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Post Office Banking Automation

Post Office Limited

This public procurement record has 1 release in its history.

Award

07 Jul 2022 at 11:33

Award Notice
Summary of the contracting process

The Post Office Limited is seeking suppliers for its recently awarded contract concerning "Post Office Banking Automation," aimed at modernising banking transactions across its branches. This initiative falls under the foreign exchange services category and encompasses the provision of multi-vendor banking automation and self-service equipment, suitable for varying transaction volumes across diverse UK regions, including London, Scotland, and the South West. This contract has a total estimated value of £24 million and will run for an initial period of 60 months, with options to extend up to 84 months. The procurement method employed was a selective competitive dialogue process, and the award notice was published on 7th July 2022, detailing that the contract period commenced on 12th August 2021 and will conclude on 11th August 2028.

This tender presents significant growth opportunities for businesses specialising in banking automation, hardware provision, and asset management solutions. Companies that offer high-quality automatic cash dispensers, data-processing machines, and surveillance or security equipment are particularly well-suited to compete. With the long contract term and multi-vendor approach, this procurement presents a solid prospect for firms looking to establish or enhance their footprint within the UK public sector, especially those able to provide ongoing support and innovations in banking technology.

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Notice Information

Notice Title

Post Office Banking Automation

Notice Description

***Please note this is an AWARD NOTICE, not a call for competition*** Post Office Limited (POL) has a requirement for multi-vendor banking automation and self-service equipment to enable banking transactions within Post Offices to support locations with both high, medium and low transaction volumes. This may result in a differentiated service proposition based on demographics. Hardware requirements will include but will not be limited to the following:- * mono function cash dispensing and multi-function devices providing other services including but not limited to deposit taking, bill payments etc. * the provision of hardware component upgrades for existing equipment to support existing transaction sets and services and preserve the longevity of the incumbent hardware where appropriate. * The provision of both new or refurbished equipment or a combination of both * The provision of facilities for the secure destruction of obsolete and used parts and subsequent provision of evidence that meets the security requirements of the relevant Schemes. * To provide asset management solutions * To support proof of concept initiatives as required from time to time. This has been sourced following a Competitive Dialogue procedure following POLs Banking Automation Procurement under OJEU Contract Notice reference 2019/S 027-060289. Additional information: This is an Award Notice, not a call for competition. The Contract Term is for a period of 60 months with renewal options to extend on one or more occasions up to a maximum term of 84 months Two Contracts have been awarded under this Lot 3 for the Supply of ATMs and the estimated Contract value is PS24m over both Contracts for the duration including extension options.(84 months)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-eda5a007-a2df-4f63-b511-56db0a84ea8a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/890048d3-4bc8-4892-8c17-9aa0faab25b5
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive dialogue (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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

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

66 - Financial and insurance services

CPV Codes

30123200 - Automatic cash dispensers

30200000 - Computer equipment and supplies

30210000 - Data-processing machines (hardware)

35121000 - Security equipment

35125000 - Surveillance system

66180000 - Foreign exchange services

Notice Value(s)

Tender Value
£24,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£24,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
7 Jul 20224 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
16 Nov 20205 years ago
Contract Period
12 Aug 2021 - 11 Aug 2028 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
Post Office Limited
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
EC2Y 9AQ
Postcode Area
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLI London, TLJ South East (England), TLK South West (England), TLL Wales, TLM Scotland, TLN Northern Ireland
Local Authority
Islington
Electoral Ward
Bunhill
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
2
Supplier Names

Cennox Ltd

NCR Ltd

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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