City of London Stand at MIPIM 2024

About the buyer

City of London Corporation buys as a local authority, and sets out its own procurement policies and requirements for suppliers. Its City Fund draws on rental and interest income from the Corporation's own property, alongside business rates and council tax. New tender opportunities are advertised through the Corporation's Sourcing and Contracts Portal, where suppliers register. Lower-value opportunities also appear on Contracts Finder, with higher-value contracts advertised on Find a Tender. A three-year Commercial Pipeline gives suppliers early visibility of larger opportunities. The Corporation also runs soft market testing to shape future procurements with suppliers.

UK local government drives £140bn in annual procurement, led by social protection (£66.6bn) and education (£57.1bn).

Over the past 5 years, most of City of London Corporation's contract awards have been in architectural and engineering services, business services and construction work.