Award

Cash Collection and Cash In Transit

LONDON BOROUGH OF ENFIELD

This public procurement record has 2 releases in its history.

Award

30 Jul 2020 at 15:10

Award Notice
Award

30 Jul 2020 at 09:59

Award Notice
Summary of the contracting process

The London Borough of Enfield has completed a procurement process for the "Cash Collection and Cash In Transit" service in the financial and insurance services category. This service includes cash collection from pay and display machines, council buildings, and schools, along with reconciliation and banking. The contract, valued at £350,000, commenced on 1 March 2020 and runs until 28 February 2023. Although the tender process is marked as complete with awards made on 1 February 2020, businesses should take note of the end date of contract obligations and the earlier tender period which concluded on 22 October 2019.

This procurement presents growth opportunities particularly for companies specialising in financial services and logistics that can manage cash handling, collection, and transit operations effectively. Such firms would be well-positioned to compete for future contracts given their relevant industry experience. Additionally, firms that offer innovative approaches to cash management and banking services may find distinct advantages in upcoming tenders issued by public authorities like the London Borough of Enfield.

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Notice Information

Notice Title

Cash Collection and Cash In Transit

Notice Description

Cash collection from pay and display machine on/off street, council buildings/schools, reconciliation and banking.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-71bdbbb6-05b6-4ee2-9664-7f508c36b1a1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8fff233b-48c7-4b67-881f-684ad6f81b13
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 -
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£350,000 £100K-£500K
Lots Value
Not specified
Awards Value
£350,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Jul 20205 years ago
Submission Deadline
22 Oct 2019Expired
Future Notice Date
Not specified
Award Date
1 Feb 20206 years ago
Contract Period
1 Mar 2020 - 28 Feb 2025 Over 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
LONDON BOROUGH OF ENFIELD
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
ENFIELD
Postcode
EN1 3XE
Post Town
Enfield
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI54 Enfield
Delivery Location
TLI London
Local Authority
Enfield
Electoral Ward
Town
Westminster Constituency
Enfield North

Supplier Information

Number of Suppliers
1
Supplier Name

BDI SECURITIES

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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