Banknote Supply and Services Agreement

{
  "buyer": {
    "id": "GB-COH-RC000042",
    "name": "BANK OF ENGLAND"
  },
  "date": "2026-01-19T08:52:45Z",
  "id": "004172-2026",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-h6vhtk-05f615",
  "parties": [
    {
      "additionalIdentifiers": [
        {
          "id": "PRDB-1113-HPPT",
          "scheme": "GB-PPON"
        }
      ],
      "address": {
        "country": "GB",
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "EC2R 8AH",
        "region": "UKI31",
        "streetAddress": "Threadneedle Street"
      },
      "contactPoint": {
        "email": "askprocurement@bankofengland.co.uk"
      },
      "details": {
        "classifications": [
          {
            "description": "Public authority - central government",
            "id": "publicAuthorityCentralGovernment",
            "scheme": "UK_CA_TYPE"
          }
        ]
      },
      "id": "GB-COH-RC000042",
      "identifier": {
        "id": "RC000042",
        "scheme": "GB-COH"
      },
      "name": "BANK OF ENGLAND",
      "roles": [
        "buyer"
      ]
    }
  ],
  "planning": {
    "noEngagementNoticeRationale": "The preliminary market engagement took place prior to the commencement of the Procurement Act 2023 and further information on the preliminary market engagement conducted will be provided in the associated tender documents."
  },
  "tag": [
    "tender"
  ],
  "tender": {
    "aboveThreshold": true,
    "awardPeriod": {
      "endDate": "2027-04-01T23:59:59+01:00"
    },
    "contractTerms": {
      "financialTerms": "Payment terms in line with the contract provided as part of the associated tender documents."
    },
    "coveredBy": [
      "GPA",
      "CPTPP"
    ],
    "description": "This tender notice is for the award of a public contract through a competitive flexible procedure in accordance with section 20(1) and (2)(b) of the PA 2023 .\nThe contract will provide for the future supply of Banknotes, supporting the Bank of England (the Bank) in fulfilling its core responsibility of issuing secure Banknotes from Debden, the Bank\u0027s secure printing facility.  \nFurther details in relation to the services are set out in the associated tender documents.  \nThe Total Value of the opportunity is an estimate inclusive of all extensions available under the contract. The actual value will be dependent on demand for Banknotes as well as future Banknote designs under this contract.",
    "documents": [
      {
        "description": "Not published",
        "documentType": "conflictOfInterest",
        "id": "conflictOfInterest"
      },
      {
        "accessDetails": "Due to the sensitive nature of documentation, interested suppliers are required to complete a non-disclosure agreement in order to access the associated tender documents.  \nInterested suppliers should email \u202ffm.contracts@bankofengland.co.uk\u202fwith the reference \"PROC/033\" within the subject and confirm the signatory name and e-mail address for the Non-disclosure Agreement. This will then be issued via DocuSign.  \nOnce the NDA is signed the following documents are being provided for the first stage of the procurement and will be available on the Bank\u0027s Procurement portal Proactis.  \n- Procurement Specific Questionnaire  \n- Instructions to Suppliers  \n- Supplier Code of Practice  \n-Background and Context Document  \n-Draft and redacted Contract  \nThe documents necessary to participate in future stages of the procurement following the Conditions of Participation will be shared at the beginning of each stage including but not limited to:  \n- Draft Contract Terms  \n- Invitation to Tender  \n- Price Schedule  \nDocuments are/will be provided on the Bank of England\u0027s Procurement portal:\u202fhttps://supplierlive.proactisp2p.com/   \nCertain documents, due to their sensitive nature, will only be made available from Stage 2 onwards for viewing on Bank premises.",
        "documentType": "biddingDocuments",
        "id": "future"
      },
      {
        "datePublished": "2026-01-19T08:52:45Z",
        "description": "Tender notice on Find a Tender",
        "documentType": "tenderNotice",
        "format": "text/html",
        "id": "004172-2026",
        "noticeType": "UK4",
        "url": "https://www.find-tender.service.gov.uk/Notice/004172-2026"
      }
    ],
    "enquiryPeriod": {
      "endDate": "2026-02-06T16:00:00Z"
    },
    "expressionOfInterestDeadline": "2026-02-20T12:00:00Z",
    "id": "PROC/033",
    "items": [
      {
        "additionalClassifications": [
          {
            "description": "Banknotes",
            "id": "22430000",
            "scheme": "CPV"
          },
          {
            "description": "Banknote printing services",
            "id": "79812000",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UKH3"
          }
        ],
        "id": "1",
        "relatedLot": "1"
      }
    ],
    "legalBasis": {
      "id": "2023/54",
      "scheme": "UKPGA",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
    },
    "lots": [
      {
        "awardCriteria": {
          "criteria": [
            {
              "name": "Quality Requirements",
              "numbers": [
                {
                  "number": 55,
                  "weight": "percentageExact"
                }
              ],
              "type": "quality"
            },
            {
              "name": "Pricing Requirements",
              "numbers": [
                {
                  "number": 45,
                  "weight": "percentageExact"
                }
              ],
              "type": "price"
            }
          ]
        },
        "contractPeriod": {
          "endDate": "2038-02-28T23:59:59Z",
          "maxExtentDate": "2041-02-28T23:59:59Z",
          "startDate": "2028-03-01T00:00:00Z"
        },
        "hasOptions": true,
        "hasRenewal": true,
        "id": "1",
        "options": {
          "description": "The Bank intends to (and reserves the right to) directly award additional or repeat services that are similar to the services supplied under the contract, which is the subject matter of this Tender Notice, in accordance with Schedule 5, paragraph 8 of PA 2023.\nThe Bank reserves the right to modify this contract in accordance with Schedule 8, paragraph 1 of PA 2023."
        },
        "renewal": {
          "description": "The Bank has the ability to extend the contract for any such duration in any number of combinations providing that the total number of extensions do need exceed three years in total."
        },
        "selectionCriteria": {
          "criteria": [
            {
              "description": "In summary, the conditions of participation address the following;  \n\u2022 Core Supplier Information  \n\u2022 Associated Persons  \n\u2022 Debarment (including proposed sub-contractors)  \n\u2022 Financial Capacity  \n\u2022 Insurance Requirements  \n\u2022 Technical Ability  \n\u2022 Security  \n\u2022 Carbon Reduction  \n\u2022 Health \u0026 Safety \n\u2022 Prompt Payment\n\u2022 Modern Slavery  \n\u2022 Quality Assurance  \n\u2022 Equality \u0026 Diversity  \n\u2022 Business Continuity  \n\u2022 ESG  \n\u2022 Bribery Act 2010  \nAll conditions of participation are assessed on a Pass/Fail basis. The questions and the assessment criteria are set out in the Procurement Specific Questionnaire provided as part of the associated tender documents.",
              "type": "technical"
            }
          ]
        },
        "status": "active",
        "value": {
          "amount": 750000000,
          "amountGross": 900000000,
          "currency": "GBP"
        }
      }
    ],
    "mainProcurementCategory": "services",
    "procedure": {
      "features": "The procedure comprises:  \nStage 1 - Requiring a response to the Conditions of Participation  \nStage 2 - Initial tender responses from all suppliers that satisfy the Conditions of Participation will be evaluated  \nStage 3 - Negotiation of Stage 2 proposals   \nStage 4 - The Bank will issue an invitation for Best And Final Offers (BAFO) and request submission of final tender responses  \nAll suppliers that are not otherwise excluded will be entitled to participate in negotiation and submit BAFO."
    },
    "procurementMethod": "selective",
    "procurementMethodDetails": "Competitive flexible procedure",
    "riskDetails": "The Bank of England is responsible for issuing secure banknotes as part of its role in ensuring the monetary and financial stability of the UK. The satisfactory performance of the services under this contract is a key aspect of that role and the Bank has designed the contract to respond to known risks which, if materialised, would threaten or undermine the performance of the contract.  \nHowever, there are some risks which cannot be fully known, or whose impact cannot be fully measured, in advance. Should the Bank become aware of a risk which will require addressing as it may impact on the satisfactory performance of the contract, in particular as it relates to its contribution to the issuing of banknotes and ensuring the monetary and financial stability of the UK, it is possible that modifications to the contract will be required",
    "status": "active",
    "submissionMethodDetails": "Submission of responses to the Procurement Specific Questionnaire must be via the Bank\u0027s procurement portal Proactis at this address: https://supplierlive.proactisp2p.com/Account/Login",
    "submissionTerms": {
      "electronicSubmissionPolicy": "allowed",
      "languages": [
        "en"
      ]
    },
    "title": "Banknote Supply and Services Agreement",
    "value": {
      "amount": 750000000,
      "amountGross": 900000000,
      "currency": "GBP"
    }
  }
}