# Proceeds of Crime - Asset Realisation Service for City of London Police

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [City of London Corporation](/buyers/city-of-london-corporation/contract-awards)
- Contract winner: John Pye & Sons Limited
- Award value: £1,284,000
- Tender value: £1,284,000
- Award date: 21 January 2022
- Published: 10 February 2022
- Contract start: 21 January 2022
- Contract end: 31 January 2024
- Stage: awarded
- Procurement category: services
- Notice ID: c7ecc970-ada9-4edb-a335-817902eb681d-508872
- OCID: ocds-b5fd17-134785ba-d418-4361-9a52-75b078c7f923

## Description

\*\*PLEASE NOTE\*\* This is an Award Notice and the opportunity is now closed\. City of London Police invited tenders 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\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/c7ecc970-ada9-4edb-a335-817902eb681d-508872)