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Billingsgate LBTH Negotiations & Heads of Terms for Collaboration agreement

The Mayor and Commonalty and Citizens of the City of London

This public procurement record has 1 release in its history.

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14 Oct 2026 at 17:11

UK7 - Contract Details Notice
Summary of the contracting process

The City of London Corporation commissioned professional services for negotiations and preparation of heads of terms for a collaboration agreement concerning Billingsgate and LBTH. The work is classified as financial market regulatory services. It is a focused advisory requirement linked to agreeing the basis for collaboration, rather than a general supply of goods or construction work. The buying organisation is The Mayor and Commonalty and Citizens of the City of London. The procurement title identifies Billingsgate and LBTH as the subject of the collaboration; no separate delivery location is stated.

The procurement is complete and was awarded to Deloitte LLP. The City of London Corporation used a direct award below the applicable threshold, without competition. The contract was signed on 9 August 2026 and runs from 10 August to 31 December 2026. Its recorded value is £60,000 including VAT. The tender description proposed a budget of up to £10,000 per month for the initial negotiation period, estimating up to £50,000, with a possible increase to a maximum of £100,000 depending on the timing and scope of negotiations. One lot was awarded. The release does not state an award date or explain the basis used to select the supplier.

For suppliers tracking future requirements from the City of London Corporation, this award demonstrates demand for specialist advisory support on negotiations and heads of terms for a collaboration agreement concerning Billingsgate and LBTH. Deloitte LLP, a large supplier, was selected through a direct award without competition, so the published process provides no evidence of a competitive evaluation or stated qualification thresholds. A credible future competitor would need to show relevant financial-market regulatory knowledge and the ability to support complex negotiations and produce clear, usable agreement terms. The requirement appears suited to professional services firms with appropriate advisory capacity and experience working with public-sector organisations and multiple stakeholders; those capabilities are inferred from the work described, rather than listed as formal selection requirements.

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Notice Information

Notice Title

Billingsgate LBTH Negotiations & Heads of Terms for Collaboration agreement

Notice Description

Total Contract Value This is the total amount payable to the supplier and includes extensions, subsequent phases, maintenance, and/or annual charge. A budget of up to PS10,000 per month is proposed for the initial negotiation period from August to December 2026, giving an estimated total of up to PS50,000. As the timing and scope of negotiations are not entirely within CoLC's control, the contract value may increase, subject to an overall maximum of PS100,000.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0787fe
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/097214-2026
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66152000 - Financial market regulatory services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£60,000 Under £100K

Notice Dates

Publication Date
14 Oct 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
10 Aug 2026 - 31 Dec 2026 1-6 months
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
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
Postcode Area
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

Deloitte LLP

Further Information

Notice Documents

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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