Award

The Royal Parks (TRP) - Concession for the Provision of Catering Services at Regent's Park and Primrose Hill.

THE ROYAL PARKS LTD

This public procurement record has 1 release in its history.

Award

08 Oct 2024 at 09:40

Award Notice
Summary of the contracting process

The Royal Parks Ltd has completed the procurement process for a concession to provide catering services at Regent's Park and Primrose Hill. The procurement, classified under CPV code 55520000 for catering services, is valued at £26,372,097 GBP. The contract was officially awarded to Benugo Ltd and will run from 1 November 2024 to 31 October 2029. This venture is set within the London region and the procurement process has reached the 'award' stage. The pre-defined tender period ended on 10 June 2024. The process required a capital investment from the successful bidder for refurbishing the catering outlets.

This tender presents significant growth opportunities, particularly for businesses specialising in catering and hospitality. Small and medium-sized enterprises (SMEs) could find this especially beneficial given the scale and public nature of the contract, although the successful bidder, Benugo Ltd, is a large-scale enterprise. The Royal Parks Ltd anticipates that the appointed caterer will operate on a fully commercial concession basis, paying a concession fee on net sales backed by a minimum annual guaranteed sum, which provides avenues for substantial revenue generation and brand visibility in a highly frequented public space.

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Notice Information

Notice Title

The Royal Parks (TRP) - Concession for the Provision of Catering Services at Regent's Park and Primrose Hill.

Notice Description

Concession for the Provision of Catering Services at Regent's Park and Primrose Hill. (TRP) The Royal Parks anticipates that a 5 year initial contract period + 2 year extension (with mutual agreement) a fully commercial concession basis whereby the appointed caterer shall pay a concession fee on Net Sales supported by a Minimum Annual Guaranteed Sum. Capital investment will be required from the successful bidder for the refurbishment of the catering outlets.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ae12e195-f352-4696-a216-33fb79391819
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/36720512-b859-4bc8-80d4-2f62f9d49568
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

55 - Hotel, restaurant and retail trade services

CPV Codes

55520000 - Catering services

Notice Value(s)

Tender Value
£26,372,097 £10M-£100M
Lots Value
Not specified
Awards Value
£26,372,097 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
8 Oct 20241 years ago
Submission Deadline
9 Jun 2024Expired
Future Notice Date
Not specified
Award Date
17 Jul 20241 years ago
Contract Period
1 Nov 2024 - 31 Oct 2029 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
THE ROYAL PARKS LTD
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
W2 2UH
Post Town
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
Hyde Park
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

BENUGO

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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