Tender

Arcelormittal Orbit (AMO) Lease- operate and maintain

LONDON LEGACY DEVELOPMENT CORPORATION

This public procurement record has 1 release in its history.

Tender

15 Nov 2023 at 14:05

Summary of the contracting process

The London Legacy Development Corporation (LLDC) is seeking a new operator for a 10-year operation and maintenance lease, with a possible extension, for the ArcelorMittal Orbit (AMO) in Queen Elizabeth Olympic Park, located in Stratford, East London. The estimated total value of the contract is £22,500,000, with a potential increase to £30,000,000 based on future use scenarios. The procurement is at the tender stage, with a submission deadline of 15th January 2024.

This opportunity is suitable for businesses experienced in providing recreational, cultural, and sporting services. Companies interested in long-term contracts and operations within the leisure industry, particularly in the Stratford area, should consider bidding. The LLDC, as the contracting authority, aims to award a contract for the AMO's operation and maintenance, presenting a growth opportunity for businesses in the services sector looking to expand their presence in East London.

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Notice Title

Arcelormittal Orbit (AMO) Lease- operate and maintain

Notice Description

The Contracting Authority London Legacy Development Corporation (LLDC) wishes to secure a new operator to undertake a 10 year operation and maintenance lease (with an option to extend for a additional 5 years for a maximum duration of 15 years) for the ArcelorMittal Orbit (AMO) located in Queen Elizabeth Olympic Park in Stratford, East London. The estimated total value based on how the AMO operated and is maintained today across the maximum lease duration of 15 years is PS22,500,000. Dependent on proposed future use of the AMO (which is subject to regulatory approvals) the estimated total value across the maximum lease duration of 15 years is PS30,000,000.

Lot Information

Lot 1

The Contracting Authority London Legacy Development Corporation (LLDC) wishes to secure a new operator or operators to undertake a 10 year operation and maintenance lease (with an option to extend for up to a additional 5 years for a maximum duration of 15 years) for the ArcelorMittal Orbit located in Queen Elizabeth Olympic Park in Stratford, East London.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-041a09
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/033780-2023
Current Stage
Tender
All Stages
Tender

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

92 - Recreational, cultural and sporting services


CPV Codes

92000000 - Recreational, cultural and sporting services

Notice Value(s)

Tender Value
£22,500,000 £10M-£100M
Lots Value
£22,500,000 £10M-£100M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Nov 20232 years ago
Submission Deadline
15 Jan 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
2 Jun 2024 - 2 Jun 2034 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LONDON LEGACY DEVELOPMENT 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
UK-LONDON
Postcode
E20 1JN
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI41 Hackney and Newham

Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

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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