Award

Provision of bus service - Route 488

TRANSPORT FOR LONDON

This public procurement record has 2 releases in its history.

AwardUpdate

10 Feb 2023 at 10:36

Award

06 May 2021 at 11:30

Summary of the contracting process

Transport for London has awarded the contract for the provision of bus service route 488 to Tower Transit. The procurement process was completed under the selective procurement method with competitive procedure and negotiation. The contract, valued at £2,117,723, has a duration from 26th February 2022 to 26th February 2027. This opportunity falls under the services category and is located in London, United Kingdom. The tender period ended on 19th January 2021.

This awarded contract for the provision of a bus service presents growth opportunities for businesses, particularly for small and medium enterprises (SMEs) and voluntary, community, and social enterprise organisations (VCSEs). Companies in the public road transport services industry, especially those capable of providing competitive and high-quality services, would be well-suited to compete for such contracts. The competitive procedure with negotiation allows for potential extensions based on performance, providing long-term business development possibilities.

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Notice Title

Provision of bus service - Route 488

Notice Description

Provision of bus service route 488 for 5 years with a provision of a 2-year extension depending on performance. Please note, costs 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-aba2f198-57c4-40c1-9b8e-aa6f4bd0b7da
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fcfe0062-ccfb-43cc-97ad-ff719c15a5db
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

Notice Value(s)

Tender Value
£2,887,402 £1M-£10M
Lots Value
Not specified
Awards Value
£2,118,723 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
10 Feb 20233 years ago
Submission Deadline
19 Jan 2021Expired
Future Notice Date
Not specified
Award Date
8 Feb 20215 years ago
Contract Period
26 Feb 2022 - 26 Feb 2027 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
Not specified
Contact Email
contracts.tendering@tfl.gov.uk
Contact Phone
+44 2030540491

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

TOWER TRANSIT

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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