Independence, regulation and how advisory mandates are scoped
Financial advisory work for public bodies is bought under a constraint that shapes every bid: the adviser must be, and be seen to be, independent of the transaction it is advising on. Conflict of interest declarations are made at bid stage and cover the whole firm and its affiliates, not the proposed team, and an existing relationship with a likely counterparty is commonly disqualifying. Firms that also arrange or underwrite are frequently excluded from advising on the same transaction, which is why this category has a distinct supplier population from banking services.
Mandates are scoped around a decision with a date attached -- a funding structure, a valuation, a business case, a restructuring, a concession -- and are almost always phased so the buyer can stop. Fees mix a fixed element for defined deliverables with capped time-based charges for support through a process whose length depends on third parties. Success fees are viewed cautiously in public procurement because they align the adviser with completion rather than with the buyer's interest in walking away, and where they are permitted they are usually capped and disclosed.
Evaluation rests on the individuals and on regulatory standing. Buyers check that the firm holds the authorisations its jurisdiction requires for the activity in question, that professional indemnity cover matches the value of the decisions being advised on, and that the named team has done comparable transactions rather than comparable sectors. Because the deliverable is frequently a document that will be relied on by lenders, auditors or a legislature, the terms governing reliance, liability caps and the right to publish the advice are negotiated as hard as the fee.
This section describes how this category is bought generally, across the public buyers that publish it. The figures elsewhere on this page are measured for this market alone.
Who buys financial advisory in Colombia?
GlobalGov holds 155 financial advisory records from 110 distinct buying organisations in Colombia. The most frequent publishers are Santiago de Cali Distrito Especial - Departamento Administrativo de Hacienda (9 records); Santiago DE Cali Distrito Especial - Departamento Administrativo DE Hacienda (8 records); Icbf Sede Nacional (6 records); Municipio de Pereira- Oficial (4 records); Agencia Nacional de Tierras - ANT (3 records); Invias (3 records). Between them the 6 largest account for 21% of everything published, so buying here is spread across many separate authorities.
| Buying organisation | Records | Share |
|---|---|---|
| Santiago de Cali Distrito Especial - Departamento Administrativo de Hacienda | 9 | 5.8% |
| Santiago DE Cali Distrito Especial - Departamento Administrativo DE Hacienda | 8 | 5.2% |
| Icbf Sede Nacional | 6 | 3.9% |
| Municipio de Pereira- Oficial | 4 | 2.6% |
| Agencia Nacional de Tierras - ANT | 3 | 1.9% |
| Invias | 3 | 1.9% |
What are financial advisory contracts worth in Colombia?
154 of the 155 records publish a contract value. The median is $7,488 and the largest single published value is $1.3M. By size, 153 under $100k, 1 between $1M and $10M. The remaining 1 publish no value at all, so every figure here describes the priced subset only, and values are as stated by the buyer rather than as finally awarded.
| Contract size | Records | Share of priced |
|---|---|---|
| under $100k | 153 | 99% |
| between $100k and $1M | 0 | 0.0% |
| between $1M and $10M | 1 | 0.6% |
| above $10M | 0 | 0.0% |
How long do bidders get to respond to financial advisory tenders in Colombia?
Across the 127 Colombia financial advisory notices that publish both a publication date and a closing date, the median response window is 201 days. A quarter of them allowed 144 days or fewer and a quarter stayed open for more than 342. Short turnarounds are the exception rather than the rule here: only 1 (0.8%) closed within a fortnight of being published.
How often are financial advisory tenders published in Colombia?
Colombia publishes about 2 notices a month in this category, 26 in the last twelve months. That is 44% more than the 18 published in the twelve months before that. Over the last three years there were 149, spread across 21 separate months of activity since 21 August 2020. January is historically the busiest month. No new notice has been published in this category since 30 January 2026, 244 days ago, so treat the figures above as a record of the market rather than as this week's pipeline.
How does Colombia compare with other financial advisory markets?
Among the 30 countries where GlobalGov holds a comparable financial advisory market, Colombia ranks 19th by number of records. The largest is France (9,415 records against 155 here). Within Colombia itself, financial advisory is the 27th largest of the 77 procurement categories tracked here.
Where do the Colombia financial advisory records on this page come from?
These 155 records are collected from 2 official sources: SECOP II (92), SECOP II (63). GlobalGov is an independent aggregator and is not affiliated with any of them; each record links back to the notice on its issuing portal. The set is rebuilt nightly, and the counts on this page were taken on 2026-10-01.
Most recent Financial Advisory tenders in Colombia
No individual notice in this category currently has a public record page. The market figures above are computed over all 155 records GlobalGov holds for it.
Other procurement categories in Colombia
Financial Advisory procurement in other markets
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