Tender

Auction services for unclaimed lost property items

TRANSPORT FOR LONDON

This public procurement record has 1 release in its history.

Tender

11 Nov 2024 at 13:11

Summary of the contracting process

Transport for London (TfL) is actively tendering for the provision of auction services for unclaimed lost property items. This process involves two contracts spanning two years each, with the possibility of two one-year extensions. The procurement falls under the service category of auction services and covers the geographic location of the UK. The tender stage of this procurement is currently in progress, with all submissions due by 14:00 on 12 December 2024. Interested parties must register through Ariba and contact the provided email addresses to receive procurement documentation. The service provider will handle inventory and valuation, auction preparation and conduct, post-auction procedures, and revenue distribution.

This tender represents a significant business opportunity for companies specialising in auction services, particularly those experienced in both online and physical auctions. Businesses that excel in inventory management, valuation, marketing, and compliance with auction regulations will find this tender particularly suited to their expertise. Successful bidders will have the chance to build a long-term relationship with a major regional authority, leveraging their skills to manage and monetise unclaimed property while ensuring compliance and efficient operations. The achievements from this contract could lead to further opportunities within the public sector or wider auction service industry.

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Notice Title

Auction services for unclaimed lost property items

Notice Description

TfL is seeking to deliver two (2) contracts for the provision of services pertaining to auctioning unclaimed lost property items. The contract(s) shall be for a duration of two (2) years with an option to extend for up to a further one (1) plus one (1) year. The auction service provider will be required to perform the following services: Inventory and Valuation: Catalog unclaimed lost property items received from TfL. Assess and assign appropriate reserve prices for valuable items. Auction Preparation: Organise physical and/or online auctions. Provide photography and descriptions for each item (if online auctions are involved). Ensure proper marketing and advertisement of auctions to the general public. Auction Conduct: Host public auctions (in-person or online). Ensure compliance with all applicable laws and regulations regarding auctions. Post-Auction Procedures: Provide a detailed report of all sold items. For all other unsold items, arrange for their return or disposal as agreed with TfL in advance. Revenue Distribution: Handle the collection of payments from buyers. Distribute auction proceeds to TfL, minus commissions.

Lot Information

Lot 1

See short description above. Additional information: If you wish to participate in this opportunity you must register to Ariba using the link above. Once you have registered please send an email to chrisstratton@tfl.gov.uk and meetachohan@tfl.gov.uk stating the name of the organisation you have registered with. We will then share the procurement documents with you.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04b571
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/036408-2024
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

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


CPV Codes

79342400 - Auction services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Nov 20241 years ago
Submission Deadline
12 Dec 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
TRANSPORT FOR LONDON
Contact Name
Meeta Chohan
Contact Email
meetachohan@tfl.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
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
Not specified

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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