Award

Advanced Fuels Fund Delivery Partner FY25/26

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 1 release in its history.

Award

16 May 2025 at 10:53

Summary of the contracting process

The Department for Transport (DfT) has awarded a contract to Ricardo as the Delivery Partner for the Advanced Fuels Fund for fiscal year 2025/26. The procurement process, identified as a selective method and a call-off from a dynamic purchasing system, concluded with the award on 7th May 2025, valued at £350,000. This contract spans from 1st April 2025 to 30th June 2026 and involves financial consultancy services. Serving the United Kingdom and potentially other global regions, this initiative aims to support the evaluation of applicants and manage post-award activities.

This contract presents substantial opportunities for growth, especially for businesses offering financial consultancy and transactional services. Ricardo, being a large-scale enterprise, is already engaged as a supplier, demonstrating the opportunities for experienced firms in this sector. Small and medium-sized enterprises (SMEs) might find particular advantages in entering similar procurement processes, fostering innovation and expansion in financial services linked to transport and advanced fuel technologies. Engaging in such contracts can help businesses enhance their portfolio in governmental consulting work and expand their market reach internationally.

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Notice Title

Advanced Fuels Fund Delivery Partner FY25/26

Notice Description

The Department for Transport (DfT) is seeking to appoint a Delivery Partner to support delivery of the third window of the Advanced Fuels Fund (AFF). This will include evaluating applicants, drafting grant agreements, and monitoring the post-award funding.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-eac55535-99a8-49f1-88a6-740c08dffdd6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7970e1c3-622c-431c-9950-0b2fe8ea0ed1
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£350,000 £100K-£500K
Lots Value
Not specified
Awards Value
£350,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 May 20259 months ago
Submission Deadline
28 Jan 2025Expired
Future Notice Date
Not specified
Award Date
6 May 20259 months ago
Contract Period
31 Mar 2025 - 30 Jun 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
Not specified
Contact Email
redacted@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

RICARDO

Open Contracting Data Standard (OCDS)

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