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 Romania?
GlobalGov holds 323 financial advisory records from 129 distinct buying organisations in Romania. The most frequent publishers are SNTFC "CFR Calatori" S.A. (14 records); Compania Nationala De Administrare a Infrastructurii Rutiere S.a. (11 records); Regia Nationala a Padurilor - Romsilva Ra (9 records); Registrul Auto Roman - R.A. (9 records); Ministerul Apararii - Unitatea Militara 02574 (8 records); Directia Generala Regionala a Finantelor Publice Craiova (7 records). Between them the 6 largest account for 18% of everything published, so buying here is spread across many separate authorities.
| Buying organisation | Records | Share |
|---|---|---|
| SNTFC "CFR Calatori" S.A. | 14 | 4.3% |
| Compania Nationala De Administrare a Infrastructurii Rutiere S.a. | 11 | 3.4% |
| Regia Nationala a Padurilor - Romsilva Ra | 9 | 2.8% |
| Registrul Auto Roman - R.A. | 9 | 2.8% |
| Ministerul Apararii - Unitatea Militara 02574 | 8 | 2.5% |
| Directia Generala Regionala a Finantelor Publice Craiova | 7 | 2.2% |
What are financial advisory contracts worth in Romania?
233 of the 323 records publish a contract value. The median is $563,499 and the largest single published value is $22.7M. By size, 11 under $100k, 135 between $100k and $1M, 78 between $1M and $10M, 9 above $10M. The remaining 90 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 | 11 | 4.7% |
| between $100k and $1M | 135 | 58% |
| between $1M and $10M | 78 | 33% |
| above $10M | 9 | 3.9% |
How long do bidders get to respond to financial advisory tenders in Romania?
Across the 119 Romania 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 34 days or fewer and a quarter stayed open for more than 38. 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 Romania?
Romania published 13 notices in this category in the last twelve months. That is 84% fewer than the 79 published in the twelve months before that. Over the last three years there were 178, spread across 59 separate months of activity since 26 May 2021. 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 Romania compare with other financial advisory markets?
Among the 30 countries where GlobalGov holds a comparable financial advisory market, Romania ranks 14th by number of records. The largest is France (9,415 records against 323 here). Within Romania itself, financial advisory is the 27th largest of the 61 procurement categories tracked here.
Where do the Romania financial advisory records on this page come from?
These 323 records are collected from 1 official source: TED (323). 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 Romania
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 Romania is visible. Set an alert to be told when the next one opens.
Romania – Insurance services – Acord-cadru servicii de asigurare
Romania – Credit granting services – Servicii financiare de acordare a unor linii de credit bancar -pe 1 (un) an - impartita in 14 loturi
Romania – Portfolio management services – Servicii de administrare și implementare a Instrumentului Financiar “Fond de Capital de Risc”, finanțat din Programul “Regiunea Centru” 2021-2027
Romania – Portfolio management services – Servicii de administrare si management pentru Fondul de investitii cu capital de risc si pentru implementarea Instrumentului Financiar Venture Capital finantat din Programul Regional Vest 2021-2027
Romania – Banking services – Serviciul de plată cu card bancar de tip contactless direct la validatoarele duale ce echipeaza vehiculele operatorilor de transport public de pe raza Municipiului București și a Județului Ilfov
Romania – Motor vehicle liability insurance services – Acord cadru de servicii de asigurare obligatorie de raspundere civila (RCA) si servicii de asigurare facultativa tip CASCO
Romania – Life insurance services – Acord-cadru de servicii de asigurari de viata
Other procurement categories in Romania
Medical EquipmentIct EquipmentVehicles and FleetRoads and Highways InfrastructureSoftware DevelopmentOffice FurnitureVehicle MaintenanceFood Aid and NutritionLaboratory EquipmentCivil ConstructionManagement ConsultingHospital ConstructionArchitecture and EngineeringPharmaceuticalsWaste ManagementAgricultural EquipmentBuilding MaterialsOil Gas UpstreamFuel SupplyTelecommunicationsFreight and LogisticsBuilding ConstructionGround TransportUniforms ClothingRenovation RehabilitationFacilities and CleaningStaffing AugmentationMaintenance & RepairSite PreparationPrinting PublishingElectrical InstallationResearch & DevelopmentWeapons SystemsMilitary LogisticsEnergyTraining and Capacity BuildingRoad & InfrastructureCommunications PrCommunity DevelopmentCatering ServicesMail CourierSanitation SewerageWater Supply ProjectsAudit and AccountingResearch and StudiesMiscellaneous GoodsPower TransmissionOffice SuppliesConsultingIT ConsultingDatabase ManagementHelpdesk SupportWarehousingScientific ResearchSafety EquipmentSecurity ServicesSchools and UniversitiesNetwork InfrastructureHealthcare ServicesMonitoring Evaluation
Financial Advisory procurement in other markets
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