Award

Provision of bus service - Route K5

TRANSPORT FOR LONDON

This public procurement record has 2 releases in its history.

AwardUpdate

17 Oct 2024 at 11:11

Award

16 Jul 2024 at 11:51

Summary of the contracting process

Transport for London has awarded the contract for the provision of bus service on Route K5 to London United. The procurement, classified under the industry category of "Public road transport services" (CPV code 60112000), uses a competitive procedure with negotiation, aimed at services. The contract period spans from 6th July 2024 to 2nd July 2027. This procurement process was initiated on 20th February 2024 and reached the award stage on 9th May 2024. The total contract value is approximately £2,077,447, with the service delivery focused in London, United Kingdom. The primary procurement method was selective, highlighting a competitive approach above the threshold.

The awarded contract presents significant growth opportunities for businesses specialising in public transportation services, particularly those capable of meeting the standards required by a major metropolitan authority like Transport for London. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are especially encouraged to engage in similar procurements due to the suitability criteria. Companies with expertise in innovative transportation solutions and efficient operational management will find this tender particularly beneficial for enhancing their market presence and scaling their operations.

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Notice Title

Provision of bus service - Route K5

Notice Description

Provision of bus service route K5 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-c4ed8fce-7bd0-446f-8178-f6e838e96adb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/161dac63-6a4e-4d44-89e5-11ad5888f0ff
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
£2,077,447 £1M-£10M
Lots Value
Not specified
Awards Value
£1,747,128 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
17 Oct 20241 years ago
Submission Deadline
20 Feb 2024Expired
Future Notice Date
Not specified
Award Date
8 May 20241 years ago
Contract Period
5 Jul 2024 - 2 Jul 2027 2-3 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
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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 UNITED

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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