This public procurement record has 3 releases in its history.

Award

28 May 2026 at 10:11

Award

13 May 2026 at 13:15

Award

10 Feb 2026 at 10:41

Summary of the contracting process

The procurement process for "Bank Note Sensors" was managed by the Bank of England, a central government public authority, located at Threadneedle Street, London. The procurement, completed under a direct award method due to the supplier’s ownership of intellectual property rights, falls under the engineering services category specific to banknote sensors. Stafford Aero Technologies Limited, an SME based in Norwich, has been awarded this contract. The contract began on 27 May 2026 and is set to run until 26 May 2030, with the possibility of a one-year extension. This agreement was formalised with the award notice published on 28 May 2026, following a tender initiation date of 10 February 2026.

This tender provides a substantial growth opportunity for businesses specialising in engineering services for measuring and testing apparatus, particularly those that can leverage technical expertise or intellectual property. Companies with strong capabilities in advanced sensor technology, repair, and maintenance, like Stafford Aero Technologies Limited, could find similar opportunities in winning direct awards. This contract not only highlights opportunities for businesses with unique technological assets but also underscores the significance of holding exclusive technical or intellectual property rights in securing high-value contracts with major institutions such as the Bank of England.

How relevant is this notice?

Notice Title

Bank Note Sensors

Notice Description

Engineering services for banknote sensors

Procurement Information

Paragraph 5 of Schedule 5 of the Procurement act apply, due to the supplier holding intellectual property rights in relation to existing equipment and services.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-064c06
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/050174-2026
Current Stage
Award
All Stages
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

50 - Repair and maintenance services


CPV Codes

50410000 - Repair and maintenance services of measuring, testing and checking apparatus

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£666,666 £500K-£1M
Contracts Value
£666,666 £500K-£1M

Notice Dates

Publication Date
28 May 20263 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
10 Feb 20264 months ago
Contract Period
26 May 2026 - 26 May 2030 4-5 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
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

STAFFORD AERO TECHNOLOGIES

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-064c06-2026-05-28T11:11:36+01:00",
    "date": "2026-05-28T11:11:36+01:00",
    "ocid": "ocds-h6vhtk-064c06",
    "initiationType": "tender",
    "parties": [
        {
            "id": "GB-COH-RC000042",
            "name": "BANK OF ENGLAND",
            "identifier": {
                "scheme": "GB-COH",
                "id": "RC000042"
            },
            "additionalIdentifiers": [
                {
                    "scheme": "GB-PPON",
                    "id": "PRDB-1113-HPPT"
                }
            ],
            "address": {
                "streetAddress": "Threadneedle Street",
                "locality": "London",
                "postalCode": "EC2R 8AH",
                "country": "GB",
                "countryName": "United Kingdom",
                "region": "UKI31"
            },
            "contactPoint": {
                "email": "fm.contracts@bankofengland.co.uk"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "classifications": [
                    {
                        "id": "publicAuthorityCentralGovernment",
                        "scheme": "UK_CA_TYPE",
                        "description": "Public authority - central government"
                    }
                ]
            }
        },
        {
            "id": "GB-COH-04122343",
            "name": "STAFFORD AERO TECHNOLOGIES LIMITED",
            "identifier": {
                "scheme": "GB-COH",
                "id": "04122343"
            },
            "additionalIdentifiers": [
                {
                    "scheme": "GB-PPON",
                    "id": "PCHJ-7367-PDVM"
                }
            ],
            "address": {
                "streetAddress": "4 Chalk Hill House, 19 Rosary Road",
                "locality": "Norwich",
                "postalCode": "NR1 1SZ",
                "country": "GB",
                "countryName": "United Kingdom",
                "region": "UKH15"
            },
            "contactPoint": {
                "email": "richard@staffordaerotechnologies.co.uk"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "url": "http://staffordaerotechnologies.co.uk",
                "scale": "sme",
                "vcse": false,
                "publicServiceMissionOrganization": false,
                "shelteredWorkshop": false
            }
        }
    ],
    "buyer": {
        "id": "GB-COH-RC000042",
        "name": "BANK OF ENGLAND"
    },
    "tender": {
        "id": "ocds-h6vhtk-064c06",
        "legalBasis": {
            "id": "2023/54",
            "scheme": "UKPGA",
            "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
        },
        "title": "Bank Note Sensors",
        "description": "Engineering services for banknote sensors",
        "status": "complete",
        "procurementMethod": "direct",
        "procurementMethodDetails": "Direct award",
        "procurementMethodRationale": "Paragraph 5 of Schedule 5 of the Procurement act apply, due to the supplier holding intellectual property rights in relation to existing equipment and services.",
        "procurementMethodRationaleClassifications": [
            {
                "id": "singleSuppliersIntellectualPropertyExclusiveRights"
            },
            {
                "id": "singleSuppliersTechnicalReasons"
            },
            {
                "id": "additionalRepeatExtensionPartialReplacement"
            }
        ],
        "lots": [
            {
                "id": "1",
                "status": "complete"
            }
        ],
        "documents": [
            {
                "id": "conflictOfInterest",
                "documentType": "conflictOfInterest",
                "description": "Not published"
            }
        ]
    },
    "awards": [
        {
            "id": "1",
            "title": "Bank Note sensors",
            "status": "active",
            "value": {
                "amountGross": 800000,
                "amount": 666666.67,
                "currency": "GBP"
            },
            "mainProcurementCategory": "services",
            "aboveThreshold": true,
            "suppliers": [
                {
                    "id": "GB-COH-04122343",
                    "name": "STAFFORD AERO TECHNOLOGIES LIMITED"
                }
            ],
            "items": [
                {
                    "id": "1",
                    "additionalClassifications": [
                        {
                            "scheme": "CPV",
                            "id": "50410000",
                            "description": "Repair and maintenance services of measuring, testing and checking apparatus"
                        }
                    ],
                    "deliveryAddresses": [
                        {
                            "region": "UK",
                            "country": "GB",
                            "countryName": "United Kingdom"
                        },
                        {
                            "region": "UK",
                            "country": "GB",
                            "countryName": "United Kingdom"
                        },
                        {
                            "region": "UK",
                            "country": "GB",
                            "countryName": "United Kingdom"
                        }
                    ],
                    "relatedLot": "1"
                }
            ],
            "contractPeriod": {
                "startDate": "2026-05-27T00:00:00+01:00",
                "endDate": "2030-05-26T23:59:59+01:00",
                "maxExtentDate": "2031-05-26T23:59:59+01:00"
            },
            "hasRenewal": true,
            "renewal": {
                "description": "1 year extension"
            },
            "relatedLots": [
                "1"
            ],
            "documents": [
                {
                    "id": "011697-2026",
                    "documentType": "awardNotice",
                    "noticeType": "UK5",
                    "description": "Transparency notice on Find a Tender",
                    "url": "https://www.find-tender.service.gov.uk/Notice/011697-2026",
                    "datePublished": "2026-02-10T10:41:23Z",
                    "format": "text/html"
                },
                {
                    "id": "043954-2026",
                    "documentType": "awardNotice",
                    "noticeType": "UK6",
                    "description": "Contract award notice on Find a Tender",
                    "url": "https://www.find-tender.service.gov.uk/Notice/043954-2026",
                    "datePublished": "2026-05-13T14:15:44+01:00",
                    "format": "text/html"
                }
            ],
            "milestones": [
                {
                    "id": "1",
                    "type": "futureSignatureDate",
                    "dueDate": "2026-05-27T23:59:59+01:00",
                    "status": "scheduled"
                }
            ],
            "date": "2026-02-10T00:00:00Z",
            "standstillPeriod": {
                "endDate": "2026-05-26T23:59:59+01:00"
            }
        }
    ],
    "language": "en",
    "contracts": [
        {
            "id": "1",
            "awardID": "1",
            "status": "active",
            "period": {
                "startDate": "2026-05-27T00:00:00+01:00",
                "endDate": "2030-05-26T23:59:59+01:00",
                "maxExtentDate": "2031-05-26T23:59:59+01:00"
            },
            "hasRenewal": true,
            "renewal": {
                "description": "1 year extension"
            },
            "value": {
                "amountGross": 800000,
                "amount": 666666.67,
                "currency": "GBP"
            },
            "aboveThreshold": true,
            "dateSigned": "2026-05-27T00:00:00+01:00",
            "noAgreedMetricsRationale": "Not required",
            "documents": [
                {
                    "id": "050174-2026",
                    "documentType": "contractNotice",
                    "noticeType": "UK7",
                    "description": "Contract details notice on Find a Tender",
                    "url": "https://www.find-tender.service.gov.uk/Notice/050174-2026",
                    "datePublished": "2026-05-28T11:11:36+01:00",
                    "format": "text/html"
                }
            ]
        }
    ]
}