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ClosedFind a Tender · tender

Auction services for unclaimed lost property items

Buyer: Transport for London →

BuyerTransport for London
StatusClosed
Deadline12 Dec 2024
ValueValue not published
Published11 Nov 2024

What is being bought

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. 

Delivery location

UK

Categories

Auction services 79342400Auction services 79342400

Lot details

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. ⁠

Statusactive

What is included

ItemCategoryQuantity
1Auction servicesNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 79. The category anchor is Auction services (79342400); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 7913,7404 median · 30.9 average (5,804 of 13,740 with a bid count)3.2 average (6,508 of 13,740 with named award suppliers)1 comparable price pairs
Same buyer535 median · 35 average (1 of 5 with a bid count)5 average (1 of 5 with named award suppliers)Not published
Delivery region: UK3,8104 median · 60.1 average (1,524 of 3,810 with a bid count)5 average (1,810 of 3,810 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNo
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byNot published
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Documents & submission route

  • economicSelectionCriteria
  • technicalSelectionCriteria

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-04b571
Latest release ID036408-2024
Latest release timestampMon Nov 11 2024 13:11:08 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statusactive
Procurement methodNot published
Procurement method detailsNot published
Main procurement categoryservices
Above thresholdNot published
Legal basis32014L0023
Tender period: startNot published
Tender period: end2024-12-12T14:00:00Z
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesen
Electronic catalogue policyNot published
Total tender valueNot published
Tender lots in source1
Tender items in source1
Tender documents in source2
Awards in latest release0
Contracts in latest release0
Parties in latest release2

Notice history

DateEventReference
11 Nov 2024tender036408-2024

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
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        "contractPeriod": {
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    ],
    "items": [
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    "title": "Auction services for unclaimed lost property items",
    "status": "active",
    "documents": [
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    "legalBasis": {
      "id": "32014L0023",
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    "description": "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. \nThe auction service provider will be required to perform the following services:  \nInventory and Valuation:  \nCatalog unclaimed lost property items received from TfL.  \nAssess and assign appropriate reserve prices for valuable items.  \nAuction Preparation: \n Organise physical and/or online auctions.  \nProvide photography and descriptions for each item (if online auctions are involved).  \nEnsure proper marketing and advertisement of auctions to the general public.  \nAuction Conduct:  \nHost public auctions (in-person or online).  \nEnsure compliance with all applicable laws and regulations regarding auctions.  \nPost-Auction Procedures:  \nProvide a detailed report of all sold items.  \nFor all other unsold items, arrange for their return or disposal as agreed with TfL in advance. \nRevenue Distribution:  \nHandle the collection of payments from buyers.  \nDistribute auction proceeds to TfL, minus commissions. ",
    "tenderPeriod": {
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    "hasRecurrence": false,
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    "mainProcurementCategory": "services"
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  "parties": [
    {
      "id": "GB-FTS-99007",
      "name": "Transport for London",
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      "contactPoint": {
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        "name": "Meeta Chohan",
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    {
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      "identifier": {
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    }
  ],
  "language": "en",
  "initiationType": "tender"
}
Complete JSON history (1 releases)
11 Nov 2024 · 036408-2024 · tender
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  "date": "2024-11-11T13:11:08Z",
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        "contractPeriod": {
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        ]
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    ],
    "title": "Auction services for unclaimed lost property items",
    "status": "active",
    "documents": [
      {
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        "documentType": "economicSelectionCriteria"
      },
      {
        "id": "technical",
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    "hasRecurrence": false,
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        "streetAddress": "5 Endeavour Square"
      },
      "details": {
        "url": "https://tfl.gov.uk/",
        "classifications": [
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            "scheme": "TED_CA_TYPE",
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          {
            "id": "01",
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        "postalCode": "£20 1JN",
        "countryName": "United Kingdom",
        "streetAddress": "5 Endeavour Square"
      },
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        "legalName": "Transport for London"
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}