Tender Title: Safes (V2) as per IS 550
Reference Number: GEM/2025/B/6158046
Issuing Authority/Department: Ministry of Finance, Banking Sector

Scope of Work and Objectives

This tender aims to procure a total of 14 safes that meet the specific standards outlined in IS 550. The objective is to ensure the secure storage of valuables and sensitive documents within the banking sector. These safes must comply with technical specifications set by relevant authorities to guarantee optimal security features and durability.

Eligibility Criteria

To participate in this tender, bidders must meet certain eligibility requirements. Registered entities are preferred, including manufacturers and suppliers with proven experience in providing security equipment. Compliance with regulatory standards and possessing the necessary certifications is mandatory for responsiveness.

Technical Requirements

The technical specifications for the safes include adherence to the standards defined in IS 550. This includes but is not limited to fire resistance, lock mechanisms, and other security features that enhance the integrity of the safes. Bidders must provide detailed product specifications and any relevant testing documents that validate product quality.

Financial Requirements

Bidders are required to submit financial documents that reflect their ability to fulfill the contract. This includes details on pricing structures, along with the Earnest Money Deposit (EMD) as specified by the Ministry of Finance. Successful bidders must also demonstrate sound financial stability through their provided financial statements.

Document Submission Details

All proposals must be submitted electronically through the designated procurement platform. Bidders should prepare and submit all required documents, including technical specifications, financial statements, and any relevant certifications. Details on accepted file formats and submission methods will be provided in the submission guidelines.

Special Provisions

This tender includes provisions that favor Micro, Small, and Medium Enterprises (MSEs), encouraging their participation in the procurement process. Startups are also welcomed to submit proposals, provided they can meet the necessary technical and financial criteria.

Evaluation Process

Proposals will be evaluated based on detailed criteria which focus on technical specifications, financial viability, and overall compliance with IS 550. The evaluation committee will assess all received applications and shortlist bidders based on these parameters. Feedback will be provided post-evaluation.

Delivery Locations

The safes will be required for delivery at specified banking sector locations. Detailed information regarding the delivery sites will be communicated to successful bidders upon the award of the contract.

Contact Information

For any inquiries related to this tender, interested parties should refer to the official communication channels provided in the procurement documentation. This ensures that queries are directed to the appropriate department for timely responses and clarifications.

This tender represents an opportunity to contribute to the security infrastructure of the banking sector by providing high-quality safes that meet stringent standards.