Lower Thames Crossing- Strategic Sale Advisor
Estimated value
—
Awarded value
—
Suppliers
0
Lots
1
Published
17 Sept 2025
This is a preliminary market engagement notice
Map the supplier landscape and document your shortlist before opening the tender. The market simulation produces a defensible audit record you can attach to your procurement file.
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. HMG 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. The Department for Transport intends to contract 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 & Investor Outreach, Credit Rating Process, Equity Sale Execution & Transaction Finalisation.
Scope
- Reference
- ocds-h6vhtk-059057
- Total value
- Above the relevant threshold
- Commercial tool
- Standalone contract
- Contract dates
- 01 Jan 2026 to 01 Jan 2028Possible extension to 01 Jan 2029
DfT reserves the right to extend the contract for a period up to 12 months or such greater period as is agreed between the Buyer and Supplier in accordance with Schedule 8, Paragraph 5 of the Procurement Act 2023 as a result of a materialisation of a known risk (including delay to the overall project and transaction, and such other known risks).
- Main category
- services
- CPV classifications
- 6612000066122000
- Particular suitability
- Small and medium-sized enterprises (SME)
Award criteria
Criteria the buyer will use to evaluate bids.
| Name | Description | Type | Weighting |
|---|---|---|---|
| Stage 1 Quality Questionnaire | Written submission covering the following areas: Relevant experience and expertise Approach and Methodology Resourcing Social Value Full details can be found within the tender documents available via the DfT Sourcing Portal: https://dft.app.jaggaer.com/web/login.html. | quality | 70.00% |
| Stage 2 Presentation/ Interview | In-person presentation covering the following areas: Opportunity positioning Precedent transactions Collaboration and challenge Full details can be found within the tender documents available via the DfT Sourcing Portal: https://dft.app.jaggaer.com/web/login.html. | quality | 10.00% |
| Price | Tenderers are required to submit their Total Bid Fee for delivery of the full requirement Full details can be found within the tender documents available via the DfT Sourcing Portal: https://dft.app.jaggaer.com/web/login.html. | price | 20.00% |
Participation
Conditions suppliers must meet to bid.
Bidders must already have, or can commit to obtain, prior to the award of the contract, the levels of insurance cover indicated below: a. Employer’s (Compulsory) Liability Insurance = £5million b. Public Liability Insurance = £5million c. Professional Indemnity Insurance = £10 million d. Product Liability Insurance = £5million Full details can be found within the tender documents available via the DfT Sourcing Portal: https://dft.app.jaggaer.com/web/login.html.
Organisation must be FCA registered (or equivalent internationally recognised standard) and key individuals within the proposed Project Team are FCA registered (or equivalent internationally recognised standard). Full details can be found within the tender documents available via the DfT Sourcing Portal: https://dft.app.jaggaer.com/web/login.html.
Submission & procedure
- Procedure
- Competitive flexible procedure