Description
The State of Arkansas is seeking bids for armored car services to provide daily pickup of funds to be transported and deposited securely to a monitored facility designated by the Department. The initial term of the contract will be for three years, with the option to renew for up to four additional one-year terms. The contractor will be responsible for providing licensed and armed security guards, maintaining a maximum liability amount of at least $250,000, and delivering funds to the Cash Vault on the same banking day that funds are received. The contractor will also be required to provide proof of deposit upon request and be responsible for all reasonable investigative fees associated with allegations of theft or loss.
Some key requirements include:
• Providing service daily, Monday through Friday, between 11 a.m. and 4 p.m. CST, excluding State observed holidays
• Assigning a single primary account representative within ten business days of the contract start date
• Minimizing stop times to eight minutes or less
• Providing distinctive and appropriate uniforms for armored car staff
• Maintaining reconstruction of Checks Insurance, or comparable insurance at no less than $10,000 per shipment
• Delivering funds to the Cash Vault, a secured, monitored facility that is designated by the Department’s bank, on the same banking day that funds are received