Security Services for National Institute of Banking and Finance Pakistan

The National Institute of Banking and Finance Pakistan (NIBAF Pakistan), located in Islamabad, is procuring comprehensive security services to safeguard its premises and installations in Islamabad and Karachi. This procurement covers armed security guards, lady search services, and supervision services to be provided 24/7 at multiple service points including NIBAF's main locations in Islamabad and Karachi. The scope includes maintaining duty registers, gate pass registers, access control, visitor engagement, baggage and vehicle checks, and parking management. The service provider must ensure all security personnel are physically and mentally fit, well-trained, literate up to secondary level, and properly uniformed. The contract includes a three-month probationary period to assess performance, with strict compliance to labor laws and regulatory requirements. The bidder must be registered with the FBR's Active Taxpayers List, hold a valid business license for security services in Islamabad and Karachi, be a member of the All Pakistan Security Agencies Association (APSAA), and have at least 10 years of experience with contracts totaling Rs. 10 million annually over the last three years. The bidder must also be enlisted on the Pakistan Bank's Association panel and submit an affidavit confirming no blacklisting or sanctions. The bid security is Rs. 200,000, and bids must be submitted electronically via EPADS by May 14, 2026, 11:00 AM PST, with bid opening at 11:30 AM the same day. Original bid security must be delivered to NIBAF's Facility Management Division in Islamabad before the deadline. The contract duration is 12 months, renewable for two additional years on mutual consent. A performance guarantee of 5% of the contract amount is required. Bidders should carefully prepare technical and financial bids, ensuring compliance with all terms and conditions. A practical tip for bidders is to ensure timely submission of original bid security to avoid disqualification, as electronic submission alone is insufficient. This tender offers a significant opportunity for experienced security service providers to engage with a prestigious financial institution under clear regulatory and contractual frameworks.