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 Italy?
GlobalGov holds 2,513 financial advisory records from 1,584 distinct buying organisations in Italy. The most frequent publishers are Provincia Di Monza E Della Brianza (15 records); Federazione dei Comuni del Camposampierese (9 records); IN.VA. S.p.A. - Centrale Unica di Committenza Regionale per servizi e forniture (9 records); Intercent-ER – Agenzia regionale per lo sviluppo dei mercati telematici (8 records); Ufficio Speciale Centrale Unica di Committenza della Regione Siciliana (8 records); Banca d'Italia (7 records). Between them the 6 largest account for 2.2% of everything published, so buying here is spread across many separate authorities.
| Buying organisation | Records | Share |
|---|---|---|
| Provincia Di Monza E Della Brianza | 15 | 0.6% |
| Federazione dei Comuni del Camposampierese | 9 | 0.4% |
| IN.VA. S.p.A. - Centrale Unica di Committenza Regionale per servizi e forniture | 9 | 0.4% |
| Intercent-ER – Agenzia regionale per lo sviluppo dei mercati telematici | 8 | 0.3% |
| Ufficio Speciale Centrale Unica di Committenza della Regione Siciliana | 8 | 0.3% |
| Banca d'Italia | 7 | 0.3% |
What are financial advisory contracts worth in Italy?
2,147 of the 2,513 records publish a contract value. The median is $1.1M and the largest single published value is $864.0M. By size, 29 under $100k, 979 between $100k and $1M, 959 between $1M and $10M, 180 above $10M. The remaining 366 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 | 29 | 1.4% |
| between $100k and $1M | 979 | 46% |
| between $1M and $10M | 959 | 45% |
| above $10M | 180 | 8.4% |
How long do bidders get to respond to financial advisory tenders in Italy?
Across the 801 Italy 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 33 days or fewer and a quarter stayed open for more than 43. Short turnarounds are the exception rather than the rule here: only 2 (0.2%) closed within a fortnight of being published.
How often are financial advisory tenders published in Italy?
Italy publishes about 25 notices a month in this category, 301 in the last twelve months. That is 43% fewer than the 530 published in the twelve months before that. Over the last three years there were 1,356, spread across 63 separate months of activity since 20 September 2018. May 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 Italy compare with other financial advisory markets?
Among the 30 countries where GlobalGov holds a comparable financial advisory market, Italy ranks 3rd by number of records. The largest is France (9,415 records against 2,513 here). Within Italy itself, financial advisory is the 5th largest of the 69 procurement categories tracked here.
Where do the Italy financial advisory records on this page come from?
These 2,513 records are collected from 1 official source: TED (2,513). 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 Italy
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 Italy is visible. Set an alert to be told when the next one opens.
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