Disposal of Shredded Waste Material of Currency Notes at SBP BSC Faisalabad

This tender invites bids for the disposal of shredded waste material of currency notes at the SBP Banking Services Corporation Faisalabad Office, Punjab. The department requires a contractor to manage the collection, packing, sealing, weighing, and removal of approximately 1,506,000 kilograms of shredded currency waste annually, with a possible 15% variation in quantity. The contractor must provide quality bags, plastic seals or jute twine, vehicles, and laborers to ensure timely disposal within seven working days of notification. The work involves careful handling and security compliance at the SBP Faisalabad premises to maintain safety and confidentiality. The scope includes daily packing of shredded waste, loading in the presence of bank officials, and safe transportation. The contractor is responsible for all costs related to packing and lifting, ensuring no damage to bank property or personnel. The site is located at M.A. Jinnah Road, Faisalabad, requiring coordination with bank representatives and adherence to security protocols. The contract duration is one year, extendable for two additional years on the same terms. Bidders must be registered with tax authorities, appear on the FBR Active Taxpayers List, and not be blacklisted or sanctioned by any authority including NACTA. A security deposit of Rs. 200,000 is mandatory with the technical bid, and a performance guarantee of Rs. 500,000 is required upon award. Compliance with PEC and FBR regulations for the 2025-26 financial year is essential. The contract price is fixed but subject to adjustments for changes in indirect taxes during the contract period. Submission deadline is on the 31st of March 2026 at 11:00 AM, with bid opening at 11:30 AM on the same day at the SBP BSC Faisalabad office. Bids must be submitted in sealed envelopes to the PA to Chief Manager, 2nd Floor, Tower Block, SBP BSC Faisalabad. The bank encourages attendance at the pre-bid meeting scheduled for 25th March 2026 at 11:30 AM. Pro-Tip: Ensure your bid includes the correct security deposit and all required technical and financial documents as incomplete bids will be rejected. Also, verify the latest addenda on the SBP website to avoid missing critical amendments. Pay close attention to the advance tax submission requirements before lifting the waste to avoid disqualification.