Department of Electronics and Information Technology Tender by Software Technology Parks Of India (stpi) (GEM/2025/B/6166249)
Financial Advisory Services - Offsite; Actuary Service
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Tender Title: Financial Advisory Services - Offsite; Actuary Services
Reference Number: GEM/2025/B/6166249
Issued by the Ministry of Electronics and Information Technology, this tender seeks qualified firms to provide Financial Advisory Services with a specific focus on Actuary Services on an offsite basis. The engagement aims to facilitate enhanced decision-making frameworks through expert financial guidance and catering to complex actuarial functions.
Scope of Work and Objectives
The primary scope of work involves delivering high-quality Financial Advisory Services and Actuary Services that adhere to industry standards. The objectives include but are not limited to:
- Assisting in financial audits and ensuring compliance with financial regulations.
- Providing strategic advice on financial planning and risk management.
- Analyzing financial data to develop reports intended to inform significant policy decisions.
- Developing actuarial models to project financial outcomes based on various scenarios.
Eligibility Criteria
Firms aiming to tender must fulfill specific eligibility requirements:
- Must be a registered entity with valid operational credentials.
- Previous experience in providing similar Financial Advisory Services and Actuary Services.
- Adequate technical capacity and skilled personnel to perform the services required.
Technical Requirements
The following technical requirements must be addressed in submissions:
- Demonstrated expertise in actuarial sciences and financial advisement.
- Compliance with relevant statutory and regulatory frameworks.
- A portfolio of previous work completed in similar capacities, showcasing measurable outcomes.
Financial Requirements
Bidders must provide detailed financial documentation, including:
- Proof of financial health (e.g., recent financial statements).
- Estimated pricing models reflecting fair market value for the services delivered.
- Any necessary certifications or licenses proving capacity to act as a financial advisor.
Document Submission Details
Submissions must include comprehensive documentation encapsulating all technical and financial data outlined in the eligibility and technical sections. Bidders are required to present their proposals in an accessible format, ensuring clarity and transparency.
Special Provisions
This tender encourages participation from Micro, Small, and Medium Enterprises (MSEs) and Startups, promoting inclusivity in the bidding process. Special considerations may include adjusted evaluation criteria aimed at facilitating greater access for smaller entities in this competitive environment.
Evaluation Process
The evaluation process will assess the bid submissions against a defined set of criteria, including compliance with technical specifications, the quality of proposed solutions, and overall cost-effectiveness. The Ministry reserves the right to conduct interviews or request additional information as needed.
Delivery Locations
Services are to be delivered in accordance with the requirements of the Ministry's operational guidelines. Exact locations will be communicated upon award notification.
Contact Information
For further inquiries, potential bidders can refer to the official contact details typically associated with the Ministry of Electronics and Information Technology.
In summary, this tender provides an impactful opportunity within the realm of Financial Advisory Services and Actuary Services, promoting comprehensive analytical approaches to financial operations in the public sector.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
5 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- Certificate (Requested in ATC)
- Additional Doc 1 (Requested in ATC)
- Additional Doc 2 (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 eligibility requirements specify that bidders must be registered entities with legitimate operational credentials. Additionally, previous experience in providing Financial Advisory Services and Actuary Services is necessary. Companies must also demonstrate adequate technical capabilities and possess skilled personnel to execute the required services effectively.
Bidders must include several required certificates in their submission, which may encompass licenses verifying their expertise in providing financial advisory and actuarial services, as well as proof of prior project completions in similar sectors, showcasing compliance with industry standards.
The registration process involves completing an online submission through the designated portal where documentation must be prepared adhering to the specified format. Bidders need to ensure that all eligibility documents are compiled correctly before the final submission for evaluation.
All submitted documents must be in accepted document formats, including PDF and Word. This ensures that the evaluation committee can easily review the materials without compatibility issues. Bidders must adhere strictly to the provided format specifications when preparing their submissions.
Payment terms will typically be based on the project milestones outlined in the contract. Additionally, a performance security may be required to ensure compliance with the contract terms, thus safeguarding the interests of the Ministry. The specifics regarding these terms will be addressed in the tender guidelines provided to successful bidders.
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