Award

Provision of bus service - Route 326

TRANSPORT FOR LONDON

This public procurement record has 1 release in its history.

Award

06 May 2025 at 10:24

Summary of the contracting process

The procurement process for the 'Provision of bus service - Route 326' was conducted by Transport for London, located at 197 Blackfriars Road, London, England. This contract falls under the public road transport services industry category and will be executed in the region of London, United Kingdom. The procurement followed a selective method, specifically a competitive procedure with negotiation (above threshold). The process is currently in the award stage, with the contract period set to commence on 26 July 2025 and conclude on 28 July 2028. The award, with a total value of £5,989,926 GBP, was made to London Sovereign on 22 January 2025. Opportunities were presented for submission until the tender period ended on 23 July 2024.

This procurement offers significant opportunities for business growth, particularly for companies specialising in public transport services. It is especially suitable for large businesses with the capability to manage substantial transport operations in a major urban area like London. However, small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) were also considered suitable, suggesting that entities with innovative solutions and competitive pricing had potential opportunities to compete. Engaging in such tenders could lead to strategic partnerships with major public entities like Transport for London and enhance a company's presence in the transport sector.

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Notice Title

Provision of bus service - Route 326

Notice Description

Provision of bus service route 326 for 3 years. 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-ba1535e3-a13f-4cc3-b556-71fdecd9be70
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/da5b0069-e0e7-4de2-880e-36336fb5a55a
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

60112000 - Public road transport services

Notice Value(s)

Tender Value
£6,380,452 £1M-£10M
Lots Value
Not specified
Awards Value
£5,989,926 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
6 May 20259 months ago
Submission Deadline
23 Jul 2024Expired
Future Notice Date
Not specified
Award Date
22 Jan 20251 years ago
Contract Period
25 Jul 2025 - 28 Jul 2028 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
TRANSPORT FOR LONDON
Contact Name
Richard Rampton
Contact Email
contracts.tendering@tfl.gov.uk
Contact Phone
Not specified

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

LONDON SOVEREIGN

Further Information

Notice Documents

Notice URLs

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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