Tender

Arcelormittal Orbit (AMO) Lease- operate and maintain

BIP SOLUTIONS LIMITED

This public procurement record has 1 release in its history.

Tender

15 Nov 2023 at 14:34

Summary of the contracting process

The London Legacy Development Corporation (LLDC) is seeking a new operator for the Arcelormittal Orbit in Queen Elizabeth Olympic Park in East London. The contract involves a 10-year operation and maintenance lease, extendable up to 15 years, with an estimated total value of £22,500,000 to £30,000,000. The tender deadline is set for January 15, 2024, with the contract period starting on June 1, 2024, and ending on June 2, 2034. The procurement falls under the industry category of recreational, cultural, and sporting services.

The opportunity to operate and maintain the Arcelormittal Orbit presents a lucrative chance for businesses in the recreational and cultural services sector. Companies with experience in managing similar tourist attractions and leisure facilities would be well-suited to compete in this tender. The procurement method specified is 'Other - Not Disclosed', indicating a potentially innovative approach to the selection process, offering diverse opportunities for qualified service providers to showcase their capabilities.

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Notice Title

Arcelormittal Orbit (AMO) Lease- operate and maintain

Notice Description

The Contracting Authority London Legacy Development Corporation (LLDC) wishes to secure a new operator to undertake a 10 year operation and maintenance lease (with an option to extend for a additional 5 years for a maximum duration of 15 years) for the ArcelorMittal Orbit (AMO) located in Queen Elizabeth Olympic Park in Stratford, East London. The estimated total value based on how the AMO operated and is maintained today across the maximum lease duration of 15 years is PS22,500,000. Dependent on proposed future use of the AMO (which is subject to regulatory approvals) the estimated total value across the maximum lease duration of 15 years is PS30,000,000.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-90b39d61-4148-40f3-9417-37bb56af49a8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/17578330-b6e6-49fc-b564-cd4242f703a9
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Not Disclosed
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

92 - Recreational, cultural and sporting services


CPV Codes

92000000 - Recreational, cultural and sporting services

Notice Value(s)

Tender Value
£22,500,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Nov 20232 years ago
Submission Deadline
15 Jan 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 May 2024 - 2 Jun 2034 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
BIP SOLUTIONS LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
UK-LONDON
Postcode
E20 1JN
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London

Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

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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