Award

Supply Chain Framework - Cash in Transit Services

POST OFFICE LIMITED

This public procurement record has 2 releases in its history.

Award

24 Apr 2023 at 14:45

Tender

16 Dec 2022 at 17:10

Summary of the contracting process

The Post Office Limited has recently awarded a contract for the Supply Chain Framework - Cash in Transit Services through an open procedure. This procurement process involved the awarding of Lot 1 for Cash In Transit Works, including the collection and delivery of cash, bureau, and stock items to selected Post Office branches. The contract for Lot 1 is active and set to expire on 31st March 2027.

This tender opportunity, led by the Post Office Limited, provides a chance for businesses involved in security services to compete for contracts related to cash handling and transit. The open procedure allows for fair competition, and suppliers like G4S Cash Solutions (UK) Limited and Loomis (UK) Limited have already secured active contracts for Cash in Transit Services. Interested businesses should consider the competitive landscape and procurement deadlines to participate effectively in similar future opportunities.

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Notice Title

Supply Chain Framework - Cash in Transit Services

Notice Description

As set out in the documentation this award notice relates to the procurement process for awarding a Supply Chain Framework for Post Office Limited. The procurement process was run following a Open procedure. This award notice is for Lot 1 - Cash In Transit Works - Collection and / or deliveries of Cash, Bureau and Stock items to selected Post Office branches.

Lot Information

Cash In Transit Works

Procurement that was run was an 'Open' procedure where there were two lots to be bid for: The Frameworks to be awarded were split into 2 Lots: Lot 1 - Cash In Transit Works - Collection and / or deliveries of Cash, Bureau and Stock items to selected Post Office branches Lot 2 - Cash Processing Works - Processing of Note deposits, Supply of Bullion Pack Coin. Processing of Coin deposits and Supply of ATM Fit notes The procurement for the Lot 2 Services was unsuccessful. The Post Office are considering our options for future options for the services covered by lot 2 and shall advertise these in the appropriate fashion if and when Post Office intend to go out to market for similar services. Thus, this award notice is for Lot 1 only. The end date of the Lot 1 Cash in Transit framework Agreement is 31st March 2027.

Cash Processing Works

Procurement being run is an 'Open' procedure where there will be two lots to be bid for: The potential Frameworks to be awarded shall be split into 2 Lots: Lot 1 - Cash In Transit Works - Collection and / or deliveries of Cash, Bureau and Stock items to selected Post Office branches Lot 2 - Cash Processing Works - Processing of Note deposits, Supply of Bullion Pack Coin. Processing of Coin deposits and Supply of ATM Fit notes

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-039232
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/011697-2023
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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


CPV Codes

66112000 - Deposit services

66133000 - Processing and clearing services

79710000 - Security services

Notice Value(s)

Tender Value
£2,000,000 £1M-£10M
Lots Value
£2,000,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£2,000,000 £1M-£10M

Notice Dates

Publication Date
24 Apr 20232 years ago
Submission Deadline
19 Jan 2023Expired
Future Notice Date
Not specified
Award Date
31 Mar 20232 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
POST OFFICE LIMITED
Contact Name
Not specified
Contact Email
procurement@postoffice.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC2Y 9AQ
Post Town
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
Not specified

Local Authority
Islington
Electoral Ward
Bunhill
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
2
Supplier Names

G4S CASH SOLUTIONS (UK

LOOMIS (UK

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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