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In deliveryUnited KingdomServices£500,000,000Add to pipeline

London Cycle Hire Scheme

Awarded to Serco Limited

Transport for London(buyer)

Published
Published 13 April 2023
Deadline
Closed 21 August 2023
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Overview

Transport for London has awarded a contract worth £277.9 million to Serco Limited for the London Cycle Hire Scheme, covering bicycle and docking station supply, installation, operation, maintenance, revenue collection, and IT services including the mobile app. The contract runs for an initial five-year term with an option to extend for up to a further five years at TfL's discretion.

Contracting authority

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Key details

Country
United Kingdom
Status
In delivery
Category
Services
Estimated value
£500,000,000
Procedure
Selective
Published
13 April 2023
Deadline
Closed
Classification (CPV)
Transport equipment and auxiliary products to transportationInstallation of street furnitureSoftware package and information systemsRepair and maintenance servicesInstallation services (except software)Public road transport servicesSupport services for road transportProcessing and clearing services+2 more

Award outcome

Awarded value
£277,900,000
Award date
9 December 2025
Contract period
— → 13 November 2030
Winner
  • Serco Limited

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Notice history

Every published notice in this contracting process, newest first.

  1. Contract

    9 January 2026

  2. Tender Update

    25 July 2023

  3. Contract Notice

    14 July 2023

  4. Prior Information Notice

    13 April 2023

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