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 Lithuania?
GlobalGov holds 274 financial advisory records from 99 distinct buying organisations in Lithuania. The most frequent publishers are UAB „Ignitis grupės paslaugų centras“ (17 records); Vilniaus miesto savivaldybės administracija (14 records); Uždaroji akcinė bendrovė "Kauno švara" (13 records); International buyer (9 records); Akcinė bendrovė Klaipėdos valstybinio jūrų uosto direkcija (8 records); Litgrid, Ab (8 records). Between them the 6 largest account for 25% of everything published, so buying here is spread across many separate authorities.
| Buying organisation | Records | Share |
|---|---|---|
| UAB „Ignitis grupės paslaugų centras“ | 17 | 6.2% |
| Vilniaus miesto savivaldybės administracija | 14 | 5.1% |
| Uždaroji akcinė bendrovė "Kauno švara" | 13 | 4.7% |
| International buyer | 9 | 3.3% |
| Akcinė bendrovė Klaipėdos valstybinio jūrų uosto direkcija | 8 | 2.9% |
| Litgrid, Ab | 8 | 2.9% |
What are financial advisory contracts worth in Lithuania?
70 of the 274 records publish a contract value. The median is $280,800 and the largest single published value is $16.8M. By size, 6 under $100k, 54 between $100k and $1M, 8 between $1M and $10M, 2 above $10M. The remaining 204 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 | 6 | 8.6% |
| between $100k and $1M | 54 | 77% |
| between $1M and $10M | 8 | 11% |
| above $10M | 2 | 2.9% |
How long do bidders get to respond to financial advisory tenders in Lithuania?
Across the 115 Lithuania 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 35. 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 Lithuania?
Lithuania published 9 notices in this category in the last twelve months. Over the last three years there were 143, spread across 57 separate months of activity since 1 August 2018. 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 Lithuania compare with other financial advisory markets?
Among the 30 countries where GlobalGov holds a comparable financial advisory market, Lithuania ranks 15th by number of records. The largest is France (9,415 records against 274 here). Within Lithuania itself, financial advisory is the 15th largest of the 52 procurement categories tracked here.
Where do the Lithuania financial advisory records on this page come from?
These 274 records are collected from 1 official source: TED (274). 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 Lithuania
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 Lithuania is visible. Set an alert to be told when the next one opens.
Lithuania – Insurance brokerage services – AB Klaipėdos valstybinio jūrų uosto draudimo brokerio tarpininkavimo ir konsultavimo paslaugų pirkimas
Lithuania – Banking services – Atsiskaitymų mokėjimo kortelėmis (autorizavimo) paslaugos
Lithuania – Accident and health insurance services – 12988, Administracijos valst. tarnautojų, darbuotojų dirbančių pagal darbo sutartis, mero ir mero politinio (asmeninio) pasitikėjimo valst. tarnautojų savanoriško sveikatos draudimo (atvir. konkursas)
Lithuania – Insurance services – Įstaigos nekilnojamo, kilnojamojo ir panaudos ar patikėjimo būdu perduoto turto draudimas (Atviras konkuras)
Lithuania – Property insurance services – Automobiliuose įmontuotos laboratorinės ir kitos spec. įrangos draudimas
Lithuania – Insurance services – 30462-30463-30464-30465 Transporto priemonių KASKO draudimas
Lithuania – Insurance services – (VPP-65) Draudimo paslaugos
Other procurement categories in Lithuania
Medical EquipmentSoftware DevelopmentVehicles and FleetVehicle MaintenanceManagement ConsultingArchitecture and EngineeringWaste ManagementOffice FurnitureLaboratory EquipmentIct EquipmentBuilding MaterialsPharmaceuticalsTelecommunicationsRoads and Highways InfrastructureCommunications PrCivil ConstructionUniforms ClothingFood Aid and NutritionHospital ConstructionBuilding ConstructionOil Gas UpstreamStaffing AugmentationTraining and Capacity BuildingMaintenance & RepairGround TransportFreight and LogisticsAgricultural EquipmentFuel SupplyRenovation RehabilitationMilitary LogisticsEvent ManagementScientific ResearchWeapons SystemsCatering ServicesDatabase ManagementMail CourierResearch & DevelopmentFacilities and CleaningCommunity DevelopmentAudit and AccountingIT ConsultingElectrical InstallationPrinting PublishingPower TransmissionEnergyResearch and StudiesRoad & InfrastructureSecurity ServicesTraining & EducationWater Supply ProjectsConsulting
Financial Advisory procurement in other markets
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