Award

TROP0054 Financial Advisors for Passenger Services

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 2 releases in its history.

AwardUpdate

12 Jul 2024 at 10:11

Award

10 Jan 2022 at 17:12

Summary of the contracting process

The Department for Transport (DfT) has awarded a contract for Financial Advisors for Passenger Services with a value of £3,500,000. The procurement method was selective, involving a call-off from a framework agreement. The contract period runs from January 10, 2022, to October 9, 2024. The award was made to Grant Thornton UK LLP, with the contract published on January 10, 2022. The opportunity was classified under financial consultancy services and is considered complete.

This tender for Financial Advisors for Passenger Services presents an opportunity for businesses in the financial consultancy services sector. The Department for Transport (DfT) based in London is the buying organization for this procurement. Businesses with expertise in financial consultancy services and experience with framework agreements would be well-suited to compete in this selective procurement process. The contract period provides a significant window of opportunity for the successful bidder to deliver services to the DfT in the coming years.

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Notice Title

TROP0054 Financial Advisors for Passenger Services

Notice Description

Provision of Financial Advisors for Passenger Services

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4e56f150-9ed1-41c9-b522-d26546a45d17
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8124f9bb-cb92-4877-8610-bc8104f56faa
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
£3,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
12 Jul 20241 years ago
Submission Deadline
2 Dec 2021Expired
Future Notice Date
Not specified
Award Date
10 Jan 20224 years ago
Contract Period
10 Jan 2022 - 9 Oct 2024 2-3 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
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

GRANT THORNTON

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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