Official UK procurement notice
Banknote Supply and Services Agreement
Authority: BANK OF ENGLAND
What is being bought
Published requirement descriptionThis 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.
- How the procedure runs: The procedure comprises: Stage 1 - Requiring a response to the Conditions of Participation Stage 2 - Initial tender responses from all suppliers that satisfy the Conditions of Participation will be evaluated Stage 3 - Negotiation of Stage 2 proposals Stage 4 - The Bank will issue an invitation for Best And Final Offers (BAFO) and request submission of final tender responses All suppliers that are not otherwise excluded will be entitled to participate in negotiation and submit BAFO.
- No preliminary market engagement: 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.
CPV: Banknote printing services · Banknotes
The lotProcurement structure
single lot · value publishedLot #1RenewalPublished value£750,000,000
- Technical & professional ability
In summary, the conditions of participation address the following;
- Core Supplier Information
- Associated Persons
- Debarment (including proposed sub-contractors)
- Financial Capacity
- Insurance Requirements
- Technical Ability
- Security
- Carbon Reduction
- Health & Safety
- Prompt Payment
- Modern Slavery
- Quality Assurance
- Equality & Diversity
- Business Continuity
- ESG
- Bribery Act 2010
All 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.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (2)
- Quality Requirements: 55%
- Pricing Requirements: 45%
Published award criteria (2)
- Quality Requirements
- Pricing Requirements
- Technical & professional ability
In summary, the conditions of participation address the following;
- Core Supplier Information
- Associated Persons
- Debarment (including proposed sub-contractors)
- Financial Capacity
- Insurance Requirements
- Technical Ability
- Security
- Carbon Reduction
- Health & Safety
- Prompt Payment
- Modern Slavery
- Quality Assurance
- Equality & Diversity
- Business Continuity
- ESG
- Bribery Act 2010
All 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.
- Price carries 45 of 100 points: a 10% discount moves about 4.5 points. Quality carries 55 of 100: the paper moves it further than the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Competitive flexible procedure
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Closed
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA, CPTPP)
- Recurring procurement
- Unspecified in notice
- First published
- 15 Dec 2025, 16:42 GMT
- Last source update
- 19 Jan 2026, 08:52 GMT
- Award evaluation window
- Submission end – 1 Apr 2027
- Authority reference
PROC/033- FTS notice number
2026/S 000-004172- Latest notice
- Tender notice (UK4)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-05f615Find a Tender- Contract terms summary
Payment terms in line with the contract provided as part of the associated tender documents.
- How it runs
The procedure comprises:
Stage 1 - Requiring a response to the Conditions of Participation
Stage 2 - Initial tender responses from all suppliers that satisfy the Conditions of Participation will be evaluated
Stage 3 - Negotiation of Stage 2 proposals
Stage 4 - The Bank will issue an invitation for Best And Final Offers (BAFO) and request submission of final tender responses
All suppliers that are not otherwise excluded will be entitled to participate in negotiation and submit BAFO.
- Risks
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.
However, 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
How it was run
Official notice- Requests to participate (first stage)
- 20 Feb 2026, 12:00 GMT
- Submission deadline
- 20 Feb 2026, 12:00 GMT
- Clarification deadline
- 6 Feb 2026, 16:00 GMT
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
- Accepted languages
- en
Submission of responses to the Procurement Specific Questionnaire must be via the Bank's procurement portal Proactis at this address: supplierlive.proactisp2p.com/Account/Login ↗
Timeline
15 Dec 2025 → 1 Mar 2028 · 7 dates- Planning notice published316 days ago15 Dec 2025, 16:42 GMT
- Tender notice published281 days ago19 Jan 2026, 08:52 GMT
- Next notice expected280 days ago19 Jan 2026, 23:59 GMT
- Clarification questions by263 days ago6 Feb 2026, 16:00 GMT
- Submission deadline249 days ago20 Feb 2026, 12:00 GMT
- Today27 Oct 2026
- Award decision expected byin 156 days1 Apr 2027, 23:59 BST
- Contract starts1 Mar 2028
Notice history
4 events · 2 releases on Find a Tender · since 15 Dec 2025- Pipeline notice published15 Dec 2025, 16:42 GMTUK1
- Tender notice published19 Jan 2026, 08:52 GMTUK4
- Status changed to active19 Jan 2026, 08:52 GMT
- Procurement method changed19 Jan 2026, 08:52 GMT
Contracting authority & participating public bodies
Official documents & specifications (3)
Official links; attachments are not copiedTender pack and attachments
- Bidding documents and specificationsAccess: 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. Interested suppliers should email [email protected] with 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. Once the NDA is signed the following documents are being provided for the first stage of the procurement and will be available on the Bank's Procurement portal Proactis. - Procurement Specific Questionnaire - Instructions to Suppliers - Supplier Code of Practice -Background and Context Document -Draft and redacted Contract The 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: - Draft Contract Terms - Invitation to Tender - Price Schedule Documents are/will be provided on the Bank of England's Procurement portal: https://supplierlive.proactisp2p.com/ Certain documents, due to their sensitive nature, will only be made available from Stage 2 onwards for viewing on Bank premises.
Notices published for this procedure
- Tender notice Tender notice on Find a Tender
- Pipeline notice Pipeline notice on Find a Tender