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

Reference Number: GEM/2025/B/6164546

Issuing Authority: Ministry of Finance, Banking Sector

Scope of Work and Objectives

The objective of this tender is to procure Safes (V2) that conform to IS 550 standards. The Ministry of Finance aims to enhance security measures across banking facilities requiring robust and compliant safe solutions. The total quantity required is 9 units to be delivered to designated locations as specified within the scope of this procurement.

Eligibility Criteria

To qualify for participation in this tender, bidders must meet the following eligibility requirements:

• Must be a registered entity in the relevant sector (manufacturing or supplying safes).
• Possess a valid operational license and registration with appropriate regulatory bodies.
• Demonstrate a proven track record of supplying safes of similar specifications.
• Compliance with the Safety Standards and IS 550 specifications is mandatory.

Technical Requirements

The technical specifications for the safes include but are not limited to:

• Materials used should ensure durability and resistance to unauthorized access.
• Safes must comply with IS 550 regarding dimensions, locking mechanisms, and fire resistance.
• Each unit should be adequately tested and certified by a recognized authority.

Financial Requirements

Bidders must provide a detailed financial proposal that includes:

• Total cost for the quantity specified, inclusive of all taxes and additional charges.
• EMD (Earnest Money Deposit) specifics as outlined in tender documents.
• Payment terms are to be discussed and confirmed post-award of the contract.

Document Submission Details

Interested bidders are required to submit their proposals electronically through the designated portal. All submissions should include:

• Technical bids outlining compliance with the specifications.
• Financial bids in a separate document to ensure confidentiality during the evaluation process.

Special Provisions

This tender encourages participation from Micro, Small, and Medium Enterprises (MSEs) and startups. Such entities may benefit from supportive provisions in payment terms and business development opportunities as part of the government's initiatives.

Evaluation Process

The submitted proposals will be evaluated based on:

• Technical compliance with the specified requirements.
• Financial competitiveness.
• Previous performance records and client testimonials.
• Demonstration of adherence to quality standards.

Delivery Locations

Safes are expected to be delivered to pre-defined banking facilities as specified in the subsequent sections of this tender. Detailed location addresses may be provided post-bid evaluation.

Contact Information

For any inquiries, bidders may reach out to the contact department listed in the formal documentation on the tender submission portal.

Additional Information

This tender aims to secure high-quality safes with robust security features, ensuring that the participating bidders align with national security standards while enhancing domestic manufacturing capacity to support the government's Make in India initiatives.