The Provision of Cash in Transit Services to the NIBTT (TR1718-007)

The National Insurance Board of Trinidad and Tobago (NIBTT) is a body corporate established by the National Insurance Act, Chap. 32:01. The NIBTT is responsible for the operation and administration of the National Insurance System (NIS) and hereby invites suitably qualified firms to submit proposals for the Provision of Cash-In-Transit Services at sixteen (16) locations of the NIBTT in Trinidad and Tobago for a two-year period.

Collection of Proposal Documents

Proposal Documents will be made available upon payment of a TT$500.00 non-refundable fee, payable at the NIBTT’s Corporate Headquarters, 14-19 Queen’s Park East, Port of Spain

Accepted Methods of Payment

Cash or Certified Cheques are accepted and payable at the aforementioned address, Mondays – Fridays between 8:30 a.m. and 3:00 p.m. local time. The deadline date for payment is January 5th 2018 at 3:00 p.m. local time.

Conditions for Receipt of Proposal Documents

Prior to receiving the proposal package, persons will be required to sign a confidentiality agreement, given the nature of the information contained within the proposal package.

Closure Date
The deadline date for submission of proposals is January 19th 2018 at 4:00 p.m. local time.
 
Evaluation Criteria
Proposals will be evaluated according to pre-defined criteria, which, in summary, are designed to determine:
  • Cost of provision of Cash-In-Transit Services (Hourly rates and Estimated expenses)

  • Approach to provision of Cash-In-Transit Services:
  • Management Approach to provision of services
  • Personnel selection and training approach
  • Financial strength
  • Adequacy of Insurance Coverage

Submission Instructions
Proposals are to be deposited in the appropriately marked tender box located in the lobby at the NIBTT’s Corporate Headquarters, 14-19 Queen’s Park East, Port of Spain and addressed to corporatesecretary@nibtt.net by January 19th 2018 at 4:00 p.m. local time. All other requirements relative to the submission of proposals are outlined in the document.

Should further information be required in respect of this advertisement, queries may be directed as follows:


The Manager Procurement
National Insurance Board of Trindad and Tobago
14-19 Queen’s Park East, Port of Spain
rramrattan@nibtt.net

 

 

 

 

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National Insurance Board of Trinidad and Tobago (NIBTT)