Award

Bulk Coin Cash Collection

ISLE OF WIGHT COUNCIL

This public procurement record has 1 release in its history.

Award

21 Apr 2022 at 12:58

Award Notice
Summary of the contracting process

The Isle of Wight Council is initiating the procurement process for the "Bulk Coin Cash Collection" service, aimed at supporting the collection of bulk coin from Pay and Display machines and the Cowes Floating Bridge. This contract, classified under security services (CPV code 79710000), is currently in the Award stage and was published on 21st April 2022. The contract spans an initial period of three years, starting from 1st April 2022, with a potential extension of one additional year. The total estimated value of the contract is £96,000. The procurement was conducted through a further competition under Lot 5 South East England of the ESPO Framework 324F_20, with a tender deadline that closed on 18th March 2022.

This tender presents significant opportunities for business growth, particularly for small and medium-sized enterprises (SMEs) specialising in cash handling and security services. Companies that possess the capability to manage bulk cash collections and have experience working within the public sector will be well-suited to compete for this contract. Engaging in this procurement could enhance a business's portfolio and foster long-term relationships with a local authority, paving the way for future collaborations in similar service areas.

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Notice Information

Notice Title

Bulk Coin Cash Collection

Notice Description

The Authority undertook a Further Competition under Lot 5 South East England of ESPO Framework 324F_20 for the collection of the Authority's bulk coin which has already been collected and counted by the Authority's operatives from the Authority's Pay and Display machines and the Cowes Floating Bridge. The Contract is for an initial period of 3 years with an option to extend for a further period or periods up to a total of 1 year taking the Contract term to a maximum of 4 years. Additional information: Please note that the values given are estimated and are for the total contract duration including any possible extension period.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c7b01167-7318-4a51-a3dd-5684dbeab29b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4c979924-7fe3-4359-a281-329df4838f2b
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79710000 - Security services

Notice Value(s)

Tender Value
£96,000 Under £100K
Lots Value
Not specified
Awards Value
£96,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Apr 20223 years ago
Submission Deadline
18 Mar 2022Expired
Future Notice Date
Not specified
Award Date
25 Mar 20223 years ago
Contract Period
31 Mar 2022 - 31 Mar 2025 3-4 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
ISLE OF WIGHT 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
NEWPORT
Postcode
PO30 1UD
Post Town
Portsmouth
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ34 Isle of Wight
Delivery Location
TLJ South East (England)
Local Authority
Isle of Wight
Electoral Ward
Newport Central
Westminster Constituency
Isle of Wight West

Supplier Information

Number of Suppliers
1
Supplier Name

G4S CASH SOLUTIONS (UK

Further Information

Notice Documents

Notice URLs

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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