Award

Hyde Park Music Festival 2022-2027

THE ROYAL PARKS (TRP TRADING COMPANY LTD)

This public procurement record has 1 release in its history.

Award

21 Feb 2023 at 10:17

Summary of the contracting process

The Royal Parks (TRP Trading Company Ltd) recently awarded a contract for the operation and management of the Hyde Park Music Festival from 2022 to 2027. The procurement process was conducted under a limited tender procedure without prior publication of a call for competition. The buyer organisation, The Royal Parks, is located in London, United Kingdom, and falls under the industry category of event services. The key date for the contract award was on September 29, 2020, with a contract value of GBP 438,000,000.

This tender for the Hyde Park Music Festival offers opportunities for businesses in the event services sector to participate in managing and organising this large-scale music festival over a six-year period. Companies experienced in event operations and management, particularly those with expertise in organising music festivals and large-scale events, would be well-suited to compete for this contract. The contract provides stability for attracting suppliers like AEG Presents Ltd, the current active supplier, creating a platform for long-term business growth and collaboration.

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Notice Title

Hyde Park Music Festival 2022-2027

Notice Description

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.

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. TRP intends to modify the existing contract for the operation and management of Hyde Park Music Festival (HPMF) to allow the Event Organiser to hold Additional Events in 2025, 2026 & 2027, each having a capacity of 49,999. All of the events permissible each year under the contract (including the Additional Events) will be held within a three-week time period in June and July each year

Procurement Information

This is an Event Services contract, classified as 'social and other specific services' under Schedule 3 of the CCR. As such, TRP does not consider Regulation 43 of the CCR applies. Additional Events (AEs) have become available because a concession contract for an event in September expired during the Covid pandemic. The cost of staging a smaller standalone event in September substantially outweighs the inclusion of the AEs in the HPMF Contract for 2025-27. Instead of 2 lots of event infrastructure being built and de-rigged and 2 lots of concerts - as was the previous arrangement when the 2 slots that are now the AEs were previously used for different events in September - there is only 1 event, 1 lot of infrastructure and 1 lot of disruption - significantly better for the park environment and the enjoyment of the park by its visitors. The AEs will take place in June/July as an extension to the existing Hyde Park Music Festival over a three-week period, making use of the existing infrastructure. The modification is also necessary as there is no time to procure an alternative event organiser (under a separate contract) to hold the AEs from 2025.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03a71d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/005132-2023
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
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
28 Sep 20205 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
THE ROYAL PARKS (TRP TRADING COMPANY LTD)
Contact Name
Not specified
Contact Email
procurement@royalparks.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
W2 2UH
Post Town
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
1
Supplier Name

AEG PRESENTS

Open Contracting Data Standard (OCDS)

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