Transport for London donations of unclaimed lost property

Unknown

Value

£0

Classifications

  • Auction services

Tags

  • tenderUpdate

Published

3 days ago

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. 
For all other unsold items, arrange for their return or disposal as agreed with TfL in advance.Revenue Distribution:  
Paragraph locked by Meeta Chohan
Handle the collection of payments from buyers.  
Distribute auction proceeds to TfL, minus commissions. 

Documents

Premium

Bypass the hassle of outdated portals. Get all the information you need right here, right now.

  • Contract Agreement

    The official contract terms, conditions, and scopes of work.

    Download
  • Award Notice

    Details on the tender award and selected suppliers.

    Download

Similar Contracts

AI Bid Assistant

Our AI-powered tool to help you create winning bids is coming soon!

View Contract Source Save Contract

Timeline unknown