Tender Title: Supply of Safes

Reference Number: GEM/2025/B/6164669

Issuing Authority:
Ministry of Finance, Banking Sector

The Supply of Safes project under reference number GEM/2025/B/6164669 invites potential bidders to participate in the procurement of safes that comply with the IS 550 standards. This tender aims to enhance security within financial institutions, providing them with robust and reliable storage solutions for sensitive documents and valuable assets.

Scope of Work and Objectives

The primary objective of this tender is to procure safes (V2) suitable for diverse banking applications, ensuring they meet the stringent security standards required by the banking sector. The project comprises a total quantity of 9 safes. Participants must outline their capabilities to deliver products that comply with the outlined specifications, focusing on durability, security features, and ease of use.

Eligibility Criteria

Potential bidders must meet specific eligibility requirements to qualify for participation. This includes being a registered entity capable of demonstrating experience in the manufacturing or supply of safes. Compliance with the Make in India initiative will be considered an advantage, promoting local manufacturing industries.

Technical Requirements

Submitted bids must conform to defined technical specifications that meet or exceed the standards detailed in IS 550. Bidders must provide documentation verifying compliance with quality assurance protocols and must outline testing criteria employed to ensure products meet the safety and security expectations of financial institutions. This includes detailed information on materials used, locking mechanisms, and resistance to external threats such as burglary.

Financial Requirements

Participants are required to demonstrate financial capability to fulfill the contract. This includes submitting a recent financial statement and ensuring adequate cash flow to manage production. Bidders must also be prepared to present an Earnest Money Deposit (EMD) as part of their submission, which serves to secure the bidding process.

Document Submission Details

All tender submissions must be submitted in specified formats to ensure the integrity of the evaluation process. Bidders are encouraged to utilize electronic submission methods to streamline the workflow. Document formats accepted include PDF and DOC, ensuring documents are both scanned for integrity and legible for evaluation.

Special Provisions

The tender allows for specific benefits aimed at Micro, Small, and Medium Enterprises (MSEs) and start-ups, encouraging their participation in order to foster economic growth and innovation within the sector. Adherence to local content procurement rules is also a focal point for this tender, aligning with government policies to support indigenous manufacturers.

Evaluation Process

The evaluation process for bids will focus on a thorough analysis of both technical and financial submissions. Bids will be assessed based on compliance with eligibility criteria, adherence to technical specifications, and overall cost-effectiveness. Transparent selection criteria will be employed to ensure fairness in the evaluation process, culminating in the selection of the best-suited supplier.

Delivery Locations

Safes are to be delivered to specified banking institutions as indicated in further detailed documentation. Bidders should account for potential delivery logistics and timelines in their proposals, ensuring that their offered solution efficiently aligns with the requirements.

Contact Information

For inquiries or additional details regarding the tender, potential bidders should refer to the Ministry of Finance’s official communication channels. Specific contact information may be provided in accompanying documentation, ensuring clarity in communication during the tender process.