Proceeds of Crime – Asset Realisation Service for the City of London Police

The procurement is being run as a one stage process, resembling the open procedure and its main features – which includes the core elements of the standard Selection Questionnaire (SQ). Any organisation that considers itself able to meet the requirements of the selection criteria within the Qualification Envelope is invited to submit a tender.

The requirements of the Service are set out in the procurement documents, particularly the Service Specification – available from: https://www.capitalesourcing.com

City of London Police are looking to set up a single provider framework for the disposal of surplus assets through sale at Public Auction. The service is intended to cover assets seized or obtained pursuant to Confiscation Orders issued by the Court under the Proceeds of Crime Act (POCA) 2002, Police and Criminal Evidence Act 1984, Drug Trafficking Act 1994 and Criminal Justice Act 1988 or such amended legislation as from time to time in force.

All items offered for sale under the agreement will be legitimate pre-purchased goods. The proceeds from confiscation orders will go back into the public purse to fund future prosecutions and benefit the community, with the Contractor maximising the return on the items sold.

The goods offered for sale are expected to fall under the following areas, although it should be noted this list is not exhaustive and the Contractor may be asked to deal with the sales of other types of property CoLP have permission to sell.

– Cars, motorcycles, bicycles, miscellaneous vehicles and personal registrations (vehicle number plates)
– Jewellery, fine art, antiques and memorabilia
– Personal property, other miscellaneous property (items such as designer clothing and accessories, electronic equipment, televisions, music systems,
games, computers, sports equipment and furniture)

The duration of the contract is two (2) years, with the option to extend for a further two (2) years on a year-by-year basis. The Contract is intended to commence 1st December 2021 to 30th November 2023.

Organisations should note that the estimated value of £1,284,000 is based upon the expected total gross sales across the total 4 year period (or £321,000 per year). This is purely for indicative purposes, no guarantee is given or implied concerning the actual total gross sales that will be put through the service.