Department of Financial Services Tender by Punjab National Bank (pnb) (GEM/2025/B/6154919)

Tender Title: Supply of Safes (V2) as per IS 550
Tender Reference Number: GEM/2025/B/6154919
Issuing Authority: Department of Financial Services, Ministry of Finance

The Department of Financial Services, under the Ministry of Finance, invites tenders for the supply of Safes (V2) as per IS 550. This initiative aims to enhance the security measures within governmental and financial institutions, ensuring the reliable protection of sensitive documentation and valuable assets. Participants in this tender are expected to provide high-quality safe products that comply fully with the designated Indian Standards (IS 550).

Scope of Work and Objectives

The scope of work encompasses the supply of safes that are tested and guaranteed to meet the quality benchmarks set by IS 550. The objectives are:

1. To procure high-quality safes that enhance security within financial and governmental sectors.
2. To fulfill the requirement for durable and reliable safes that can withstand potential security threats.
3. To promote compliance with quality and safety regulations specified by the Indian government.

Eligibility Criteria

To qualify for participation, bidders must meet the following eligibility requirements:

1. Registered as a legal entity in India.
2. Comprehensive documentation proving previous experience in manufacturing or supplying similar products.
3. Adherence to all applicable safety and quality certifications.

Technical Requirements

The technical requirements for the safes include:

• Compliance with IS 550 standards for security and durability.
• Availability of detailed product specifications and test certificates.
• Proper certification indicating compliance with fire resistance and impact testing.

Financial Requirements

Bidders must comply with specific financial requirements:

1. Submission of an Earnest Money Deposit (EMD) to confirm commitment.
2. Proof of financial capability to fulfill the contract, including balance sheets and income statements for the last three years.
3. Evidence of capability to sustain supply requirements, including inventory management practices.

Document Submission Details

Candidates are required to submit all necessary documents in a single packet format. All proposals must include:

• Technically verified product specifications.
• Compliance certificates.
• Financial statements as per the requirements outlined.

Special Provisions

This tender is keen on supporting Micro, Small, and Medium Enterprises (MSEs) as well as startup entities. Benefits for eligible MSEs include:

• Exemption from payment of EMD.
• Preferential consideration during the evaluation phase.

Evaluation Process

The evaluation process for this tender will be comprehensive and systematic, encompassing:

1. Assessment of technical documents for compliance with specified standards.
2. Financial health evaluations based on submitted documents.
3. Consideration of the bidder’s previous performance and feedback in similar projects.

Delivery Locations

The delivery of safes will be required at predetermined locations as specified in the tender documentation, ensuring accessibility for all relevant departments under the Ministry of Finance.

Contact Information

For further inquiries related to the tender and submission processes, participants should refer directly to the official contact channels specified within the tender documentation for accurate guidance.