The Safes (V2) as per IS 550 tender with reference number GEM/2025/B/6159487 is issued by the Department of Financial Services under the Ministry of Finance. This tender primarily focuses on procuring high-quality safes that adhere to the Indian Standard (IS) 550 specifications, which ensure the security and durability of the safes intended for financial institutions and governmental use.
Scope of Work and Objectives
The scope of work includes the supply of a total of three safes compliant with IS 550 standards. The safes are required to meet stringent security specifications, ensuring maximum protection against unauthorized access and physical threats. The objective is to enhance the security infrastructure of financial departments and associated agencies.
Eligibility Criteria
Eligible bidders must be registered entities capable of manufacturing and supplying safes that meet IS 550 standards. Bidders should possess a valid business license and relevant certifications demonstrating compliance with safety and quality regulations. Previous experience in supplying similar products to government or large-scale private organizations will be considered a strong advantage.
Technical Requirements
The safes must be constructed using high-grade materials and possess the following technical specifications:
- Compliance with IS 550 standards.
- Robust locking mechanisms.
- Fire-resistant properties.
- Size and weight specifications as per tender requirements.
Financial Requirements
Bidders are expected to provide a clear pricing structure, including all associated costs like shipping, installation, and after-sales service. All prices must be inclusive of applicable taxes and discounts, if any. A detailed breakdown of costs is essential for evaluation purposes.
Document Submission Details
Bidders must submit all required documents through the specified e-procurement portal, ensuring all files are in accepted formats such as PDF or Word documents. A complete bid will include the technical proposal, financial proposal, and eligibility documents.
Special Provisions
This tender allows for benefits for Micro, Small, and Medium Enterprises (MSEs) and startups, as per government norms aimed at promoting local businesses. Eligible enterprises are encouraged to participate and may benefit from reduced fees or prioritized evaluation.
Evaluation Process
The evaluation will be conducted in a two-stage process: first, the technical compliance of submitted bids will be assessed, followed by a price evaluation of those offers that meet the technical requirements. The bidding entities are expected to present their best offers in order to enhance competitiveness during evaluation.
Delivery Locations
The safes will be delivered to specified addresses provided in the final bid documentation once the successful bidder is selected. Delivery arrangements should also include installation services at the designated locations.
Contact Information
For queries related to the tender, participants can reach out to the Department of Financial Services. Specific contact details can be acquired from the procurement portal or tender documentation directory.
By participating in this tender, companies contribute to enhancing the security standards of financial services and government institutions. This ongoing initiative seeks to uphold the quality and safety necessary for safeguarding valuable assets and sensitive information.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
4 DocumentsDocuments Required from Seller
- Experience Criteria
- Past Performance
- Bidder Turnover
- Certificate (Requested in ATC)
- OEM Authorization Certificate
- OEM Annual Turnover
- Additional Doc 1 (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, compliance with manufacturing standards, and possession of necessary certifications. Bidders should demonstrate prior experience in supplying safes or similar products to government or large organizations.
The safes must comply with IS 550 standards, ensuring robust construction, secure locking systems, and fire-resistant properties. Bidders are encouraged to provide comprehensive technical documentation to validate their proposals.
An Earnest Money Deposit (EMD) may be required to ensure commitment from bidders during the tender process. Specific EMD amounts and submission guidelines should be verified within the tender documentation or e-procurement portal.
Bids should be submitted electronically through the designated e-procurement platform. Acceptable document formats include PDF and Word. It’s crucial to ensure that all submissions are complete, including technical and financial proposals.
MSEs can take advantage of special provisions that facilitate reduced fees and favorable evaluation processes. This initiative aligns with government efforts to promote local industry participation and provide equitable opportunities for small businesses.
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