TfL banks on new form of procurement to capture best ideas from all bidders

Transport for London has tested a new form of procurement on a project to upgrade the Bank-Monument interchange on the Underground. David Waboso, London Underground’s capital programmes director, explained the process

David Waboso: “Innovative Contractor Engagement is a completely new concept”

David Waboso: “Innovative Contractor Engagement is a completely new concept”

Transport for London has introduced a revolutionary new procurement process for its planned upgrade of the hugely complex Bank-Monument interchange. Under the old system, the winner would have taken all, but TfL has come up with a new method for retaining some of the money-saving ideas from the losing bidders. If their ideas are adopted, they will get a half-share of the savings.

The process is called Innovative Contractor Engagement (ICE), and its implementation is likely to be closely...

Subscribe today to read this article in full...

Benefits of subscribing to TransportXtra: Transport Intelligence Package & TransportXtra.com

• Includes full online access to TransportXtra.com and searchable archive

• Essential reading for public and private sector transport professionals in the UK and beyond

• Stay ahead of the competition – hear it first

• Written by leading experts in the transport industry

• Additional publications throughout the year covering specific subjects Active Travel Directory, Loveable Neighbourhoods and Data and Modelling

• Access to our webinar library

• Full access to the 50,000 article archive

• Tailored E-bulletins

Magazine + Online

Pay Monthly

£12.00

Fixed Term

1 year, 1 user £100.00 1 year, 2 users £190.00 1 year, 5 users £400.00

 

Online Only

Pay Monthly

£16.25

Price shown ex VAT. Monthly subscription amount charged monthly to registered card.

Fixed Term

1 Year Subscription £130.00 30 Day Subscription £30.00 90 Day Subscription £60.00

Invoice option available on fixed-term subscription. Subscriptions begin from receipt of payment.