Award

Proceeds of Crime: Asset Realisation Service

THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON

This public procurement record has 2 releases in its history.

AwardUpdate

02 Apr 2026 at 13:12

Award

02 Apr 2026 at 13:11

Summary of the contracting process

The procurement process titled "Proceeds of Crime: Asset Realisation Service" involves The Mayor and Commonalty and Citizens of the City of London as the buying organisation. It falls under the industry category of auction organisation services, with operations centred in London, United Kingdom. The process is at the award update stage, having reached completion on 31st March 2026, with a contract period extending from 1st April 2026 to 31st March 2029, and the possibility of a two-year extension. This procurement is conducted through selective method via a call-off from a framework agreement, offering a contract valued at £35,000 GBP.

This contract presents a substantial opportunity for businesses specialising in auction organisation services to secure a foothold in public sector partnerships. Though not suitable for SMEs or VCSEs, larger organisations like John Pye & Sons Ltd, the awarded supplier, can benefit significantly from the stable income generation aspect of this contract. This service plays a crucial role in asset realisation, providing large-scale suppliers the chance to expand their operational capacity within the legal framework of the City of London and potentially beyond, enhancing their business growth and reach in asset management sectors.

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Notice Title

Proceeds of Crime: Asset Realisation Service

Notice Description

Direct award to John Pye & Sons Limited, via RM6354 CCS' Courier, Distribution, Storage and Specialist Solutions. Please note; the contract period and value accounts for the maximum possible contract period and value. The contract period is 3 years + 2 year extension. Also note, this is an income generation contract.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-78511729-b887-404e-b4cd-e80508b77eda
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1f321b3a-4151-4d09-a944-873e83f746d4
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79957000 - Auction organisation services

Notice Value(s)

Tender Value
£35,000 Under £100K
Lots Value
Not specified
Awards Value
£35,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Apr 2026Yesterday
Submission Deadline
31 Mar 2026Expired
Future Notice Date
Not specified
Award Date
30 Mar 20264 days ago
Contract Period
31 Mar 2026 - 31 Mar 2029 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
THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF 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
EC2P 2EJ
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI London

Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

JOHN PYE & SONSLTD

Further Information

Notice Documents

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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