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Provision of cash in transit services

FIRST RAIL HOLDINGS LIMITED

This public procurement record has 2 releases in its history.

Award

14 Aug 2024 at 11:48

Award Notice
Tender

14 Dec 2022 at 15:30

Tender Notice
Summary of the contracting process

The public procurement process, initiated by FIRST RAIL HOLDINGS LIMITED, centres on the “Provision of Cash in Transit Services”. This contract falls under the financial and insurance services industry category and involves regions across the UK, including London, the South West, and Wales. The procurement stage is complete, with key contracts signed on 31 March 2024. The tender involved multiple lots focusing on high-quality cash collection, delivery, processing, banking, and reporting, with a total contract value of £589,545. The procurement method employed was a selective, negotiated procedure with prior call for competition.

This tender presents significant business growth opportunities for companies specialising in cash handling, secure transportation, and financial services. Ideal contenders would be those with a robust track record in cash collection, processing, and management, offering strong customer service and reliable contract management. Businesses with expertise in managing ticket vending machines (TVMs) and processing various revenue streams such as coins, notes, vouchers, and cheques would also be well-positioned to benefit from these contracts. The contracts also offered options for extension, allowing successful bidders potential long-term engagement with FIRST RAIL HOLDINGS LIMITED.

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Notice Information

Notice Title

Provision of cash in transit services

Notice Description

Provision of high quality cash collection and delivery services, cash processing, banking and reporting.

Lot Information

Provision of cash in transit services

Provision of high quality cash collection and delivery services, cash processing, banking and reporting.

Options: Option to extend for a period of 24 months.

Renewal: A 36 month initial contract term with an option to extend the agreement for a period of up to 24 months.

Provision of cash in transit services

Provision of high quality cash collection and delivery services, cash processing, banking and reporting. Additional information: Option to extend for a period of 24 months

Renewal: A 36 month initial contract term with an option to extend the agreement for a period of up to 24 months.

Provision of cash in transit services

Provision of high quality cash collection and delivery services, cash processing, banking and reporting. Additional information: Option to extend for a period of 24 months.

Renewal: A 36 month initial contract term with an option to extend the agreement for a period of up to 24 months.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-038d83
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025769-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure with prior call for competition
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£589,545 £500K-£1M
Lots Value
£588,000 £500K-£1M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
14 Aug 20242 years ago
Submission Deadline
12 Jan 2023Expired
Future Notice Date
Not specified
Award Date
31 Mar 20242 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FIRST RAIL HOLDINGS 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
W2 1AF
Postcode Area
West 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
Westminster
Electoral Ward
Hyde Park
Westminster Constituency
Cities of London and Westminster

Further Information

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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