Award

Asset Collection and Disposal

THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON

This public procurement record has 1 release in its history.

Award

29 Sep 2025 at 14:32

UK7 - Contract Details Notice
Summary of the contracting process

The procurement process titled "Asset Collection and Disposal" has been conducted by The Mayor and Commonalty and Citizens of the City of London, a sub-central government authority based in the City of London. This procurement falls under the services category, specifically involving collection agency services. The tender was executed using a direct procurement method, described as below threshold without competition, and it successfully concluded with the awarding of a contract. Key dates include the contract period which commenced on 1st September 2025 and is set to end on 31st August 2028. The contractual value is £115,968, and the related procurement notice was published on 29th September 2025.

This tender represents significant opportunities for businesses specialising in asset management and disposal services, particularly those with capabilities in managing and executing collection agency services. Given the direct procurement method utilised, this contract could appeal to small and medium-sized enterprises (SMEs) that can offer efficient service delivery without the need for a competitive bid process. Businesses with expertise and experience in similar public sector contracts could leverage such opportunities to expand their portfolios and establish reputable partnerships with governmental bodies. Additionally, the presence of Tier 1 Asset Management Ltd as the awarded supplier underscores the relevance for SMEs in this sector to compete for similar contracts.

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Notice Information

Notice Title

Asset Collection and Disposal

Notice Description

Asset Collection and Disposal from tier 1 asset management

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05a43c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/060593-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79940000 - Collection agency services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£115,968 £100K-£500K

Notice Dates

Publication Date
29 Sep 20254 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
27 Aug 20255 months ago
Contract Period
31 Aug 2025 - 31 Aug 2028 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON
Contact Name
Not specified
Contact Email
blake.summers@cityoflondon.gov.uk
Contact Phone
020 7606 3030

Buyer Location

Locality
CITY OF LONDON
Postcode
EC2P 2EJ
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
Not specified
Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

TIER 1 ASSET MANAGEMENT

Further Information

Notice Documents

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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