Award

TROP0023-11 Franchise Financial Advisors

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 3 releases in its history.

AwardUpdate

25 Apr 2022 at 13:57

AwardUpdate

06 Jan 2022 at 09:37

Award

24 Dec 2021 at 19:37

Summary of the contracting process

The procurement process concerns a contract titled "TROP0023-11 Franchise Financial Advisors," commissioned by the Department for Transport (DfTc) in the UK. The contracting authority is located at Great Minster House, 33 Horseferry Road, London. This tender falls under the financial consultancy services category and has reached its award stage, with the contract value amounting to £657,500. The contract period commenced on 1st September 2020 and concluded on 31st July 2022, while the tender period ended on 24th August 2020. The procurement method used was selective, with the award made to Ernst & Young LLP.

This contract presents substantial opportunities for businesses specialising in financial advisory services, particularly those with expertise in public sector consultation. Given the selective procurement approach, larger firms with the capability to mobilise resources across multiple locations—including British Overseas Territories, Europe, and the Channel Islands—would be well-positioned to compete in future tenders under similar agreements. This sector remains a robust area for growth, especially for companies looking to expand their service offerings to government entities.

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Notice Title

TROP0023-11 Franchise Financial Advisors

Notice Description

This is a call off from TROP0023 Umbrella agreement. This call off is for the provision of Financial Advisory services for the Great Western Direct Award.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7a3e1bd4-a6df-4c5d-954f-f1bb6d16f8bb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/51961c03-71be-4d27-bdee-7d1b73e95a16
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
£657,500 £500K-£1M
Lots Value
Not specified
Awards Value
£657,500 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
25 Apr 20223 years ago
Submission Deadline
24 Aug 2020Expired
Future Notice Date
Not specified
Award Date
24 Dec 20214 years ago
Contract Period
31 Aug 2020 - 31 Jul 2022 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
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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