---
title: "Billingsgate LBTH Negotiations & Heads of Terms for Collaboration agreement"
ocid: "ocds-h6vhtk-0787fe"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0787fe"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0787fe.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0787fe.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "The Mayor and Commonalty and Citizens of the City of London"
published: "2026-10-14"
---

# Billingsgate LBTH Negotiations & Heads of Terms for Collaboration agreement

Buyer: The Mayor and Commonalty and Citizens of the City of London  
Current stage: Award  
OCID: ocds-h6vhtk-0787fe

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## Summary

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.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/097214-2026 |
| 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 |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 14 Oct 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 10 Aug 2026 - 31 Dec 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £60,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | The Mayor and Commonalty and Citizens of the City of London |
| Locality | CITY OF LONDON |
| Postcode area | Central London |
| Postcode | EC2P 2EJ |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI43 Haringey and Islington |
| Local authority | Islington |
| Electoral ward | Clerkenwell |
| Westminster constituency | Islington South and Finsbury |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | Deloitte LLP |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66152000 - Financial market regulatory services

## Release History

- 14 Oct 2026 at 17:11 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/097214-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/097214-2026
  14th October 2026 - Contract details notice on Find a Tender

## Notice URLs

- http://www.deloitte.co.uk
- https://www.cityoflondon.gov.uk
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## 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-0787fe. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0787fe.json.