Award

P-3028 Cash in Transit 2025

TRANSLINK

This public procurement record has 2 releases in its history.

Award

12 Feb 2025 at 10:29

Tender

06 Nov 2024 at 16:51

Summary of the contracting process

Translink, based in Belfast, United Kingdom, has completed a procurement process for Cash in Transit services under the tender title "P-3028 Cash in Transit 2025". The procurement falls under the services category with CPV classification 60000000 - Transport services (excluding waste transport). Key services included secure cash collection, re-floating, safe key holding, and unprepared cash collections for ticket vending machines. The procurement method was an open procedure, and the contract, valued at £3,500,000, was awarded to G4S Cash Solutions UK Limited on 11th February 2025. The contract's initial term is for four years, with two optional extensions of two years each, making it potentially renewable for up to eight years.

This tender represents significant growth opportunities for businesses specialising in secure transport and cash handling services. Given the specific requirements of cash in transit, companies with expertise in banking, security, and collection agency services would be well-suited to compete. Smaller enterprises can benefit from subcontracting opportunities or partnerships with leading firms like G4S, thereby enabling them to expand their business footprint in the UK security and transportation sectors. The detailed and comprehensive nature of this procurement process underscores the importance of quality and cost considerations, making it beneficial for businesses focused on delivering high standards and competitive pricing.

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Notice Title

P-3028 Cash in Transit 2025

Notice Description

Translink are seeking a Contractor to provide Cash in Transit services. Services include secure cash collection, re-floating, safe key holding, and unprepared cash collections for ticket vending machines (TVM's).

Lot Information

Lot 1

Translink are seeking a Contractor to provide Cash in Transit services. Services include secure cash collection, re-floating, safe key holding, and unprepared cash collections for ticket vending machines (TVM's).

Options: Initial term of 4 years plus 2+2 optional extensions.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04b478
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/004682-2025
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

60 - Transport services (excl. Waste transport)

66 - Financial and insurance services

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


CPV Codes

60000000 - Transport services (excl. Waste transport)

66110000 - Banking services

79710000 - Security services

79940000 - Collection agency services

Notice Value(s)

Tender Value
£3,500,000 £1M-£10M
Lots Value
£3,500,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£3,500,000 £1M-£10M

Notice Dates

Publication Date
12 Feb 20251 years ago
Submission Deadline
9 Dec 2024Expired
Future Notice Date
Not specified
Award Date
11 Feb 20251 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
TRANSLINK
Contact Name
Not specified
Contact Email
procurement@translink.co.uk
Contact Phone
Not specified

Buyer Location

Locality
BELFAST
Postcode
BT2 7LX
Post Town
Northern Ireland
Country
Northern Ireland

Major Region (ITL 1)
TLN Northern Ireland
Basic Region (ITL 2)
TLN0 Northern Ireland
Small Region (ITL 3)
TLN06 Belfast
Delivery Location
TLN Northern Ireland

Local Authority
Belfast
Electoral Ward
Central
Westminster Constituency
Belfast South and Mid Down

Supplier Information

Number of Suppliers
1
Supplier Name

G4S CASH SOLUTIONS

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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