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Financial Advisory Services

Transport for London

This public procurement record has 1 release in its history.

Award

10 Aug 2026 at 14:02

Award Notice
Summary of the contracting process

Transport for London procured financial advisory services to support a rail devolution project. The work falls within financial consultancy services and is categorised as a service contract. Delivery is in London. The requirement concerns specialist financial advice related to the planning, development or delivery of rail devolution, supporting Transport for London’s role in the project. The named buying organisation is Transport for London. The procurement was suitable for small and medium-sized enterprises, indicating that businesses of this type were considered capable of delivering the requirement. The selected supplier was KPMG LLP, a financial and professional services firm. This opportunity is therefore most relevant to consultancies with demonstrable financial advisory capability and experience supporting major public-sector rail or transport transformation programmes.

The procurement is complete and was awarded to KPMG LLP on 18 June 2026. It used a selective call-off competition through the Management Consultancy Framework Four, operated by the Government Commercial Agency. The awarded value was £225,000 including the stated currency of GBP. The contract period runs from 24 July 2026 to 23 July 2027. The tender submission deadline was 1 June 2026 at 23:59. The requirement was evaluated through the framework call-off competition process. It was a single service requirement for financial advisory support to a rail devolution project, with no separate lots identified. The award remains active, and the procurement status is complete.

This award demonstrates demand from Transport for London for specialist financial advice connected with rail devolution and wider transport-sector change. Businesses that want to compete for comparable work should be able to provide credible financial advisory expertise, understand the commercial and financial issues involved in devolving rail responsibilities, and work effectively on complex public-sector transformation projects. Experience in rail, transport, infrastructure or similarly regulated environments would help a supplier show relevant understanding, although the published requirement does not identify particular professional accreditations or technical qualifications. The route to market is also significant: comparable opportunities may be competed as call-offs through established consultancy frameworks, so suppliers should consider whether they have suitable framework access or can participate through an eligible framework partner.

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Notice Information

Notice Title

Financial Advisory Services

Notice Description

This is an awarded contract to KPMG following a Call-Off competition exercise through the Government Commercial Agency, Management Consultancy Framework Four (MCF4). The contract is for the delivery of Financial Advisory Services supporting a rail devolution project.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-51fe8aa7-5331-4438-b9d1-0664cf55d630
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ade59767-bf96-4984-991e-7cd4f43f8362
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
SME
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
£225,000 £100K-£500K
Lots Value
Not specified
Awards Value
£225,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Aug 20262 weeks ago
Submission Deadline
1 Jun 2026Expired
Future Notice Date
Not specified
Award Date
18 Jun 20262 months ago
Contract Period
24 Jul 2026 - 23 Jul 2027 6-12 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
Transport for London
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
E20 1JN
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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