Award

Cash Collections

BABERGH AND MID SUFFOLK DISTRICT COUNCILS

This public procurement record has 1 release in its history.

Award

17 Dec 2024 at 11:36

Summary of the contracting process

Babergh and Mid Suffolk District Councils have completed a procurement process for "Cash Collections" services in the industry category of Collection Agency Services (CPV: 79940000). The contract covers cash collection from car parks in Stowmarket, Sudbury, Hadleigh, Pin Mill, and soon Lavenham, with operations extending to cheque collection from Endeavour House, Ipswich (postcode: IP1 2BX). The procurement was initiated as a selective tender through a call-off from a framework agreement. The tendering phase concluded on 12th December 2024, with the contract commencement scheduled for 1st January 2025, lasting until 31st December 2026 with an initial 12-month term and an option to extend for an additional 12 months. The total contract value is £60,000, and the minimum value was set at £30,000.

This tender represents a significant business growth opportunity for companies providing secure cash and cheque collection services. Small and medium-sized enterprises (SMEs) with capabilities in car park management and secure money transport services are well-positioned to compete for such contracts. The awarded supplier, G4S Cash Solutions (UK) Limited, signifies that established companies with substantial service scale and operational capacity in secure collections are favoured. Future similar tenders can present substantial revenue streams and long-term market establishment for capable service providers in the Collection Agency Services sector.

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Notice Title

Cash Collections

Notice Description

Mid Suffolk District Council (MSDC) currently has seven car parks where charges are made for parking (all in Stowmarket) Babergh District Council (BDC) currently has four car parks where charges are made for parking (in Sudbury, Hadleigh and Pin Mill (Chelmondiston). This will increase to 13 car parks from January 2025, with Lavenham being an additional location. All locations and car parks across both districts require a secure and regular cash collection service, alongside facilitating the collection of cheques from our main offices at Endeavour House, Ipswich.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ee89a5c6-1f79-4ea9-8288-8fca6b954df4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6d3dee37-a988-4f11-bdcf-bddc039f6a0e
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

98 - Other community, social and personal services


CPV Codes

79940000 - Collection agency services

98351000 - Car park management services

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
Not specified
Awards Value
£60,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Dec 20241 years ago
Submission Deadline
12 Dec 2024Expired
Future Notice Date
Not specified
Award Date
12 Dec 20241 years ago
Contract Period
1 Jan 2025 - 31 Dec 2026 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BABERGH AND MID SUFFOLK DISTRICT COUNCILS
Contact Name
Jessica Shepherd
Contact Email
jessica.shepherd@baberghmidsuffolk.gov.uk
Contact Phone
01473583000

Buyer Location

Locality
IPSWICH
Postcode
IP1 2BX
Post Town
Ipswich
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH6 Suffolk
Small Region (ITL 3)
TLH62 Ipswich
Delivery Location
Not specified

Local Authority
Ipswich
Electoral Ward
Gipping
Westminster Constituency
Ipswich

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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