Procuring Security Services in Singapore (A B2B Procurement Guide)
Even with the advent of security systems such as CCTVs coupled with video analytics, many organizations still require “boots on the ground” to enforce security on their premises. There are more than 30,000 approved active Security Officers in Singapore from about 250 approved Security Agencies to meet such needs. Before procuring a security service contract for your organization or business, it pays to know what to ask for and what to consider when you are sourcing for security services.
Security Services in Singapore
There are about 250 approved Security Agencies in Singapore. If you were to ask for a proposal from them, you would most likely get widely differing proposals. In general, we encourage companies to know what they need before seeking quotations as this ensures you pay for only what you need, and it also allows you to obtain quotations that you can fairly compare since they are for the same set of requirements.
Considerations for general security services
Some key specifications that you should think about when looking for security services, include:
- Locations and Operating Hours
- Scope of Work
- Manpower and Logging
- Attire and Appearance
- Armed vs Unarmed
Some other considerations that you should also think about are:
- Contract Duration
- Reporting Requirements
- Track Record
- Site Survey
- Validity of Proposal
- Payment Terms
- Liquidated Damages
To help you understand these considerations in greater detail, we have prepared a document, “SECURITY SERVICES CONTRACT - SPECIFICATIONS CONSIDERATIONS” for you that you can download below.
Bear in mind that in general, the more you require of the company, the higher the price would go.
If you’re looking for general security services today, TenderBoard’s marketplace platform can manage this sourcing for you to ensure that you cover the bases as well as get the best deals with reputable companies competing for your business.
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