Award

Life Cycle Analysis for Polymer Series Banknotes

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

13 Apr 2023 at 12:05

Summary of the contracting process

The Bank of England has awarded a contract for 'Life Cycle Analysis for Polymer Series Banknotes' to Ricardo-AEA Limited. The procurement method used was 'Competitive quotation (below threshold)'. The contract value is £149,054.92, and the contract period is from 1st March 2023 to 28th February 2024. The tender ended on 28th November 2022, with the procurement stage now at the award phase.

This tender offers an opportunity for businesses in the analysis and environmental services sector to engage with the Bank of England. Small and medium-sized enterprises (SMEs) are particularly suited to compete for this contract. The contract location is in England, making it well-suited for businesses based in the United Kingdom seeking growth opportunities in the services category.

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Notice Title

Life Cycle Analysis for Polymer Series Banknotes

Notice Description

Cradle to grave environmental life cycle analysis on our polymer series banknotes. The primary objectives being to: - benchmark current practice - understand the environmental impact of each banknote component & process - with a view to informing the H series - target environmental impact reduction initiatives in the near term.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-20c906b4-ff14-415e-aaef-1b5dbcbcf7b3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3cf5c40f-b50b-4932-88c1-61f52d5cd69b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

71 - Architectural, construction, engineering and inspection services

72 - IT services: consulting, software development, Internet and support

90 - Sewage, refuse, cleaning and environmental services


CPV Codes

71620000 - Analysis services

72316000 - Data analysis services

90700000 - Environmental services

Notice Value(s)

Tender Value
£149,054 £100K-£500K
Lots Value
Not specified
Awards Value
£149,054 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
13 Apr 20232 years ago
Submission Deadline
28 Nov 2022Expired
Future Notice Date
Not specified
Award Date
24 Jan 20233 years ago
Contract Period
1 Mar 2023 - 28 Feb 2024 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Not specified
Contact Email
fm.contracts@bankofengland.co.uk
Contact Phone
02034613000

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

RICARDO-AEA

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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