Award

Bank Note sensors

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

10 Feb 2026 at 10:41

Summary of the contracting process

The procurement process conducted by the Bank of England, identified as a public authority within central government, focused on engineering services for banknote sensors. This contract is classified under the services category and was handled as a direct award due to special procurement conditions. The procurement, located in London, United Kingdom, is at the award stage with specific details finalised on 10th February 2026. The contract period is set to commence on 23rd February 2026, lasting until 22nd February 2030, with a possible extension option up to 22nd February 2031. The gross value of the procurement is £800,000, demonstrating a considerable investment in the maintenance and enhancement of the banknote measurement and testing apparatus.

This tender presents a substantial opportunity for businesses involved in engineering services, particularly those specialising in highly technical and exclusive intellectual property solutions. Suppliers such as Stafford Aero Technologies Limited, which is already involved as the awardee, exemplify the calibre of SMEs suited for this procurement due to their technical expertise and established presence in the industry. The long-term duration and the potential for renewal make this contract an attractive proposition for businesses looking to secure stable and lucrative government engagements, facilitating business growth and development in the niche market of banking technology services.

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Notice Title

Bank Note sensors

Notice Description

Engineering services for banknote sensors

Procurement Information

Section 41: Direct award in special cases Paragraph 5 & 7 of Schedule 5 applies

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-064c06
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/011697-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK5 - Transparency 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
Not specified

Notice Dates

Publication Date
10 Feb 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
10 Feb 20261 weeks ago
Contract Period
23 Feb 2026 - 22 Feb 2030 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Not specified
Contact Email
askprocurement@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
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

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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