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Hyde Park Music Festival 2022-2027

The Royal Parks (TRP Trading Company Ltd)

This public procurement record has 1 release in its history.

AwardUpdate

21 Feb 2023 at 10:16

Award Notice
Summary of the contracting process

The Hyde Park Music Festival 2022-2027 procurement process, conducted by The Royal Parks (TRP Trading Company Ltd) in London, United Kingdom, has reached the award stage. The tender falls under the services category with a contract period of six years. AEG Presents Ltd has been awarded the contract valued at £438,000,000, signed on 29th September 2020, to operate and manage the festival.

This opportunity presents a significant chance for event services businesses to expand their portfolios. Companies with expertise in managing large-scale festivals and events, especially in the music industry, would be well-suited to compete for this contract. The extended contract period and the inclusion of additional event slots offer long-term growth potential for successful bidders, enabling them to showcase their capabilities in organising major events.

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Notice Information

Notice Title

Hyde Park Music Festival 2022-2027

Notice Description

Lot Information

Lot 1

The Royal Parks (TRP Trading Company Ltd) invited tenders for an event contract for the operation and management of Hyde Park Music Festival for a six year period. The contract was subsequently modified to include two additional event slots ("Additional Events") for the years 2022-2024 due to these event slots becoming unexpectedly available and the charity not having the necessary time available to undertake a procurement exercise. The modification notice was published on 08/09/2021 with reference number 2021/S 174-455283.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03a71c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/005131-2023
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79952000 - Event services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£438,000,000 £100M-£1B

Notice Dates

Publication Date
21 Feb 20233 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
29 Sep 20205 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Not Specified
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
The Royal Parks (TRP Trading Company Ltd)
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
W2 2UH
Postcode Area
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
Westminster
Electoral Ward
Hyde Park
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
2
Supplier Names

AEG Presents

AEG Presents Ltd

Further Information

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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