Official UK procurement notice
Cash in Transit Logistical Services
Authority: BANK OF ENGLAND
What is being bought
Published requirement descriptionThe Bank has a requirement for cash in transit logistical services to cover the following categories:
- Ad hoc Very high value domestic consignments between two set locations
- Ad hoc high value consignments between England and NI
- Ad hoc international consignments
- Lower value ad hoc domestic consignments
- Lower value domestic consignments between three set locations
CPV: Banking services · Security services
The lotProcurement structure
single lot · no lot value publishedPipeline intelligence · planning stage: how this market runs before the tender is published
How BANK OF ENGLAND buys Security services (CPV 7971), and who usually turns up
BANK OF ENGLAND’s published record next to the market for the same work. Frameworks and DPS are left out: they draw different bid counts. Whole-market view: Security services (CPV 7971) →
How the contest usually goes
Winner shares use published awards; bid and price charts use contested lots.
i
How often small and medium firms win.
Share of awards where the winner’s size is known.
The counts under this question show how many awards have a known supplier size.
Small firms have won here. Neither number says whether you qualify; it describes who has been winning.
i
How often local firms win similar work.
Winners with a registered address in the delivery region, out of awards with a known address.
Local means the winner is registered in the region where that award was delivered.
A local branch does not count if the registered address is elsewhere.
Most of this buyer’s recorded winners were registered in the region where that award was delivered.
i
How long buyers here take to decide after bids close.
Middle value in days from the bid deadline to the award date, on competitions that published both.
Only decided tenders count, so slow ones still waiting are not in.
Half of these awards have an award date within 64 days of the bid deadline.
i
How often work is awarded with no recorded rival.
Direct awards and tenders where every published lot count shows one bid.
Both shares are minimums: some awards have no bid count.
Thin markets produce this too; it is not proof of a tailored specification.
Direct awards or one recorded bid are common here. Check the route before spending time on a bid.
How many bids did past lots attract?
i
How many bids past lots received.
Each colour is a bid-count range. Only competed lots with a published count are included.
Past bids do not predict this tender.
1 bid20% / 16%
2–30% / 17%
4–660% / 21%
7+20% / 46%
How did awards compare with estimates?
i
Where winning prices landed against estimates.
Each colour shows awards below, close to or above the published estimate, one lot at a time.
Past prices are a guide, not a bid price.
Below estimate29%
Within ±2%48%
Above estimate23%
Assess each lot i
What past awards tell you about each lot.
See the forecast, this buyer’s earlier suppliers and firms with relevant wins.
No supplier is confirmed as a bidder.
i
What past awards tell you about each lot.
See the forecast, this buyer’s earlier suppliers and firms with relevant wins.
No supplier is confirmed as a bidder.
Open a lot for its forecast, this buyer’s previous supplier and possible competitors, from published award history, not a bid list
Lot #1CPV 6611Published estimate£1.7m
This lot is listed as CPV 6611. The table above uses the notice category.
i
How many bids this lot may attract.
The forecast uses similar past competitions. The bar shows either that forecast or past bid counts; the line below says which.
Each lot shows its own forecast based on its own category; forecasts for different lots of the same notice are not comparative. The bar shows 19 past lots.
A forecast, not a list of bidders.
1 bid26%
2–332%
4–642%
7+0%
i
Where the award price may land.
The forecast uses similar awards and the buyer’s estimate. The band covers the middle half of likely prices.
No comparable awards for this lot yet.
A statistical guide from past awards, not a price to bid.
Who has supplied this buyer on similar work? i
Who has done similar work for this buyer.
Past contracts are matched by buyer, title and type of work.
A past supplier may not bid again.
i
Who has done similar work for this buyer.
Past contracts are matched by buyer, title and type of work.
A past supplier may not bid again.
No earlier contract of this buyer matches this lot on the published record.
Who could compete for this lot? i
Who could compete for this lot?
Firms with relevant past wins. On a framework, we show firms on that agreement.
None is confirmed as a bidder.
i
Who could compete for this lot?
Firms with relevant past wins. On a framework, we show firms on that agreement.
None is confirmed as a bidder.
Candidate suppliers for this notice have not been worked out yet, so this is not a verdict that nobody fits.
About this data
- Source. Official UK public procurement notices (Find a Tender), reused under the Open Government Licence v3.0. New notices arrive through the day; the figures are rebuilt nightly.
- Two views, kept apart. The authority’s own track record and the wider market for the same kind of work sit side by side and are never mixed. Where the local picture is too thin, a figure widens to a broader market and says which one it used.
- Forecasts are labelled. The price forecast and its range, possible competitors and the earlier-work matches are our estimates from past awards: not published facts, not win chances and not price advice. Official notices do not say who is bidding.
- Every figure shows what it rests on. Not every notice publishes a bid count, a value or a delivery region, so each figure carries the number of records behind it, and one built on few records is marked as such. The on a figure explains it; the counting rules are in the methodology. Spotted something wrong? Tell us.
Procedure terms & legal framework
From the official record- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Planned procurement
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 9 Sept 2026, 13:46 BST
- Last source update
- 9 Sept 2026, 13:46 BST
- Authority reference
PROC/741- FTS notice number
2026/S 000-085397- Latest notice
- Preliminary market engagement notice (UK2)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-06f5a9Find a Tender
How it was run
Official notice- Submission deadline
- —
Timeline
9 Sept 2026 → 30 Jun 2027 · 4 dates- Planning notice published47 days ago9 Sept 2026, 13:46 BST
- Market engagement18 days ago8 Oct 2026, 23:59 BST
THIS IS NOT A CALL FOR COMPETITION
It is anticipated, dependent upon an engagement exercise, that tenders for this service will be issued in January 2027, to enable the contract to start on 30/06/2027.
As part of the tender process, the Bank is undertaking a preliminary market engagement exercise. This gives potential providers and other stakeholders to introduce themselves, express an interest in the opportunity, and complete and return the information feedback form that can be downloaded from the Oracle online supplier portal. This will be used to inform the specification for the tender process.
This process does not constitute a formal tender or other competitive bidding process and will not result in the letting of a Contract
Please note that the contract value included in this Notice is estimated and does not act as a commitment of spend by the Bank.
There are no planned events during this preliminary market engagement exercise.
Interested parties are to register their interest, forward any introductory information, and return a completed feedback form (optional) via the Bank's Oracle online e-tendering portal by 08/10/2026.
Suppliers who are already registered on the Bank's Oracle Suppliers Portal should log in to view further details of this opportunity and complete the feedback form.
Suppliers who are not already registered on the Bank's Oracle Suppliers Portal should click on the below link and follow the instructions to register as a supplier to gain access to further details of this opportunity and complete the feedback form.
- Today27 Oct 2026
- Tender notice expectedin 79 days14 Jan 2027, 23:59 GMT
- Contract startsin 245 days30 Jun 2027, 00:00 BST
Notice history
1 event · 1 release on Find a Tender- Preliminary market engagement notice published9 Sept 2026, 13:46 BSTUK2
Commercial outcome & contract awards
Pipeline notice- Awards (0)
- No award published
- Contracts (0)
- No contract published
- Bid statistics
- No aggregate bid statistics published
Contracting authority & participating public bodies
Official documents & specifications (1)
Official links; attachments are not copiedNotices published for this procedure
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender