Lower Thames Crossing- Strategic Sale Advisor

{
  "awards": [
    {
      "id": "2",
      "items": [
        {
          "additionalClassifications": [
            {
              "description": "Investment banking services and related services",
              "id": "66120000",
              "scheme": "CPV"
            }
          ],
          "deliveryAddresses": [
            {
              "country": "GB",
              "countryName": "United Kingdom",
              "region": "UK"
            }
          ],
          "id": "1",
          "relatedLot": "1"
        }
      ],
      "mainProcurementCategory": "services",
      "relatedLots": [
        "1"
      ],
      "status": "active",
      "suppliers": [
        {
          "id": "GB-PPON-PPTB-8591-VZGH",
          "name": "Lazard \u0026 Co., Limited"
        }
      ]
    }
  ],
  "buyer": {
    "id": "GB-PPON-PLTC-5358-LTWZ",
    "name": "Department for Transport"
  },
  "contracts": [
    {
      "aboveThreshold": false,
      "agreedMetrics": [
        {
          "description": "The Supplier must deliver all agreed Deliverables to a standard acceptable to the Buyer and obtain formal sign-off.",
          "id": "1",
          "observations": [
            {
              "id": "frequency",
              "period": {
                "durationInMonths": 3
              }
            }
          ],
          "title": "Quality"
        },
        {
          "description": "The Supplier\u2019s core team must attend monthly meetings\nas required and actively contribute to key sessions.",
          "id": "2",
          "observations": [
            {
              "id": "frequency",
              "period": {
                "durationInMonths": 3
              }
            }
          ],
          "title": "Engagement"
        },
        {
          "description": "The Supplier must provide all written advice by the deadlines agreed in advance with the Buyer, or such other time as may be agreed between the Parties.",
          "id": "3",
          "observations": [
            {
              "id": "frequency",
              "period": {
                "durationInMonths": 3
              }
            }
          ],
          "title": "Delivery"
        }
      ],
      "awardID": "2",
      "dateSigned": "2026-01-06T00:00:00+00:00",
      "documents": [
        {
          "description": "Contract",
          "documentType": "contractSigned",
          "format": "application/pdf",
          "id": "A-9954",
          "url": "https://www.find-tender.service.gov.uk/Notice/Attachment/A-9954"
        },
        {
          "datePublished": "2026-01-07T14:28:06Z",
          "description": "Contract details notice on Find a Tender",
          "documentType": "contractNotice",
          "format": "text/html",
          "id": "001114-2026",
          "noticeType": "UK7",
          "url": "https://www.find-tender.service.gov.uk/Notice/001114-2026"
        }
      ],
      "hasOptions": true,
      "hasRenewal": true,
      "id": "2",
      "options": {
        "description": "If deemed necessary or advantageous to the Project, the DfT reserves the right to vary this contract to permit the Strategic Sale Advisor (SSA) to offer a stapled-debt financing solution (including the SSA arranging on a syndicated basis), which would be made available to all bidders on an equal basis."
      },
      "period": {
        "endDate": "2027-12-31T23:59:59+00:00",
        "maxExtentDate": "2028-12-31T23:59:59+00:00",
        "startDate": "2026-01-07T00:00:00+00:00"
      },
      "renewal": {
        "description": "The contract contains the provision to extend for a further period of up to 1 year, or such greater period as is agreed between the Buyer and the Supplier. This will be dependent on the timeline of the overall transaction."
      },
      "status": "active",
      "title": "Lower Thames Crossing- Strategic Sale Advisor",
      "value": {
        "amount": 20000000,
        "amountGross": 24000000,
        "currency": "GBP"
      }
    }
  ],
  "date": "2026-01-07T14:28:06Z",
  "id": "001114-2026",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-h6vhtk-059057",
  "parties": [
    {
      "address": {
        "country": "GB",
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "SW1P 4DR",
        "region": "UKI32",
        "streetAddress": "Great Minster House, 33 Horseferry Road"
      },
      "contactPoint": {
        "email": "dftc.procurement@dft.gov.uk"
      },
      "details": {
        "classifications": [
          {
            "description": "Public authority - central government",
            "id": "publicAuthorityCentralGovernment",
            "scheme": "UK_CA_TYPE"
          }
        ]
      },
      "id": "GB-PPON-PLTC-5358-LTWZ",
      "identifier": {
        "id": "PLTC-5358-LTWZ",
        "scheme": "GB-PPON"
      },
      "name": "Department for Transport",
      "roles": [
        "buyer"
      ]
    },
    {
      "address": {
        "country": "GB",
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "W1U 3PZ",
        "region": "UKI32",
        "streetAddress": "20 Manchester Square"
      },
      "contactPoint": {
        "email": "Lazard_LTC@lazard.com"
      },
      "details": {
        "scale": "large",
        "vcse": false
      },
      "id": "GB-PPON-PPTB-8591-VZGH",
      "identifier": {
        "id": "PPTB-8591-VZGH",
        "scheme": "GB-PPON"
      },
      "name": "Lazard \u0026 Co., Limited",
      "roles": [
        "supplier"
      ]
    }
  ],
  "tag": [
    "award",
    "contract"
  ],
  "tender": {
    "description": "The Lower Thames Crossing is a proposed new 14.3-mile road and tunnel which will pass under the river Thames connecting Kent and Essex, the scheme includes two 2.6-mile tunnels under the Thames, with roads required on either side to link it into the existing network.  \nHMG have been examining private finance options for the main works. The leading option is now a Regulated Asset Base model, in which a new economically regulated company (LTC Co) will undertake the main construction works, as well as maintain and operate both Lower Thames Crossing and Dartford Crossings.  \nThe Department for Transport is contracting with an organisation to act as a Strategic Sale Advisor, responsible for leading and executing the Lower Thames Crossing Co sale. Key responsibilities for the Strategic Sale Advisor will include: Capital Markets Advisory, Market Engagement \u0026 Investor Outreach, Credit Rating Process, Equity Sale Execution \u0026 Transaction Finalisation.\nThe Department for Transport (DfT) and National Highways (NH) will be the transaction principals with all decision-making authority reserved to them. The Srategic Sale Advisor will be acting in an advisory capacity only with no authority to transact on behalf of DfT/NH.",
    "id": "TRCF3099",
    "legalBasis": {
      "id": "2023/54",
      "scheme": "UKPGA",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
    },
    "lots": [
      {
        "id": "1",
        "status": "complete"
      }
    ],
    "procurementMethod": "open",
    "procurementMethodDetails": "Competitive flexible procedure",
    "status": "complete",
    "title": "Lower Thames Crossing- Strategic Sale Advisor"
  }
}