Award

TROP89-B05 Financial Advisors to support Rail Contracts & Projects

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 2 releases in its history.

AwardUpdate

05 Feb 2026 at 12:59

Award Notice
Award

28 Jul 2025 at 13:21

Award Notice
Summary of the contracting process

The procurement process, managed by the Department for Transport (DfTc), focuses on appointing Financial Advisors to support rail contracts and projects. This selective procurement process utilised a call-off from a framework agreement to award a contract valued at £419,505. The procurement falls under the industry category of financial consultancy services, identified by CPV code 66171000. This contract covers regions such as British Oversea Territories, Channel Islands, Europe, Isle of Man, the United Kingdom, and the Rest of the World. The tender, titled "TROP89-B05 Financial Advisors to support Rail Contracts & Projects," concluded its procurement stage, with the contract award dated 28th July 2025. The contract period extends from 30th June 2025 to 31st March 2026.

This tender presents significant opportunities for businesses in the financial consultancy sector, particularly those with expertise in advising on rail projects. While the contract was specifically awarded to a large entity, represented by Ernst & Young LLP, the procurement environment indicates opportunities for large and established firms that can provide comprehensive advisory services across multiple regions. Businesses with the capability to navigate complex rail contracts and projects will benefit from engaging in similar future procurement processes, which can facilitate business growth through high-value and multi-regional consultancy engagements.

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Notice Information

Notice Title

TROP89-B05 Financial Advisors to support Rail Contracts & Projects

Notice Description

Financial Advisors to support Rail Contracts & Projects

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-65a1f67d-1539-45b5-8b85-e8ba6c5692fe
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/713c814f-2ac4-46ef-be80-efeb820f4024
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
£419,505 £100K-£500K
Lots Value
Not specified
Awards Value
£419,505 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
5 Feb 20262 weeks ago
Submission Deadline
14 Jun 2025Expired
Future Notice Date
Not specified
Award Date
27 Jul 20257 months ago
Contract Period
29 Jun 2025 - 31 Mar 2026 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
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

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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