Award

20/21 Aldermanbury - Cost Consultant

THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON

This public procurement record has 2 releases in its history.

Award

30 Mar 2026 at 13:28

Tender

27 Jan 2026 at 16:43

Summary of the contracting process

The City of London Corporation is undertaking a procurement process to secure professional cost consultancy services for the refurbishment works at 20/21 Aldermanbury. The procurement, managed under a Design and Build delivery route, involves an open and competitive flexible procedure and focuses on cost planning, value engineering, risk management, and post-completion services. This process is currently at the award stage, with Fulkers Bailey Russell selected as the successful supplier. The contract period is scheduled from 15 April 2026 to 30 March 2028, with options for extensions to ensure continuity until project completion. The procurement belongs to the 'services' category, with a gross value of £132,723.60. Interested parties had until 24 February 2026 to submit their bids.

This tender offers significant growth opportunities for businesses specialising in cost consultancy for construction projects, particularly SMEs that have robust technical and economic capabilities. As the City of London supports SMEs through proportionate participation conditions, it is well-suited for businesses able to demonstrate quality, cost efficiency, and responsible procurement practices. Engaging in such lucrative projects not only enhances a company’s portfolio but strengthens its presence in the industry, especially those with expertise in complex refurbishment projects. This competitive environment encourages innovation and allows businesses to form strategic alliances or rely on consortium members to expand their capabilities.

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Notice Title

20/21 Aldermanbury - Cost Consultant

Notice Description

The City of London Corporation is procuring professional cost consultancy services for the CAT A refurbishment works at 20-21 Aldermanbury. The appointment will include cost planning and benchmarking, whole-life and carbon cost analysis, procurement and tendering support, value engineering, risk and contingency management, cost assurance and commercial management during construction, and post-completion services under a Design and Build delivery route. The Consultant will support the wider project team in maintaining robust cost control and value for money across all RIBA stages

Lot Information

Lot 1

Renewal: The initial term is anticipated to end on 31 December 2027, with two optional 12-month extensions which could extend the contract to 31 December 2029.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-061026
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/029146-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

71 - Architectural, construction, engineering and inspection services


CPV Codes

71242000 - Project and design preparation, estimation of costs

71324000 - Quantity surveying services

Notice Value(s)

Tender Value
£228,000 £100K-£500K
Lots Value
£228,000 £100K-£500K
Awards Value
£110,603 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Mar 20263 weeks ago
Submission Deadline
24 Feb 2026Expired
Future Notice Date
Not specified
Award Date
29 Mar 20263 weeks ago
Contract Period
14 Apr 2026 - 30 Mar 2028 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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

FULKERS BAILEY RUSSELL

Open Contracting Data Standard (OCDS)

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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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