Department of Financial Services Tender by Canara Bank (GEM/2025/B/6099207)

Tender Title: Supply of Safes

Tender Reference Number: GEM/2025/B/6099207
Issuing Authority: Department of Financial Services, Ministry of Finance

The Department of Financial Services is seeking bids for the supply of Safes (V2) as per IS 550. This tender is aimed at procuring a total of 35 units of high-quality safes that meet the specifications outlined in the applicable Indian Standards. The primary objectives include enhancing security measures for financial entities and supporting the operational efficiency of government and private sectors.

Scope of Work and Objectives

The selected supplier will be responsible for the supply of safes that adhere strictly to IS 550 standards. This involves ensuring that each unit meets quality assurance protocols and is delivered on time to the designated locations. The objectives include:

• Providing high-quality safes that prevent unauthorized access.
• Delivering products in compliance with industry regulations
• Achieving value for money while ensuring reliable delivery schedules.

Eligibility Criteria

To be eligible for this tender, bidders must:

• Be a registered entity in India.
• Have a proven track record in manufacturing or supplying similar products.
• Hold necessary certifications that comply with IS standards.
• Meet any additional regulatory requirements outlined by the Department of Financial Services.

Technical Requirements

Bidders need to ensure that the safes conform to IS 550. Specifications include:

• Dimensions, weight, and security features.
• Compliance with quality standards.
• Durability and resistance to physical attacks.

Financial Requirements

Bidders must provide comprehensive financial documentation, including:

• Relevant financial statements for the last three years.
• Evidence of previous contracts of similar nature.
• Pricing structure aligned with market standards.

Document Submission Details

Prospective bidders are required to submit the following documents:

• Completed bid form and compliance certificates.
• Technical proposal detailing adherence to specifications.
• Financial proposal including pricing breakdown and terms. All documents should be submitted electronically through the appropriate government procurement portal.

Special Provisions

This tender encourages participation from Micro, Small, and Medium Enterprises (MSEs) and startups. Bidders from these groups may benefit from relaxed eligibility criteria and financial assistance programs under the government’s procurement policies.

Evaluation Process

Bids will be evaluated based on:

• Compliance with technical specifications.
• Price competitiveness.
• Delivery timelines. Final decision-making will consider both qualitative and quantitative aspects of the submitted proposals.

Delivery Locations

The safes will be delivered to various government and private sector locations as stipulated in the final contract terms.

Contact Information

For further details and inquiries regarding the tender, please refer to the official communication channels provided on the procurement portal. Ensure that all correspondence follows the necessary protocols to guarantee quick responses.

In summary, this tender for the supply of safes stands as a significant opportunity for qualified suppliers aiming to contribute to enhancing security measures across various sectors within the financial domain.