Beautiful Virgin Islands

Tuesday, Jul 01, 2025

Finance Ministry seeking security firm to transport gov’t funds

Finance Ministry seeking security firm to transport gov’t funds

The Ministry of Finance (MOF) is seeking the services of trained personnel within a local competent security company to perform security services for the transportation of government funds.

The trained personnel will transport funds from government revenue collecting stations at ministries and departments on Tortola, Virgin Gorda, Jost Van Dyke, and Anegada, and deposit to designated financial institutions and to the government.

Procurement Coordinator, Ishma Rhymer said proposed works will comprise of providing security transportation daily from Monday to Saturday in accordance with the requirements of the Treasury Department; providing armoured truck services to receive, transport, and deliver government property to the consignee designated by government and financial institutions; provide security services to pick up or receive from designated government revenue stations at ministries and departments; deliver to government and/or financial institutions designated by the government the following: money, currency, coins, negotiable instruments, or other valuables items to deposit.

Good Standing certificates


All eligible bidders are required to submit Certificates of Good Standing in respect of the Social Security and taxes including payroll and property tax from BVI Social Security Board, National Health Insurance, Inland Revenue, and the Commercial Registry.

They must also have a valid trade licence, and a detailed work programme showing the order in which the various sections of works are to be executed along with other documents as outlined in the tender document.

Bidders must present a Tender Bond/Tender Security not less than one percent of the bid price, in the form of a bank guarantee, banker’s draft, certified cheque, or a bond provided by an Insurance Agency.

Failure on the part of the bidder to submit the supporting documentation indicated above will render the tender non-responsive on the date of the opening of tenders.

The bidding documents are available from Monday, January 10, 2022, and will be sent to bidders electronically upon request to procurement@gov.vg with the subject title “Supply of Security Services for the Transportation of Government Funds”.

Interested tenderers should submit one original, three copies, and one flash drive containing the bidder’s documents. The original bid should be placed in a sealed envelope and marked “original”, and the additional copies placed in another sealed envelope and marked “copies”.

Both envelopes should then be placed in an outer envelope marked “Supply of Security Services for the Transportation of Government Funds” and addressed to ‘The Chairman of the Central Tenders Board’.

The deadline for submission of Tenders is 10 am on February 15. A virtual pre-tender meeting is scheduled for January 20 via WebEx due to COVID-19 restrictions.

All prospective tenderers will be notified of the access code and password prior to the meeting. All prospective bidders are invited to attend.

Security contracts issued in recent months


In recent months, there have been three known contracts awarded to security firms by the government. Baltimore Security Services was awarded a contract valued at more than half a million dollars for security services to the two Elmore Stoutt High School (ESHS) Campuses in November. The start and end of the contract were not revealed.

Meanwhile, Top Priority Security Services was also given a retroactive tender waiver to provide contracted services to ESHS valued at $327,360 from July to December 2021. The security company was also awarded back in October $286,845 for transporting government funds; the contract was retroactively awarded nine months after the services began, and the tender process was waived.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
Trump Administration Considers Withdrawal of Funding for Hospitals Providing Gender Treatment to Minors
Texas Enacts Law Allowing Gold and Silver Transactions
China Unveils Miniature Insect-Like Surveillance Drone
OpenAI Secures Multimillion-Dollar AI Contracts with Pentagon, India, and Grab
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Elon Musk Critiques Senate Budget Proposal Over Job Losses and Strategic Risks
Los Angeles Riots ended with Federal Investigations into Funding
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Education Secretary Announces Overhaul of Complaints System Amid Rising Parental Grievances
Massive Anti-Government Protests Erupt in Belgrade
Trump Ends Trade Talks with Canada Over Digital Services Tax
UK Government Softens Welfare Reform Plans Amid Labour Party Rebellion
Labour Faces Rebellion Over Disability Benefit Reforms Ahead of Key Vote
Jeff Bezos and Lauren Sánchez Host Lavish Wedding in Venice Amid Protests
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
North Korea to Open New Beach Resort to Boost Tourism Economy
UK Labour Party Faces Internal Tensions Over Welfare Reforms
Andrew Cuomo Hints at Potential November Comeback Amid Democratic Primary Results
Curtis Sliwa Champions His Vision for New York City Amid Rising Crime Concerns
Federal Reserve Proposes Changes to Capital Rule Affecting Major Banks
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Trump Escalates Criticism of Media Over Iran Strike Coverage
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
Big Four Accounting Firms Fined in Exam Cheating Scandal
NATO Members Agree to 5% Defense Spending Target by 2035
Australia's Star Casino Secures $195 Million Rescue Package Amid Challenges
UK to Enhance Nuclear Capabilities with Acquisition of F-35A Fighter Jets
Russian Shadow Payments via Cryptocurrency Reach $9 Billion
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
×