Award

Gas Fixed Price, Fixed term

CITY OF LONDON CORPORATION

This public procurement record has 1 release in its history.

Award

17 Oct 2018 at 09:25

Award Notice
Summary of the contracting process

The City of London Corporation is seeking suppliers for a fixed price, fixed term gas contract titled "Gas Fixed Price, Fixed term." This procurement falls under the industry category of petroleum products, fuel, electricity, and other sources of energy. The contract, valued at £828,032, is intended to be executed within London, starting on 1st October 2018 and concluding on 30th September 2020. This procurement process followed an open procedure, concluding the tender period on 16th July 2018, and has reached the award stage as of 9th August 2018.

This contract presents significant growth opportunities for large-scale energy suppliers capable of managing fixed pricing and non-commodity costs. Businesses that can ensure a reliable supply of gas and have the capacity to fulfil a two-year term under a performance-based model would be particularly well-positioned to compete. Suppliers who can accommodate a +/-20% annual volume tolerance may also find themselves at an advantage, given the flexibility required in the contracting terms.

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Notice Information

Notice Title

Gas Fixed Price, Fixed term

Notice Description

The Authority require a fixed price, fixed term contract which includes all non-commodity costs and which protect against increases in non-commodity costs across the contract duration. The requirement is for a 2 year contract based on 28 day BACs payment term and no requirements for any credit mitigation. The contract is to include, as minimum, a +/-20 % annual volume tolerance. Additional information: Total contract values given are for the full contract period, and are based upon estimated costs and volume at the time of contract award, which may be subject to change during the life of the contract.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d18aaf10-b448-48c0-afa9-39729cb0b259
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8214e1f9-c1e2-4cb0-b133-ec3237f5067d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

09 - Petroleum products, fuel, electricity and other sources of energy

CPV Codes

09000000 - Petroleum products, fuel, electricity and other sources of energy

Notice Value(s)

Tender Value
£828,032 £500K-£1M
Lots Value
Not specified
Awards Value
£828,032 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
17 Oct 20187 years ago
Submission Deadline
16 Jul 2018Expired
Future Notice Date
Not specified
Award Date
8 Aug 20187 years ago
Contract Period
30 Sep 2018 - 30 Sep 2020 2-3 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
CITY OF LONDON CORPORATION
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
EC2P 2EJ
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI London
Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

TOTAL GAS AND POWER

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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