Scope
Reference
GLA82408
Description
As part of its land assembly programme, OPDC has acquired land interests either by directly purchasing within the Old Oak and Park Royal area, or by purchasing a number of Special Purpose Vehicles (SPVs) which in turn hold the land interest.
To date, OPDC has purchased the following SPVs, all of which are 100% owned by OPDC:
OPDC requires good financial management of each SPV in order to meet statutory requirements for preparing accounts and paying relevant taxes. This directors of the SPVs, who are OPDC Executive Directors, also have certain responsibilities for which they are personally liable.
In addition, the financial results from each SPV are incorporated into OPDC's and the GLA's financial reporting and accounts. Therefore good financial management and control of these subsidiaries is essential for OPDC.
Total value (estimated)
- £350,000 excluding VAT
- £420,000 including VAT
Above the relevant threshold
Contract dates (estimated)
- 28 November 2025 to 28 November 2028
- Possible extension to 28 November 2030
- 5 years, 1 day
Description of possible extension:
An initial three year contract with the option to extend the contract for a further two years (1+1) at the Authority's discretion.
Main procurement category
Services
CPV classifications
- 66170000 - Financial consultancy, financial transaction processing and clearing-house services
- 79211000 - Accounting services
- 79412000 - Financial management consultancy services
Contract locations
- UK - United Kingdom
Participation
Particular suitability
Small and medium-sized enterprises (SME)
Submission
Enquiry deadline
16 October 2025, 11:59pm
Tender submission deadline
23 October 2025, 12:00pm
Submission address and any special instructions
All tender submissions to be done via TFL SAP Ariba Portal.
https://s1-eu.ariba.com/Sourcing/Main/aw?awh=r&awssk=rOf2ZeU2KMO.r9zy&realm=TfL&dard=1#b0
Tenders may be submitted electronically
Yes
Languages that may be used for submission
English
Award decision date (estimated)
11 November 2025
Award criteria
| Name | Type | Weighting |
|---|---|---|
| Technical | Quality | 80% |
| Commercial | Price | 20% |
Other information
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Open procedure
Reduced tendering period
Yes
State of urgency - minimum 10 days
Documents
Associated tender documents
TfL - Sourcing Event Participation - Guidance for Suppliers v.1.3.pdf
Please use attached document to register if you do not have an Ariba account with TFL. Also confirm your interest by emailing benjaminosaekwapong@tfl.gov.uk
Contracting authority
Transport for London
- Public Procurement Organisation Number: PHMT-6197-NWNZ
5 Endeavour Square
London
E20 1JN
United Kingdom
Contact name: Benjamin Osae-KLwapong
Region: UKI41 - Hackney and Newham
Organisation type: Public authority - central government