Tender

Cash Collection Service

LONDON BOROUGH OF LAMBETH

This public procurement record has 1 release in its history.

TenderAmendment

24 May 2019 at 10:16

Tender Notice
Summary of the contracting process

The London Borough of Lambeth is currently seeking to award a contract for a Cash Collection Service, which falls under the transport and security services industry. The procurement is in the Tender stage, with the deadline for submissions set for midday on 3rd June 2019. The contract is expected to commence on 1st July 2019 and will last until 30th June 2020. The estimated contract value is between £60,000 and £80,000, and the successful contractor will be required to manage the secure collection, storage, and delivery of cash and cheques from various locations within London.

This tender presents a significant opportunity for businesses in the logistics, security, and financial services sectors to expand their operations. Companies that specialise in transportation, cash handling, and security services would be particularly well-suited to compete for this contract. The requirements outlined by Lambeth include the provision of secure cash transportation services, which may also benefit businesses that have experience with cash management systems and automated ordering solutions.

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Notice Information

Notice Title

Cash Collection Service

Notice Description

The London Borough of Lambeth is seeking to award a contract for a Cash Collection and Cash in Transit Service. The Authority expects the successful Contractor to deliver a range of Cash Collection/Delivery services including the following: 1. The secure collection of cash/cheques from the sites specified within (Appendix 1 Cash Collection Sites and Schedules) 2. The secure storage of all cash/cheques whilst in transit 3. The processing, reconciliation, banking and accurate recording of any cash/cheques collected from the sites specified within (Appendix 1 Cash Collection Sites and Schedules) 4. The provision of a change float service as specified by the authority within the Schedule 2 - Authority Requirements document. 5. The onward delivery/depositing of any cash requested by the Authority to a nominated Cash receiving facility or bank account 6. A secure facility where cash/cheques can be stored overnight. 7. Automated ordering system for cash deliveries The deadline for this opportunity is midday Monday 3rd June 2019. Contract start date to be reviewed.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3edc16f4-dd51-44d2-9988-c5b0ba761faa
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4974aa17-937e-41f0-a899-ca7fb7346513
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Request for quotes
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

35 - Security, fire-fighting, police and defence equipment

60 - Transport services (excl. Waste transport)

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

CPV Codes

35121400 - Security bags

60000000 - Transport services (excl. Waste transport)

79710000 - Security services

Notice Value(s)

Tender Value
£80,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 May 20196 years ago
Submission Deadline
10 Jun 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Jun 2019 - 30 Jun 2020 1-2 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF LAMBETH
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
SW2 1RW
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI45 Lambeth
Delivery Location
TLI London
Local Authority
Lambeth
Electoral Ward
Brixton Acre Lane
Westminster Constituency
Clapham and Brixton Hill

Further Information

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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