Furniture and manufacturing in the United Kingdom is bigger than many people think. Findings reported by the Furniture Industry Research Association (FIRA) revealed that the total combined turnover of furniture, furnishings and specialist retail was more than £41 billion in 2022, and employed nearly 300,000 people.
Similarly, the number of enterprises in the furniture sector has steadily been increasing, from 6,378 in 2018 to 6,857 in 2021. Overall, spending in this industry has been steadily on the rise, improving manufacturing turnover by 10% between 2021 and 2022.
Such a lucrative and highly competitive sector would require vendors and suppliers to offer a first-class service when winning proposals for bank furniture tenders. By providing high-quality and durable furniture for banks, service vendors, retailers and furniture manufacturers can take advantage of the opportunities available in the banking sector.
The purpose of this Supplier Pre-Qualification Questionnaire is to identify and register suppliers possessing exceptional experience, capabilities and capacity to assist the National Numeracy Programme to achieve its national scale-up. MM would like to pre-qualify capable vendors to supply goods and services in various categories (See Appendix 1 for full…
This service is for the cleaning and associated services contract for services across the corporate estate – Tower Hamlets Homes has joined London Borough of Tower Hamlets for this procurement and their requirements and spend are incorporated into this tender. The contract will provide cleaning and related services to the…
Regular maintenance services for British Embassy in Sofia, Bulgaria offices, residential properties; and additional services as per requirements.
This service is for the cleaning and associated services contract for services across the corporate estate – Tower Hamlets Homes has joined London Borough of Tower Hamlets for this procurement and their requirements and spend are incorporated into this tender. The contract will provide cleaning and related services to the…
This tender relates to the procurement of an experienced FF&E library design consultant to lead on public design consultation and provide FF&E design services (RIBA 3-6) for the specified location.
As a specialised furniture vendor and solutions provider, you play an important role in creating a secure, functional and welcoming banking environment for all customers and employees.
Bank furniture tenders are more than customer seating solutions for banks, they incorporate the importance of incorporating security features in bank furniture, offering a simple, yet stylish solution for new and renovated bank branches, and delivering services and products that are value for money.
With Tracker Intelligence (TI) we’ve built a credible and lasting track record of understanding and succeeding in bank furniture tenders.
Our expertise is to ensure that furniture vendors have access to credible and reliable resources that can help them succeed in winning bank furniture tenders, leveraging new business opportunities and becoming compliant business partners with some of the UK’s biggest and most respected financial institutions.
There’s more than what meets the eye with bank furniture tenders. Depending on the scope of the project, each tender will be different, requiring vendors to align their expertise with the requirements of the bank.
Despite the importance of the Internet in the banking sector, in-person tellers are an important component of banks. Ergonomic furniture solutions for bank tellers can provide them with a comfortable and relaxing setting throughout their working day. These furnishings may include office chairs, office desks, and any other high-quality office furniture that can help contribute towards a productive working environment.
Another type of tender vendors may come across is customer seating, which encompasses the design, production and supply of all customer-related seating throughout the bank. This may include chairs, couches, tables or any similar seating solutions. Besides the office space, some private and government tenders may request office furniture and equipment that can provide storage such as shelves, and help create a welcoming workplace.
Banks need to be equipped with the best and most advanced security features to ensure the safety of all customers and their deposits. As a vendor, you must align business expertise with bank requirements and ensure the delivery of high-quality security features and furniture solutions as requested by the bank.
These are only a handful of the different types of bank furniture tenders that vendors can apply for.
With Tracker Intelligence, we’re focused on delivering a high-end tender and contract proposal service. When applying for bank furniture tenders, service providers must consider the following evaluation criteria:
Product Quality: Banks are looking for a product that’s both high-end and provides a touch of sophistication.
Durability: Wear and tear may be common, however, vendors should ensure their products withstand the toughest of challenges and minimise the need for recurring maintenance or replacement.
Security Standard Compliance: There are strict security standards compliance relating to the furnishing of banks. Vendors should already have a keen understanding of these protocols and incorporate these elements along with their designs.
Design Aesthetics: Furniture produced and supplied needs to fit in with the applicable interior design of the bank. Depending on the scope of the tender, some banks may require an update on existing furniture to make it look more modern, or simply request an overhaul of all interior pieces.
Next in the tender process is putting together a winning proposal.
Vendors with previous bank furniture contract experience can include these project details in their proposal. Those without the exact relevant experience can include the necessary expertise and skills, including previous projects they’ve completed. As a guide, case studies can be used to help support your proposal.
Not all bank furniture contracts are the same, and some require a unique set of skills and expertise to be completed. As a vendor and supplier, you need to outline your specific expertise in banking furniture, which may include ergonomic teller stations, secure cash drawers, ADA-compliant customer seating, or any other relevant skills.
Designing and manufacturing new furniture is only one part of the process, delivering a product that is durable and constructed using fire-resistant materials that meet bank security regulations can help promote your proposal.
Each bank and even each branch will require a unique professional atmosphere that is both welcoming and relaxing. In some instances, banks may already have a blueprint for the type of design and style they’re looking for, and it’s in the best interest of suppliers to align their design expertise with these requirements for successful proposal outcomes.
Having a competitive pricing strategy would mean that a vendor can potentially provide a service at a lower price point compared to their nearest competitor. Using historic pricing strategies and available market data will help put together a more comprehensive pricing strategy that is more economically advantageous and provides value for money.
Consider taking additional measures to improve your chances of winning bank furniture tenders.
Provide Additional Resources: Include supporting resources, such as best practices or tender presentation along with your proposal.
Effective Communication: Make sure to provide clear, efficient and straightforward client communication at all times.
Highlight Certifications: Include certifications that you and your team hold to help demonstrate your commitment to quality and safety.
Emphasise your Ability to Customise Furniture: Offer a unique solution that’s customisable and meets your specific bank branch needs.
Use Testimonials: Where applicable, showcase satisfactory customer testimonials from previous bank furniture projects.
Set up your business for success this year and partner with a company that you can trust for bank furniture tenders. Multiple bank branch furniture suppliers have found success with Tracker Intelligence and now your business can do the same.
Ready to take advantage of the ever-growing bank furniture manufacturing and supply sector? Let us help you find the right tender for your business, and with the right resources and a team of experienced individuals by your side, you can likely improve your chances of taking better advantage of the banking and furniture industry, and helping your business grow.
Our Brands
