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AwardedAwarded 9 December 2025

London Cycle Hire Scheme

Transport for London · Public undertaking

In brief

Transport for London awarded transport and construction work to Serco Limited on 9 December 2025.

Built from the notice's own fields. Always check the official notice before you bid.

What the notice says

Transport for London (TfL) has awarded a contract for services comprised in the London Cycle Hire Scheme (the "Scheme"). Delivery of the LCHS consists of bicycle supply, management, repair, maintenance; docking station supply, installation, operation, management, repair and maintenance; revenue collection and payment; and various front and back-office IT services (including provision of the mobile app for the Scheme). The duration of the contract is for an initial term of five (5) years with the option at TfL's sole discretion to extend for one or more periods up to a maximum of a further five (5) years.

Who won

WinnerValueDates
Serco Limited
2 bids received
£277,900,000

Values as the award notice gives them, excluding VAT where stated.

Timeline

  1. Contract award notice · notice 002070-2026

About the buyer

Transport for LondonLast 12 months

Procurements

339

Awards

146

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From notice 002070-2026 on Find a Tender, first published 9 January 2026. We last checked for changes on 28 September 2026.