---
title: "Bulk Coin Cash Collection"
ocid: "ocds-b5fd17-c7b01167-7318-4a51-a3dd-5684dbeab29b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-c7b01167-7318-4a51-a3dd-5684dbeab29b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-c7b01167-7318-4a51-a3dd-5684dbeab29b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-c7b01167-7318-4a51-a3dd-5684dbeab29b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "ISLE OF WIGHT COUNCIL"
published: "2022-04-21"
---

# Bulk Coin Cash Collection

Buyer: ISLE OF WIGHT COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-c7b01167-7318-4a51-a3dd-5684dbeab29b

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-c7b01167-7318-4a51-a3dd-5684dbeab29b)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-c7b01167-7318-4a51-a3dd-5684dbeab29b.json)

## Summary

The Isle of Wight Council is initiating the procurement process for the "Bulk Coin Cash Collection" service, aimed at supporting the collection of bulk coin from Pay and Display machines and the Cowes Floating Bridge. This contract, classified under security services (CPV code 79710000), is currently in the Award stage and was published on 21st April 2022. The contract spans an initial period of three years, starting from 1st April 2022, with a potential extension of one additional year. The total estimated value of the contract is £96,000. The procurement was conducted through a further competition under Lot 5 South East England of the ESPO Framework 324F_20, with a tender deadline that closed on 18th March 2022.

This tender presents significant opportunities for business growth, particularly for small and medium-sized enterprises (SMEs) specialising in cash handling and security services. Companies that possess the capability to manage bulk cash collections and have experience working within the public sector will be well-suited to compete for this contract. Engaging in this procurement could enhance a business's portfolio and foster long-term relationships with a local authority, paving the way for future collaborations in similar service areas.

## Notice

The Authority undertook a Further Competition under Lot 5 South East England of ESPO Framework 324F_20 for the collection of the Authority's bulk coin which has already been collected and counted by the Authority's operatives from the Authority's Pay and Display machines and the Cowes Floating Bridge. The Contract is for an initial period of 3 years with an option to extend for a further period or periods up to a total of 1 year taking the Contract term to a maximum of 4 years. Additional information: Please note that the values given are estimated and are for the total contract duration including any possible extension period.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/4c979924-7fe3-4359-a281-329df4838f2b |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 21 Apr 2022 |
| Submission deadline | 18 Mar 2022 |
| Future notice date | Not specified |
| Award date | 25 Mar 2022 |
| Contract period | 31 Mar 2022 - 31 Mar 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £96,000 |
| Lots value | Not specified |
| Awards value | £96,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | ISLE OF WIGHT COUNCIL |
| Locality | NEWPORT |
| Post town | Portsmouth |
| Postcode | PO30 1UD |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ3 Hampshire and Isle of Wight |
| ITL 3 | TLJ34 Isle of Wight |
| Local authority | Isle of Wight |
| Electoral ward | Newport Central |
| Westminster constituency | Isle of Wight West |
| Delivery location | TLJ South East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | G4S CASH SOLUTIONS (UK |

## CPV Codes

### Divisions

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

### Codes

- 79710000 - Security services

## Release History

- 21 Apr 2022 at 12:58 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/4c979924-7fe3-4359-a281-329df4838f2b

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/4c979924-7fe3-4359-a281-329df4838f2b
  21st April 2022 - Awarded contract notice on Contracts Finder

## Notice URLs

- http://www.iwight.com

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-c7b01167-7318-4a51-a3dd-5684dbeab29b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-c7b01167-7318-4a51-a3dd-5684dbeab29b.json.