---
title: "Financial Advisers for Major Projects"
ocid: "ocds-b5fd17-f7497e49-2de3-4fd4-8b19-b87eec828f4a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-f7497e49-2de3-4fd4-8b19-b87eec828f4a"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-f7497e49-2de3-4fd4-8b19-b87eec828f4a.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-f7497e49-2de3-4fd4-8b19-b87eec828f4a.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "O F W A T"
published: "2026-02-09"
---

# Financial Advisers for Major Projects

Buyer: O F W A T  
Current stage: Award  
OCID: ocds-b5fd17-f7497e49-2de3-4fd4-8b19-b87eec828f4a

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## Summary

The procurement process "Financial Advisers for Major Projects" involves the appointment of a panel of up to three financial advisers to support Ofwat's Major Projects team. The contracting authority responsible for this procurement is Ofwat, located in Birmingham, United Kingdom. The project falls under the business and management consultancy services category and covers locations including the West Midlands and London. This tender is a selective procurement method executed through a call-off from a framework agreement using the Crown Commercial Service Management Consultancy Framework Four (MCF4) Lot 4 Finance. The procurement has reached the award stage, with the contract period running from 8 December 2025 to 7 December 2028. The procurement contract's total value is GBP 3.5 million.

This tender presents a significant opportunity for financial advisory firms, especially those with expertise in providing financial advice, reviewing value for money analyses, and developing financial models. Given the scale of the projects and policy development involved, large and small to medium enterprises (SMEs) with financial consulting capabilities are well-suited to compete for engagement opportunities. By becoming a supplier on this panel, firms such as Deloitte LLP, Grant Thornton UK Advisory & Tax LLP, and Ernst & Young LLP have gained an entry point into a high-value public sector market, offering potential business growth. The framework encourages standardising processes and reducing transaction costs, which benefits advisory firms by fostering long-term partnerships and consistent project pipelines.

## Notice

Awarded using Crown Commercial Service (CCS) Management Consultancy Framework Four (MCF4) (RM6309), Lot 4 Finance. The Major Projects team is seeking to appoint a panel of up to three Financial Advisers ("Suppliers") to support its work in the delivery of the Major Projects pipeline. Being on the panel does not guarantee any engagements (or Work Packages), but the Major Projects team will seek to procure all financial advice relating to the delivery of new projects and the development of policy from the panel. The requirement may include some work commissioned by the Ofwat element of RAPID. Background and an overview of the Major Projects pipeline can be found at the following link: A-Major-Projects-Guide-for-Investors-June-2025.pdf The above document lists all the projects in the pipeline and gives a brief overview of each one. Ofwat has already appointed advisers for some projects (see above), but the vast majority will be procured in the future. Our requirements We are seeking expert financial advice in relation to policy development and all projects in the Major Project pipeline. We expect financial advisers to assist with the following: * Advising on the commercial and regulatory approach proposed by companies on projects, considering the interests of customers, stakeholders and other key parties. * Review the appointees' VfM analysis. * Review and advise on project's financial models and analysis. * Support the overall development of the Major Project programme. * The Supplier must work with Ofwat and our other advisors to provide financial advice as appropriate. At each Major Projects stage, we may require the Supplier to provide a short report on the Appointee's submissions and we will agree the scope of the report at the time. As part of delivering the above scope, we will also require the Supplier to support Ofwat in meetings with the Appointees, their advisors and also Ofwat's other advisors who are supporting Ofwat on the projects. While each project is separate, we have an objective to develop more standardised processes and arrangements across all projects, where appropriate. By appointing a small number of Suppliers, we expect them to actively contribute to the improvement of processes and efficiencies across the whole pipeline by reducing transaction costs and standardising approaches (e.g. solving problems once). We will also require the Supplier, from time to time, to support us on general policy issues and this will be discussed with the Supplier at the time.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/29671cf7-cc78-4178-8d3b-548d7dbf63ae |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME |
| Awardee scale | Large, SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 9 Feb 2026 |
| Submission deadline | 10 Nov 2025 |
| Future notice date | Not specified |
| Award date | 5 Dec 2025 |
| Contract period | 8 Dec 2025 - 7 Dec 2028 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £3,500,000 |
| Lots value | Not specified |
| Awards value | £1,166,666 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | O F W A T |
| Locality | BIRMINGHAM |
| Post town | Birmingham |
| Postcode | B5 4UA |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG31 Birmingham |
| Local authority | Birmingham |
| Electoral ward | Ladywood |
| Westminster constituency | Birmingham Ladywood |
| Delivery location | TLG West Midlands (England), TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 3 |
| Supplier names | DELOITTE; ERNST & YOUNG; GRANT THORNTON UK ADVISORY & TAX |

## CPV Codes

### Divisions

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

### Codes

- 79410000 - Business and management consultancy services

## Release History

- 9 Feb 2026 at 12:52 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/29671cf7-cc78-4178-8d3b-548d7dbf63ae

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/29671cf7-cc78-4178-8d3b-548d7dbf63ae
  9th February 2026 - Awarded contract notice on Contracts Finder

## Provenance

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