Expired contract

Banknote Confidence & Payment Survey

Details

Value
£346,400
Duration
4 years
Topic
Banknotes
Published
2 February 2022

Tender description

The Bank of England seeks to appoint a contractor to conduct banknote confidence & payment preference surveys of the UK public as follows: (a) Public perceptions of counterfeiting and payment preferences survey (b) Paper £20/£50 Withdrawal Of Legal Tender Status (WOLTS) awareness survey

Timeline

  1. Completed: Award date5 January 2022
  2. Completed: Award published2 February 2022
    Current notice
  3. Completed: Contract expiry date4 January 2026

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
  • 79311000 · Survey services

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Decision makers

Connect with the people behind this procurement.

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