Award

TROO0139- Extension OLR Financial Advisors

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 1 release in its history.

Award

15 Feb 2022 at 11:57

Summary of the contracting process

The Department for Transport (DfTc) has awarded a contract titled "TROO0139- Extension OLR Financial Advisors" for financial consultancy services, amounting to £12,000,000. This procurement process, classified under CPV code 66171000, is currently complete, having entered the award stage on 23rd November 2021. The contract period commenced on 1st December 2021 and extends until 1st December 2022, reflecting a one-year contract extension. The services will be delivered across several territories, including the United Kingdom and British Overseas Territories.

This tender presents ample opportunities for businesses, particularly smaller enterprises engaged in financial consultancy, to establish or enhance their partnerships with government entities. With the DfTc seeking to extend its existing relationship with Ernst & Young, it is an opportune moment for proficient financial service providers to showcase their capabilities and potentially secure future contracts in the public sector. Companies with relevant experience and expertise in financial advisory services will be particularly well-suited to compete in similar procurement processes.

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Notice Title

TROO0139- Extension OLR Financial Advisors

Notice Description

This variation is being issued to extend the contract between the Authority and the Supplier. The Terms and Conditions of the Contract as previously agreed and amended between the Authority and the Supplier will still apply but with the following amendments: - A further time extension of one year is to be added to the contract term, making the new expiry date 1st December 2022

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7c66cb1e-bdd1-4d0a-a08a-a9685ee6d9f9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/63260384-7f1c-45da-8007-2886f80ed50f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Extension
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
£12,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£12,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
15 Feb 20224 years ago
Submission Deadline
30 Nov 2021Expired
Future Notice Date
Not specified
Award Date
23 Nov 20214 years ago
Contract Period
1 Dec 2021 - 1 Dec 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

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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