---
title: "Auction services for unclaimed lost property items"
ocid: "ocds-h6vhtk-04b571"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04b571"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04b571.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04b571.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "TRANSPORT FOR LONDON"
published: "2024-11-11"
---

# Auction services for unclaimed lost property items

Buyer: TRANSPORT FOR LONDON  
Current stage: Tender  
OCID: ocds-h6vhtk-04b571

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## Summary

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.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/036408-2024 |
| 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 |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 11 Nov 2024 |
| Submission deadline | 12 Dec 2024 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | TRANSPORT FOR LONDON |
| Locality | LONDON |
| Post town | East London |
| Postcode | E20 1JN |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI41 Hackney and Newham |
| Local authority | Newham |
| Electoral ward | Stratford Olympic Park |
| Westminster constituency | Stratford and Bow |
| Delivery location | Not specified |

## CPV Codes

### Divisions

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

### Codes

- 79342400 - Auction services

## Release History

- 11 Nov 2024 at 13:11 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/036408-2024

## Notice URLs

- https://service.ariba.com/
- https://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-h6vhtk-04b571. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04b571.json.