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TROP89-C02 Financial Advisors to support Rail Contracts & Projects

DfTc - Department for Transport

This public procurement record has 4 releases in its history.

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01 Apr 2025 at 11:34

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17 Oct 2024 at 12:53

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01 Oct 2024 at 10:29

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06 Sep 2024 at 12:17

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Summary of the contracting process

The Department for Transport (DfTc) has concluded the procurement process for "TROP89-C02 Financial Advisors to support Rail Contracts & Projects," focusing on financial consultancy services within the rail industry. This selective procurement method involved calling off from a framework agreement. The contract, valued at £187,500, was awarded to Grant Thornton UK LLP and covers multiple regions including the British Oversea Territories, Channel Islands, Europe, Isle of Man, the Rest of the World, and the United Kingdom. The tender process ended on 9th October 2024, and the contract period runs from 10th October 2024 to 1st August 2025.

This tender presents significant opportunities for firms in the financial consultancy sector, particularly those with expertise in supporting rail contracts and projects. While SMEs and VCSEs were deemed unsuitable for this specific procurement, large-scale financial advisory firms are well-positioned to leverage this opportunity for business growth. Participating in such high-value contracts with a prestigious buyer like the DfTc could enhance business credibility and open doors for future engagements, fostering long-term sectoral growth and development.

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Notice Information

Notice Title

TROP89-C02 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-c6149500-1bba-472b-8603-b603961d3519
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a0bab4ef-87a9-4fa4-a439-9fa12ef60b9a
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
£187,500 £100K-£500K
Lots Value
Not specified
Awards Value
£187,500 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Apr 20251 years ago
Submission Deadline
9 Oct 2024Expired
Future Notice Date
Not specified
Award Date
7 Aug 20242 years ago
Contract Period
10 Oct 2024 - 1 Aug 2025 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
Postcode Area
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
5
Supplier Names

Deloitte LLP

Ernst & Young LLP (EY)

Grant Thornton UK LLP

PricewaterhouseCoopers LLP

KPMG LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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