Client
Transport for London (TfL)
Timeline
2019 - 2022
Context
SRC provided commercial and financial management support to Transport for London’s Trams Portfolio, overseeing around 40 active projects. Our role ensured robust financial governance, accurate reporting, and cost efficiency across a diverse range of upgrade and renewal initiatives within the network.
Project Services
- Commercial Management
- Cost Management
- Whole Life Costing
- Contract Strategy
SRC enabled consistent financial discipline across a diverse programme of works, improving cost visibility and supporting better-informed decision-making.
Enhanced reporting and governance processes allowed TfL to track performance with greater confidence, align spend to progress, and respond proactively to risks—ultimately driving more efficient investment across the tram network.
Project Oversight
Managed end-to-end budget setting, forecasting, and financial reporting across all projects.
Insight Reporting
Delivered clear cost variance, accrual, and risk reporting to stakeholders.
Cost Control
Monitored spend against progress, ensuring alignment with approved budgets.
Financial Governance
MSupported budget transfers and maintained compliance with financial authority.
Stakeholder Alignment
Worked closely with programme, project, and finance leads to validate forecasts.
Commercial Assurance
Strengthened transparency, invoice validation, and overall commercial confidence.
