Department of Financial Services Tender by Indian Bank (GEM/2025/B/6164900)
Hiring of Consultants - Milestone/Deliverable Based - Functional Consultants; As per RFP; No; Hybri
Tender Timeline
Tender Title: Hiring of Consultants - Milestone/Deliverable Based - Functional Consultants
Reference Number: GEM/2025/B/6164900
Issuing Authority/Department: The tender is issued by the Department of Financial Services under the Ministry of Finance.
Scope of Work and Objectives
The objective of this tender is to engage qualified consultants on a milestone/deliverable basis to provide functional consulting services. The consulting services will contribute towards efficient project execution and achieving defined organizational objectives. The consulting firm will be expected to offer expertise in various financial sectors relevant to the Department of Financial Services, ensuring compliance and adherence to industry standards.
Eligibility Criteria
To qualify for participation in this tender, bidders must be registered entities with a proven track record in providing similar consulting services. Interested parties are expected to showcase their capabilities through prior experience, relevant certifications, and technical expertise.
Technical Requirements
Bidders are required to comply with specific technical specifications as outlined in the tender documentation. Consultants must demonstrate substantial experience in functional consulting within governmental or financial sectors, along with a robust methodology for delivering services. All projects must align with the highest standards of quality and efficiency.
Financial Requirements
Bid submissions must include a comprehensive financial proposal, detailing costs associated with the milestones and deliverable-based services as specified in the scope of work. The proposal should also incorporate justifications for the pricing structures and ensure compliance with the budgetary constraints established by the Department.
Document Submission Details
All necessary documentation must be submitted through the designated portal by the stipulated deadline. Bidders are advised to ensure that their submissions are complete and meet all specified requirements, including financial proposals and necessary certifications.
Special Provisions
This tender encourages participation from Micro, Small, and Medium Enterprises (MSEs) and startups. Bidders belonging to these categories may benefit from specific provisions that aim to foster inclusivity and support local businesses.
Evaluation Process
The evaluation of bids will center around a structured process considering technical capabilities, financial proposals, and compliance with eligibility requirements. The Department will assess proposals based on clearly established criteria ensuring a fair selection process.
Delivery Locations
Consultants are expected to provide services across designated locations as specified. Details regarding the specific locations will be further clarified in the tender documentation.
Contact Information
For further inquiries regarding this tender, bidders can refer to the official contact channels provided in the tender documentation.
In summary, this tender for Hiring of Consultants - Milestone/Deliverable Based - Functional Consultants encapsulates an opportunity for qualified consultants to engage with the Department of Financial Services, offering valuable expertise to enhance financial governance. Every bidder is encouraged to review the tender documents thoroughly, ensuring conformance to all requirements and a comprehensive proposal.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
8 DocumentsDocuments Required from Seller
- Experience Criteria
- Certificate (Requested in ATC)
- 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 eligibility requirements for this tender include being a registered entity that possesses a proven track record in functional consulting services. Bidders should provide documentation that showcases relevant experience and certifications that indicate their capability to meet the objectives outlined in the tender.
Consultants must adhere to the specified technical specifications which include demonstrating substantial experience in providing functional consulting within the financial sector. Additionally, consultants should implement a robust methodology for service delivery that complies with industry standards and ensures quality results.
Payment for services rendered by consultants will be based on achievement of predefined milestones as outlined in the financial proposal. Bidders should present their payment terms clearly in their submissions, detailing conditions for payment release contingent upon milestone completion.
Proposals for this tender should be submitted electronically through the designated submission portal. Bidders must ensure that their submissions include all required documents and comply with formatting specifications prescribed in the tender guidelines.
Micro, Small, and Medium Enterprises (MSEs) are encouraged to participate in this tender with provisions designed to support their involvement. Such benefits may include relaxed eligibility conditions and potential price preferences, enabling MSEs to compete effectively alongside larger entities while contributing to local economic growth.
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