Tender Description for Central Bank Digital Currency Solution
Custom Bid for Services - Supply, Implementation And Maintenance Of Central Bank Digital Currency
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Tender Description for Central Bank Digital Currency Solution
Tender Title and Reference Number
Title: Custom Bid for Services - Supply, Implementation And Maintenance of Central Bank Digital Currency
Reference Number: 2cd20998c
Issuing Authority/Department
This tender is issued by the Department of Financial Services, under the auspices of the Ministry of Finance.
Scope of Work and Objectives
The primary objective of this tender is to solicit proposals for the supply, implementation, and maintenance of a comprehensive Central Bank Digital Currency (CBDC) solution. This solution must facilitate secure and efficient digital currency transactions, ensuring seamless integration with existing financial systems. The successful bidder will be responsible for the entire project lifecycle, including system design, development, implementation, testing, and maintenance.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
9 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- Certificate (Requested in ATC)
- OEM Authorization Certificate
- 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 and demonstrating the ability to deliver a Central Bank Digital Currency solution. Bidders must showcase past performances in similar projects, financial stability, and relevant technical expertise. Compliance with pre-defined standards is mandatory for all proposals.
The technical specifications require the CBDC system to provide advanced security features, seamless integration capabilities, and robust scalability. The bidder must ensure that the solution aligns with industry-leading operational standards and includes comprehensive support and maintenance plans to guarantee functionality.
All bidders must submit an Earnest Money Deposit (EMD) as a part of their tender proposal. The EMD amount serves as a security to ensure bid seriousness and is refundable subject to fulfilling the tender requirements appropriately. Further specifics regarding the EMD amount and payment methods will be available in the tender documentation.
Submissions must be made electronically through the designated e-portal. Accepted document formats typically include PDF and DOCX, and all required documents must be clearly labeled as specified in the tender guidelines. Adherence to these formats ensures a smoother evaluation process.
The tender provides various benefits for Micro, Small, and Medium Enterprises (MSEs), including relaxations on eligibility criteria and cost advantages during evaluation. Startups showcasing innovative solutions may also receive enhanced evaluation benefits to encourage their participation and contribute positively to the CBDC initiative.
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