Award

Life Cycle Analysis for Polymer Banknotes

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

10 Dec 2024 at 11:54

Summary of the contracting process

The Bank of England has completed the procurement process for a contract titled "Life Cycle Analysis for Polymer Banknotes," classified under the CPV code 71620000 for analysis services and further classified under 90700000 for environmental services. The procurement falls under the services category and is located in the UKI region. The procurement stage is at the Award stage, with a contract signed on 1st March 2023. This procurement was carried out using a limited method without prior publication, justified as falling outside the directive's scope due to the contract's modified nature under specific PCR regulations. The contract, valued at GBP 225,063.92, has been awarded to Ricardo-AEA Limited.

This tender offers significant opportunities for businesses specialising in environmental and analysis services, particularly those experienced in life cycle assessments. Large organisations with expertise in handling substantial contracts are well-suited to compete in such tenders, as evidenced by the successful bid from Ricardo-AEA Limited. The specific focus on environmental analysis for polymer banknotes opens avenues for firms involved in sustainability and environmental impact assessments to showcase their strengths and grow their business through high-profile projects from established institutions like the Bank of England.

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Notice Title

Life Cycle Analysis for Polymer Banknotes

Notice Description

Life Cycle Analysis for Polymer Banknotes.

Procurement Information

The original contract award fell below the threshold of the PCR 2015 and was subject to a competitive procedure. The contract has subsequently been modified in line with the requirements of PCR regulation 72(1)(b(i) and 72(1)(b)(ii), following an increase in value not exceeding 50% of the value of the original award.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04c5fc
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/039742-2024
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

71 - Architectural, construction, engineering and inspection services

90 - Sewage, refuse, cleaning and environmental services


CPV Codes

71620000 - Analysis services

90700000 - Environmental services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£225,063 £100K-£500K

Notice Dates

Publication Date
10 Dec 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 Mar 20232 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
BANK OF ENGLAND
Contact Name
Not specified
Contact Email
fm.contracts@bankofengland.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Post Town
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
TLI London

Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

RICARDO-AEA

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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