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 Germany?
GlobalGov holds 848 financial advisory records from 540 distinct buying organisations in Germany. The most frequent publishers are Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH (26 records); DB Netz AG (21 records); Deutsche Bahn AG (18 records); European Central Bank (16 records); KfW Bankengruppe (9 records); Universitätsklinikum Jena (7 records). Between them the 6 largest account for 11% of everything published, so buying here is spread across many separate authorities.
| Buying organisation | Records | Share |
|---|---|---|
| Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH | 26 | 3.1% |
| DB Netz AG | 21 | 2.5% |
| Deutsche Bahn AG | 18 | 2.1% |
| European Central Bank | 16 | 1.9% |
| KfW Bankengruppe | 9 | 1.1% |
| Universitätsklinikum Jena | 7 | 0.8% |
What are financial advisory contracts worth in Germany?
126 of the 848 records publish a contract value. The median is $790,147 and the largest single published value is $238.4M. By size, 12 under $100k, 59 between $100k and $1M, 39 between $1M and $10M, 16 above $10M. The remaining 722 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 | 12 | 9.5% |
| between $100k and $1M | 59 | 47% |
| between $1M and $10M | 39 | 31% |
| above $10M | 16 | 13% |
How long do bidders get to respond to financial advisory tenders in Germany?
Across the 166 Germany financial advisory notices that publish both a publication date and a closing date, the median response window is 34 days. A quarter of them allowed 31 days or fewer and a quarter stayed open for more than 39. Short turnarounds are the exception rather than the rule here: only 2 (1.2%) closed within a fortnight of being published.
How often are financial advisory tenders published in Germany?
Germany publishes about 8 notices a month in this category, 96 in the last twelve months. That is 36% fewer than the 149 published in the twelve months before that. Over the last three years there were 445, spread across 61 separate months of activity since 24 May 2019. October is historically the busiest month. No new notice has been published in this category since 26 May 2026, 128 days ago, so treat the figures above as a record of the market rather than as this week's pipeline.
How does Germany compare with other financial advisory markets?
Among the 30 countries where GlobalGov holds a comparable financial advisory market, Germany ranks 7th by number of records. The largest is France (9,415 records against 848 here). Within Germany itself, financial advisory is the 39th largest of the 76 procurement categories tracked here.
Where do the Germany financial advisory records on this page come from?
These 848 records are collected from 1 official source: TED (848). 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 Germany
None of these are open for bids now — they are the most recent records GlobalGov holds for this market, kept here so the shape of a typical financial advisory notice in Germany is visible. Set an alert to be told when the next one opens.
Germany – Contractor's all-risk insurance services – Projektversicherung zur Fehmarnbeltquerung (FBQ) - PFA Lübeck
Germany – Insurance services – Versicherungsmakler-Dienstleistung
Germany – Banking services – Payment Service-Provider (PSP)
Germany – Financial and insurance services – Neubau des Fördeklinikum Katharinen-Hospital, Neubau Versorgungszentrale und optional Neubau Psychiatrie in Flensburg
Germany – Financial leasing services – Rahmenvertrag Fahrradleasing Bezirk Mittelfranken
Germany – Health insurance services – Health, Long-term care and accident at work health group insurance services and related administration services
Germany – Contractor's all-risk insurance services – Kombinierte Bauleistungs- und Haftpflicht-Versicherung für das Projekt Adlershof
Germany – Contractor's all-risk insurance services – Projektversicherung für die Elektrifizierung der Taunusbahn
Germany – Pension fund management services – Investment management services for pension fund assets
Other procurement categories in Germany
Civil ConstructionArchitecture and EngineeringManagement ConsultingVehicles and FleetHospital ConstructionWaste ManagementBuilding ConstructionSoftware DevelopmentMedical EquipmentRoads and Highways InfrastructureSite PreparationIct EquipmentRenovation RehabilitationPharmaceuticalsOffice FurnitureBuilding MaterialsTraining and Capacity BuildingVehicle MaintenanceLaboratory EquipmentFacilities and CleaningGround TransportAgricultural EquipmentIT ConsultingTelecommunicationsFuel SupplyUniforms ClothingScientific ResearchMail CourierOil Gas UpstreamCatering ServicesCommunications PrCommunity DevelopmentFreight and LogisticsSecurity ServicesPrinting PublishingMaintenance & RepairRoad & InfrastructureEnergyTransportationElectrical InstallationStaffing AugmentationMilitary LogisticsFood Aid and NutritionTraining & EducationWeapons SystemsResearch & DevelopmentEvent ManagementSchools and UniversitiesWater Supply ProjectsCybersecurityAudit and AccountingPower TransmissionConsultingWarehousingDatabase ManagementEnvironmental ServicesResearch and StudiesFinancial ServicesHealthcare ServicesSanitation SewerageHelpdesk SupportMonitoring EvaluationSurvey & MappingWater TreatmentBridgesSurveillance & IsrSolar EnergyWeapons & MunitionsLegal ServicesVocational TrainingAdult LiteracyMilitary VehiclesCloud InfrastructureIt Support & MaintenancePpe
Financial Advisory procurement in other markets
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