Tender

Digital Advertising Concession

LONDON LEGACY DEVELOPMENT CORPORATION

This public procurement record has 1 release in its history.

Tender

09 Jul 2024 at 18:05

Summary of the contracting process

The London Legacy Development Corporation (LLDC) is seeking to place a digital advertising concession for the Queen Elizabeth Olympic Park, aiming to improve wayfinding and create commercial opportunities. The procurement process is currently at the tender stage, with a contract value of £62.6 million over 10 years. The deadline for tender submissions is September 4th, 2024, and the project location covers Hackney and Newham in London.

This tender presents an opportunity for businesses in the advertising and marketing services industry to compete for a concession agreement for digital signage. Suitable businesses would be those capable of providing screens, sponsorship, manufacture, installation, and advertising services. The concession is expected to span 10 years, with potential for a 3-year extension. Interested suppliers should review the procurement documents for submission criteria and contract terms.

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Notice Title

Digital 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. Capital estimated around PS6M and the revenue is the PS56,6m

Lot Information

Lot 1

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 41LED screens suitable for dynamic messaging ranging from 48 sheet billboard (road facing locations) to 6 sheet multi directional digital assets. Additional information: 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 and forecasted gross revenue of PS56 million.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-047c15
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/020980-2024
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

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

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

Notice Dates

Publication Date
9 Jul 20241 years ago
Submission Deadline
4 Sep 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
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
Fotios Bountalis
Contact Email
fotisbountalis@londonlegacy.co.uk
Contact Phone
+44 74000000

Buyer Location

Locality
LONDON
Postcode
SW18 4LS
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI34 Wandsworth
Delivery Location
TLI41 Hackney and Newham

Local Authority
Wandsworth
Electoral Ward
Wandsworth Town
Westminster Constituency
Putney

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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