Awarded contract

Cash In Transit Logistics

Details

Buyer: Bank of England
Supplier(s): Loomis
Value: £360,000
Duration: 5 years
Topic: Banknotes
Published: 5 October 2022
Source: uk:contracts_finder

Tender description

Cash in Transit Logistic for exemplar notes, counterfeit test packs and other small security items required by Notes Contract Management and Banknote Research and Innovation teams

Timeline

Completed: Award date23 May 2022
Completed: Award published5 October 2022
Current notice
Next: Contract expiry date23 July 2027in 10 months

About the buyer

The Bank of England is the UK's central bank, and it buys as a Sub-Central Contracting Authority under the Procurement Act 2023. Suppliers register on the Bank's Oracle Fusion Supplier Portal before they can be invited to tender. Contract notices also appear on the government's Find a Tender Central Digital Platform. The Bank's Commercial Division runs the tendering process and scores bids against published selection criteria. An evaluation panel made up of Bank officers then assesses full tender submissions against the stated award criteria. Registered suppliers then move from prospective to spend-authorised status once they have won a contract.

Procurement spend from central entities makes up 66% of overall UK public spend.

Over the past 5 years, most of Bank of England's contract awards have been in IT services, software and information systems and business services.

Relevant CPV codes

22430000 · Banknotes

Decision makers

Connect with the people behind this procurement.

Job title	Phone number	Work email
Head of Procurement	+44 •••• ••••••	••••••••@bank-of-england.gov
Commercial Director	+44 •••• ••••••	••••••••@bank-of-england.gov
Procurement Manager	+44 •••• ••••••	••••••••@bank-of-england.gov
Category Lead	+44 •••• ••••••	••••••••@bank-of-england.gov
Senior Buyer	+44 •••• ••••••	••••••••@bank-of-england.gov
Contracts Manager	+44 •••• ••••••	••••••••@bank-of-england.gov