Scope
Description
Servicing of Bank of England banknote printing machines to extend lifespan. Contract Value based on exchange rates at time of award.
Contract 1
Supplier
Contract value
- £13,479,891.26 excluding VAT
- £16,175,869.50 including VAT
Above the relevant threshold
Date signed
29 July 2025
Contract dates
- 29 July 2026 to 3 May 2038
- 11 years, 9 months, 6 days
Main procurement category
Services
CPV classifications
- 50000000 - Repair and maintenance services
Contract locations
- UKH3 - Essex
Key performance indicators
| Name | Reporting frequency |
|---|---|
| Completion | 12 months |
| Health Checks | 12 months |
| Warranty | 12 months |
Signed contract documents
Banknote Machinery Overhual Redacted 0403.pdf
Redacted Contract - In line with s94(3) this contract has been redacted to remove information the contracting authority has deemed to be commercially sensitive under s94(1)(b).
Other information
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Direct award
Direct award justification
- Single supplier - intellectual property or exclusive rights
- Single supplier - technical reasons
Single supplier - intellectual property or exclusive rights
Single supplier - technical reasons
(a)due to the supplier having intellectual property rights or other exclusive rights, only that supplier can supply the goods, services or works required, and
(b)there are no reasonable alternatives to those goods, services or works.
Single Supplier - technical reasons
(a) there is an absence of competition for technical reasons
(b) there are no reasonable alternatives to those services which need to be supplied
Supplier
Komori Corporation
- Public Procurement Organisation Number: PXRR-4255-LDLJ
11-1, Azumabashi 3-chome, Sumida-ku
Tokyo
130-8666
Japan
Email: info@komori.co.uk
Website: https://www.komori.com/en/global/
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1
Contracting authority
BANK OF ENGLAND
- Companies House: RC000042
- Public Procurement Organisation Number: PRDB-1113-HPPT
Threadneedle Street
London
EC2R 8AH
United Kingdom
Region: UKI31 - Camden and City of London
Organisation type: Public authority - central government