Award

TROP89-C05 Financial Advisors to support Rail Contracts & Projects

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 2 releases in its history.

AwardUpdate

10 Feb 2026 at 10:19

Award Notice
Award

11 Jul 2025 at 14:52

Award Notice
Summary of the contracting process

The Department for Transport (DfTc) has completed a procurement process for the project titled "TROP89-C05 Financial Advisors to support Rail Contracts & Projects," aimed at providing financial consultancy services. The procurement, conducted through a selective method as a call-off from a framework agreement, concluded with an award update on 10th February 2026. The contract, valued at £311,436, commenced on 1st August 2025 and will end on 26th February 2027. The services are set to be delivered across the United Kingdom, British Overseas Territories, Channel Islands, Isle of Man, Europe, and worldwide, with Grant Thornton UK Advisory & Tax LLP as the appointed supplier. The procurement stage is now complete with the status of the process being "awardUpdate" as of the latest document.

This contract represents a significant opportunity for businesses in the financial consultancy industry, particularly those capable of supporting large-scale rail projects. While the contract was awarded to a large-scale enterprise, being competitive in similar future tenders could allow businesses to expand their portfolios and access contracts beyond the UK, given the wide range of delivery locations stipulated. Companies with expertise in financial advisory services, who have the capacity to engage in framework agreements and serve multiple jurisdictions, are well-suited to engage in such contracts to position themselves for growth in public sector projects.

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Notice Information

Notice Title

TROP89-C05 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-c1b24060-7bea-4e29-b490-8f7b12db4e80
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6b4c4b93-bee5-4399-9410-fddab0835d08
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
£311,436 £100K-£500K
Lots Value
Not specified
Awards Value
£311,436 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Feb 20261 weeks ago
Submission Deadline
24 Jun 2025Expired
Future Notice Date
Not specified
Award Date
8 Jul 20257 months ago
Contract Period
31 Jul 2025 - 26 Feb 2027 1-2 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
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 UK ADVISORY & TAX

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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