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.

Tender

For the provision of Cash Collection and Cash in Transit Service

CAMBRIDGE CITY COUNCIL

Contract Timeline

Publication Date

27th January 2025 12:37:07 PM

Tender Deadline

21st February 2025 14:00:00 PM Expired
Contract Summary

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.
Contract Details

Open Contracting ID

ocds-b5fd17-2d0a335c-ff7e-436c-acb4-12e356ffca67

Publication Source

Contracts Finder

Procurement Stage

Tender

Procurement Method

Open

Procurement Method Details

Open Procedure (below Threshold)

Procurement Category

Services

Tender Suitability

SME

Framework / DPS
Contract Classification

CPV Code(s)

66000000
98000000

CPV Division(s)

66 - Financial and insurance services
98 - Other community, social and personal services
Awarding Authority

CAMBRIDGE CITY COUNCIL

Buyer Name

Taiwo Muraina-Akinboade

Buyer Email

taiwo.murainaakinboade@huntingdonshire.gov.uk

Buyer Phone

+44 1480

Buyer Address

Huntingdon District Council, Eastfield House, 5 Latham Road

Huntingdon

PE29 6YG

England

View contract on Contracts Finder

For the provision of Cash Collection and Cash in Transit Service

CAMBRIDGE CITY COUNCIL

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority