Award

TROP0023-14 Franchise Financial Advisors

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 2 releases in its history.

AwardUpdate

20 Mar 2023 at 16:38

Award

18 May 2022 at 12:15

Summary of the contracting process

The Department for Transport (DfTc) has completed the procurement process for the provision of Financial Advisory services under the title "TROP0023-14 Franchise Financial Advisors". The contract, valued at £385,000 GBP, was awarded to Ernst & Young LLP. The procurement method used was selective, involving a call-off from a framework agreement. The contract period began on May 9, 2022, and is set to end on July 27, 2023. The procurement stage was completed through an award process on March 10, 2023.

This tender offers business growth opportunities for firms specialised in financial consultancy services. Businesses looking to compete in this procurement should have experience in offering financial advisory services. The Department for Transport's requirement for Financial Advisory services presents a lucrative opportunity for large advisory firms like Ernst & Young LLP to engage in providing their expertise. The geographical scope for delivery includes British Oversea Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom.

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Notice Title

TROP0023-14 Franchise Financial Advisors

Notice Description

This is a call off from TROP0023 Umbrella agreement. This call off is for the provision of Financial Advisory services for the TPE Direct Award.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-dee3e208-29ed-4aab-94be-128f277c2acb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/567b9e6e-5a40-4ec7-a3ba-65d9dd8f10b9
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
£385,000 £100K-£500K
Lots Value
Not specified
Awards Value
£385,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Mar 20232 years ago
Submission Deadline
8 Apr 2022Expired
Future Notice Date
Not specified
Award Date
18 May 20223 years ago
Contract Period
8 May 2022 - 27 Jul 2023 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
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

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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