Award

Banknote Recycling

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

17 Dec 2024 at 09:40

Award Notice
Summary of the contracting process

The Bank of England has completed the procurement process for a banknote recycling project titled "Banknote Recycling". This project falls under the industry category of workstations (CPV code 30214000) and is located in London, with the specific delivery address being EC2R 8AH. The procurement followed a three-quote process and entered the award stage on 5th February 2024. The contract, valued at GBP 53,603, was awarded to Renby Ltd and will span from 5th February 2024 to 30th April 2024.

This tender presents a significant opportunity for businesses involved in recycling and waste management, particularly those specialising in banknote recycling. Small and medium-sized enterprises (SMEs) could find this contract especially beneficial given the suitability criteria. Businesses with established expertise in recycling processes and those capable of servicing the London area will be well-suited to similar opportunities. The use of a three-quote process indicates a competitive yet accessible procurement approach, providing growth potential for responsive and agile companies.

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Notice Information

Notice Title

Banknote Recycling

Notice Description

Banknote recycling.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-855d4f20-05e5-4eda-a3ce-a55e04439cb5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/14e2c3a1-3305-4559-bd3a-677ce042770e
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Not Specified
Procurement Method Details
Other - 3 quote process
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

30 - Office and computing machinery, equipment and supplies except furniture and software packages

CPV Codes

30214000 - Workstations

Notice Value(s)

Tender Value
£53,603 Under £100K
Lots Value
Not specified
Awards Value
£53,603 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Dec 20241 years ago
Submission Deadline
2 Feb 2024Expired
Future Notice Date
Not specified
Award Date
5 Feb 20242 years ago
Contract Period
5 Feb 2024 - 30 Apr 2024 1-6 months
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
BANK OF ENGLAND
Contact Name
Not specified
Contact Email
fm.contracts@bankofengland.co.uk
Contact Phone
Not specified

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

Supplier Information

Number of Suppliers
1
Supplier Name

RENBY

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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