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Cash collection and Cash in transit Services

Transport for London · Public undertaking

In brief

Transport for London has announced plans to buy security and financial services work. This is an early notice: there is nothing to bid on yet, but it tells you a tender may follow.

The estimated value is £2,000,000 excluding VAT.

The contract runs for 4 years, starting 30 April 2027.

The buyer says it is suitable for small and medium-sized businesses.

Built from the notice's own fields. Always check the official notice before you bid.

Can I win this?

Competition

Usually low: a median of 2 bids per contract for this buyer (from 72 awards in the last 12 months).

Dynamic purchasing system

Suppliers join a list the buyer can call on. You can usually apply at any time while it is open, and work is awarded later through smaller competitions between members.

What the notice says

Transport for London (TfL) is conducting a market engagement exercise by way of a Market Sounding Questionnaire for its cash collection and cash in transit services. TfL accepts cash for either travel ticket and/or Oyster card purchase/top up at London Underground stations, via DLR ticket machines, at several bus stations and five (station based) Visitor Centres. This cash needs to be collected and deposited to TfL's banking contractor within specified time windows. There are just under 300 London Underground stations, locations in Greater London, Essex and Hertfordshire DLR stations, and around 50 locations at DLR stations bus stations and Visitor Centres. The services are expected to support the safe handling, transportation, and management of cash generated from operational activities. In order to obtain a copy of the Market Sounding Questionnaire please reach out to Annohbrobbey@tfl.gov.uk.

How to bid

  1. Read the full notice on Find a Tender, including any tender documents it links to.
  2. Register your organisation on the Central Digital Platform (through Find a Tender) if you have not already. Suppliers need to be registered to take part in procurements under the Procurement Act 2023.
  3. Follow the submission instructions in the notice; it does not name an e-tendering portal.

Timeline

  1. Pipeline notice · UK1, notice 044662-2026
  2. Preliminary market engagement notice · UK2, notice 055667-2026

About the buyer

Transport for LondonLast 12 months

Procurements

377

Awards

150

Suppliers it has used most for security

All tenders and awards from Transport for London

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From notice 044662-2026 on Find a Tender, first published 14 May 2026, last updated 12 June 2026. We last checked for changes on 28 September 2026.