Award

Banknote Print Machinery Servicing

BANK OF ENGLAND

This public procurement record has 4 releases in its history.

Award

04 Mar 2026 at 19:46

Award

20 Jun 2025 at 14:02

Award

19 Jun 2025 at 17:54

Planning

23 May 2025 at 15:29

Summary of the contracting process

The "Banknote Print Machinery Servicing" contract initiated by the Bank of England pertains to servicing banknote printing machines located in London, United Kingdom, with the aim of extending their lifespan. The procurement, belonging to the 'services' category, utilised a direct award method due to the absence of competition and proprietary rights held by Komori Corporation, thereby eliminating alternatives. The procurement has progressed to the award stage and the contract, valued at approximately GBP 13.5 million (gross GBP 16.2 million), commenced on 2 July 2025 and will run until 3 May 2038.

Opportunities for business growth are mainly centred around large-scale suppliers that specialise in repair and maintenance services, particularly where intellectual property or exclusive rights form a barrier to competition. While Komori Corporation has received the direct award, businesses with innovative technologies or solutions related to banknote machinery may explore partnerships or look towards evolving market demands in order to establish a foothold in future tenders from public authorities like the Bank of England.

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How relevant is this notice?

Notice Title

Banknote Print Machinery Servicing

Notice Description

Servicing of Bank of England banknote printing machines to extend lifespan. Contract Value based on exchange rates at time of award.

Procurement Information

Single supplier - intellectual property or exclusive rights Single supplier - technical reasons (a)due to the supplier having intellectual property rights or other exclusive rights, only that supplier can supply the goods, services or works required, and (b)there are no reasonable alternatives to those goods, services or works. Single Supplier - technical reasons (a) there is an absence of competition for technical reasons (b) there are no reasonable alternatives to those services which need to be supplied

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-052473
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/019719-2026
Current Stage
Award
All Stages
Planning, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

50 - Repair and maintenance services


CPV Codes

50000000 - Repair and maintenance services

Notice Value(s)

Tender Value
£13,500,000 £10M-£100M
Lots Value
Not specified
Awards Value
£13,479,891 £10M-£100M
Contracts Value
£13,479,891 £10M-£100M

Notice Dates

Publication Date
4 Mar 20261 months ago
Submission Deadline
Not specified
Future Notice Date
9 Jun 2025Expired
Award Date
19 Jun 202510 months ago
Contract Period
28 Jul 2026 - 3 May 2038 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

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
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
TLH3 Essex

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

Supplier Information

Number of Suppliers
1
Supplier Name

KOMORI

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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