Award

Commercial Financial Advisor for the Thames Tideway Tunnel (TTT)

DEFRA NETWORK ETENDERING PORTAL

This public procurement record has 1 release in its history.

Award

12 Oct 2022 at 10:47

Summary of the contracting process

The Defra Network eTendering Portal has awarded a contract for a Commercial Financial Advisor for the Thames Tideway Tunnel project. The procurement method used was selective, with a call-off from a framework agreement. The contract value is £200,000 in GBP, with a contract period starting on October 1, 2022, and ending on September 30, 2024. The tender period ended on September 23, 2022. The buying organisation is based in London, England, and the industry category is financial consultancy services.

This tender presents a business growth opportunity for financial consultancy services firms, particularly those experienced in providing financial advisory services. Small and medium-sized enterprises (SMEs) are well-suited to compete for this contract. Businesses interested should note the specific contract period and the selective procurement method used, which may require expertise and experience in the financial advisory field to be successful in the bidding process.

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

Commercial Financial Advisor for the Thames Tideway Tunnel (TTT)

Notice Description

A direct award under C18 (NHS) Framework for the works for a Financial Adviser for the Thames Tideway Tunnel (TTT) project. There is no guaranteed spend under this contract and will depend on TTT requirements, managed closely by the contract manager.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a2b904b7-ce0c-4ac6-9b5c-c0c49ef90cfb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fd14681e-a4a7-45a2-8958-a72c1e19458c
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
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
£200,000 £100K-£500K
Lots Value
Not specified
Awards Value
£200,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Oct 20223 years ago
Submission Deadline
23 Sep 2022Expired
Future Notice Date
Not specified
Award Date
4 Oct 20223 years ago
Contract Period
30 Sep 2022 - 30 Sep 2024 2-3 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
DEFRA NETWORK ETENDERING PORTAL
Contact Name
Not specified
Contact Email
network.procurement@defra.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1P 3JR
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
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

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-a2b904b7-ce0c-4ac6-9b5c-c0c49ef90cfb-2022-10-12T11:47:37+01:00",
    "date": "2022-10-12T11:47:37+01:00",
    "ocid": "ocds-b5fd17-a2b904b7-ce0c-4ac6-9b5c-c0c49ef90cfb",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "tender_310803/1111485",
        "title": "Commercial Financial Advisor for the Thames Tideway Tunnel (TTT)",
        "description": "A direct award under C18 (NHS) Framework for the works for a Financial Adviser for the Thames Tideway Tunnel (TTT) project. There is no guaranteed spend under this contract and will depend on TTT requirements, managed closely by the contract manager.",
        "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"
                    }
                ]
            }
        ],
        "value": {
            "amount": 200000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2022-09-23T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2022-10-01T00:00:00+01:00",
            "endDate": "2024-09-30T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-42714",
            "name": "Defra Network eTendering Portal",
            "identifier": {
                "legalName": "Defra Network eTendering Portal"
            },
            "address": {
                "streetAddress": "17 Nobel House",
                "locality": "London",
                "postalCode": "SW1P 3JR",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "Network.Procurement@defra.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-183762",
            "name": "Ernst & Young",
            "identifier": {
                "legalName": "Ernst & Young"
            },
            "address": {
                "streetAddress": "London"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-42714",
        "name": "Defra Network eTendering Portal"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-a2b904b7-ce0c-4ac6-9b5c-c0c49ef90cfb-1",
            "status": "active",
            "date": "2022-10-05T00:00:00+01:00",
            "datePublished": "2022-10-12T11:47:37+01:00",
            "value": {
                "amount": 200000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-183762",
                    "name": "Ernst & Young"
                }
            ],
            "contractPeriod": {
                "startDate": "2022-10-01T00:00:00+01:00",
                "endDate": "2024-09-30T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/fd14681e-a4a7-45a2-8958-a72c1e19458c",
                    "datePublished": "2022-10-12T11:47:37+01:00",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "2",
                    "description": "n/a",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/38676096-dd50-4604-b2ea-5c0329951805",
                    "format": "application/pdf"
                }
            ]
        }
    ]
}