Tender Title: Cash In Transit Service

Tender Reference Number: GEM/2025/B/6159239
Issuing Authority: Department of Financial Services, Ministry of Finance

The Cash In Transit Service is a procurement opportunity aimed at securing reliable transport solutions for cash and valuable assets, essential for various financial institutions and businesses that require secure transit services. The primary objective of this tender is to establish a service that ensures the safe, timely, and efficient transportation of cash in air-conditioned vehicles by trained professional drivers, adhering to stringent safety and operational standards.

Scope of Work and Objectives:

The selected service provider will be responsible for the following:

• Providing cash transit services for a variety of business needs including banks, ATMs, and various business outlets.
• Ensuring vehicles are equipped with necessary safety and security measures.
• Employing qualified drivers who are trained in handling cash securely.

The provider will guarantee that all operations uphold high standards of professionalism and security.

Eligibility Criteria:

Bidders must meet specific qualifications to participate in this tender. Eligible participants include registered entities with proven experience in security transport services. Proof of prior successful service contracts and references are mandatory.

Technical Requirements:

Proposals must demonstrate adherence to the following technical specifications:

• Air-conditioned vehicles that meet the necessary safety requirements.
• Drivers must possess valid licenses and undergo background checks.
• The service should comply with all local regulatory requirements regarding cash transport.

Financial Requirements:

Bidders are required to provide transparent financial statements, demonstrating the capability to manage the probable financial flow involved in cash transport operations.

Document Submission Details:

Interested parties must prepare the following documents for submission:

• Technical proposal detailing operational capabilities.
• Financial proposal including quoted rates for service.
• All relevant certificates of compliance, licenses, and insurance documentation.

Proposals should be submitted electronically via the designated procurement platform as specified in the tender documentation.

Special Provisions:

In alignment with promoting the government's commitment to inclusivity, special provisions are available for Micro, Small, and Medium Enterprises (MSEs) and Startups, providing them with opportunities for participation and preference in this tender process.

Evaluation Process:

Proposals will be evaluated based on predefined criteria including technical capabilities, financial feasibility, and compliance with service specifications.

The evaluation committee will consider:

• Adherence to upcoming cash transport regulations.
• Financial soundness and growth potential of the firm.

Delivery Locations:

Services will be rendered primarily across the designated geographic areas as defined in the tender documentation.

Contact Information:

For further inquiries, bidders may refer to the Department of Financial Services under the Ministry of Finance for additional guidance on the tender submission process.