Auction Services for Unclaimed Lost Property

The purpose of this Prior Information Notice (PIN) is to alert potential suppliers to an opportunity for future services for auctioning unclaimed lost property. It is a market awareness exercise to share information on a potential procurement, to engage with the market on the scope and approach; and to enable TfL to determine the detailed design of the procurement and commercial process.
The purpose is to test the market's capacity and capability to deliver the requirement, consider if any changes to the requirement would increase market appetite whilst still delivering the capabilities needed, and to generate market interest. This activity is focusing on the market, rather than the merits of individual suppliers. It includes no element of supplier selection or bid evaluation. There is no commitment of any kind inferred by either party.