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Cash/Valuables Collection & CVIT Services

Isle of Wight Council

This public procurement record has 1 release in its history.

Award

09 Oct 2026 at 14:26

Award Notice
Summary of the contracting process

The Isle of Wight Council procured cash-in-transit services to collect bulk coin from a council depot and transport it to a bulk coin handling centre on the Isle of Wight. This is a specialist secure cash collection and transport service, within the broader security services category. The requirement is focused on handling and moving bulk coin between the council’s depot and the processing centre; no other goods or services are described. The buyer is the Isle of Wight Council, based in Newport, and the delivery location is the Isle of Wight.

The procurement is complete and was awarded to G4S Cash Solutions (UK) Limited following a further competition under Lot 1 of the ESPO cash and valuables collection and cash-in-transit framework. The award date was 9 October 2026, and the awarded value is £45,000 for the whole contract period, including any extension. The contract runs from 1 November 2026 to 31 October 2028, with an option, at the council’s discretion, to extend by up to 12 months, for a maximum total term of three years. The tender deadline was 21 August 2026. The requirement was procured as a services contract; no separate lots or evaluation criteria are stated.

This award demonstrates demand from the Isle of Wight Council for secure bulk-coin collection and transport from its depot to a bulk coin handling centre. A credible competitor when this requirement next returns to market would need to show it can securely collect, handle and transport bulk coin, and reliably connect local collection operations with a suitable handling centre. The framework route used here indicates that suppliers seeking comparable work should be positioned to compete through the relevant cash and valuables collection and cash-in-transit framework. The requirement was judged suitable for small and medium-sized businesses, so firms of that scale may be credible competitors if they can provide the specialist operational capability and security needed for this specific service.

How relevant is this notice?

Notice Information

Notice Title

Cash/Valuables Collection & CVIT Services

Notice Description

Further competition conducted under Lot 1 of ESPO Framework Agreement 324F_24 Cash/Valuables Collection & Cash/Valuables in Transit (CViT) Services for Cash in transit service removing bulk coin from an Isle of Wight Council depot to a bulk coin handling centre. Contract term is an initial period of 2 years with an option to extend, at the sole discretion of the Authority for a further period up to a total of 12 months taking the Contract term to a maximum of 3 years. Additional information: Any values are estimated for the whole contract period including any extension period.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2d439227-fd73-420c-a8e2-14fca690862d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/22119c4a-51ff-4365-bc21-1c7bbea4a138
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79710000 - Security services

Notice Value(s)

Tender Value
£45,000 Under £100K
Lots Value
Not specified
Awards Value
£45,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
9 Oct 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
9 Oct 20262 weeks ago
Contract Period
1 Nov 2026 - 31 Oct 2028 2-3 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Isle of Wight Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWPORT
Postcode
PO30 1UD
Postcode Area
Portsmouth
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ34 Isle of Wight
Delivery Location
TLJ South East (England)
Local Authority
Isle of Wight
Electoral Ward
Newport Central
Westminster Constituency
Isle of Wight West

Supplier Information

Number of Suppliers
1
Supplier Name

G4S Cash Solutions (UK) Ltd

Further Information

Notice Documents

Notice URLs

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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