Official UK procurement notice
CO6080 - Victoria Park Market Concession
Authority: Tower Hamlets
What is being bought
Published requirement descriptionThe London Borough of Tower Hamlets (LBTH) is inviting proposals for a Sunday Food Market to be held on the night walk area in Victoria Park for a term of 3 years with an option to extend by a further 12 months on two separate occasions by mutual agreement. This agreement would commence from 1 April 2026. The purpose of the tender is to identify an experienced Market Operator who will activate a food and beverage market each Sunday throughout the year. The market should be family-friendly and be of a high quality whereby it builds a positive reputation for the park. The Council expects the successful tenderer to provide a superior hospitality experience to park users and sustain the specified standards and compliance levels with all prevailing food and Health and Safety legislation throughout the term of their contract. In return, the successful bidder will have sole trading rights from the designated market trading areas on the agreed allocated days in return for a fee payable to the Council. A contract duration of three (3) years with the option to extend twice for further one (1) year terms is recommended to give the market operator time to establish themselves, invest in the market, and attract the best stall holders in London.
- The authority expects to re-tender this requirement around 1 Oct 2030, 23:59 BST.
- No preliminary market engagement: A preliminary market engagement notice was not published for this procurement as sufficient engagement and research had already been undertaken prior to the tender process. Informal consultations were carried out during the project planning stage to assess supplier capability, service delivery approaches, and indicative costs. The feedback provided a clear understanding of the market’s capacity to deliver the required management service for traders operating within Victoria Park, which was used to shape the procurement approach, service specification, and evaluation criteria. Given the routine and locally focused nature of the requirement, and the existence of a well-understood market for park and trader management services, it was determined that a further formal preliminary market engagement would not add produce new insights. Proceeding directly to tender was therefore considered a proportionate and efficient approach that maintains both transparency and value for money.
CPV: Other community, social and personal services · Recreational, cultural and sporting services
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£650,000
- Economic & financial standing
The legal and financial capacity conditions of participation will be clearly set out in the Invitation to Tender document.
- Technical & professional ability
The technical ability conditions of participation will be clearly set out in the Invitation to Tender document.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (2)
- Quality & Social Value: 55%
- Price: 45%
Published award criteria (2)
- Price
- Quality & Social Value: Quality = 45% Social Value = 10%
- Economic & financial standing
The legal and financial capacity conditions of participation will be clearly set out in the Invitation to Tender document.
- Technical & professional ability
The technical ability conditions of participation will be clearly set out in the Invitation to Tender document.
- Price carries 45 of 100 points: a 10% discount moves about 4.5 points. Quality carries 55 of 100: the paper moves it further than the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Concession
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Yes · next expected 1 Oct 2030
- First published
- 16 Oct 2025, 15:40 BST
- Last source update
- 19 Feb 2026, 14:27 GMT
- Award evaluation window
- Submission end – 8 Dec 2025
- Authority reference
CO6080- FTS notice number
2025/S 000-066004- Latest notice
- Contract details notice (UK7)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-05ce31Find a Tender- Contract terms summary
This is clearly defined in the Contract Terms and Conditions
How it was run
Official notice- Submission deadline
- 20 Nov 2025, 12:00 GMT
- Clarification deadline
- 7 Nov 2025, 17:00 GMT
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
- Accepted languages
- en
All bidders need to be registered on Proactis/Due North in order to access this opportunity through the London Tenders portal.
Timeline
16 Oct 2025 → 1 Apr 2026 · 6 dates- Tender notice published370 days ago16 Oct 2025, 15:40 BST
- Clarification questions by348 days ago7 Nov 2025, 17:00 GMT
- Submission deadline336 days ago20 Nov 2025, 12:00 GMT
- Award decision expected by317 days ago8 Dec 2025, 23:59 GMT
- Latest notice published244 days ago19 Feb 2026, 14:27 GMT
- Contract starts204 days ago1 Apr 2026, 00:00 BST
Notice history
3 events · 2 releases on Find a Tender · since 16 Oct 2025- Tender notice published16 Oct 2025, 15:40 BSTUK4
- Contract details notice published19 Feb 2026, 14:27 GMTUK7
- Status changed to complete19 Feb 2026, 14:27 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| The Good Market Company Ltd | £650,000 † | — | Awarded |
Contracts
CO6080 Victoria Park Market Concession · The Good Market Company Ltd
- Signed
- 16 Feb 2026
- Value
- £650,000
- Period
- 1 Apr 2026 – 30 Mar 2029 · up to 29 Mar 2031 with extensions
- Status
- active
- Extensions
- 2 x 12 months
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- The Good Market Company LtdAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedNotices published for this procedure
- Contract details notice Contract details notice on Find a Tender
- Tender notice Tender notice on Find a Tender