---
title: "Provision of bus service - Route 488"
ocid: "ocds-b5fd17-aba2f198-57c4-40c1-9b8e-aa6f4bd0b7da"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-aba2f198-57c4-40c1-9b8e-aa6f4bd0b7da"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-aba2f198-57c4-40c1-9b8e-aa6f4bd0b7da.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-aba2f198-57c4-40c1-9b8e-aa6f4bd0b7da.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "TRANSPORT FOR LONDON"
published: "2023-02-10"
---

# Provision of bus service - Route 488

Buyer: TRANSPORT FOR LONDON  
Current stage: Award  
OCID: ocds-b5fd17-aba2f198-57c4-40c1-9b8e-aa6f4bd0b7da

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-aba2f198-57c4-40c1-9b8e-aa6f4bd0b7da)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-aba2f198-57c4-40c1-9b8e-aa6f4bd0b7da.json)

## Summary

Transport for London has awarded the contract for the provision of bus service route 488 to Tower Transit. The procurement process was completed under the selective procurement method with competitive procedure and negotiation. The contract, valued at £2,117,723, has a duration from 26th February 2022 to 26th February 2027. This opportunity falls under the services category and is located in London, United Kingdom. The tender period ended on 19th January 2021.

This awarded contract for the provision of a bus service presents growth opportunities for businesses, particularly for small and medium enterprises (SMEs) and voluntary, community, and social enterprise organisations (VCSEs). Companies in the public road transport services industry, especially those capable of providing competitive and high-quality services, would be well-suited to compete for such contracts. The competitive procedure with negotiation allows for potential extensions based on performance, providing long-term business development possibilities.

## Notice

Provision of bus service route 488 for 5 years with a provision of a 2-year extension depending on performance. Please note, costs posted on Contracts Finder sometimes differ from those on the internet, this is due to post award negotiations.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/fcfe0062-ccfb-43cc-97ad-ff719c15a5db |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Competitive procedure with negotiation (above threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 10 Feb 2023 |
| Submission deadline | 19 Jan 2021 |
| Future notice date | Not specified |
| Award date | 8 Feb 2021 |
| Contract period | 26 Feb 2022 - 26 Feb 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £2,887,402 |
| Lots value | Not specified |
| Awards value | £2,118,723 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | TRANSPORT FOR LONDON |
| Locality | LONDON |
| Post town | South East London |
| Postcode | SE1 8NJ |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI44 Lewisham and Southwark |
| Local authority | Southwark |
| Electoral ward | Borough & Bankside |
| Westminster constituency | Bermondsey and Old Southwark |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | TOWER TRANSIT |

## CPV Codes

### Divisions

- 60 - Transport services (excl. Waste transport)

## Release History

- 10 Feb 2023 at 10:36 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/fcfe0062-ccfb-43cc-97ad-ff719c15a5db
- 6 May 2021 at 11:30 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/fcfe0062-ccfb-43cc-97ad-ff719c15a5db

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/fcfe0062-ccfb-43cc-97ad-ff719c15a5db
  10th February 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/5f14d91f-7252-4a67-a4bf-f0b0d4351489
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/1e8dc91e-f5e0-467c-862f-5f05920cba41

## Notice URLs

- http://www.tfl.gov.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-aba2f198-57c4-40c1-9b8e-aa6f4bd0b7da. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-aba2f198-57c4-40c1-9b8e-aa6f4bd0b7da.json.