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Awarded United Kingdom Services

Hyde Park Music Festival 2022-2027

Buyer: The Royal Parks (TRP Trading Company Ltd)

Published
21 October 2024
Estimated value
£544,000,000
Place of performance
UKI
Procedure
Direct award
Lots
1
Notice number
034018-2024
Reference
ocds-h6vhtk-04afd2
Official source
Official source

Description

The purpose of this Voluntary Ex-ante Transparency Notice is to inform the market of the additional services to be performed by AEG Presents Ltd ("Event Organiser") in respect of contract for the operation and management of the Hyde Park Music Festival ("HPMF"), originally procured for a period of 6 years starting on 30 June 2020 and ending on 30 June 2025 (the "Contract"). The Contract has previously been amended on account of legal proceedings challenging the Contract award decision and the outbreak of the COVID-19 pandemic (the "Pandemic"): the combined effect of these events was that the HPMF first took place in 2022. Subsequently, there was a further amendment to allow the Event Organiser to hold two additional days' worth of annual events (the "Two Slots") in 2022, 2023 and 2024 such that nine instead of seven concerts were held each year. This Voluntary Ex-ante Transparency Notice gives notice that the Authority proposes to vary the terms of the Contract to allow the Event Organiser to host an additional Two Slots in 2025, 2026 and 2027 and an additional one year extension for 2028. In 2028 the Authority is mandated to host three fan-zones for the UEFA Euro 2028 (the "Fan…

Awards

Awarded toAmountDate
AEG Presents Ltd — —

Official publications

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Frequently asked questions

What is the estimated value of this tender?
The estimated value published by the buyer is £544,000,000.
Who is the buyer of this tender?
The contracting authority is The Royal Parks (TRP Trading Company Ltd) (United Kingdom).
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Data collected from official public procurement sources. Amounts as published by the buyer.