Financial Advisory Government Tenders in Latvia

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 Latvia?

GlobalGov holds 238 financial advisory records from 105 distinct buying organisations in Latvia. The most frequent publishers are Akciju sabiedrība “Latvenergo” (10 records); Rīgas pašvaldības sabiedrība ar ierobežotu atbildību "Rīgas satiksme" (7 records); Valsts akciju sabiedrība "Valsts nekustamie īpašumi" (7 records); AS “Attīstības finanšu institūcija Altum” (6 records); Gulbenes novada pašvaldība (6 records); Neatliekamās medicīniskās palīdzības dienests (6 records). Between them the 6 largest account for 18% of everything published, so buying here is spread across many separate authorities.

What are financial advisory contracts worth in Latvia?

95 of the 238 records publish a contract value. The median is $453,600 and the largest single published value is $8.6M. By size, 1 under $100k, 73 between $100k and $1M, 21 between $1M and $10M. The remaining 143 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 Latvia?

Across the 101 Latvia 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 31 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 Latvia?

Latvia published 11 notices in this category in the last twelve months. That is 76% fewer than the 45 published in the twelve months before that. Over the last three years there were 115, spread across 55 separate months of activity since 7 June 2021. March is historically the busiest month. No new notice has been published in this category since 10 April 2026, 174 days ago, so treat the figures above as a record of the market rather than as this week's pipeline.

How does Latvia compare with other financial advisory markets?

Among the 30 countries where GlobalGov holds a comparable financial advisory market, Latvia ranks 17th by number of records. The largest is France (9,415 records against 238 here). Within Latvia itself, financial advisory is the 16th largest of the 47 procurement categories tracked here.

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

These 238 records are collected from 1 official source: TED (238). 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 Latvia

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

Other procurement categories in Latvia

Financial Advisory procurement in other markets