Introduction

The Department of Financial Services, under the Ministry of Finance, invites bids for the Hiring of Agency for IT Projects on a Milestone Basis. This tender (Reference Number: GEM/2025/B/6148071) is aimed at procuring innovative IT services to improve operational efficiency through well-defined project milestones.

Scope of Work and Objectives

The primary objective of this tender is to engage a qualified agency that can deliver IT project solutions with high precision and adhere to specified milestones. The scope of work includes, but is not limited to:

• Project management and execution of IT services.
• Development and maintenance of software applications.
• Providing technical support and consultations throughout the project lifecycle.
• Ensuring adherence to quality standards and timely completion of project milestones.

Eligibility Criteria

To be eligible for this tender, bidders must meet the following criteria:

• Firms must be registered legal entities.
• Experience in successfully completing similar IT projects in the last five years.
• Proven track record in project delivery and stakeholder management.

Technical Requirements

Bidders are required to provide the following technical specifications:

• Detailed project proposal outlining methodologies and timelines.
• Evidence of technical capabilities, including prior project examples.
• Team composition and expertise, highlighting roles in the project.

Financial Requirements

Bidders must comply with the financial requirements including:

• Submission of a bid price within the stipulated range.
• Documentation of financial statements for the past three fiscal years.
• Provision of Earnest Money Deposit (EMD) as specified in the tender instructions.

Document Submission Details

Bidders are required to submit the necessary documents via the specified online platform. All submissions should be formatted in accordance with the required stipulations, including:

• PDF or Word document formats for project proposals.
• Excel spreadsheets for financial information.

Special Provisions

This tender has special provisions to encourage Micro, Small, and Medium Enterprises (MSEs) and startups:

• MSE benefits are available to assist smaller businesses in participating and competing.
• Startups will have priority considerations as part of the procurement process.

Evaluation Process

The evaluation process will be stringent and will include the following steps:

• Assessment of eligibility criteria.
• Review of technical proposals based on defined parameters.
• Financial assessment to identify the most cost-effective bids.

Delivery Locations

The primary delivery location will be specified in the official correspondence with selected bidders. The agency should be prepared to operate and provide services across various locations facilitated by the Department.

Contact Information

While specific contact details may not be disclosed, bidders are encouraged to refer to the tender platform for official communications and clarifications regarding this tender.

By participating in this bidding process, agencies are advised to prepare thoroughly and ensure compliance with the provided guidelines and specifications to enhance the likelihood of being awarded the contract.