Cash in Transit and Cash Processing Services

Tender description

Translink (Comprising of Citybus Ltd, Northern Ireland Railways Co Ltd and Ulsterbus Ltd) and including Northern Ireland Transport Holding Company (NITHC) (known as ‘The Group’) are seeking to appoint a service provider(s) to provide a Cash in Transit (CIT) service for all Group locations and Cash Processing only for NITHC - meeting all specific requirements at both a management and operational level. The cash collection (including coin, note and cheque lodgements) requirement will vary across the Group with frequencies based on the size of location, seasonality and cash-flow generated. In addition there is a range of lodgement types within the Translink Group which require a tailored collection arrangement as part of the overall CIT service. It is expected that the Service Provider(s) will the provide the following services for the Group as follows:- • collect cash takings from those Translink locations and deliver for processing to the Bank of Ireland Cash Management & Processing Centre, Heron Road Belfast– LOT 1, Or • collect and deliver NITHC deposits to the Service Providers secure cash processing centre – LOT 2. Takings are to be delivered on the same day of collection or next working day basis (subject to the location and agreement with Group). The additional cash handling/processing service applies only to NITHC cash deposits which require takings to be counted and paid into a specified Group bank account within 2 business days from collection. Please note that service providers may apply for Lot 1 and/ or Lot 2. No splitting of lots will be considered. The Group reserve the right to award this requirement as a single contract or two individual contracts. During the contract period the overall service requirement for the Group may be subject to change including but not limited to the collection frequencies, time windows and additional services such as key holding.