Award

TROP89-B07 Financial Advisors to Support Rail Contracts & Projects

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 1 release in its history.

Award

27 Feb 2026 at 13:21

Summary of the contracting process

The procurement process initiated by the Department for Transport (DfTc) focuses on securing financial advisors to support rail contracts and projects. The contract, titled "TROP89-B07 Financial Advisors to Support Rail Contracts & Projects," falls under the financial consultancy services category and covers diverse locations including the British Overseas Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom. This award stage procurement, with a contract period starting from 2nd March 2026 to 11th August 2027, was granted to Ernst & Young LLP on 24th February 2026. The procurement method employed was selective through a call-off from a framework agreement, with a total contract value of £249,600. The tender period concluded on 16th February 2026.

This tender represents significant opportunities for large-scale financial consultancy firms aiming to expand their portfolios within the public sector, particularly in transport-related projects. Considering the nature of rail contracts, businesses with a strong suite in rail infrastructure finance and strategic consultancy will find this tender appealing. The engagement with DfTc offers a robust platform for such companies to collaborate on high-profile transportation projects, enabling them to leverage governmental partnerships for business growth. While the opportunity is not marked suitable for small and medium enterprises or voluntary, community, and social enterprises, it presents a substantial avenue for firms excelling in rail-related advisory services.

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Notice Title

TROP89-B07 Financial Advisors to Support Rail Contracts & Projects

Notice Description

Financial Advisors to support Rail Contracts & Projects

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7d3affb4-d851-43c5-927a-8d2f9e47571a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e8e9ab63-4fec-400f-9512-0c7d0eb6db29
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
£249,600 £100K-£500K
Lots Value
Not specified
Awards Value
£249,600 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Feb 20262 weeks ago
Submission Deadline
16 Feb 2026Expired
Future Notice Date
Not specified
Award Date
24 Feb 20262 weeks ago
Contract Period
2 Mar 2026 - 11 Aug 2027 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

ERNST & YOUNG

Further Information

Notice Documents

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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