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Find a Tender Service (UK Cabinet Office / Crown Commercial Service) verified 6 days ago Contract notice

Provision of Heathrow Expansion Banking Advisor

Open United Kingdom Financial & insurance services

Buyer Department for Transport

21 days left

Key facts

Closes
17:00 (UTC+1)
Estimated value
€3.5M
€3,488,940 · converted from GBP
Procedure
Open procedure
  1. Published
  2. Today
  3. Deadline open for 28 days
  4. Awarded pending
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Summary

Machine-generated summary

The Department for Transport is seeking an experienced Banking Adviser to provide independent financial and commercial advice supporting the Heathrow expansion programme, which aims to deliver an operational third runway by 2035 through a privately financed, market-led model. The adviser will advise on financeability, debt and equity market appetite, affordability, risk allocation, investor confidence, measures to reduce delivery risk, government exposure to costs, delivery structures, governance and commercial models, and emerging financing and regulatory issues. A strategic financeability assessment is required every six months. The contract runs for three years with an option to extend by one year. Communications go through the Jaggaer portal using the code itt_3358.

Description

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 £3 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.

Bid or no-bid?

Six questions before you commit a team. Under each one, what the register holds on it. The answers are yours.

  1. In your favour:

    Do we meet every eligibility criterion?

    Open procedure: any interested supplier may submit a bid.

  2. Your call:

    Can we deliver this with the team we have?

    Estimated at €3.5M.

  3. Your call:

    Do we have two comparable references?

    Comparable work is in Financial & insurance services.

  4. In your favour:

    Is the deadline realistic for a proper offer?

    21 days left, 15 of them working days.

  5. Your call:

    Is there a margin at the likely winning price?

    In this country this kind of contract is usually awarded for between €65,365 and €461,297.

  6. Your call:

    Do we know this buyer?

    The buyer has 46 notices in the register and no pattern of winners yet.

Can I bid?

  • Open procedure: any interested supplier may submit a bid.
  • Documents in English.

Official source

Source: Find a Tender Service (UK Cabinet Office / Crown Commercial Service)

Always verify details on the official notice.

Report an error in this notice

Last verified against Find a Tender Service (UK Cabinet Office / Crown Commercial Service) 6 days ago

Documents on Find a Tender Service (UK Cabinet Office / Crown Commercial Service) (English)

View the official notice

What this market pays

The buyer has too few awards of its own in this sector, so this is the range of the last 146 awards for Financial & insurance services in United Kingdom.

This notice
€3.5M
Median award
€150,307
Middle half of past awards
€65,365 to €461,297

The estimate is larger than three in four past awards.

Award values as published by the official sources. Use them as a guide, not a rule: scope, lots and duration differ between contracts.

The buyer

Full buyer profile

Department for Transport

United Kingdom

notices in the register
46
awards
29

One dot per award, on the day it was signed, sized by its value. A ring is an award with no published value.

This buyer has no award history in this sector yet. Usual winners, Financial & insurance services - United Kingdom

Company Wins Total awarded Last win
Arthur J. Gallagher Insurance Brokers Ltd 13 €3.2M Aug 2026
ALLPAY LIMITED 11 €6.9M Sep 2026
HYMANS ROBERTSON LLP 4 €1.4M Jun 2026
ARLINGCLOSE LIMITED 4 €392,333 Aug 2026
Northern Trust 3 €7.6M Apr 2026

Based on 175 awards with a linked company profile over the last 2 years.

11 open tenders right now

Market context

Larger than 82% of the open notices in Financial & insurance services across Europe.

open now in Financial & insurance services
3,327
median open notice
€452,428

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