Tender

OPDC Accountancy Support- Subsidiaries Financial Services

TRANSPORT FOR LONDON

This public procurement record has 1 release in its history.

Tender

08 Sep 2025 at 09:52

UK4 - Tender Notice
Summary of the contracting process

Transport for London (TfL) is seeking financial consultancy services through an open procurement process for its OPDC Accountancy Support project focused on subsidiaries' financial services. The procurement is part of the land assembly programme within the Old Oak and Park Royal area. Key responsibilities include managing financial aspects of acquired Special Purpose Vehicles (SPVs). This tender, classified under financial consultancy, accounting, and financial management consultancy services, is open until 23 October 2025 and requires submissions to be completed via the TfL SAP Ariba Portal. The contract is valued at £350,000, potentially extending over a three-year period with a possibility of an additional two-year renewal.

This tender presents an opportunity for businesses specialising in financial management and consultancy services to expand their portfolio with a significant public sector client. Ideal candidates are companies adept in managing complex financial operations within high-profile real estate projects. Given the role's focus on statutory accounting and integrating financial results into larger public financial reporting, firms experienced with government contracts and small to medium enterprises (SMEs) are encouraged to apply. The tender's open procedure allows for broad participation, offering a chance to establish long-term relationships with TfL.

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Notice Information

Notice Title

OPDC Accountancy Support- Subsidiaries Financial Services

Notice Description

As part of its land assembly programme, OPDC has acquired land interests either by directly purchasing within the Old Oak and Park Royal area, or by purchasing a number of Special Purpose Vehicles (SPVs) which in turn hold the land interest. To date, OPDC has purchased the following SPVs, all of which are 100% owned by OPDC: OPDC requires good financial management of each SPV in order to meet statutory requirements for preparing accounts and paying relevant taxes. This directors of the SPVs, who are OPDC Executive Directors, also have certain responsibilities for which they are personally liable. In addition, the financial results from each SPV are incorporated into OPDC's and the GLA's financial reporting and accounts. Therefore good financial management and control of these subsidiaries is essential for OPDC.

Lot Information

Lot 1

Renewal: An initial three year contract with the option to extend the contract for a further two years (1+1) at the Authority's discretion.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-059593
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/054552-2025
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

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

79211000 - Accounting services

79412000 - Financial management consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
8 Sep 20255 months ago
Submission Deadline
23 Oct 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
28 Nov 2025 - 28 Nov 2028 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
TRANSPORT FOR LONDON
Contact Name
Benjamin Osae-KLwapong
Contact Email
benjaminosaekwapong@tfl.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
Not specified
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

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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