Hyde Park Winter Wonderland 2025-2032
A Concession Contract Award
by THE ROYAL PARKS LTD
- Source
- Find a Tender
- Type
- Contract (Services)
- Duration
- 8 year
- Value
- £900M
- Sector
- MISCELLANEOUS
- Published
- 21 Mar 2024
- Delivery
- To 21 Mar 2032 (est.)
- Deadline
- n/a
Concepts
Location
LONDON
2 buyers
- Royal Parks London
1 supplier
Description
The Royal Parks (TRP) has awarded a concession contract having carried out a tender exercise for the procurement of a contract in relation to Hyde Park Winter Wonderland.
Total Quantity or Scope
The Royal Parks Limited (TRP) has run a tender exercise for the annual Hyde Park Winter Wonderland event. Interested suppliers responded to the concession notice, and submitted a signed Non-Disclosure Agreement and Conflict of Interest Declaration to access the tender documents and participate in the opportunity. TRP considers that the procurement of the concession contract has been governed by Regulation 19 of, and Schedule 3 to, the Concession Contracts Regulations 2016 (as amended) (CCR) and that, as such, the usual five-year limit on contract duration (stipulated by Regulation 18, CCR) does not apply. In any event, TRP considers the proposed eight-year duration to be objectively justified by the scope and nature of the proposed concession contract, including the length of time which it expects will be necessary in order for the successful concessionaire to be able to recoup the investments needed to perform the concession, as well as to obtain a return on the invested capital.
Award Detail
1 | International Management Group (London)
|
CPV Codes
- 79950000 - Exhibition, fair and congress organisation services
- 79952000 - Event services
Indicators
- Award on a basis other than price and quality.
Other Information
The value given in Section V.2.4 of this notice is the originally-estimated contract value. It is not possible to state a total contract value, as that value is dependent on contract performance and may vary from year to year. To view this notice, please click here: <a href="https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=847660778" target="_blank">https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=847660778 GO Reference: GO-2024321-PRO-25560409
Reference
- FTS 009278-2024