacts of managing the IEP contract. This will include the preparation of written advice to be used by the Department for Transport. * Tax and accounting advice as required.* Advice on Value for Money, as defined by the HM Treasury Green Book guidance. * Support to DfT on financial risk and investment strategy e.g. monitoring the process for entering into and the pricing of any hedging arrangements (including interest rate and foreign exchange hedging).* Attendance at meetings with DfT and other parties as required, including HM Treasury.* Throughout the contract the Supplier is expected to share skills and knowledge. At the end of the contract the Supplier will be required to complete a knowledge transfer to the Department and, where appropriate, to other external advisers (this may include other financial advisers). This will include the compilation of a set of core commercial documents and legal advice notes, which must also be made available in electronic form prior to the end of the contract.* Exit Strategy* It is expected that the supplier will embed an exit strategy leading up to the end of this Financial Advisor Contract to ensure that any skills or information is passed onto the programme team or successor

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3e00429e-a686-4c26-b75a-c2cc7fe21b1a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/21b6ed7a-ff20-41eb-bb65-2c9b7e54be0b
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

73 - Research and development services and related consultancy services

CPV Codes

73200000 - Research and development consultancy services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
£500,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Dec 20187 years ago
Submission Deadline
4 Jan 2018Expired
Future Notice Date
Not specified
Award Date
4 Jan 20188 years ago
Contract Period
5 Jan 2018 - 4 Jan 2020 1-2 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 OF TRANSPORT
Contact Name
Not specified
Contact Email
dftprocurement@dft.gsi.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
TLI London
Local Authority
Westminster
Electoral Ward
Vincent Square
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

PWC PERFORMANCE SOLUTIONS

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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