# Gas Fixed Price, Fixed term

> 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: [Total Gas and Power Ltd](/contract-winners/total-gas-and-power/public-sector-contract-awards)
- Award value: £828,032
- Tender value: £828,032
- Award date: 9 August 2018
- Published: 17 October 2018
- Contract start: 1 October 2018
- Contract end: 30 September 2020
- Stage: awarded
- Procurement category: goods
- Notice ID: 8214e1f9-c1e2-4cb0-b133-ec3237f5067d-246826
- OCID: ocds-b5fd17-d18aaf10-b448-48c0-afa9-39729cb0b259

## Description

The Authority require a fixed price, fixed term contract which includes all non-commodity costs and which protect against increases in non-commodity costs across the contract duration\. The requirement is for a 2 year contract based on 28 day BACs payment term and no requirements for any credit mitigation\. The contract is to include, as minimum, a \+/-20 % annual volume tolerance\. Additional information: Total contract values given are for the full contract period, and are based upon estimated costs and volume at the time of contract award, which may be subject to change during the life of the contract\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/8214e1f9-c1e2-4cb0-b133-ec3237f5067d-246826)