Award

Consultancy in support of the DfT TfL Relationship

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 1 release in its history.

Award

17 Aug 2021 at 14:09

Summary of the contracting process

The Department for Transport (DfT) in London has recently completed a procurement process for a consultancy titled "Consultancy in support of the DfT TfL Relationship," which began with a tender period that ended on 4th July 2021. The contract, valued at £4 million, aims to provide specialised financial, commercial, and technical advice to assist Transport for London (TfL) in overcoming the impacts of the COVID-19 pandemic and to negotiate funding agreements. The procurement method employed was selective, using a call-off from a framework agreement, and the contract commenced on 9th August 2021, set to continue until 8th August 2023.

This tender presents significant growth opportunities for consultancy firms, particularly those with expertise in financial advisory services, commercial negotiations, and public sector operations. Businesses classified as small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) would be well-positioned to compete, benefiting from the potential for future contracts as TfL navigates its post-pandemic recovery and sustainability efforts. Firms that can demonstrate relevant experience and innovative solutions in transport finance are likely to attract interest in similar future procurements.

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Notice Title

Consultancy in support of the DfT TfL Relationship

Notice Description

The Department for Transport (DfT), seeks external advisory support (the Supplier) to provide it with complex and highly specialised financial, commercial and technical advice to help understand and address the ongoing impact of the COVID-19 pandemic on Transport for London's (TfL) operations and financial standing. Further, the Supplier will assist with the implementation and future negotiation of extraordinary funding and financing agreements between the Secretary of State for Transport (SoS) and TfL to support TfL's post pandemic recovery and transition to financial sustainability

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-76ea786f-b968-429d-b064-356d614a3873
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ac114658-2748-4e28-adc6-b6012b3edb0c
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, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

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

Notice Value(s)

Tender Value
£4,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£4,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
17 Aug 20214 years ago
Submission Deadline
4 Jul 2021Expired
Future Notice Date
Not specified
Award Date
9 Aug 20214 years ago
Contract Period
8 Aug 2021 - 8 Aug 2023 1-2 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
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

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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