Award

Provision of bus service - Route 56

TRANSPORT FOR LONDON

This public procurement record has 1 release in its history.

Award

27 Nov 2024 at 11:32

Summary of the contracting process

Transport for London has completed the procurement process for the provision of bus service Route 56, set to commence on 1st March 2025 and running until 3rd March 2028. This contract, classified under public road transport services, involves a competitive procedure with negotiation and has been awarded for a total value of £6,466,000. The procurement, designated for service delivery within London, falls under the industry category of services and is aimed at engaging SMEs and VCSEs. Key dates of note include the tender period ending on 17th September 2024 and the award date of 1st November 2024.

This tender presents significant opportunities for businesses in the public transport sector, particularly those specialising in bus services. The contract value and the three-year duration offer a stable revenue stream, favourable for business growth. Given the preference for competitive procedure with negotiation, businesses with a substantial portfolio and negotiation capabilities will find themselves well-positioned. SMEs and social enterprises (VCSEs) should especially consider this procurement, as it is designed to be inclusive of such entities, offering them a foothold in a major metropolitan market. The awarded supplier is Stagecoach East London, indicating robust competition and high standards expected.

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Notice Title

Provision of bus service - Route 56

Notice Description

Provision of bus service route 56 for 3 years. Please note, cost 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-f43b524e-6847-42da-8b9b-8c0f0b9ed993
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ae556b8a-e04d-4731-832b-f650e468e816
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
£6,536,001 £1M-£10M
Lots Value
Not specified
Awards Value
£6,466,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
27 Nov 20241 years ago
Submission Deadline
17 Sep 2024Expired
Future Notice Date
Not specified
Award Date
1 Nov 20241 years ago
Contract Period
1 Mar 2025 - 3 Mar 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
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

STAGECOACH EAST LONDON

Further Information

Notice Documents

Notice URLs

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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