Tender Description for Cash In Transit Service - 147bdf524
The Cash In Transit Service tender, referenced as 147bdf524, is issued by the Department of Financial Services under the Ministry of Finance. This tender aims to engage bidders to provide comprehensive cash-in-transit services, encompassing safe and timely transportation of cash.
Scope of Work
The successful bidder will be responsible for efficiently managing the transport of cash in an air-conditioned vehicle, ensuring compliance with the applicable security protocols. The scope includes, but is not limited to:
- Transportation of cash between specified locations.
- Employing qualified and trained drivers to handle cash securely.
- Ensuring adherence to related safety and security standards during transit.
- Maintaining a detailed log of cash movements and incident reporting.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
7 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- Additional Doc 1 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
- the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
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Frequently Asked Questions
The eligibility requirements for this tender include the necessity for the bidder to be a registered entity with relevant licenses, proven experience in cash transport operations, and possession of vehicles that meet specified safety standards. Additionally, appropriate training and certification for drivers must be verified.
Interested bidders must provide several required certificates, including, but not limited to, a valid vehicle registration, driver licenses, insurance certificates, and any compliance certificates demonstrating adherence to safety and financial regulations. Failure to submit these documents may result in disqualification.
The registration process involves creating an account on the e-marketplace platform, followed by the completion of the necessary forms and submission of required documents. Bidders must ensure all information is accurate and up-to-date as this information will be crucial during the evaluation of bids.
Bidders must comply with performance security requirements, often set as a percentage of the total contract value. This security must be pledged to ensure fulfillment of the contract obligations and provide a financial safeguard to the tendering authority against non-performance.
Yes, compliance with several regulations is essential for the cash transport service. Bidders must adhere to industry standards pertaining to the technical specifications, security protocols, and quality standards necessary for effective operational execution. Regular audits and inspections may be mandated to ensure continuous compliance.
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