AWARD OUTCOME
What happened
Transport for London awarded its Integrated Revenue Collection Services requirement to Indra Sistemas S.A. The published award record describes operation, maintenance and future development of TfL’s fare collection and associated revenue collection services.
Published outcomeOne active award is recorded, valued at £1.96444 billion, with a stated period from 15 January 2026 to 14 January 2033.
Market significanceThis is a large London transport technology and revenue-collection services award, classified under CPV 72000000.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
Indra Sistemas S.A.
98% confidenceAward ocds-b5fd17-bfca0c33-c852-4b85-afa1-1356b00a3747-1 · 1964400000 GBP · active
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The active award names Indra Sistemas S.A. as supplier and records an award value of GBP 1,964,400,000.
LIFECYCLE
Award or contract stage
Published notice type
99% confidenceAwarded contract notice on Contracts Finder
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Process notice type and award document 1.
Award status
99% confidenceActive
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Award ocds-b5fd17-bfca0c33-c852-4b85-afa1-1356b00a3747-1 has status "active".
Award decision date
98% confidence14 January 2026
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Award date is 2026-01-14T00:00:00Z.
Published date
99% confidence12 October 2026
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Award notice datePublished is 2026-10-12T13:44:30+01:00.
Signed-contract documentation
93% confidenceA document is classified as contractSigned, but its contents and signature date were not supplied.
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Award document 2 has documentType "contractSigned"; no document text or date is provided.
VALUES
Published values explained
Published award value
99% confidence£1,964,400,000
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The sole award and tender value each state GBP 1,964,400,000.
Value allocation
97% confidenceThe full published value is recorded against the single award; no lots or pricing breakdown are supplied.
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One award is present; lot_ids_json is null and no lots are supplied.
TIMELINE
Procurement timeline
Tender submission deadline
98% confidence14 January 2026
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Tender period endDate is 2026-01-14T00:00:00Z.
Stated contract start
98% confidence15 January 2026
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Award and tender contractPeriod startDate are 2026-01-15T00:00:00Z.
Stated contract end
98% confidence14 January 2033
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Award and tender contractPeriod endDate are 2033-01-14T23:59:59Z.
Stated term
96% confidenceApproximately seven years
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The published period runs from 15 January 2026 to 14 January 2033.
SCOPE
What was awarded
Requirement
98% confidenceIntegrated revenue collection services for TfL’s fare collection system.
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Published description.
Service activities
98% confidenceTake over, operate and maintain the TfL fare collection system; provide associated revenue collection services; and develop, enhance and expand them with TTL and TfL.
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Published description.
Primary classification
99% confidenceCPV 72000000 — IT services: consulting, software development, Internet and support.
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Tender classification.
Delivery location
98% confidenceLondon, United Kingdom
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Tender item delivery address lists region London and country United Kingdom.
PROCEDURE
Procedure and competition
Procurement method
99% confidenceSelective
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Process and tender procurementMethod are "selective".
Procedure detail
99% confidenceCompetitive dialogue (above threshold)
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Process and tender procurementMethodDetails.
Competition information
99% confidenceNumber of bidders, evaluation scores and reasons for award are unknown.
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Information not supplied in the published notice data.
CONTRACT TERMS
Published contract terms
Contract period
98% confidence15 January 2026 to 14 January 2033
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Award contractPeriod.
Extension or renewal terms
99% confidenceUnknown
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Information not supplied in the published notice data.
SME and VCSE suitability
97% confidenceThe tender record marks both SME and VCSE suitability as false.
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Tender suitability fields state sme=false and vcse=false.
COMMERCIAL VIEW
Commercial observations
Commercial scale
96% confidenceThe published £1.96444 billion value and seven-year stated term indicate a long-duration, high-value service arrangement.
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Published award value and contract period.
Service model
97% confidenceThe scope combines operational responsibility for fare collection with maintenance and future development activities.
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Published description.
DATA QUALITY
Gaps and source limitations
Supplier verification limitation
99% confidenceThe supplier identity workflow completed with status checked_unmatched. Indra Sistemas S.A. is therefore reported as an unverified source legal name, not as Companies House-verified.
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Supplier identity status is checked_unmatched; verified company name and number are null.
Notice timing
99% confidenceThe award decision date precedes publication of the award notice by about nine months.
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Award date is 14 January 2026; notice publication is 12 October 2026.
Contract document availability
98% confidenceA contractSigned document and eight contract schedules are listed, but their contents were not supplied for analysis.
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Award documents 2–10 are listed without extracted text or publication dates.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- Supplier identity is unresolved: the completed Companies House workflow found no safe match (checked_unmatched), so Indra Sistemas S.A. is not Companies House-verified.
- Lot titles, allocations and individual pricing are not supplied; no lot-level analysis is possible.
- Bidder count, evaluation criteria, scores, award rationale and pricing structure are not supplied in the published notice data.
- The listed contractSigned document and contract schedules were not provided as text, so signature date, detailed obligations, performance terms, change controls and extension provisions cannot be confirmed.
- No extension, renewal or modification terms are supplied; the 2033 re-procurement horizon is only an estimate based on the stated end date.
MARKET THEMES
Relevant award themes
Transport for LondonTfLIntegrated Revenue Collection ServicesIndra Sistemas S.A.fare collectionrevenue collectioncompetitive dialogueLondon transport technology
COMMON QUESTIONS
About this award
Who was awarded TfL’s Integrated Revenue Collection Services contract?
The published award names Indra Sistemas S.A. The supplier identity is an unverified source legal name because the identity workflow returned checked_unmatched.
What is the published value of the award?
The sole published award value is £1,964,400,000.
What is the stated contract period?
15 January 2026 to 14 January 2033.
What services are included?
The notice describes taking over, operating and maintaining TfL’s fare collection system, providing related revenue collection services, and developing and enhancing those services.
ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.