Round 5 Auction Platform Services

2024-10-04

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Published date: 4 October 2024

Open opportunity - This means that the contract is currently active, and the buying department is looking for potential suppliers to fulfil the contract.

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Contract summary

Industry

Auction software package - 48470000

Electronic auction services - 79342410

Location of contract

London

Value of contract

£300,000

Procurement reference

50490a8a-631c-4889-9f81-ac280773b226

Published date

4 October 2024

Closing date

4 November 2024

Closing time

12pm

Contract start date

11 December 2024

Contract end date

11 July 2025

Contract type

Service contract

Procedure type

Open procedure (below threshold)

What is an open procedure (below threshold)?

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Description

The Crown Estate (TCE) manages the seabed off the coasts of England, Wales and Northern Ireland for the benefit of the nation.
In December 2023 TCE launched the Celtic Sea Floating Offshore Wind Leasing Round 5 (Round 5), full details of which can be reviewed within the Round 5 information memorandum found at the following location on TCE's website: https://downloads.ctfassets.net/nv65su7t80y5/5zR4gHuqxjMG9NOK1LI2Av/643bfa91696be32408e5e2646c16bbba/Information_Memorandum.pdf.

Round 5 is seeking to establish a new floating wind sector in the Celtic Sea off the coasts of south Wales and south-west England with the objectives to:
-Support the development of a new floating wind market in the UK;
-Unlock clean energy in new offshore areas, in support of the UK's net zero targets;
-Support the creation of social, economic and environmental value;
-Balance the needs of the environment, other users of the sea and local communities; and
-Incentivise investment in crucial enabling infrastructure.
In a move away from previous leasing processes for offshore wind rights run by TCE, ITT2 of Round 5 will utilise a price-based ascending clock auction to identify successful Bidders in respect of each PDA. To enable and efficiently deliver the ascending clock auction at ITT2 of Round 5, TCE is procuring an auction platform provider through this Invitation to Tender.