Financial Advisory Government Tenders in Estonia

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 Estonia?

GlobalGov holds 54 financial advisory records from 25 distinct buying organisations in Estonia. The most frequent publishers are Riigi Tugiteenuste Keskus (7 records); Eesti Energia AS (6 records); Aktsiaselts Tallinna Linnatransport (4 records); Politsei- ja Piirivalveamet (4 records); Aktsiaselts Eesti Post (3 records); Riigi Kinnisvara Aktsiaselts (3 records). Between them the 6 largest account for 50% of everything published, so buying here is concentrated in a few authorities.

What are financial advisory contracts worth in Estonia?

22 of the 54 records publish a contract value. The median is $864,000 and the largest single published value is $12.0M. By size, 1 under $100k, 12 between $100k and $1M, 8 between $1M and $10M, 1 above $10M. The remaining 32 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.

How long do bidders get to respond to financial advisory tenders in Estonia?

Across the 28 Estonia 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 33 days or fewer and a quarter stayed open for more than 36. 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 Estonia?

Estonia published 1 notice in this category in the last twelve months. Over the last three years there were 24, spread across 30 separate months of activity since 20 July 2021. June is historically the busiest month. No new notice has been published in this category since 21 January 2026, 253 days ago, so treat the figures above as a record of the market rather than as this week's pipeline.

How does Estonia compare with other financial advisory markets?

Among the 30 countries where GlobalGov holds a comparable financial advisory market, Estonia ranks 28th by number of records. The largest is France (9,415 records against 54 here). Within Estonia itself, financial advisory is the 30th largest of the 41 procurement categories tracked here.

Where do the Estonia financial advisory records on this page come from?

These 54 records are collected from 1 official source: TED (54). 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 Estonia

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 Estonia is visible. Set an alert to be told when the next one opens.

Other procurement categories in Estonia

Financial Advisory procurement in other markets