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Financial Advisors for Rail Matters

Merseytravel

This public procurement record has 3 releases in its history.

Award

16 Dec 2021 at 15:17

Award Notice
Award

05 Oct 2021 at 17:24

Award Notice
Tender

21 Jul 2021 at 17:05

Tender Notice
Summary of the contracting process

The Merseytravel has completed the procurement process for the contract titled "Financial Advisors for Rail Matters", which falls under the industry category of financial consultancy services. The procurement method was an open procedure with a total contract value of £750,000. This contract required a single financial services firm to act as Merseytravel's principal external financial advisors in relation to rail matters over a three-year period. The purchasing organisation is located at No.1 Mann Island, Liverpool, UKD7, and the contract was actively awarded on November 2, 2021.

This contract presents considerable opportunities for growth, particularly for established financial consultancy firms that have expertise in rail operations and public transport sectors. Businesses looking to partner with Merseytravel would benefit from a solid track record in providing financial advisory services, as well as experience in working collaboratively with other external consultants. Such firms should be well-equipped to contribute to high-quality and aligned advisory services across various departments within Merseytravel, including legal, finance, and integrated transport teams.

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Notice Information

Notice Title

Financial Advisors for Rail Matters

Notice Description

Merseytravel wishes to appoint a single Financial Services firm to act as its principal external financial advisors in relation to rail matters for a period of 3 years. The appointed financial advisors, together with externally appointed commercial,legal and technical advisors as appropriate, will advise a variety of staff within Merseytravel and LCRCA including: * Directors * Integrated Transport and Rail Teams * Rolling Stock Team * OLR Team * Legal Team * Finance Team It will be vital to form coherent and cohesive working teams and ensure that advice and workstreams are aligned throughout the organisation. Given the technical and specialist nature of rail operations, the appointed financial advisors may be required to advise in conjunction with other external consultants including commercial, legal and technical advisors. In delivering the services financial advisors will also be required to work closely with members of Merseytravel's internal finance team and where possible help to upskill them in relevant areas and disciplines.

Lot Information

Lot 1

Merseytravel wishes to appoint a single Financial Services firm to act as its principal external financial advisors in relation to rail matters for a period of 3 years. The appointed financial advisors, together with externally appointed commercial,legal and technical advisors as appropriate, will advise a variety of staff within Merseytravel and LCRCA including: * Directors * Integrated Transport and Rail Teams * Rolling Stock Team * OLR Team * Legal Team * Finance Team It will be vital to form coherent and cohesive working teams and ensure that advice and workstreams are aligned throughout the organisation. Given the technical and specialist nature of rail operations, the appointed financial advisors may be required to advise in conjunction with other external consultants including commercial, legal and technical advisors. In delivering the services financial advisors will also be required to work closely with members of Merseytravel's internal finance team and where possible help to upskill them in relevant areas and disciplines.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02caea
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/031450-2021
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

80 - Education and training services

CPV Codes

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

80000000 - Education and training services

80510000 - Specialist training services

80511000 - Staff training services

80570000 - Personal development training services

Notice Value(s)

Tender Value
£125,098 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£909,648 £500K-£1M

Notice Dates

Publication Date
16 Dec 20214 years ago
Submission Deadline
23 Aug 2021Expired
Future Notice Date
Not specified
Award Date
29 Sep 20214 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Merseytravel
Additional Buyers

NI Prison Service

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BELFAST
Postcode
L3 1BP
Postcode Area
Liverpool
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
TLD7 Merseyside
Local Authority
Liverpool
Electoral Ward
Waterfront South
Westminster Constituency
Liverpool Riverside

Supplier Information

Number of Suppliers
2
Supplier Names

Grant Thornton UK LLP

This information has been withheld

Further Information

Open Contracting Data Standard (OCDS)

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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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