Tender Title: Cash In Transit Service
Reference Number: GEM/2025/B/6168676
Issuing Authority: Department of Financial Services, Ministry of Finance

Scope of Work and Objectives

The objective of this tender is to procure Cash In Transit Services which are essential for securely transporting cash between various locations. The scope of work encompasses the provision of dedicated vehicles, drivers, and all necessary equipment to ensure the safe transit of cash. This will include services for three different capacities: 4500 kg, 3000 kg, and 2500 kg. All vehicles must be air-conditioned and operated by qualified personnel to maintain the integrity and security of the cargo.

Eligibility Criteria

To be eligible for participation in this tender, bidders must meet the following eligibility criteria:

• Must be a registered entity capable of providing cash in transit services.
• Demonstrated experience in handling and transporting cash securely.
• Compliance with local laws and regulations related to cash transportation.

Technical Requirements

Bidders must fulfill specific technical requirements, which include:

• Vehicles with necessary certifications for cash transport.
• Drivers trained and certified for cash handling and emergency protocols.
• Availability of tracking systems for real-time monitoring of cash transits.

Financial Requirements

As part of the financial requirements, bidders are required to submit:

• Financial statements for the past two financial years.
• Proof of insurance coverage specific to cash transport.
• An Earnest Money Deposit (EMD), details of which will be provided in the documentation.

Document Submission Details

All documents must be submitted electronically through the designated tender platform. Bidders need to ensure that all required documents are uploaded before the submission deadline, adhering strictly to the prescribed formats.

Special Provisions

This tender includes special provisions for Micro, Small, and Medium Enterprises (MSEs) and startups, offering benefits such as relaxed eligibility criteria and financial support mechanisms. This initiative encourages local businesses to participate actively in government tenders.

Evaluation Process

The evaluation process will assess the proposals based on compliance with technical specifications, financial viability, and past performance in similar contracts. A detailed scoring system will be employed to ensure transparency and fairness in the selection process.

Delivery Locations

The delivery and transport services will cover specified locations determined by the Department of Financial Services. Bidders should ensure that they are equipped to operate within these regions.

Contact Information

For further inquiries, bidders may reach out to the Department of Financial Services through the official communication channels provided on the tender platform. This ensures that all prospective bidders have access to the necessary support and guidance throughout the process.