Award

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 10:48

Tender

14 Dec 2022 at 15:30

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.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

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.

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 20241 years ago
Submission Deadline
12 Jan 2023Expired
Future Notice Date
Not specified
Award Date
31 Mar 20241 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

Contracting Authority (Buyer)

Main Buyer
FIRST RAIL HOLDINGS LIMITED
Contact Name
Tanja Odinsen
Contact Email
frh-procurement.indirects@firstrail.com
Contact Phone
+44 7890914693

Buyer Location

Locality
LONDON
Postcode
W2 1AF
Post Town
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
TLI London, TLI4 Inner London - East, TLI7 Outer London - West and North West, TLJ2 Surrey, East and West Sussex, TLJ3 Hampshire and Isle of Wight, TLK South West (England), TLL Wales

Local Authority
Westminster
Electoral Ward
Hyde Park
Westminster Constituency
Cities of London and Westminster

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-038d83-2024-08-14T11:48:44+01:00",
    "date": "2024-08-14T11:48:44+01:00",
    "ocid": "ocds-h6vhtk-038d83",
    "initiationType": "tender",
    "tender": {
        "id": "ocds-h6vhtk-038d83",
        "legalBasis": {
            "id": "32014L0025",
            "scheme": "CELEX"
        },
        "title": "Provision of cash in transit services",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66000000",
            "description": "Financial and insurance services"
        },
        "mainProcurementCategory": "services",
        "description": "Provision of high quality cash collection and delivery services, cash processing, banking and reporting.",
        "value": {
            "amount": 589545,
            "currency": "GBP"
        },
        "lots": [
            {
                "id": "1",
                "title": "Provision of cash in transit services",
                "description": "Provision of high quality cash collection and delivery services, cash processing, banking and reporting.",
                "value": {
                    "amount": 298000,
                    "currency": "GBP"
                },
                "contractPeriod": {
                    "durationInDays": 1080
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "A 36 month initial contract term with an option to extend the agreement for a period of up to 24 months."
                },
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "hasOptions": true,
                "status": "cancelled",
                "options": {
                    "description": "Option to extend for a period of 24 months."
                }
            },
            {
                "id": "2",
                "title": "Provision of cash in transit services",
                "description": "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",
                "value": {
                    "amount": 238000,
                    "currency": "GBP"
                },
                "contractPeriod": {
                    "durationInDays": 1080
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "A 36 month initial contract term with an option to extend the agreement for a period of up to 24 months."
                },
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "hasOptions": false,
                "status": "cancelled"
            },
            {
                "id": "3",
                "title": "Provision of cash in transit services",
                "description": "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.",
                "value": {
                    "amount": 52000,
                    "currency": "GBP"
                },
                "contractPeriod": {
                    "durationInDays": 1080
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "A 36 month initial contract term with an option to extend the agreement for a period of up to 24 months."
                },
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "hasOptions": false,
                "status": "cancelled"
            }
        ],
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66000000",
                        "description": "Financial and insurance services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UKI"
                    },
                    {
                        "region": "UKK"
                    },
                    {
                        "region": "UKL"
                    },
                    {
                        "region": "UK"
                    }
                ],
                "relatedLot": "1"
            },
            {
                "id": "2",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66000000",
                        "description": "Financial and insurance services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UKI4"
                    },
                    {
                        "region": "UKJ2"
                    },
                    {
                        "region": "UKJ3"
                    },
                    {
                        "region": "UK"
                    }
                ],
                "relatedLot": "2"
            },
            {
                "id": "3",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66000000",
                        "description": "Financial and insurance services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UKI7"
                    },
                    {
                        "region": "UK"
                    }
                ],
                "deliveryLocation": {
                    "description": "The entire Avanti West Coast operating area from London to the North West, Glasgow and into Wales."
                },
                "relatedLot": "3"
            }
        ],
        "participationFees": [
            {
                "id": "1",
                "type": [
                    "document"
                ]
            }
        ],
        "submissionMethod": [
            "electronicSubmission"
        ],
        "submissionMethodDetails": "http://redirect.transaxions.com/events/RyJux",
        "procurementMethod": "selective",
        "procurementMethodDetails": "Negotiated procedure with prior call for competition",
        "tenderPeriod": {
            "endDate": "2023-01-12T12:00:00Z"
        },
        "submissionTerms": {
            "languages": [
                "en"
            ]
        },
        "hasRecurrence": false
    },
    "parties": [
        {
            "id": "GB-COH-02029363",
            "name": "FIRST RAIL HOLDINGS LIMITED",
            "identifier": {
                "legalName": "FIRST RAIL HOLDINGS LIMITED",
                "id": "02029363",
                "scheme": "GB-COH"
            },
            "address": {
                "streetAddress": "8th Floor,The Point, 37 North Wharf Road",
                "locality": "LONDON",
                "region": "UKI32",
                "postalCode": "W21AF",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Tanja Odinsen",
                "telephone": "+44 7890914693",
                "email": "FRH-procurement.indirects@firstrail.com",
                "url": "http://redirect.transaxions.com/events/RyJux"
            },
            "roles": [
                "buyer",
                "centralPurchasingBody"
            ],
            "details": {
                "url": "https://www.firstgroupplc.com",
                "classifications": [
                    {
                        "scheme": "TED_CE_ACTIVITY",
                        "id": "RAILWAY_SERVICES",
                        "description": "Railway services"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-70914",
            "name": "First Rail Holdings Limited",
            "identifier": {
                "legalName": "First Rail Holdings Limited"
            },
            "address": {
                "streetAddress": "First Rail Division, 8th Floor, The Point, 37 North Wharf Road, Paddington",
                "locality": "London",
                "postalCode": "W2 1AF",
                "countryName": "United Kingdom"
            },
            "roles": [
                "reviewBody"
            ]
        },
        {
            "id": "GB-COH-05154485",
            "name": "FIRST RAIL HOLDINGS LIMITED",
            "identifier": {
                "legalName": "FIRST RAIL HOLDINGS LIMITED",
                "id": "05154485",
                "scheme": "GB-COH"
            },
            "address": {
                "streetAddress": "8th Floor,The Point, 37 North Wharf Road",
                "locality": "LONDON",
                "region": "UKI32",
                "postalCode": "W21AF",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Tanja Odinsen",
                "telephone": "+44 7890914693",
                "email": "FRH-procurement.indirects@firstrail.com"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "url": "https://www.firstgroupplc.com",
                "classifications": [
                    {
                        "scheme": "TED_CE_ACTIVITY",
                        "id": "RAILWAY_SERVICES",
                        "description": "Railway services"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-5121",
            "name": "First Rail Holdings Limited",
            "identifier": {
                "legalName": "First Rail Holdings Limited"
            },
            "address": {
                "locality": "London",
                "countryName": "United Kingdom"
            },
            "roles": [
                "reviewBody"
            ]
        }
    ],
    "buyer": {
        "id": "GB-COH-05154485",
        "name": "FIRST RAIL HOLDINGS LIMITED"
    },
    "language": "en",
    "awards": [
        {
            "id": "025769-2024-1",
            "relatedLots": [
                "1"
            ],
            "title": "Provision of cash in transit services",
            "status": "active"
        },
        {
            "id": "025769-2024-2",
            "relatedLots": [
                "2"
            ],
            "title": "Provision of cash in transit services",
            "status": "active"
        },
        {
            "id": "025769-2024-3",
            "relatedLots": [
                "3"
            ],
            "title": "Provision of cash in transit services",
            "status": "active"
        }
    ],
    "contracts": [
        {
            "id": "025769-2024-1",
            "awardID": "025769-2024-1",
            "title": "Provision of cash in transit services",
            "status": "active",
            "dateSigned": "2024-03-31T00:00:00Z"
        },
        {
            "id": "025769-2024-2",
            "awardID": "025769-2024-2",
            "title": "Provision of cash in transit services",
            "status": "active",
            "dateSigned": "2024-03-31T00:00:00Z"
        },
        {
            "id": "025769-2024-3",
            "awardID": "025769-2024-3",
            "title": "Provision of cash in transit services",
            "status": "active",
            "dateSigned": "2024-03-31T00:00:00Z"
        }
    ]
}