Find a Tender
active
Official procurement procedure
Digital Advertising Concession
Advertising and marketing services
Advertising campaign services
Advertising consultancy services
+6 more
Published value
£62,600,000
Submission deadline 4 Sept 2024, 11:00 BST
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: London Legacy Development Corporation: "Digital Advertising Concession". Published status: active. Published value: £62,600,000. 1 published lot. Recorded submission deadline: 4 Sept 2024, 11:00 BST. See the official notice for participation instructions.
| Contracting Authority | London Legacy Development Corporation | Scope & Categories | Not published | Submission Window | Closed 4 Sept 2024, 11:00 BST |
|---|---|---|---|---|---|
| Submission Gateway | Direct notice route | Legal Basis & Regime | Standard procurement | Estimated Value (exc. VAT) | £62,600,000 |
Bidder Intelligence · Authority Profile: London Legacy Development Corporation
Market Analytics
Derived from OCDS awards & bid statistics
Published history for London Legacy Development Corporation. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Competition Density
Not availableNo published reports
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate availablePayment Terms
Check noticePublished terms
Coverage: 0 active published awards; 0 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityLondon Legacy Development Corporation | Procedure methodNot published | Procurement categoryNot published |
Statusactive | Framework / DPSNot published | CompetitionNot published |
Above thresholdNot published | Legal basisNot published | Tender period startsNot published |
Clarification deadlineNot published | Electronic submissionNot published | Submission languagesNot published |
Published9 Jul 2024, 19:05 BST | Last source update9 Jul 2024, 19:05 BST | Recurring procurementNo |
ClassificationAdvertising and marketing services, Advertising campaign services, Advertising consultancy services, Advertising management services, Advertising services, Installation services of electrical equipment, Maintenance and repair of information technology equipment, Permanent message signs, Signage | ||
Delivery area | ||
OCIDocds-h6vhtk-047c15 | ||
What is being bought
London Legacy Development Corporation (LLDC) digital signage project is to build on and extend the general principles of the 2013 Wayfinding Strategy incorporating new digital assets to improve wayfinding across the Queen Elizabeth Olympic Park (QEOP), supporting the estate management in making the park safe, accessible, and inclusive for all users, while providing new commercial opportunities to support the long-term financial sustainability of QEOP. LLDC is seeking to place an advertising concession with a concessionaire to commence from October 2024 to create a long-term revenue generating opportunity.
Capital estimated around £6M and the revenue is the £56,6m
What changed
From the official release history
- Published value updated to £62,600,000
9 Jul 2024, 19:05 BST - Status changed to active
9 Jul 2024, 19:05 BST - Official notice release published
9 Jul 2024, 19:05 BST - Submission deadline changed to 4 Sept 2024, 11:00 BST
9 Jul 2024, 19:05 BST - Buyer information updated
9 Jul 2024, 19:05 BST
Lots and requirements (1)
Published by the contracting authority
- Lot 1 · #1Individual lot title not publishedactivePublished value£62,600,000LLDC is seeking to place an advertising concession with a concessionaire to commence October 2024 to create a long-term revenue generating opportunity, the benefit of which will be shared between the concessionaire and LLDC.LLDC currently envisage that a concession will be awarded to one organisation for the supply of screens, invitation of sponsorship, manufacture, build and installation of the new digital assets in line with LLDC specification to improve way finding across the Park, as well as the selling of advertising. In total there are 19 locations and 41LED screens suitable for dynamic messaging ranging from 48 sheet billboard (road facing locations) to 6 sheet multi directional digital assets. Additional information: The value stated herein is for the full 10 years (120 months). The initial contract duration will be for 7 years with the option to extend for an additional three years. The value comprises £6.6 million Capital Expenditure and forecasted gross revenue of £56 million.Contract periodNot publishedEligibilityNot publishedOptions / renewalNot published
Timeline
- Procedure published
9 Jul 2024, 19:05 BST - Submission deadline
4 Sept 2024, 11:00 BST
Commercial outcome and competition
AwardsNo award published |
ContractsNo contract published |
Bid statisticsNo aggregate bid statistics published |
Buyer and organisations in this procedure
London Legacy Development Corporation
Contracting authority GB-FTS-118025Documents (2)
Official links; attachments are not copied
Related procedures (0)
No related procedures published