Award

Cash Collection Services

TORBAY COUNCIL

This public procurement record has 2 releases in its history.

AwardUpdate

19 Dec 2024 at 09:55

Award Notice
Award

14 Oct 2024 at 11:50

Award Notice
Summary of the contracting process

Torbay Council has awarded a contract for Cash Collection Services, including the transfer of cash and cheque income from the Council’s main offices in Torquay to their bank. This procurement, under the industry category of Transport services and Investigation and security services, was conducted using a Further Competition process through ESPO's Framework 324F_20. The process commenced on 1st January 2021 and the contract period runs from 1st January 2022 to 31st December 2025, with a total contract value of £63,700. The procurement method focused on ensuring secure and accountable cash handling as per the requirements of the Devon Audit Partnership and Torbay Council’s insurers.

This contract provides significant opportunities for businesses involved in cash collection and security services, particularly for SMEs that meet the high standards required for secure and accountable operations. Companies specialising in secure transportation and banking services would be well-suited to similar tenders. This contract not only offers a stable income stream over four years but also presents a chance to establish a relationship with a local authority and potentially expand into other areas of the South West England under similar frameworks.

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Notice Information

Notice Title

Cash Collection Services

Notice Description

This Contract is for the provision of a service for the collection of cash and cheque income for Torbay Council (including the Torbay Economic Development Company Ltd (TEDC) and SWISCo Ltd) from the Torbay Council main offices at the Town Hall, Torquay. The monies collected are then to be transported in a safe and secure manner and banked with Torbay Council's bankers. The process must be secure, with proper accounting records and a full audit trail kept and this must comply with requirements of Torbay Council's insurers and the Devon Audit Partnership. The Contract is to commence from 1st January 2021. The Authority intends to conduct this Further Competition process, utilising ESPO's Framework 324F_20 - Cash Collection and Cash and Valuables in Transit (CVIT) Services (Lot 6: South West England), to obtain the Services required.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6d653e49-25a2-4651-9d90-5a7cd6826d4a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6a07658c-8eb1-4511-a368-2beb4ce1e8f7
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Further Competition for Cash Collection Services 2021 (utilising ESPO's Framework 324F_20 -Cash Collection and Cash and Valuables in Transit (CVIT) Services (Lot 6: South West England))
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

60 - Transport services (excl. Waste transport)

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

CPV Codes

60000000 - Transport services (excl. Waste transport)

79700000 - Investigation and security services

Notice Value(s)

Tender Value
£63,700 Under £100K
Lots Value
Not specified
Awards Value
£63,700 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Dec 20241 years ago
Submission Deadline
1 Dec 2021Expired
Future Notice Date
Not specified
Award Date
1 Dec 20214 years ago
Contract Period
1 Jan 2022 - 31 Dec 2025 4-5 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
TORBAY 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
TORQUAY
Postcode
TQ1 3DR
Post Town
Torquay
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK4 Devon
Small Region (ITL 3)
TLK42 Torbay
Delivery Location
TLK South West (England)
Local Authority
Torbay
Electoral Ward
Tormohun
Westminster Constituency
Torbay

Supplier Information

Number of Suppliers
1
Supplier Name

G4S CASH SOLUTIONS (UK

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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