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Banknote Print

BANK OF ENGLAND

This public procurement record has 1 release in its history.

AwardUpdate

25 Apr 2024 at 15:42

Award Notice
Summary of the contracting process

The Bank of England has awarded a contract for the printing of banknotes to De La Rue PLC. The contract, titled "Banknote Print," falls under the goods category and will be in effect until February 29, 2028. The Bank of England is the contracting authority located in London, United Kingdom. The procurement process started as a tender, and the award was given to De La Rue PLC. The contract involves the supply and maintenance of printing machinery for banknotes, with a focus on security and quality management.

This tender presents an opportunity for businesses involved in printing machinery, banknote production, security features, and maintenance services to compete. Suitable businesses should have expertise in banknote printing, security processes, and machinery maintenance. The contract, although complex, offers a long-term partnership with room for amendments to accommodate changing requirements, such as new banknote designs and alternative substrates. Businesses should be prepared to adhere to technical specifications, security standards, and property maintenance services as outlined in the contract.

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Notice Information

Notice Title

Banknote Print

Notice Description

Lot Information

Lot 1

The Contracting Authority is responsible for ensuring security and continuity of the supply of high quality banknotes. The Contracting Authority entered into a contract for the supply of banknotes to be printed throughout the term of the contract at its premises at Debden in Essex, initially using the existing equipment currently located there. The site is a high security environment and all individuals working on site must be security cleared. The supplier will manage all aspects of banknote production from sourcing many of the banknote components through to single note inspection of finished banknotes. The Contracting Authority places significant importance on the supplier meeting the technical specifications for the banknotes and implementing robust quality management and security processes. The contract provides for the introduction of new banknote designs during the course of the contract. The supplier is required to ensure that the printing machinery at the Debden premises continues to be fit for purpose throughout the term of the contract. This will involve the replacement and/or refurbishment of most of the printing machinery at an early stage of the contract. The supplier will also be expected to maintain the machinery through the lifetime of the contract. The contract also includes facilities maintenance and other property related services required at the Debden premises. The Contracting Authority continues to review new security features, including the potential for alternative banknote substrates. The supplier will need to accommodate any change of features or substrate that might be required at any stage from the start of the contract. In contingency scenarios, where the Debden site becomes inoperable, the Contracting Authority may require its banknotes to be printed at the supplier's own printing works or an alternative site approved by the authority.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-045533
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/013490-2024
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

22 - Printed matter and related products

42 - Industrial machinery

50 - Repair and maintenance services

CPV Codes

22430000 - Banknotes

42900000 - Miscellaneous general and special-purpose machinery

50530000 - Repair and maintenance services of machinery

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£500,000,000 £100M-£1B

Notice Dates

Publication Date
25 Apr 20242 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
29 Sep 201411 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
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
EC2R 8AH
Postcode Area
Central 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
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

De La Rue PLC

Further Information

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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