Scope
Reference
CO6080
Description
The London Borough of Tower Hamlets (LBTH) is inviting proposals for a Sunday Food Market to be held on the night walk area in Victoria Park for a term of 3 years with an option to extend by a further 12 months on two separate occasions by mutual agreement. This agreement would commence from 1 April 2026. The purpose of the tender is to identify an experienced Market Operator who will activate a food and beverage market each Sunday throughout the year. The market should be family-friendly and be of a high quality whereby it builds a positive reputation for the park. The Council expects the successful tenderer to provide a superior hospitality experience to park users and sustain the specified standards and compliance levels with all prevailing food and Health and Safety legislation throughout the term of their contract. In return, the successful bidder will have sole trading rights from the designated market trading areas on the agreed allocated days in return for a fee payable to the Council. A contract duration of three (3) years with the option to extend twice for further one (1) year terms is recommended to give the market operator time to establish themselves, invest in the market, and attract the best stall holders in London.
Contract 1. CO6080 Victoria Park Market Concession
Supplier
Contract value
- £650,000 excluding VAT
- £780,000 including VAT
Above the relevant threshold
Date signed
16 February 2026
Contract dates
- 1 April 2026 to 30 March 2029
- Possible extension to 29 March 2031
- 4 years, 11 months, 29 days
Description of possible extension:
2 x 12 months
Main procurement category
Services
CPV classifications
- 92000000 - Recreational, cultural and sporting services
- 98000000 - Other community, social and personal services
Contract locations
- UKI - London
Other information
Applicable trade agreements
- Government Procurement Agreement (GPA)
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Open procedure
Special regime
Concession
Supplier
The Good Market Company Ltd
- Public Procurement Organisation Number: PLZN-6147-JRZD
14 Norcott Road,
London,
N16 7EL
United Kingdom
Email: hi@thegoodmarketcompany.com
Region: UKI41 - Hackney and Newham
Small or medium-sized enterprise (SME): Yes
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1. CO6080 Victoria Park Market Concession
Contracting authority
Tower Hamlets
- Public Procurement Organisation Number: PQBL-2673-MVYG
New Town Hall
London
E1 1BJ
United Kingdom
Contact name: Tolulope Shodipo
Telephone: +44 2073644099
Email: tolulope.shodipo@towerhamlets.gov.uk
Website: http://www.towerhamlets.gov.uk
Region: UKI42 - Tower Hamlets
Organisation type: Public authority - sub-central government