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Cash collection and Cash in transit Services

TRANSPORT FOR LONDON

This public procurement record has 2 releases in its history.

Planning

12 Jun 2026 at 11:34

UK2 - Preliminary Market Engagement Notice
Planning

14 May 2026 at 19:55

UK1 - Pipeline Notice
Summary of the contracting process

Transport for London (TfL) is currently in the planning stage for a tender focused on cash collection and cash in transit services. This initiative involves conducting a Market Sounding Questionnaire to prepare for the procurement process. The procurement is categorized under banking and security services, and it includes collecting cash from approximately 300 London Underground stations and additional locations across Greater London, Essex, and Hertfordshire. The tender process is scheduled to advance significantly with a key milestone due by 31st July 2026, allowing businesses to engage in market analysis early. The planned period of the contract spans from 30th April 2027 to 29th April 2031, providing a significant duration for service provision. The procurement method includes setting up a dynamic purchasing system, catering to businesses within the UK region.

This tender provides substantial opportunities for businesses specializing in cash handling, transportation, and security services, offering a total value of £2,000,000 with an expected gross amount of £2,400,000. It is particularly well-suited for businesses that can ensure the safe handling and management of cash across multiple locations. Small and medium-sized enterprises (SMEs) with capabilities in secure cash logistics stand to benefit, especially those that can operate proficiently under public service undertakings. The service period and planned engagement stages present ample time for participating companies to prepare and propose competitive solutions, ultimately fostering business growth through an established partnership with a major public transport entity like TfL.

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Notice Information

Notice Title

Cash collection and Cash in transit Services

Notice Description

Transport for London (TfL) is conducting a market engagement exercise by way of a Market Sounding Questionnaire for its cash collection and cash in transit services. TfL accepts cash for either travel ticket and/or Oyster card purchase/top up at London Underground stations, via DLR ticket machines, at several bus stations and five (station based) Visitor Centres. This cash needs to be collected and deposited to TfL's banking contractor within specified time windows. There are just under 300 London Underground stations, locations in Greater London, Essex and Hertfordshire DLR stations, and around 50 locations at DLR stations bus stations and Visitor Centres. The services are expected to support the safe handling, transportation, and management of cash generated from operational activities. In order to obtain a copy of the Market Sounding Questionnaire please reach out to Annohbrobbey@tfl.gov.uk.

Planning Information

Market Sounding Questionnaire

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-069962
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/055667-2026
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK2 - Preliminary Market Engagement Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

CPV Codes

66110000 - Banking services

79710000 - Security services

Notice Value(s)

Tender Value
£2,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
12 Jun 20261 months ago
Submission Deadline
Not specified
Future Notice Date
30 Sep 20262 months to go
Award Date
Not specified
Contract Period
29 Apr 2027 - 29 Apr 2031 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
TRANSPORT FOR LONDON
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
E20 1JN
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
Not specified
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

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. 

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