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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.
No supplier information available.
This procurement was divided into 1 lots, each awarded separately.
| Lot | Value | Status |
|---|---|---|
| Lot 1 720 days (≈2 yrs) | - | active |
Published by the buyer on this notice. Details change and are not updated here.