Award

Provision of bus service - Route 507

TRANSPORT FOR LONDON

This public procurement record has 1 release in its history.

Award

05 May 2021 at 12:28

Summary of the contracting process

The procurement process for the provision of bus service Route 507 has been completed, with Transport for London as the contracting authority. The competitive procedure involved a selective procurement method and a negotiation process, taking place within the public road transport services industry category. The contract is valued at £2,329,000 and commenced on 28th August 2021, lasting for a five-year period until 28th August 2026, with a possible two-year extension based on performance. Key dates included the tender period, which ended on 2nd September 2020, and the award date of 10th March 2021.

This tender represents a significant opportunity for businesses operating in the transport services sector, particularly small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs). Companies with expertise in public transport solutions or those who can demonstrate reliability and quality in service delivery are well-suited to compete for future contracts of this nature. Engaging with Transport for London can facilitate business growth in a competitive and evolving market.

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Notice Title

Provision of bus service - Route 507

Notice Description

Provision of bus service route 507 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-efe22866-57af-4c9d-b6eb-1c94ec727236
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fd9758af-50c8-4744-afc1-b8c4729cf9fd
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
£2,329,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,123,707 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
5 May 20215 years ago
Submission Deadline
2 Sep 2020Expired
Future Notice Date
Not specified
Award Date
10 Mar 20215 years ago
Contract Period
27 Aug 2021 - 28 Aug 2026 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
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 GENERAL TRANSPORT SERVICES

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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