Planning

Digital Signage Project- Advertising Concession

LONDON LEGACY DEVELOPMENT CORPORATION

This public procurement record has 1 release in its history.

Planning

06 Jun 2024 at 15:05

Summary of the contracting process

The London Legacy Development Corporation (LLDC) is planning a Digital Signage Project - Advertising Concession in London to improve wayfinding across the Queen Elizabeth Olympic Park (QEOP) and create commercial opportunities. The procurement stage is currently planned, with a deadline for interested parties to register by Friday 21 June 2024 at 15:00. The project entails placing an advertising concession to commence from October 2024, with a total value of £62.6 million over 10 years.

This tender by LLDC presents an opportunity for businesses specialising in advertising and marketing services, advertising consultancy, signage, and installation and maintenance of digital assets. Companies with expertise in managing advertising campaigns and display screens are well-suited to bid for this tender. The project aims to enhance user experience at QEOP and generate revenue through commercial advertising, offering a long-term partnership for the concessionaire and LLDC.

How relevant is this notice?

Notice Information

Notice Title

Digital Signage Project- Advertising Concession

Notice Description

London Legacy Development Corporation (LLDC) digital signage project is to build on and extend the general principles of the 2013 Wayfinding Strategy incorporating new digital assets to improve wayfinding across the Queen Elizabeth Olympic Park (QEOP), supporting the estate management in making the park safe, accessible, and inclusive for all users, while providing new commercial opportunities to support the long-term financial sustainability of QEOP. LLDC is seeking to place an advertising concession with a concessionaire to commence from October 2024 to create a long-term revenue generating opportunity, the benefit of which will be shared between the concessionaire and LLDC Before the release of the Contract Notice, LLDC wishes to gauge interest from the marketplace and request that interested parties register express interest via emailing roberthughes@londonlegacy.co.uk by Friday 21 June 2024- 15.00. LLDC also welcome questions from potential Bidders that may wish to engage with the Authority on understanding more about the project as LLDC are keen to encourage suppliers with the capability, appetite, and capacity to bid. All questions and answers will be provided as part of the forthcoming procurement.

Lot Information

Lot 1

London Legacy Development Corporation (LLDC) is seeking to place an advertising concession with a concessionaire to commence October 2024 to create a long-term revenue generating opportunity, the benefit of which will be shared between the concessionaire and LLDC. LLDC currently envisage that a concession will be awarded to one organisation for the supply of screens, invitation of sponsorship, manufacture, build and installation of the new digital assets in line with LLDC specification to improve way finding across the Park, as well as the selling of advertising. In total there are 19 locations and 41 Light Emitting Diode (LED screens) suitable for dynamic messaging ranging from 48 sheet billboard (road facing locations) to 6 sheet multi directional digital assets. Out of the 19 locations nine locations will be solely wayfinding and 10 locations will be for commercial advertising. Existing digital inventory within the London Aquatic Centre (LAC) and other locations within the Park is also included. The concessionaire will be responsible for the posting/scheduling of adverts and messages and the installation and maintenance of all digital assets. Additional information: For avoidance of doubt, the value stated herein is for the full 10 years (120 months). The initial contract duration will be for 7 years with the option to extend for an additional three years. The value comprises PS6.6 million Capital Expenditure (CAPEX) and forecasted gross revenue of PS56 million. The concessionaire will pay LLDC a share of the gross revenue. The CAPEX will be funded by LLDC.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-046e17
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/017639-2024
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning 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

30 - Office and computing machinery, equipment and supplies except furniture and software packages

31 - Electrical machinery, apparatus, equipment and consumables; lighting

34 - Transport equipment and auxiliary products to transportation

50 - Repair and maintenance services

51 - Installation services (except software)

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


CPV Codes

30231300 - Display screens

31523200 - Permanent message signs

34928470 - Signage

50312600 - Maintenance and repair of information technology equipment

51110000 - Installation services of electrical equipment

79340000 - Advertising and marketing services

79341000 - Advertising services

79341100 - Advertising consultancy services

79341200 - Advertising management services

79341400 - Advertising campaign services

Notice Value(s)

Tender Value
£62,600,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
6 Jun 20241 years ago
Submission Deadline
Not specified
Future Notice Date
30 Jun 2024Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LONDON LEGACY DEVELOPMENT CORPORATION
Contact Name
Robert Hughes
Contact Email
roberthughes@londonlegacy.co.uk
Contact Phone
+44 1111111111

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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