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Transport for London could sign its much-watched revenue-collection contract as early as tomorrow, following likely end of a 10-day “standstill” period under UK procurement law.
TfL also has declined to say so far how much the contract will be worth, which will depend on the winning bid. TfL tender documents in late 2022 estimated the minimum contract at £800 million (US$1.1 billion) over seven years, increasing to £1.5 billion if extended to the maximum of 12 years.
• TfL (London)
• Indra
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Transport for London is citing UK procurement law in response to questions from Mobility Payments about when it will announce the winner of its revenue-collection contract, which a TfL board committee awarded 10 days ago.
At issue appears to be the “standstill” period that is part of UK procurement legislation. Under the law that applies to the agency’s current revenue-collection contract procurement–the Public Contracts Regulations 2015–a public agency on a competitive procurement can’t enter into a contract for a minimum of 10 calendar days after notifying each bidder of the contract award.
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