Award

TROP89-C01 Financial Advisors to support Rail Contracts & Projects

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 2 releases in its history.

AwardUpdate

21 Apr 2026 at 08:20

Award Notice
Award

06 Nov 2024 at 12:15

Award Notice
Summary of the contracting process

The Department for Transport (DfTc) has awarded a contract titled "TROP89-C01 Financial Advisors to support Rail Contracts & Projects," classified under financial consultancy services (CPV 66171000), with a focus on supporting rail contracts and projects. The procurement process was conducted using a selective method through a call-off from a framework agreement. The contract covers various locations including the United Kingdom, Channel Islands, British Overseas Territories, Europe, Isle of Man, and internationally. The tender period concluded on 30th October 2024, with the contract spanning from 1st November 2024 to 11th August 2027, offering significant value at GBP 3,300,000. The procurement reached the award update stage on 21st April 2026, indicating the completion and activation of the contract.

This tender offers substantial opportunities for large-scale businesses specialising in financial consultancy services, particularly those with experience in the transportation sector, including rail projects. The contract, awarded to Grant Thornton UK LLP, a large entity, suggests that businesses with similar capabilities may find it valuable to engage in future framework agreements or related procurement processes. Small and medium enterprises (SMEs) might not be directly suitable given the scale and specificity of the expertise required, but could explore subcontracting or partnership arrangements to tap into the benefits provided by such contracts.

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Notice Information

Notice Title

TROP89-C01 Financial Advisors to support Rail Contracts & Projects

Notice Description

Financial Advisors to support Rail Contracts & Projects

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-89ca1210-7156-411a-b79a-6316ec3b51e8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2d40be32-a103-4089-95b0-40a7338e4837
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
£3,300,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,300,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
21 Apr 20264 days ago
Submission Deadline
30 Oct 2024Expired
Future Notice Date
Not specified
Award Date
31 Oct 20241 years ago
Contract Period
1 Nov 2024 - 11 Aug 2027 2-3 years
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
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

GRANT THORNTON

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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