Award

TROP89-B08 Financial Advisors to Support Rail Contracts & Projects

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 1 release in its history.

Award

24 Mar 2026 at 14:38

Award Notice
Summary of the contracting process

The procurement process involves the Department for Transport (DfTc) as the contracting authority for the tender titled "TROP89-B08 Financial Advisors to Support Rail Contracts & Projects." This opportunity falls under the financial consultancy services category, with a primary focus on supporting rail contracts and projects. The procurement method employed is selective, specifically a call-off from a framework agreement, offering a contract valued at £575,450. The award process is in the completed stage, with key dates including the contract period from 23 March 2026 to 11 August 2027. This tender covers services across multiple locations such as the British Overseas Territories, Channel Islands, Isle of Man, and mainland UK, among others.

This tender provides significant growth opportunities for businesses specialising in financial consultancy services within the rail industry, particularly large-scale enterprises given the nature of the contract and its value. Ernst & Young LLP, a large organisation, has been awarded the contract, indicative of the scale of business well-suited for this opportunity. Companies that offer expertise in advising on financial matters related to rail projects and can navigate complex, multinational operational environments are ideal candidates for similar contracts in the future.

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Notice Information

Notice Title

TROP89-B08 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-c7416e23-760f-44e5-8ac5-8798250bcd95
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/282e5b9d-9782-4037-8459-734eb0fea105
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
£575,450 £500K-£1M
Lots Value
Not specified
Awards Value
£575,450 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
24 Mar 20261 weeks ago
Submission Deadline
16 Mar 2026Expired
Future Notice Date
Not specified
Award Date
20 Mar 20262 weeks ago
Contract Period
23 Mar 2026 - 11 Aug 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
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

ERNST & YOUNG

Further Information

Notice Documents

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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