Award

Financial Advisors for Rail Matters

MERSEYTRAVEL

This public procurement record has 1 release in its history.

Award

16 Dec 2021 at 16:58

Award Notice
Summary of the contracting process

The procurement process involves Merseytravel, based in Liverpool, which is seeking to appoint a single financial services firm as its principal external financial advisor for rail matters. This contract, titled "Financial Advisors for Rail Matters," falls under the industry category of financial consultancy services and has a total value of £750,000. The procurement method employed is an open procedure, with the tender period having officially concluded on 1st September 2021. The contract is set to commence on 3rd November 2021 and will run for three years until 3rd November 2024.

This tender presents significant opportunities for financial consultancy firms, particularly those with expertise in rail operations and a capability to collaborate effectively with various teams within Merseytravel and its external partners. Businesses that can deliver specialized financial advice, as well as upskill internal teams in relevant areas, would be particularly well-suited to compete for this contract. The focus on creating cohesive working relationships positions candidates who excel in teamwork and client interaction at a competitive advantage.

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Notice Information

Notice Title

Financial Advisors for Rail Matters

Notice Description

Merseytravel wishes to appoint a single Financial Services firm to act as its principal external financial advisors in relation to rail matters for a period of 3 years. The appointed financial advisors, together with externally appointed commercial,legal and technical advisors as appropriate, will advise a variety of staff within Merseytravel and LCRCA including: * Directors * Integrated Transport and Rail Teams * Rolling Stock Team * OLR Team * Legal Team * Finance Team It will be vital to form coherent and cohesive working teams and ensure that advice and workstreams are aligned throughout the organisation. Given the technical and specialist nature of rail operations, the appointed financial advisors may be required to advise in conjunction with other external consultants including commercial, legal and technical advisors. In delivering the services financial advisors will also be required to work closely with members of Merseytravel's internal finance team and where possible help to upskill them in relevant areas and disciplines.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b786b572-6c48-4208-99ae-c913bcd35ae5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2379ee49-158e-408d-a6cd-23675e7b3c1f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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
£750,000 £500K-£1M
Lots Value
Not specified
Awards Value
£750,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
16 Dec 20214 years ago
Submission Deadline
1 Sep 2021Expired
Future Notice Date
Not specified
Award Date
2 Nov 20214 years ago
Contract Period
15 Nov 2021 - 14 Nov 2024 3-4 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
MERSEYTRAVEL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LIVERPOOL
Postcode
L3 1BP
Post Town
Liverpool
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Liverpool
Electoral Ward
Waterfront South
Westminster Constituency
Liverpool Riverside

Supplier Information

Number of Suppliers
1
Supplier Name

GRANT THORNTON

Further Information

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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