Scope
Description
Servicing of Bank of England banknote printing machines to extend lifespan. Contract Value based on current exchange rates.
Contract 1
Supplier
Contract value
- £13,479,891.26 excluding VAT
- £16,175,869.50 including VAT
Above the relevant threshold
Earliest date the contract will be signed
2 July 2025
Contract dates (estimated)
- 3 July 2025 to 3 May 2038
- 12 years, 10 months, 1 day
Main procurement category
Services
CPV classifications
- 50000000 - Repair and maintenance services
Contract locations
- UKH3 - Essex
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
(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
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