Financial Advisers for Major Projects

O F W A T · awarded 5 December 2025 · delivered in West Midlands

Who

Buyer	O F W A T BIRMINGHAM
Supplier	Ernst & Young LLP
Category	services
Classification	Business and management consultancy services CPV 79410000
Notice published	9 February 2026

What it is for

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…

Read the original award notice on Contracts Finder →

Other contracts from this buyer

140 awards on file, worth £54.5m.

Everything O F W A T has awarded →

Other contracts won by this supplier

124 awards on file, worth £1.6bn.

Everything Ernst & Young LLP has won →