United Kingdom757 days leftOpen

Banknote Supply and Services Agreement

Tender Overview

ORGANIZATION

BANK OF ENGLAND

LOCATION

Essex, United Kingdom

VALUE

£900,000,000

DEADLINE

March 01, 2028 at 00:00

CATEGORY

Other

CPV CODE

22430000

REFERENCE

004172-2026

Project Timeline

Contact Information

View Original

Original Tender 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 . The 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's secure printing facility. Further details in relation to the services are set out in the associated tender documents. The 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.
⚠️

MANDATORY EXCLUSION GROUNDS

  • Mandatory exclusion grounds are not explicitly detailed in the provided summaries.

ELIGIBILITY REQUIREMENTS

  • Be a supplier capable of providing the future supply of Banknotes and related services.
  • Be able to support the Bank of England in fulfilling its core responsibility of issuing secure Banknotes.
  • Be able to operate from the Bank's secure printing facility at Debden.
  • Participate in a competitive flexible procedure in accordance with section 20(1) and (2)(b) of the PA 2023.
🔧

TECHNICAL CAPABILITY REQUIREMENTS

  • Demonstrate robust technical capabilities for banknote supply and related services.
  • Demonstrate robust security capabilities relevant to banknote production and supply.
  • Demonstrate robust environmental capabilities.
  • Possess the capability to accommodate future Banknote designs under the contract.
💰

FINANCIAL REQUIREMENTS

  • Demonstrate robust financial capabilities to undertake a high-value, long-term contract with an estimated value of £750M-£900M (or 900M EUR) over 120 months.
📋

SUBMISSION REQUIREMENTS

  • Submit a bid by the deadline: 2028-03-01T00:00:00+00:00.
  • Adhere to the competitive flexible procedure.
  • Consult the associated tender documents for further details on services and complete submission instructions.

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DOC
OCDS Record
OCDS Data004172-2026_ocds_record.json
Summary:
This OCDS record provides structured data outlining the Bank of England's planned tender for the future supply of banknotes, including initial notice details and contracting authority information.
DOC
OCDS Release Package
OCDS Data004172-2026_ocds_release.json
Summary:
This OCDS Release Package provides structured, machine-readable data detailing the Bank of England's restricted tender for the future supply of banknotes, including buyer information and the tender's initiation.
PDF
Official PDF Version
General Information004172-2026_official.pdf
Summary:
This tender notice from the Bank of England seeks suppliers for a long-term, high-value contract (up to £900M) for banknote supply and related services, requiring robust financial, technical, security, and environmental capabilities.
HTM
Tender Notice
Administrative Documents004172-2026.html
Summary:
The Bank of England is seeking a supplier for a long-term contract (estimated £750M-£900M, 2028-2038 with extensions) to provide banknote supply and services from its Debden facility through a competitive flexible procedure.

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62
Good

Tender Quality Score

This tender for banknote supply demonstrates good data consistency and legal framework adherence but suffers from significant clarity and fairness issues due to missing evaluation criteria and a highly restrictive operational requirement.

Score Breakdown

Legal Compliance75/100

The tender clearly references the PA 2023 and defines the procedure type. CPV codes are assigned, and no disputes are reported. However, the absence of a clear reveal date impacts transparency, and mandatory exclusion grounds are not detailed in the summary, which could be a compliance gap if not fully elaborated in the full documents.

Missing reveal date (impacts transparency)
Mandatory exclusion grounds not explicitly detailed in summary
Clarity60/100

The description and AI-extracted requirements are generally clear and specific regarding the scope and technical needs. However, the critical absence of specified evaluation criteria makes it impossible for potential bidders to understand how their proposals will be assessed, severely impacting overall clarity.

No evaluation criteria specified
Completeness65/100

Most basic information, financial details, timeline, and classification are present. Documents are available. However, the tender is significantly incomplete due to the lack of specified evaluation criteria, which is essential for a comprehensive tender package.

No evaluation criteria specified
Fairness40/100

While the value is disclosed and documents are available, the requirement to 'Be able to operate from the Bank's secure printing facility at Debden' is highly restrictive and strongly suggests tailoring to an incumbent or a very limited number of specialized suppliers. The absence of objective and transparent evaluation criteria further undermines fairness.

Highly restrictive requirement ('operate from Debden') potentially tailoring the tender
No evaluation criteria specified
Practicality55/100

The contract duration and start date are clear, and financing information is available. However, the lack of electronic submission support is a significant practical drawback in modern procurement, potentially increasing administrative burden for bidders. Document URLs are not explicitly provided in the summary.

No electronic submission supported
Document URLs not explicitly provided in summary
Data Consistency90/100

All key fields are populated, and the data appears consistent across the provided information. There are no reported suspensions or disputes, and dates are logical.

Sustainability35/100

The tender includes a technical requirement to 'Demonstrate robust environmental capabilities,' which is positive. However, it is explicitly flagged as 'Not green procurement,' 'No social criteria,' and 'No innovation focus' in the automated checks, indicating a lack of broader sustainability integration into the procurement strategy or evaluation.

No explicit green procurement focus
No social criteria

Strengths

Clear legal basis (PA 2023) and procedure type
Well-defined scope and technical requirements
High data consistency and logical dates
Value disclosed and documents available

Concerns

Absence of evaluation criteria (critical)
Highly restrictive operational requirement ('operate from Debden')
Lack of electronic submission support
Limited sustainability and social focus
Missing tender reveal date

Recommendations

1. Publish detailed and objective evaluation criteria to ensure transparency and fairness.
2. Review the necessity and impact of the 'operate from Debden' requirement on competition.
3. Implement electronic submission capabilities to modernize the process and reduce bidder burden.

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Tender Quality Score
62/ 100 · Good

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