Opportunity overview
Direct award of a 5 year contract for the leasing of 60 x 10 car units and 30 x 5 car units of Class 701 rolling stock and related spares and special tools. The lease of the rolling stock is on the basis that the contracting authority (rather than the supplier) is responsible for all maintenance of the vehicles. The Lease also contains a right to transfer or sub-let the contract to certain third parties and an obligation for the supplier to enter into a direct agreement with the Secretary of State in parallel to the Lease. The direct agreement permits the Secretary of State to call for a New Contract in the event of the termination or expiry of the contracting authority's services agreement with the Secretary of State. The duration of the New Contract would typically be up to 3 years and the terms of the New Contract and the circumstances in which the direct agreement can be relied upon are all unambiguously set out in the direct agreement. The Lease also contains provisions addressing adjustments to monthly rentals on the basis specified in the Lease if certain modifications to the rolling stock are required which are to be funded by the Lessor. In the event that the contract is transferred or sub-let to a third party, a direct agreement is relied upon by the Secretary of State or modifications to the rolling stock are required and are to be funded by the Lessor, it is considered that these would be permitted modifications provided for in the contract.
Awarded to
Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.
ROCK RAIL SOUTH WESTERN PLC
- Published award value
- £493.6m
- Awarded
- 8 May 2025
- Award ID
- 1
- Status
- active
- Identifier
- GB-COH 10754652
- Location
- London, UKI45, SE1 8RT, United Kingdom
Classification
No classification was supplied.
Lots
- Lot 1Value not stated
Documents and notices
- Contract change notice on Find a TenderOpen source ↗
- Contract details notice on Find a TenderOpen source ↗
- Contract award notice on Find a TenderOpen source ↗
- Transparency notice on Find a TenderOpen source ↗
- contractSignedOpen source ↗