Tender

For the provision of Cash Collection and Cash in Transit Service

CAMBRIDGE CITY COUNCIL

This public procurement record has 1 release in its history.

Tender

27 Jan 2025 at 12:37

Summary of the contracting process

Cambridge City Council is currently in the tender stage for a project titled "For the provision of Cash Collection and Cash in Transit Service." This contract falls under the "Financial and insurance services" industry category and is aimed at secure cash collection, processing, and depositing services. The services include delivery of cheques to the Council's bank cheque processing centre, secure transport of cash and other financial documents to specified locations, and maintaining accurate records for report generation. The procurement is being conducted through an open procedure (below threshold). Key dates include the tender period ending on 21 February 2025 at 14:00 GMT and the contract period starting on 1 April 2025, lasting until 31 March 2027. The project is based in the United Kingdom.

This tender presents significant opportunities for small and medium-sized enterprises (SMEs) specialising in cash handling, security, and financial services. Given the nature of the contract, businesses experienced in secure logistics and financial processing can benefit from stable, long-term work with a reliable public sector client. The open procurement method enhances the competitive landscape, allowing SMEs with relevant capabilities and resources to participate and potentially secure the contract, fostering business growth and enhancing their portfolio of public sector partnerships.

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Notice Title

For the provision of Cash Collection and Cash in Transit Service

Notice Description

The Council seeks to establish an Agreement(s) for the provision of Cash Collection, Cash in Transit and Cash Processing services including delivery of cheques to the Council's bank cheque processing centre (currently Nat West). The services to be provided will comprise of the secure collection, processing and consolidation and onward depositing of negotiable and non-negotiable money to high street banks, nominated cash receiving facilities, or other suitable receiving locations as specified. As part of the service, accurate records are required to be maintained, from which various reports and management information shall be presented.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2d0a335c-ff7e-436c-acb4-12e356ffca67
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/16a4c596-f398-4523-9bbd-810150d9dc61
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

98 - Other community, social and personal services


CPV Codes

66000000 - Financial and insurance services

98000000 - Other community, social and personal services

Notice Value(s)

Tender Value
£44,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jan 20251 years ago
Submission Deadline
21 Feb 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2025 - 31 Mar 2027 1-2 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
CAMBRIDGE CITY COUNCIL
Contact Name
Taiwo Muraina-Akinboade
Contact Email
taiwo.murainaakinboade@huntingdonshire.gov.uk
Contact Phone
+44 1480

Buyer Location

Locality
HUNTINGDON
Postcode
PE29 6YG
Post Town
Peterborough
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH4 Cambridgeshire and Peterborough
Small Region (ITL 3)
TLH42 Cambridgeshire CC
Delivery Location
Not specified

Local Authority
Huntingdonshire
Electoral Ward
Huntingdon North
Westminster Constituency
Huntingdon

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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