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Banco Nación Preads Judicates 3.9 Billion-Peso Security Contract to Menem Family Firm

The 24-month security tender remains in limbo pending competitor challenges to the preadjudication

Overview

  • On July 4, Banco Nación published the preadjudication of a 3.933 billion-peso, 24-month security services contract with Tech Security SRL
  • The deal covers private security at Casa Central, Centro de Procesamiento Paralelo, Edificio Maipú, the Funcionario building and Aeroparque Jorge Newbery
  • Martín Menem transferred his 19 quotas in December 2023 to his brothers Eduardo Adrián and Fernando Nicolás, leaving Pablo Ariel Vázquez as the third partner
  • Briefing Security SA secured the secondary lot of the same tender for approximately 237 million pesos
  • The main lot allows for two 12-month renewals, potentially extending the contract to four years