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 Norway?
GlobalGov holds 190 financial advisory records from 102 distinct buying organisations in Norway. The most frequent publishers are Waco Forsikringsmegling AS (13 records); Söderberg & Partners Nord AS (8 records); Skatteetaten (5 records); AON Norway as (4 records); Innovasjon NORGE (4 records); Pareto Forsikringsmegling AS (4 records). Between them the 6 largest account for 20% of everything published, so buying here is spread across many separate authorities.
| Buying organisation | Records | Share |
|---|---|---|
| Waco Forsikringsmegling AS | 13 | 6.8% |
| Söderberg & Partners Nord AS | 8 | 4.2% |
| Skatteetaten | 5 | 2.6% |
| AON Norway as | 4 | 2.1% |
| Innovasjon NORGE | 4 | 2.1% |
| Pareto Forsikringsmegling AS | 4 | 2.1% |
What are financial advisory contracts worth in Norway?
79 of the 190 records publish a contract value. The median is $950,000 and the largest single published value is $399.0M. By size, 42 between $100k and $1M, 25 between $1M and $10M, 12 above $10M. The remaining 111 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 | 0 | 0.0% |
| between $100k and $1M | 42 | 53% |
| between $1M and $10M | 25 | 32% |
| above $10M | 12 | 15% |
How long do bidders get to respond to financial advisory tenders in Norway?
Across the 16 Norway financial advisory notices that publish both a publication date and a closing date, the median response window is 35 days. A quarter of them allowed 32 days or fewer and a quarter stayed open for more than 40. 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 Norway?
Norway publishes about 2 notices a month in this category, 30 in the last twelve months. That is 14% fewer than the 35 published in the twelve months before that. Over the last three years there were 99, spread across 51 separate months of activity since 14 August 2020. 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 Norway compare with other financial advisory markets?
Among the 30 countries where GlobalGov holds a comparable financial advisory market, Norway ranks 18th by number of records. The largest is France (9,415 records against 190 here). Within Norway itself, financial advisory is the 37th largest of the 61 procurement categories tracked here.
Where do the Norway financial advisory records on this page come from?
These 190 records are collected from 1 official source: TED (190). 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 Norway
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 Norway is visible. Set an alert to be told when the next one opens.
Norway – Financial and insurance services – Prequalification: Procurement of a system for reconcile payments and handling deviations.
Norway – Portfolio management services – Portfolio management and electricity - stage 1 Qualification phase.
Norway – Insurance services – Board liability insurance
Norway – Financial leasing services – Framework agreement for vehicle leasing.
Norway – Pension services – Liabilities - Qualification
Norway – Financial and insurance services – Qualification insurance Lofotkraft and Vesterålskraft 2025
Norway – Banking and investment services – Main bank agreements - Arendal and Grimstad 2025
Norway – Banking services – NRK 2025/69 Service Contract Banking Services
Other procurement categories in Norway
Medical EquipmentSoftware DevelopmentCivil ConstructionBuilding ConstructionWaste ManagementManagement ConsultingVehicles and FleetVehicle MaintenanceArchitecture and EngineeringMaintenance & RepairOffice FurnitureGround TransportRoad & InfrastructureLaboratory EquipmentIT ConsultingHospital ConstructionIct EquipmentRoads and Highways InfrastructureBuilding MaterialsScientific ResearchConsultingPharmaceuticalsFood Aid and NutritionHealthcare ServicesUniforms ClothingPrinting PublishingTransportationResearch & DevelopmentFreight and LogisticsTraining & EducationCommunications PrTelecommunicationsTraining and Capacity BuildingSecurity ServicesFacilities and CleaningEnergyFuel SupplyCommunity DevelopmentStaffing AugmentationCatering ServicesAudit and AccountingAgricultural EquipmentEnvironmental ServicesMail CourierOil Gas UpstreamFinancial ServicesRenovation RehabilitationEvent ManagementWarehousingMilitary LogisticsCybersecurityLegal ServicesWeapons SystemsMonitoring EvaluationDatabase ManagementSchools and UniversitiesSanitation SewerageResearch and StudiesCurriculum DevelopmentWater Supply Projects
Financial Advisory procurement in other markets
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