Department of Financial Services Tender by Union Bank Of India (ubi) (GEM/2025/B/5950859)
Hiring of Agency for IT Projects- Milestone basis

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Tender Title: Hiring of Agency for IT Projects- Milestone basis
Reference Number: GEM/2025/B/5950859
Issuing Authority: Department of Financial Services, Ministry of Finance
The scope of work for this tender encompasses the hiring of an agency to manage and execute IT projects on a milestone basis. The primary objective is to ensure effective project delivery that meets stipulated timelines while maintaining high-quality standards in IT services. The awarded agency will be responsible for fulfilling various IT-related needs, including but not limited to software development, IT consultancy, and project management.
Eligibility Criteria for this tender includes being a registered entity with relevant experience, meeting specific turnover requirements, and possessing necessary certifications. Firms interested in participating must be able to prove their operational capacity and expertise in handling similar IT projects. It should be noted that bidders seeking exemption from established experience or turnover criteria must furnish supporting documents that validate their eligibility.
In terms of technical requirements, bidders must demonstrate an understanding of IT project frameworks, methodologies, and have a robust process in place for managing projects. They are also required to produce essential documents such as an OEM authorization certificate and evidence of prior relevant experience. Financial requirements include an Earnest Money Deposit (EMD) of 10 million and proven annual turnover for the prior three years, emphasizing financial stability.
Document Submission Details: Bidders must provide a comprehensive set of documents as outlined in the tender, including additional documentation as requested in the ATC (Annexure to the Conditions of Contract). Accepted formats for submission vary, and bidders are encouraged to review the tender documentation thoroughly for compliance.
Special Provisions are available for Micro, Small, and Medium Enterprises (MSEs) and startups. The government promotes participation from smaller firms to enhance competitiveness and innovation within the industry. Compliance with 'Make in India' policies is pivotal, encouraging bids that support local manufacturing capabilities and improve local content in procurement.
The evaluation process for tender submissions will utilize a total value wise evaluation methodology. Key aspects include the assessment of the bid price alongside the technical proposal submitted. Successful bidders will be notified promptly, with the results communicated through formal avenues.
Delivery Locations will be specified in the project details, ensuring that the awarded agency understands geographical constraints and logistics requirements.
For any inquiries or further details, interested parties are encouraged to consult the linked documents which provide in-depth insights into the project scope, payment terms, and evaluation criteria.
Comprehensive documentation can be accessed through the following links:
This tender represents a significant opportunity for qualified bidders to engage in critical IT project implementations that align with government objectives.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
6 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- Certificate (Requested in ATC)
- OEM Authorization Certificate
- OEM Annual 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 eligibility requirements include being a registered entity that meets specific turnover thresholds and has relevant experience in IT projects. Bidders must demonstrate their capacity to deliver on the scope outlined and submit the necessary authorizations. Firms seeking exemptions from experience or turnover criteria must provide supporting documents for validation.
To qualify for this tender, bidders must present a range of certificates, including OEM authorization, and relevant operational certificates as specified in the tender documentation. Additional documentation might include proof of experience, bidder turnover statements, and any other required supporting documents.
The document registration process requires bidders to upload necessary documents as outlined in the tender announcement. The accepted document formats can vary and are specified delimited in the submission section of the tender. It’s essential to adhere to the formats and guidelines to ensure compliance.
An Earnest Money Deposit (EMD) of 10 million is mandated for participation in this tender. Furthermore, the performance security requirements should also be specified in the tender documentation, while bidders must ensure compliance with the stipulated payment terms that will be shared upon the award of contract.
The evaluation and selection process is carried out using a total value-wise methodology, where technical capability and cost are analyzed thoroughly. Bids are assessed based on adherence to technical specifications, quality standards, and cost-effectiveness to determine the most suitable agency for the IT projects at hand. Notification of results is provided after the evaluation phase is completed.
By focusing on high-quality documentation, compliance with criteria, and relevant certifications, bidders can enhance their chances of success in this significant tender opportunity.
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