Award

PROVISION CORPORATE FINANCIAL ADVISORS

THE DEPARTMENT FOR TRANSPORT

This public procurement record has 2 releases in its history.

AwardUpdate

30 Nov 2020 at 15:06

Award Notice
Award

07 Jul 2020 at 13:31

Award Notice
Summary of the contracting process

The procurement process entails the provision of corporate financial advisory services by the Department for Transport (DfT) in the United Kingdom. The tender, identified as TISEA0025, falls under the financial and insurance services category with a total contract value of £368,500. The procurement method employed was selective, using a call-off from a framework agreement. The tender period closed on 29 March 2020, while the contract was active from 31 March 2020 to 30 September 2020. KPMG was the successful supplier for this contract, which has since been completed.

This tender presents significant opportunities for businesses operating in financial and consulting services, particularly those with expertise in corporate finance. Companies capable of providing strategic financial guidance and services would find this a fitting market to explore. Given the scale and complexity of the required services, larger firms or those with established experience in similar public sector contracts are likely best positioned to compete successfully.

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Notice Information

Notice Title

PROVISION CORPORATE FINANCIAL ADVISORS

Notice Description

PROVISION OF CORPORATE FINANCIAL ADVISORS TO DFT

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-587479a7-889e-4eb8-b9eb-2921c9983c3a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ad4b6070-6341-41db-bdaa-cb0ab1e18199
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

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66000000 - Financial and insurance services

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
£368,500 £100K-£500K
Lots Value
Not specified
Awards Value
£368,500 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Nov 20205 years ago
Submission Deadline
29 Mar 2020Expired
Future Notice Date
Not specified
Award Date
30 Mar 20205 years ago
Contract Period
30 Mar 2020 - 30 Sep 2020 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
THE 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

KPMG

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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