Award

TROP89-B02 Financial Advisors to support Rail Contracts & Projects

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 1 release in its history.

Award

01 Apr 2025 at 11:53

Award Notice
Summary of the contracting process

The Department for Transport (DfTc) has concluded a procurement process for "TROP89-B02 Financial Advisors to support Rail Contracts & Projects". This process falls under the industry category of financial consultancy services and covers various locations including the United Kingdom, Channel Islands, British Oversea Territories, Isle of Man, Europe, and the Rest of the World. The tender, valued at £19,995, was awarded on 20th March 2025 with the service contract set to commence on 24th March 2025 and conclude on 30th June 2025. The procurement was carried out through a selective method, specifically a call-off from a framework agreement, signifying that the tender period ended on 21st February 2025.

This tender presents significant opportunities for large-scale organisations proficient in providing financial consultancy services, particularly those with expertise in rail contracts and projects. Companies that can deliver high-quality advisory services and support complex rail infrastructure initiatives will find this contract highly beneficial for boosting their market presence and establishing long-term partnerships with the Department for Transport. Ernst & Young LLP, a prominent player in financial services, secured this contract, highlighting the potential for other similarly scaled firms to compete in future tenders of this nature.

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Notice Information

Notice Title

TROP89-B02 Financial Advisors to support Rail Contracts & Projects

Notice Description

Financial Advisors to support Rail Contracts & Projects

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-44964991-6975-432e-bfda-afede0a5d08a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c1818521-e542-4bed-acdf-bd9cb09dba6d
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
£19,995 Under £100K
Lots Value
Not specified
Awards Value
£19,995 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Apr 202510 months ago
Submission Deadline
21 Feb 2025Expired
Future Notice Date
Not specified
Award Date
20 Mar 202511 months ago
Contract Period
24 Mar 2025 - 30 Jun 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
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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

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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