Award

Financial Advice in relation to Government Support to the UK Aviation Sector Contract Award Notice

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 1 release in its history.

Award

10 Feb 2022 at 11:55

Award Notice
Summary of the contracting process

The Department for Transport (DfTc) has successfully awarded a contract for financial consultancy services titled "Financial Advice in relation to Government Support to the UK Aviation Sector." This procurement process was initiated to address the significant impacts of the COVID-19 pandemic on the aviation industry in the UK, with the contract having a total value of £576,000. The award was finalised on 23rd December 2021, and the contract period runs from 25th January 2022 to 24th July 2022. The procurement method used was selective, with a call-off from a framework agreement, and the project is classified within the services industry category.

This tender presents valuable opportunities for businesses specialising in financial consultancy, particularly those with expertise in aviation or governmental economic support measures. Companies with a proven track record in providing financial advisory services may find suitable prospects for growth and collaboration, particularly those experienced in navigating the unique challenges faced by the aviation sector in the aftermath of the pandemic. Engaging with DfTc could enhance their portfolio and foster long-term partnerships in future government-related projects.

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Notice Information

Notice Title

Financial Advice in relation to Government Support to the UK Aviation Sector Contract Award Notice

Notice Description

Due to the COVID-19 virus outbreak, there has been a very significant detrimental impact on the aviation sector, both globally and within the UK. This has led to the deteriorating financial position of many entities in the UK aviation market. The Government has already made available support in the form of an unprecedented package of economic measures, including support through loan guarantees, support for exporters, and financial support for employees. Through delivery of the project, the Government is refreshing and deepening its understanding and knowledge of the financial positions of entities in the aviation sector and developing a stronger evidence base in making both short- and long-term decisions. Any detailed formal discussions and negotiations with companies seeking financial support will likely require dedicated financial advisor support which would be procured separately and additionally to this overarching contract.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bc8bbeb3-0982-4f49-b039-0e357299a4cc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a1303a15-9c81-4c1e-981e-14e0787c4cd8
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
£576,000 £500K-£1M
Lots Value
Not specified
Awards Value
£576,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
10 Feb 20224 years ago
Submission Deadline
17 Dec 2021Expired
Future Notice Date
Not specified
Award Date
23 Dec 20214 years ago
Contract Period
25 Jan 2022 - 24 Jul 2022 6-12 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
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
TLI London
Local Authority
Westminster
Electoral Ward
Vincent Square
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

ROTHSCHILD

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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