Tender Title:

Vulnerability Management / Assessment Software (V2)

Reference Number:

GEM/2025/B/6164274

Issuing Authority/Department:

Ministry of Finance, Banking Sector

The Vulnerability Management / Assessment Software (V2) tender is an essential initiative aimed at enhancing the security posture of various organizations under the purview of the Ministry of Finance. This comprehensive tender invites bids for the procurement of 6,000 units of advanced vulnerability management and assessment software. The aim is to facilitate organizations in identifying, assessing, and addressing vulnerabilities within their systems that could lead to significant security incidents.

Scope of Work and Objectives

The primary objective of this tender is to procure high-quality software that efficiently identifies vulnerabilities within information systems and networks. The scope of work includes software installation, configuration, and subsequent support and maintenance to ensure the software remains functional and relevant over time. The software should enable organizations to conduct thorough risk assessments, provide actionable insights, and generate reports to streamline compliance with security standards.

Eligibility Criteria

Bidders must satisfy the following eligibility criteria:

• Be a legally registered business entity capable of providing the requested software and services.
• Demonstrate experience in delivering vulnerability management solutions, preferably to governmental or financial institutions.
• Provide evidence of financial stability and capacity to fulfill the contract requirements.

Technical Requirements

The software must meet the following technical requirements:

• Comprehensive vulnerability scanning capabilities, including both known and newly identified vulnerabilities.
• Integration with existing security tools and systems within the organizations.
• User-friendly interface for ease of operation across different departments.
• Regular updates to ensure the software remains effective against emerging threats.

Financial Requirements

Bidders should provide detailed financial documentation, including:

• A valid financial statement demonstrating the ability to support the service duration.
• Pricing model including all costs associated with acquiring and maintaining the software.
• Any applicable taxes and fees must be explicitly stated.

Document Submission Details

Interested bidders are required to submit their bids electronically via the designated procurement platform. All documents must comply with the specified formats and be submitted before the closure of the tender process.

Special Provisions

• Micro, Small, and Medium Enterprises (MSEs) are encouraged to participate in this tender, as special considerations may be offered to promote inclusivity in the procurement process.
• Provisions for startups will also be in place to assure equitable access to bidding opportunities.

Evaluation Process

The evaluation of bids will be based on:

• Compliance with the technical specifications outlined in the tender.
• Pricing competitiveness and overall value offered.
• Experience and track record in successfully delivering similar projects.

Delivery Locations

The delivered software will be implemented across various locations as designated by the Ministry of Finance, ensuring all departments effectively utilize the software solutions.

Contact Information

For any inquiries related to the tender, interested parties should refer to official channels established by the Ministry of Finance during the tender period.

This tender represents a critical step in enhancing the security frameworks within the banking sector, and the Ministry of Finance anticipates the participation of competent suppliers who can meet the rigorous demands of this procurement. Interested suppliers are encouraged to thoroughly review all tender documents and guidelines before submission.