Department of Financial Services Tender by New India Assurance Company Limited (niacl) (1fd5b79bc)
Hiring of Agency for IT Projects- Milestone basis
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Tender Title: Hiring of Agency for IT Projects- Milestone basis
Reference Number: 1fd5b79bc
Issuing Authority: Department of Financial Services, Ministry of Finance
The Hiring of Agency for IT Projects- Milestone basis tender aims to engage a qualified and experienced agency to undertake IT-related projects for the Department of Financial Services. This initiative is a part of the Ministry of Finance's commitment to enhance the efficiency and effectiveness of financial services through innovative technology solutions.
Scope of Work and Objectives
The selected agency will be responsible for executing various IT projects, adhering to a clearly defined milestone basis of completion. This may include software development, system integration, IT consultancy, and the implementation of IT solutions tailored to departmental needs. The primary objectives are to improve service delivery, streamline processes, and ensure the security of information systems.
Eligibility Criteria
To qualify for this tender, bidders must meet the following eligibility requirements:
- Be a registered entity with relevant experience in executing IT projects.
- Demonstrate financial stability and capacity to undertake projects of significant scope.
- Possess a skilled team with expertise in project management and IT solutions.
Technical Requirements
Bidders must showcase their technical requirements, which include:
- Proven experience in similar projects.
- Compliance with international quality standards regarding IT service delivery.
- Availability of requisite software and infrastructure.
Financial Requirements
All bidders are required to submit a comprehensive financial proposal that outlines the budget allocation for various milestones. This should include:
- Detailed cost breakdown.
- Any applicable taxes and levies.
- Payment terms based on milestone achievements.
Document Submission Details
Interested agencies must prepare and submit their proposals electronically through the designated portal. All required documents should be compiled in an organized manner, preferably in PDF or Word format, ensuring clarity and adherence to the stipulated guidelines.
Special Provisions
This tender recognizes the contributions of Micro, Small, and Medium Enterprises (MSEs) and startups. Special provisions may include:
- Relaxation of eligibility criteria for MSEs.
- Additional points during evaluation for proposals coming from startups.
Evaluation Process
The evaluation will be conducted in a transparent manner, focusing primarily on:
- Technical competence.
- Financial viability.
- Alignment with departmental objectives.
Bidders will be evaluated based on their adherence to the quality standards in the proposals, the robustness of their methodologies, and their overall value proposition.
Delivery Locations
The successful agency will execute IT projects at various locations specified by the Department of Financial Services, as required by project engagements.
Contact Information
For any inquiries regarding the tender, interested parties should refer to the official communication channels provided on the procurement portal. Stakeholders are encouraged to clarify any doubts prior to submission to facilitate a smooth bidding process.
This tender invites innovative solutions in IT project execution, ensuring that the Department of Financial Services can effectively meet its technology needs while fostering opportunities for MSEs and startups.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
9 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- Certificate (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 vary, however, they generally include being a registered entity with previous experience in managing relevant IT projects, demonstrating financial stability, and ensuring the availability of qualified personnel. Bidders must showcase a robust portfolio that highlights past performance in similar projects to ensure compliance with the expectations of the Department of Financial Services.
Bidders must possess essential certifications that validate their capabilities in IT services. These might include ISO certifications related to quality management and IT service management, and any specific certifications pertinent to software development or IT consultancy. Ensuring that all required certificates are valid and up to date is critical for compliance and successful bidding.
To complete the registration process, bidders should access the designated procurement portal where the tender is hosted. It typically involves creating an account, completing a registration form with organizational details, and verifying the registration through an authentication process. Following this, bidders can proceed to download the tender documents and submit their proposals electronically.
The tender documentation must be submitted in specified formats such as PDF or Word. It is crucial for bidders to adhere to the submission guidelines outlined in the tender document to avoid disqualification. Document submission must also comply with any specific formatting or content requirements stated in the guidelines to ensure clarity and professionalism.
Yes, there are specific benefits for MSEs within this tender. Such benefits may include relaxed eligibility criteria, additional evaluation points, and potential support in accessing funding mechanisms. By encouraging the participation of MSEs, the Department of Financial Services aims to promote inclusive growth and expand opportunities within the IT service industry.
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