THE National Infrastructure Development Company Limited (NIDCO) has issued a warning to the public regarding fraudulent activities purportedly carried out in its name.
As the entity responsible for procuring goods, services, and works on behalf of the Government of Trinidad and Tobago, NIDCO is committed to executing its procurement activities in a transparent, ethical, and effective manner, a release stated on Wednesday.
NIDCO outlined several key points to safeguard against potential scams:
- Contract Signing Procedures: NIDCO clarified that the signing of contracts for its projects exclusively occurs in person within its offices, under the supervision of a representative from the Legal Department. Any contract signings conducted outside of NIDCO’s offices are deemed fraudulent and unauthorized.
- Cheque Collection Protocol: The collection of cheques is similarly restricted to NIDCO’s offices, overseen by a representative from the Finance Department. Any attempt to collect cheques outside of NIDCO’s premises by individuals claiming to be NIDCO officers or agents is fraudulent and unauthorized.
- Issuance of Cheques: NIDCO emphasised that the Ministry of Works and Transport does not issue cheques directly to contractors or suppliers on its behalf. Any issuance of cheques purportedly by the Ministry of Works and Transport to contractors on NIDCO’s behalf is fraudulent and unauthorised.
- Project Tender Notices: NIDCO stated that when projects are ready for execution, the company informs the public through the issuance of public tenders. These tenders are published on NIDCO’s website and in national newspapers.
