Award

TROP0023-2 Franchise Financial Advisors

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 1 release in its history.

Award

24 Dec 2021 at 17:31

Award Notice
Summary of the contracting process

The Department for Transport (DfTc) is seeking to provide Financial Advisory services under the tender titled "TROP0023-2 Franchise Financial Advisors." This procurement falls under the services category, specifically classified as Financial consultancy services (CPV code: 66171000). The contract, which has a total value of £491,832, is currently at the Award stage, having been awarded to Ernst & Young LLP on 23rd November 2020, with the contract period spanning from 25th November 2020 to 30th July 2021. The tender process followed a selective procurement method via a call-off from a framework agreement, and the key delivery locations include the United Kingdom and various territories. The tender period concluded on 20th November 2020.

This opportunity could facilitate business growth for firms specializing in financial consultancy services, particularly those with experience in public sector contracts. Businesses capable of providing comprehensive financial advisory services would be well-suited to compete for similar tenders in the future. As strategic partners in governmental projects, successful bidders can not only expand their service offerings but also strengthen their reputation and network within the public sector.

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Notice Information

Notice Title

TROP0023-2 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 TPE Direct Award.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ed40ce94-232d-43e2-98da-f3e3d379f540
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0369a3ff-b043-42e7-9b09-b865d244787a
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
£491,832 £100K-£500K
Lots Value
Not specified
Awards Value
£491,832 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Dec 20214 years ago
Submission Deadline
20 Nov 2020Expired
Future Notice Date
Not specified
Award Date
23 Nov 20205 years ago
Contract Period
25 Nov 2020 - 30 Jul 2021 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
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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