Award

TROP89-B06 Financial Advisors to Support Rail Contracts & Projects

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 4 releases in its history.

AwardUpdate

13 Feb 2026 at 11:15

AwardUpdate

12 Feb 2026 at 10:29

AwardUpdate

07 Jan 2026 at 16:05

Award

27 Nov 2025 at 15:40

Summary of the contracting process

The Department for Transport (DfTc) has completed its procurement process for the tender titled "TROP89-B06 Financial Advisors to Support Rail Contracts & Projects," classified under the CPV category for financial consultancy services. The process involved a selective procurement method, specifically a call-off from a framework agreement. Although the tender was intended to support rail contracts and projects across various regions, including British Overseas Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and United Kingdom, the award was finalised with Ernst & Young LLP as the supplier. The contract period commenced on 1st December 2025 and is scheduled to run until 31st May 2026, with a total contract value of £148,600 GBP.

This contract presents significant opportunities for businesses specialising in financial consultancy services, particularly those capable of servicing large-scale contracts. While the procurement method was selective, hinting at an established framework, businesses that can leverage similar opportunities and engage in framework agreements might find growth potential in similar tenders. Large enterprises familiar with advisory roles in infrastructure or transport projects would be best placed to vie for such opportunities, as this aligns with their operational capabilities. Although it's not suitable for SMEs or VCSEs, entities with substantial resources and expertise, like Ernst & Young LLP, can benefit from such high-value contracts.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

TROP89-B06 Financial Advisors to Support Rail Contracts & Projects

Notice Description

Financial Advisors to Support Rail Contracts & Projects

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9acc6d22-4439-4f76-89f9-535db34039db
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/70cd082b-8780-45b0-af43-8fbc32e6abda
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
£148,600 £100K-£500K
Lots Value
Not specified
Awards Value
£148,600 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
13 Feb 20261 weeks ago
Submission Deadline
12 Nov 2025Expired
Future Notice Date
Not specified
Award Date
20 Nov 20253 months ago
Contract Period
1 Dec 2025 - 31 May 2026 6-12 months
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)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-9acc6d22-4439-4f76-89f9-535db34039db-2026-02-13T11:15:47Z",
    "date": "2026-02-13T11:15:47Z",
    "ocid": "ocds-b5fd17-9acc6d22-4439-4f76-89f9-535db34039db",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "tender_513481/1535524",
        "title": "TROP89-B06 Financial Advisors to Support Rail Contracts & Projects",
        "description": "Financial Advisors to Support Rail Contracts & Projects",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66171000",
            "description": "Financial consultancy services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    },
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    },
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    },
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 148600,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2025-11-12T17:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2025-12-01T00:00:00Z",
            "endDate": "2026-05-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-163473",
            "name": "DfTc - Department for Transport",
            "identifier": {
                "legalName": "DfTc - Department for Transport"
            },
            "address": {
                "streetAddress": "Great Minster House, 33 Horseferry Road",
                "locality": "London",
                "postalCode": "SW1P 4DR",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "GCDCRMRail@dft.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-9",
            "name": "Ernst & Young LLP",
            "identifier": {
                "legalName": "Ernst & Young LLP"
            },
            "address": {
                "streetAddress": "1 More London Place, London, SE1 2AF"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-163473",
        "name": "DfTc - Department for Transport"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-9acc6d22-4439-4f76-89f9-535db34039db-1",
            "status": "active",
            "date": "2025-11-20T00:00:00Z",
            "datePublished": "2025-11-27T15:40:15Z",
            "value": {
                "amount": 148600,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-9",
                    "name": "Ernst & Young LLP"
                }
            ],
            "contractPeriod": {
                "startDate": "2025-12-01T00:00:00Z",
                "endDate": "2026-05-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/70cd082b-8780-45b0-af43-8fbc32e6abda",
                    "datePublished": "2025-11-27T15:40:15Z",
                    "format": "text/html",
                    "language": "en",
                    "dateModified": "2026-02-13T11:15:47Z"
                }
            ]
        }
    ]
}