---
title: "Provision of Heathrow Expansion Banking Advisor"
ocid: "ocds-h6vhtk-077a87"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-077a87"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-077a87.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-077a87.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "THE DEPARTMENT FOR TRANSPORT"
published: "2026-09-25"
---

# Provision of Heathrow Expansion Banking Advisor

Buyer: THE DEPARTMENT FOR TRANSPORT  
Current stage: Tender  
OCID: ocds-h6vhtk-077a87

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## Summary

The Department for Transport is seeking an independent banking and financial adviser for the Heathrow expansion programme. The adviser will provide sponsor-side financial and commercial advice on whether expansion can be financed and delivered, debt and equity market appetite, affordability, risk allocation, investor confidence, government exposure to costs and risks, delivery structures, governance and commercial models, and emerging financing or regulatory issues. The work also includes a strategic financeability assessment every six months and may include additional services commissioned as programme priorities change. The programme aims to enable a privately financed, market-led expansion, including an operational third runway at Heathrow Airport. The work relates to Heathrow Airport in the United Kingdom. This is specialist financial consultancy and advisory work, with infrastructure finance, market and commercial analysis at its core.

The Department for Transport invited tenders through an open procedure. The enquiry deadline was 13 October 2026 at 12:00 and the tender submission deadline was 23 October 2026 at 17:00. The contract is scheduled to run from 4 January 2027 to 4 January 2030, with an option to extend by one year, to 3 January 2031. The estimated value is approximately £3 million excluding VAT. Evaluation is staged: technical and social value accounts for 70%, presentation and interview for 10%, and price for 20%. The first stage assesses experience, technical capability, understanding of Heathrow’s challenges, delivery approach, team and governance, pricing for future work and wider social value; up to three top-scoring bidders proceed to a scenario-based interview. Price is assessed against six assessments and the monthly retainer.

This opportunity suits financial advisory firms with demonstrable experience in infrastructure finance, capital markets, debt and equity advice, financeability assessments and regulated infrastructure financing models. Experience advising government or comparable clients is specifically relevant. Suppliers need to show they can analyse the financing, affordability and investor considerations of a major infrastructure programme, and provide independent, evidence-based advice on complex commercial and financial questions. The assessment favours a credible delivery model, strong governance and suitably qualified key personnel, with capacity to mobilise quickly, respond at short notice and maintain service through changing market, regulatory and programme conditions. Bidders should be prepared to explain how they will manage conflicts of interest, business continuity and future work pricing, as well as deliver wider economic and social value. Small and medium-sized enterprises are identified as suitable to compete.

## Notice

The Department for Transport (DfT) is seeking to appoint an experienced Banking Adviser to provide independent financial and commercial advice in support of the Heathrow expansion programme. The Government's ambition is to enable the delivery of an operational third runway at Heathrow Airport by 2035 through a privately financed, market-led delivery model. As one of the UK's largest and most complex infrastructure programmes, Heathrow expansion presents significant financing, affordability, delivery and regulatory challenges. The successful Adviser will act as a sponsor-side adviser to DfT, providing independent advice on matters including: * The financeability and financial deliverability of Heathrow expansion; * Debt and equity market appetite and financing conditions; * Affordability, risk allocation and investor confidence; * Measures to improve financeability and reduce delivery risk; * Government exposure to programme costs and risks; * Delivery structures, governance arrangements and commercial models; and * Emerging financing, commercial and regulatory issues. The successful Adviser will also be required to deliver a strategic financeability assessment every six months throughout the contract term. The anticipated contract term is three (3) years with an option to extend for a further one (1) year. The estimated total contract value is approximately PS3 million (excluding VAT). Suppliers wishing to participate in this procurement must register on the Jaggaer portal and access the procurement documentation through that system. Tender submissions, clarification questions and all procurement communications must be conducted via Jaggaer. 1. To enrol an account on DfTs Jaggaer platform (if your organisation does not already have one), please navigate to: https://dft.app.jaggaer.com/web/login.html 2. ITT Code =itt_3358 Once registered, please access the event using the below link: https://dft.app.jaggaer.com/go/8716167101A0D8503795 In addition, suppliers must ensure they have completed the relevant supplier registration requirements on the Central Digital Platform (CDP) in accordance with the Procurement Act 2023. Full details of the requirement, scope of services, procurement process, evaluation methodology, timetable and submission requirements are contained within the Invitation to Tender (ITT) documentation available through the Jaggaer portal. Interested suppliers are strongly encouraged to review the complete ITT pack and all associated appendices before preparing a Tender submission.

### Lot Information

Lot 1

Options: The Contract includes a provision for the commissioning of additional services through Statements of Work (SoWs), enabling the Authority to procure supplementary requirements as programme priorities, emerging issues and key decision points arise.

Renewal: This contract contains a +1-year extension provision.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/090985-2026 |
| 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 |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 25 Sep 2026 |
| Submission deadline | 23 Oct 2026 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 4 Jan 2027 - 4 Jan 2030 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £3,000,000 |
| Lots value | £3,000,000 |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE DEPARTMENT FOR TRANSPORT |
| Locality | LONDON |
| Postcode area | South West London |
| Postcode | SW1P 4DR |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | Vincent Square |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## CPV Codes

### Divisions

- 66 - Financial and insurance services
- 71 - Architectural, construction, engineering and inspection services

### Codes

- 66170000 - Financial consultancy, financial transaction processing and clearing-house services
- 66171000 - Financial consultancy services
- 71241000 - Feasibility study, advisory service, analysis

## Release History

- 25 Sep 2026 at 13:07 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/090985-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/090985-2026
  25th September 2026 - Tender notice on Find a Tender

## Notice URLs

- https://dft.app.jaggaer.com/go/8716167101A0D8503795
- https://dft.app.jaggaer.com/web/login.html
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-077a87. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-077a87.json.