Tender

Cash In Transit Logistics

BANK OF ENGLAND

This public procurement record has 3 releases in its history.

TenderAmendment

03 Feb 2022 at 13:09

TenderCancellation

03 Feb 2022 at 12:23

Tender

02 Feb 2022 at 17:37

Summary of the contracting process

The Bank of England is currently engaged in the procurement process for "Cash In Transit Logistics" services, aimed at providers in the transport services industry. This procurement is divided into two distinct lots, focusing on logistics for genuine notes and cash movements. The tender was published on 2nd February 2022, with the submission deadline set for 4th March 2022. Contractors are invited to form partnerships for a contract duration of up to three years, with potential extensions of two additional one-year periods. Interested suppliers are required to complete a Non-Disclosure Agreement (NDA) to access tender materials, which must be returned by 23rd February 2022 to ensure adequate time for tender preparation.

This opportunity can significantly benefit small and medium-sized enterprises (SMEs) specialising in logistics, transportation, and security services. Businesses that focus on cash transport, parcel deliveries, and related security measures would find this tender particularly relevant for growth. The open procurement method also allows various competitors to participate, enhancing the chance for SMEs to engage with a major financial institution like the Bank of England, thereby bolstering their portfolio and market presence.

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Notice Title

Cash In Transit Logistics

Notice Description

The Bank of England is looking to procure a partner/partners for the provision of Cash In Transit logistics services. The procurement will be split into two lots: Lot 1: CIT Logistics for Exemplar Genuine Notes, Counterfeit Test Packs and Other Small Ad hoc Security Items Lot 2: CIT Moves For each lot, the Bank proposes to enter into a contract with the successful Tenderer for a maximum period of three years, with the option to extend by two successive periods of one year each. A Non-Disclosure Agreement (NDA) will be required to be completed prior to receiving access to the tender materials. The NDA is available for download from the ProActis Document Repository (https://supplierlive.proactisp2p.com/Account/Login#). The completed NDA must be returned via ProActis Message Section as an attachment, prior to Wednesday 23 February to allow access to the tender materials and for sufficient time to respond. If returned after this date, the tender documents will be provided but the time limit for receipt of tenders will remain. The tender documents are readily available following completion of the required NDA.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3054f784-c1ef-4fc5-b44a-94d77cf1f961
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6ff40956-172c-48e4-83b0-46ee245c136d
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 (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

44 - Construction structures and materials; auxiliary products to construction (except electric apparatus)

60 - Transport services (excl. Waste transport)

64 - Postal and telecommunications services

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


CPV Codes

44421790 - Cash boxes

60000000 - Transport services (excl. Waste transport)

60100000 - Road transport services

60161000 - Parcel transport services

60400000 - Air transport services

64100000 - Post and courier services

64120000 - Courier services

64121000 - Multi-modal courier services

79710000 - Security services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Feb 20224 years ago
Submission Deadline
4 Mar 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 May 2022 - 1 May 2025 3-4 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
BANK OF ENGLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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
Not specified

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

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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