BANKING SECTOR Tender by Punjab National Bank (GEM/2025/B/6166827)
Cyber Security Audit - As per RFP
Tender Timeline
Tender Title: Cyber Security Audit - As per RFP
Reference Number: GEM/2025/B/6166827
Issuing Authority
This tender is issued by the Ministry of Finance, specifically under the Banking Sector department. The goal is to enhance the security posture of various financial systems through a thorough cyber security audit.
Scope of Work and Objectives
The primary objective of this tender is to conduct a comprehensive Cyber Security Audit in alignment with the specified Request for Proposal (RFP). The audit aims to identify vulnerabilities, assess risks, and provide actionable insights to strengthen the existing security frameworks of cyber systems in the banking sector. Service providers are expected to deliver detailed reports that encompass evaluations on current security measures, adherence to compliance norms, and recommendations for improvement.
Eligibility Criteria
To be eligible for this tender, interested parties must meet specific eligibility criteria which may include:
- Being a legally registered entity
- Demonstrating relevant experience in the cyber security domain
- Possessing the necessary workforce with certified qualifications in cyber security assessments
Technical Requirements
Bidders should possess expertise in the following areas:
- A proven track record of conducting cyber security audits in financial institutions
- Proficiency in risk management and compliance with standards such as ISO 27001
- Ability to perform vulnerability assessments and penetration testing
Financial Requirements
Bidders must adhere to financial requirements which typically include:
- Submission of competitive pricing based on the scope of work detailed in the RFP
- Potential allocation of financial securities as specified in the tender documentation
Document Submission Details
Bidders are required to submit their proposals and relevant documentation through the designated online portal. It is critical that all documents are submitted in the accepted formats to ensure evaluation efficiency. Specific instructions regarding submission methods and formats will be provided in the detailed RFP.
Special Provisions
This tender includes provisions that might benefit Micro, Small, and Medium Enterprises (MSEs) and Startups. Eligible entities are encouraged to participate to foster inclusive competition and promote local entrepreneurship in the cyber security sector.
Evaluation Process
The evaluation process for bids will involve a thorough review against specified criteria, which include technical capability, financial offerings, and compliance with the stated requirements. The evaluation will prioritize proposals that exhibit both innovation and reliability in cyber security practices.
Delivery Locations
Successful bidders will be tasked with conducting audits at various locations as specified in the RFP. These may include banking institutions and financial service providers that fall under the jurisdiction of the Ministry of Finance.
Contact Information
For inquiries regarding the tender, interested bidders are encouraged to reach out via the official communication channels provided in the RFP documentation.
Conclusion
This tender represents a significant opportunity for qualified service providers to contribute to enhancing the cybersecurity framework within the banking sector. Interested parties are urged to prepare and submit their best proposals to demonstrate their capabilities.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
5 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- Additional Doc 1 (Requested in ATC)
- Additional Doc 2 (Requested in ATC)
- Additional Doc 3 (Requested in ATC)
- Additional Doc 4 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
- the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
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Frequently Asked Questions
The qualification requirements specify that bidders must be legally registered entities with demonstrated experience in the field of cyber security. They should have a history of conducting similar audits, especially within banking or financial institutions, and the capacity to employ certified professionals with expertise in cyber security.
For the Cyber Security Audit, bidders must attach relevant certification that showcases their capability in cyber security practices. This may include certificates such as ISO 27001, CISSP, or equivalent credentials that demonstrate compliance with industry standards.
The submission process involves completing the bid application via the online portal designed for this tender. Bidders must ensure that all documents are submitted electronically in the prescribed formats, following all outlined instructions to guarantee their proposal is valid for evaluation.
The payment terms for the Cyber Security Audit tender typically stipulate that payments will be made upon successful completion of deliverables, which are defined in the contract. These terms will also include milestones that may trigger interim payments based on the project’s progression.
Yes, there are specific benefits for Micro, Small, and Medium Enterprises (MSEs) participating in this Cyber Security Audit tender. Provisions may include preferential pricing considerations, reduced bid security, and support in the bidding process to encourage involvement from smaller entities and startups, fostering a diverse competitive landscape.
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