Award

Agreement for the provision and commercial exploitation of a Real Time Optimiser (RTO) System (forming part of the SITS Programme)

TRANSPORT FOR LONDON

This public procurement record has 1 release in its history.

Award

09 Nov 2018 at 15:01

Award Notice
Summary of the contracting process

The procurement process involves Transport for London procuring an agreement for the provision and commercial exploitation of a Real Time Optimiser (RTO) System, a project valued at £19 million. The contract, formed under the IT services industry category, was initiated through a limited procurement method via a negotiated procedure without prior publication. The tender period concluded on 27 June 2018, with the contract commencing on 28 June 2018 and scheduled to run until 4 March 2028. This project is located in London, United Kingdom.

This tender presents significant opportunities for businesses specialising in IT services, particularly those with capabilities in software development and consulting. Companies that focus on innovative technology solutions, as well as large scale firms that can meet the requirements of long-term contracts, would be well-suited to compete. Additionally, given the emphasis on joint commercial exploitation, there may be avenues for revenue sharing that can enhance business growth prospects for successful bidders.

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Notice Information

Notice Title

Agreement for the provision and commercial exploitation of a Real Time Optimiser (RTO) System (forming part of the SITS Programme)

Notice Description

Provision of a Real Time Optimiser (RTO) System to replace UTC and SCOOT. The RTO Contract provides for the design, development implementation and support of the new system for an initial 10-year period. In addition, it provides for ongoing development of the system via the jointly managed product roadmap and for joint commercial exploitation through which TfL will receive a proportion of any sales revenue.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3cde896c-0198-4626-bfef-3011d6dfe41d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8d397053-98e2-4113-95e9-bc10b6d3ffb8
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Negotiated procedure without prior publication (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£19,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£19,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
9 Nov 20187 years ago
Submission Deadline
27 Jun 2018Expired
Future Notice Date
Not specified
Award Date
26 Jun 20187 years ago
Contract Period
27 Jun 2018 - 4 Mar 2028 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
TRANSPORT FOR LONDON
Contact Name
Not specified
Contact Email
commercialcoe@tfl.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1H 0BD
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

SUPPLIER MOBILITY

Further Information

Notice Documents

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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