Award

TROP89-B01 Financial Advisors to support Rail Contracts & Projects

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 1 release in its history.

Award

13 Dec 2024 at 10:55

Award Notice
Summary of the contracting process

The Department for Transport (DfT) has completed the procurement process for financial consultancy services to support rail contracts and projects, titled "TROP89-B01 Financial Advisors to support Rail Contracts & Projects". This contract falls under the industry category of financial consultancy services (CPV code 66171000) and covers a broad geographical scope, including the British Overseas Territories, Channel Islands, Europe, Isle of Man, United Kingdom, and the rest of the world. The procurement was carried out using a selective method via a call-off from a framework agreement. The relevant tender period concluded on 2nd October 2024, with the contract set to run from 1st December 2024 to 30th November 2025. The procurement stage of this process is 'Award', with the final award made on 4th December 2024.

This tender presents significant opportunities for financial consultancy firms, particularly those experienced with large-scale infrastructure projects. Businesses such as large consultancy firms specializing in financial services for the transport sector stand to benefit from similar projects given their scale and complexity. Although this specific tender was not designated as suitable for SMEs or VCSEs, large organisations with a strong background in financial advisory for rail contracts could leverage such opportunities for growth. The awarded contract, valued at £211,400, was secured by Ernst & Young LLP, reflecting the high standards and expertise required for successful bids. Firms capable of delivering specialised financial advisory services could position themselves favourably for future tenders under similar frameworks.

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Notice Information

Notice Title

TROP89-B01 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-e5992c1e-b219-4981-a44b-60f8b3f5b6be
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/93a2ccab-71fc-4fbb-a8bf-1bb3fa8fe803
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
£211,400 £100K-£500K
Lots Value
Not specified
Awards Value
£211,400 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
13 Dec 20241 years ago
Submission Deadline
2 Oct 2024Expired
Future Notice Date
Not specified
Award Date
4 Dec 20241 years ago
Contract Period
1 Dec 2024 - 30 Nov 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
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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