Award

Provision of bus service - Route 401

TRANSPORT FOR LONDON

This public procurement record has 1 release in its history.

Award

08 Oct 2024 at 11:40

Summary of the contracting process

Transport for London has concluded the procurement for the "Provision of bus service - Route 401". This tender falls under the industry category of Public road transport services (CPV code 60112000) and is located in London, United Kingdom. The procurement process has reached the Award stage, with key dates including the tender period ending on 19th March 2024 and the contract period spanning from 18th January 2025 to 16th January 2032. The procurement was carried out using a selective method, specifically a competitive procedure with negotiation (above threshold). This contract is worth approximately £2,796,670, and the award was announced on 24th April 2024.

This tender creates significant opportunities for businesses, particularly those experienced in providing public transport services. SMEs and VCSEs are well-suited to compete, with a procurement value totalling £3,069,000, making it an attractive growth prospect. The contract, awarded to London Central, spans seven years, allowing for long-term operational stability and planning. The focus on delivering efficient bus services in a major metropolitan area like London can provide ample opportunities for regional business expansion and service development within the public transport sector.

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Notice Title

Provision of bus service - Route 401

Notice Description

Provision of bus service route 401 for 7 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-b5fd17-05899863-b445-43cd-8da6-b9999d23af9a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/78d339d0-ab59-46db-bc77-0fb83da61ba5
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
£3,069,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,796,670 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
8 Oct 20241 years ago
Submission Deadline
19 Mar 2024Expired
Future Notice Date
Not specified
Award Date
23 Apr 20241 years ago
Contract Period
18 Jan 2025 - 16 Jan 2032 Over 5 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

LONDON CENTRAL

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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