Award

TROP89-C03 Financial Advisors to support Rail Contracts & Projects

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 2 releases in its history.

AwardUpdate

13 Dec 2024 at 15:57

Award Notice
Award

31 Oct 2024 at 15:16

Award Notice
Summary of the contracting process

The Department for Transport (DfT) has completed the procurement process for selecting financial advisors to support rail contracts and projects. The tender titled "TROP89-C03 Financial Advisors to support Rail Contracts & Projects" falls under the services industry category of financial consultancy services (CPV: 66171000). The procurement was conducted via a selective method, specifically a call-off from a framework agreement, indicating a planned and structured approach. Key dates included the tender period ending on 27th October 2024, with the contract running from 30th October 2024 to 31st December 2024. The project's scope covers various locations including the British Overseas Territories, Channel Islands, Europe, the Isle of Man, and the United Kingdom. The award date was 3rd December 2024.

This tender represents a significant opportunity for businesses specializing in financial consultancy, particularly those experienced in rail infrastructure projects. The project, valued at GBP 11,881, was awarded to Grant Thornton UK LLP, a large-scale provider. While SMEs and VCSEs were not specifically targeted for this procurement, larger consultancy firms with the capacity to handle comprehensive rail contract advisory roles are well-suited to such opportunities. Engaging in these public procurement contracts can enable business growth by enhancing a company's portfolio, providing extensive exposure, and facilitating expertise in high-stakes, government-backed projects.

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Notice Information

Notice Title

TROP89-C03 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-ae07e511-f222-4aab-874e-e0cc3865b5dd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1aa072c5-6100-4c53-b24b-c099850cee51
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
£11,881 Under £100K
Lots Value
Not specified
Awards Value
£11,881 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
13 Dec 20241 years ago
Submission Deadline
27 Oct 2024Expired
Future Notice Date
Not specified
Award Date
31 Oct 20241 years ago
Contract Period
30 Oct 2024 - 31 Dec 2024 1-6 months
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
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

GRANT THORNTON

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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