Award

PF2 Financial Advisors Lower Thames Crossing

HIGHWAYS ENGLAND

This public procurement record has 1 release in its history.

Award

13 Dec 2017 at 11:08

Award Notice
Summary of the contracting process

The procurement process for the "PF2 Financial Advisors Lower Thames Crossing" project is led by Highways England, focusing on the provision of financial and insurance services. The project aims to develop a significant road improvement scheme, including a new tunnel under the River Thames and associated link roads. The procurement method is an open procedure, and the tender period concluded on 13 October 2017. The awarded contract, worth £17 million, is set to commence from 13 December 2017 and last until 12 December 2023. This initiative is located in the South East of England.

This tender presents substantial opportunities for businesses in the financial advisory sector. Companies with expertise in financial services, particularly those experienced with Private Finance initiatives and large infrastructure projects, would be well-suited to compete for related contracts. As the project progresses through its development phases, there will be additional chances for consultancy and support services, enabling strategic growth for firms in the industry.

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Notice Information

Notice Title

PF2 Financial Advisors Lower Thames Crossing

Notice Description

The Lower Thames Crossing is a significant road improvement project providing a new bored tunnel crossing under the River Thames east of Gravesend and Tilbury and new link roads connecting to the M25 north of the river between Junctions 29 and 30 and to the A2 south of the river east of Gravesend The link roads element of the project is expected to be procured using a Private Finance PF2 Design Build Finance and Maintain contract requiring privately financed capital expenditure of around 1 and a half Billion The project is planned to shortly enter the Development phase progressing through the Development Consent Order process and the procurement of a DBFM contract A single Financial Adviser is required to provide advice and support to Highways England

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-51ad21e2-96a5-44c8-b2d9-1e36e91b42a1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1088844f-8687-4c2b-951b-bd38e00c97a5
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£17,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£17,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Dec 20178 years ago
Submission Deadline
13 Oct 2017Expired
Future Notice Date
Not specified
Award Date
12 Dec 20178 years ago
Contract Period
13 Dec 2017 - 12 Dec 2023 Over 5 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
HIGHWAYS ENGLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MANTON LANE BEDFORD
Postcode
MK41 7LW
Post Town
Milton Keynes
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH24 Bedford
Delivery Location
TLJ South East (England)
Local Authority
Bedford
Electoral Ward
Harpur
Westminster Constituency
Bedford

Supplier Information

Number of Suppliers
1
Supplier Name

PWC

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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