Auction services for unclaimed lost property items

Concepts

• auction services
• unclaimed lost property items
• valuable items
• online auctions
• auction proceeds
• auctions
• host public auctions
• all other unsold items
• all sold items
• the auction service provider

Location

United Kingdom:

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. 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.

Total Quantity or Scope

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. ⁠

CPV Codes

• 79342400 - Auction services

Indicators

• This is a one-off contract (no recurrence)

Other Information

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