Tender Title: Supply of Safes (V2) as per IS 550

Reference Number: GEM/2025/B/6121330

Issuing Authority:

Department: Ministry of Finance
Sector: Banking Sector

Scope of Work and Objectives:

The Ministry of Finance invites bids for the procurement of Safes (V2) in compliance with IS 550 standards. The objective is to supply a total of five safes that meet all necessary safety, security, and quality specifications to enhance the security infrastructure in the banking sector. Bidders are expected to provide detailed specifications, compliance documents, and any additional information that supports the quality and technical standards set forth by the Ministry.

Eligibility Criteria:

To be eligible for this tender, bidders must meet the following eligibility requirements:

• Must be a registered entity under the relevant governmental policies.
• Have previous experience in supplying safes or related products to government or private sector entities.
• Compliance with quality and safety standards as detailed in IS 550.
• Ability to provide necessary certifications that demonstrate adherence to applicable regulations.

Technical Requirements:

The supplied safes must conform to the technical specifications outlined in the IS 550 standards. This includes:

• Required safety features and materials.
• Specific design parameters that meet industry benchmarks.
• Any additional technical specifications provided by the issuing authority must be met.

Financial Requirements:

Bidders are required to submit a detailed financial proposal, including all applicable costs and taxes. The total bid price should also include provisions for any logistical costs associated with the delivery of the safes. Bidders must adhere to the financial guidelines provided in the tender documents.

Document Submission Details:

All bids must be submitted electronically through the designated platform. Bidders are required to attach the following documents:

• Technical proposal detailing compliance with the required specifications.
• Financial proposal including total bid price and any additional costs.
• Required certifications as proof of eligibility and compliance.

Special Provisions:

The Ministry of Finance encourages participation from Micro, Small and Medium Enterprises (MSEs) and welcomes expressions of interest from startups. Special benefits and considerations will be extended to qualified MSEs as part of the government initiative to promote local businesses and encourage entrepreneurship.

Evaluation Process:

The evaluation of bids will be undertaken on several criteria including:

• Compliance with technical specifications.
• Financial bid assessment based on price competitiveness.
• Experience and capability of the bidder to deliver the product as per the requirements.

Delivery Locations:

Successful bidders will be notified of the specific delivery locations designated by the Ministry of Finance. All safes must be delivered in compliance with the specified timelines and conditions.

Contact Information:

For any queries regarding this tender, interested parties may refer to the official ministry contact channels provided on the tender submission platform. It is advisable to use the official communication methods for any clarifications needed.