Award

TROP89-B04 Financial Advisors to support Rail Contracts & Projects

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 1 release in its history.

Award

30 May 2025 at 10:33

Summary of the contracting process

The Department for Transport (DfTc), based in London, sought financial consultancy services to support rail contracts and projects under the tender title "TROP89-B04 Financial Advisors to support Rail Contracts & Projects". The procurement process, under the industry category of financial consultancy services (CPV code: 66171000), followed a selective method as a call-off from a framework agreement. This tender process reached the award stage, with the contract being valued at £826,170. The services will be delivered in locations including the UK, British Overseas Territories, Channel Islands, Isle of Man, Europe, and potentially worldwide. The tender period concluded on 13th April 2025, and the contract is set to run from 15th May 2025 until the end of 2026.

This tender presents significant growth opportunities particularly for large-scale businesses well-versed in providing financial advisory services, as indicated by the contract's partnership with Ernst & Young LLP. It is especially relevant for firms that can leverage their expertise in the rail sector, aligning their capabilities with the strategic transport infrastructure goals of the UK government. The contract supports international reach, allowing businesses to expand their consultancy footprint beyond the UK. Small and medium enterprises (SMEs) or voluntary, community and social enterprises (VCSEs) were not deemed specifically suitable for this opportunity, indicating a preference for companies with established frameworks and considerable capacity in handling substantial financial consultancy engagements.

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Notice Title

TROP89-B04 Financial Advisors to support Rail Contracts & Projects

Notice Description

Financial Advisors to support Rail Contracts & Projects

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c989683a-f7df-4adb-994d-f88ace7cfc61
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/05b37702-5c77-4a1c-8baa-7b48caf52e3b
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
£826,170 £500K-£1M
Lots Value
Not specified
Awards Value
£826,170 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
30 May 20259 months ago
Submission Deadline
13 Apr 2025Expired
Future Notice Date
Not specified
Award Date
13 May 20259 months ago
Contract Period
14 May 2025 - 31 Dec 2026 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

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)

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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