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 Spain?
GlobalGov holds 1,108 financial advisory records from 631 distinct buying organisations in Spain. The most frequent publishers are Ferrocarrils de la Generalitat de Catalunya (12 records); Gerencia de Fraternidad Muprespa - Mútua Colaboradora con la Seguridad Social nº 275 (10 records); Consejo de Administración de la Sociedad de Gestión de Activos procedentes de la Reestructuración Bancaria, S.A (8 records); Departamento de Hacienda y Administración Pública (8 records); Empresa Pública para la Gestión del Turismo y del Deporte de Andalucía, S.A. (8 records); Ajuntament De Girona (7 records). Between them the 6 largest account for 4.8% of everything published, so buying here is spread across many separate authorities.
| Buying organisation | Records | Share |
|---|---|---|
| Ferrocarrils de la Generalitat de Catalunya | 12 | 1.1% |
| Gerencia de Fraternidad Muprespa - Mútua Colaboradora con la Seguridad Social nº 275 | 10 | 0.9% |
| Consejo de Administración de la Sociedad de Gestión de Activos procedentes de la Reestructuración Bancaria, S.A | 8 | 0.7% |
| Departamento de Hacienda y Administración Pública | 8 | 0.7% |
| Empresa Pública para la Gestión del Turismo y del Deporte de Andalucía, S.A. | 8 | 0.7% |
| Ajuntament De Girona | 7 | 0.6% |
What are financial advisory contracts worth in Spain?
1,047 of the 1,108 records publish a contract value. The median is $648,000 and the largest single published value is $4.9B. By size, 3 under $100k, 688 between $100k and $1M, 311 between $1M and $10M, 45 above $10M. The remaining 61 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 | 3 | 0.3% |
| between $100k and $1M | 688 | 66% |
| between $1M and $10M | 311 | 30% |
| above $10M | 45 | 4.3% |
How long do bidders get to respond to financial advisory tenders in Spain?
Across the 485 Spain financial advisory notices that publish both a publication date and a closing date, the median response window is 33 days. A quarter of them allowed 30 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 Spain?
Spain publishes about 4 notices a month in this category, 51 in the last twelve months. That is 79% fewer than the 240 published in the twelve months before that. Over the last three years there were 564, spread across 62 separate months of activity since 8 December 2020. July 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 Spain compare with other financial advisory markets?
Among the 30 countries where GlobalGov holds a comparable financial advisory market, Spain ranks 5th by number of records. The largest is France (9,415 records against 1,108 here). Within Spain itself, financial advisory is the 15th largest of the 71 procurement categories tracked here.
Where do the Spain financial advisory records on this page come from?
These 1,108 records are collected from 1 official source: TED (1,108). 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 Spain
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 Spain is visible. Set an alert to be told when the next one opens.
Spain – Liability insurance services – Contratación de diferentes pólizas de seguros que garanticen las consecuencias económicas derivadas de diversos riesgos permanentes de la Universidad de La Laguna, como tomador de seguros, de acuerdo con las especificaciones que se recogen en el presente pliego y en el de prescripciones técnicas. El objeto del contrato se ha dividido en ocho lotes.
Spain – Insurance agency services – Servicio de póliza de seguro de responsabilidad civil de consejeros y directivos
Spain – Insurance services – Servicio de seguros para cobertura de riesgos de la Universidad de Alicante (5 lotes)
Spain – Insurance services – Póliza de seguro de responsabilidad civil y general para Mutua Balear
Spain – Insurance services – Servicio de seguros para el INAEM
Spain – Insurance services – Seguros privados del Ayuntamiento de San Sebastián, sus organismos autónomos, entidades públicas empresariales y sociedades mercantiles locales.
Spain – Financial and insurance services – Contratacion de un seguro de accidentes de trabajo y enfermedad profesional para el personal adscrito al Instituto Nacional de la Seguridad Social
Spain – Banking services – Servicio de colaboración bancaria a la recaudación de ingresos municipales del Ayuntamiento de San Sebastián de los Reyes
Spain – Insurance services – Contratación de una póliza de seguro de Responsabilidad Civil General; una póliza de seguro de Daños Materiales; y una póliza de seguro Colectivo de Vida para Transportes Interurbanos de Tenerife, S.A
Other procurement categories in Spain
Vehicle MaintenanceMedical EquipmentWaste ManagementManagement ConsultingSoftware DevelopmentVehicles and FleetArchitecture and EngineeringHospital ConstructionPharmaceuticalsIct EquipmentFacilities and CleaningGround TransportMaintenance & RepairEvent ManagementAgricultural EquipmentLaboratory EquipmentFuel SupplyIT ConsultingBuilding ConstructionTelecommunicationsRoads and Highways InfrastructureStaffing AugmentationFreight and LogisticsOffice FurnitureTraining and Capacity BuildingCommunity DevelopmentBuilding MaterialsOil Gas UpstreamCatering ServicesUniforms ClothingCommunications PrMail CourierFood Aid and NutritionCivil ConstructionPrinting PublishingHelpdesk SupportScientific ResearchMilitary LogisticsEnergyAudit and AccountingHealthcare ServicesRoad & InfrastructureNetwork InfrastructureResearch & DevelopmentRenovation RehabilitationWeapons SystemsCurriculum DevelopmentDatabase ManagementSecurity ServicesTraining & EducationCybersecuritySite PreparationWater Supply ProjectsElectrical InstallationResearch and StudiesConsultingSurveillance & IsrEnvironmental ServicesPower TransmissionTransportationWarehousingSanitation SewerageFinancial ServicesSchools and UniversitiesLegal ServicesISR and SurveillanceAdult LiteracyFacilities ManagementIt Support & MaintenanceMonitoring Evaluation
Financial Advisory procurement in other markets
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