Award

Provision of bus service - Route N551

TRANSPORT FOR LONDON

This public procurement record has 1 release in its history.

Award

27 Nov 2024 at 13:45

Summary of the contracting process

The public procurement contracting process for the provision of bus service route N551 has been completed by Transport for London. This contract was awarded to Stagecoach East London. The industry category is public road transport services, specifically within London, United Kingdom. The procurement has progressed to the award stage, with the award being published on 27 November 2024. The contract period is set to begin on 30 August 2025 and will end on 1 September 2028. The competitive procedure with negotiation was employed for this procurement, and the total value of the contract is £868,075. SMEs and VCSEs were considered suitable for this procurement.

This tender presents numerous opportunities for business growth, particularly for companies operating within the public transport sector. Engaging in this contract can help businesses enhance their portfolio and expand their market presence in a major city like London. Companies specialising in public transportation services, especially those with experience in the selective procurement method, would be well-suited to compete for future contracts of similar scope. Additionally, the emphasis on SMEs and VCSEs can provide significant opportunities for smaller enterprises looking to establish or grow their services in the public transport industry.

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Notice Title

Provision of bus service - Route N551

Notice Description

Provision of bus service route N551 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-b5fd17-3013ea50-88e1-46eb-bc8a-67a2907a07fc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1f3ef76a-4f6e-442a-a08c-d5bae81db43c
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
£876,001 £500K-£1M
Lots Value
Not specified
Awards Value
£868,075 £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
Richard Rampton
Contact Email
contracts.tendering@tfl.gov.uk
Contact Phone
Not specified

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)

View full OCDS Record for this contracting process

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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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