Award

Provision of bus service - Route N550

TRANSPORT FOR LONDON

This public procurement record has 1 release in its history.

Award

27 Nov 2024 at 13:39

Summary of the contracting process

Transport for London (TfL) has completed the procurement process for the provision of bus service Route N550. Categorised under public road transport services, this contract is situated in London, United Kingdom. The tender process followed a selective competitive procedure with negotiation and was finalised with the award stage. The contract, valued at £753,925, was officially awarded to Stagecoach East London on 18th November 2024, with the contract period set to start on 30th August 2025 and end on 1st September 2028. Key deadlines included a tender period end date of 3rd September 2024.

This procurement presents significant opportunities for businesses involved in public transportation services, particularly those specialising in road transport. SMEs and VCSEs are well-suited to compete in similar tenders due to this inclusive approach by TfL. For businesses looking to grow, this contract illustrates the potential for substantial, long-term engagements with prominent organisations like TfL. Success in such tenders can enhance market positioning and provide a stable revenue stream over multiple years.

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Notice Title

Provision of bus service - Route N550

Notice Description

Provision of bus service route N550 for 3 years. Please note, cost posted on Contracts Finder sometimes differ from those on the internet, this is due to post award negotiations.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-00874dce-d7d4-4d31-9717-fd8c47f145dd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3df151c6-70bd-4677-a891-e770f4866370
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

60 - Transport services (excl. Waste transport)


CPV Codes

60112000 - Public road transport services

Notice Value(s)

Tender Value
£762,751 £500K-£1M
Lots Value
Not specified
Awards Value
£753,925 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
27 Nov 20241 years ago
Submission Deadline
3 Sep 2024Expired
Future Notice Date
Not specified
Award Date
18 Nov 20241 years ago
Contract Period
29 Aug 2025 - 1 Sep 2028 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
TRANSPORT FOR LONDON
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SE1 8NJ
Post Town
South East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
TLI London

Local Authority
Southwark
Electoral Ward
Borough & Bankside
Westminster Constituency
Bermondsey and Old Southwark

Supplier Information

Number of Suppliers
1
Supplier Name

STAGECOACH EAST LONDON

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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