Award

FINANCIAL ADVISORS

THE DEPARTMENT FOR TRANSPORT

This public procurement record has 2 releases in its history.

AwardUpdate

30 Nov 2020 at 14:57

Award

07 Jul 2020 at 13:14

Summary of the contracting process

The Department for Transport has sought financial advisory services through a selective procurement process, titled "Financial Advisors". This tender is classified under the CPV code for financial and insurance services, with a total contract value of £220,000. The award period commenced on 30 March 2020 and concluded on 30 September 2020. The call-off was made under a framework agreement, with the procurement stage having reached completion as of 29 March 2020. This opportunity was available to suppliers based in the United Kingdom.

This tender presents significant growth opportunities for businesses specialising in financial consultancy and advisory services, especially those able to deliver high-quality financial insights and support to governmental organisations. While the awarded contract has been secured by Deloitte, other established firms and consultancies focusing on public sector financial advice could still benefit from understanding their approach and potentially bidding for future similar contracts. The procurement method indicates the possibility of further opportunities through framework agreements in this industry.

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Notice Title

FINANCIAL ADVISORS

Notice Description

FINANCIAL ADVISORS TO DFT

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b43811a0-131a-4dc8-8dad-69807b909f7a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/aa3b4199-e090-41c3-afe9-ff142e80eadc
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

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£220,000 £100K-£500K
Lots Value
Not specified
Awards Value
£220,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Nov 20205 years ago
Submission Deadline
29 Mar 2020Expired
Future Notice Date
Not specified
Award Date
29 Mar 20205 years ago
Contract Period
29 Mar 2020 - 30 Sep 2020 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
THE 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

DELOITTE

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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