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 Denmark?
GlobalGov holds 417 financial advisory records from 273 distinct buying organisations in Denmark. The most frequent publishers are DSB SOV (9 records); Energinet (9 records); Finansiel Stabilitet (9 records); DSB (5 records); Danmarks Nationalbank (5 records); Energinet including all subsidiaries (5 records). Between them the 6 largest account for 10% of everything published, so buying here is spread across many separate authorities.
| Buying organisation | Records | Share |
|---|---|---|
| DSB SOV | 9 | 2.2% |
| Energinet | 9 | 2.2% |
| Finansiel Stabilitet | 9 | 2.2% |
| DSB | 5 | 1.2% |
| Danmarks Nationalbank | 5 | 1.2% |
| Energinet including all subsidiaries | 5 | 1.2% |
What are financial advisory contracts worth in Denmark?
297 of the 417 records publish a contract value. The median is $1.5M and the largest single published value is $304.5M. By size, 5 under $100k, 102 between $100k and $1M, 175 between $1M and $10M, 15 above $10M. The remaining 120 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 | 5 | 1.7% |
| between $100k and $1M | 102 | 34% |
| between $1M and $10M | 175 | 59% |
| above $10M | 15 | 5.1% |
How long do bidders get to respond to financial advisory tenders in Denmark?
Across the 71 Denmark financial advisory notices that publish both a publication date and a closing date, the median response window is 36 days. A quarter of them allowed 32 days or fewer and a quarter stayed open for more than 46. Not one of them closed within a fortnight of being published, so the window on this market is consistently workable.
How often are financial advisory tenders published in Denmark?
Denmark publishes about 4 notices a month in this category, 42 in the last twelve months. That is 47% fewer than the 79 published in the twelve months before that. Over the last three years there were 197, spread across 55 separate months of activity since 7 May 2021. 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 Denmark compare with other financial advisory markets?
Among the 30 countries where GlobalGov holds a comparable financial advisory market, Denmark ranks 10th by number of records. The largest is France (9,415 records against 417 here). Within Denmark itself, financial advisory is the 7th largest of the 43 procurement categories tracked here.
Where do the Denmark financial advisory records on this page come from?
These 417 records are collected from 1 official source: TED (417). 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 Denmark
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 Denmark is visible. Set an alert to be told when the next one opens.
Denmark – Financial and insurance services – Udbud af rammeaftale om levering af forsikringsmæglerydelser til By & Havn
Denmark – Banking services – Udbud af daglige bankforretninger
Denmark – Motor vehicle insurance services – Motorforsikring - Nordværk I/S
Denmark – Insurance and pension services – Ørsted A/S - Indkøb af firmapensionsordning og sundhedsforsikring
Denmark – Insurance services – Energinet, CAR Insurance, AC Lindehøj
Denmark – Insurance and pension services – Udbud på pension & sundhed
Denmark – Insurance services – Energinet, CAR Insurance, On- and offshore project: 400 kV Øresund System 2 Kabel REI
Denmark – Insurance services – Lolland Vand og Energi A/S - Indkøb af forsikringer
Denmark – Insurance services – Indkøb af forsikringer, Aarhus Letbane I/S
Other procurement categories in Denmark
Financial Advisory procurement in other markets
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