Department of Financial Services Tender by Bank Of India (GEM/2025/B/6196793)
Hiring of Agency for IT Projects- Milestone basis

Tender Timeline
The Tender Title for this announcement is "Hiring of Agency for IT Projects- Milestone basis" under the reference number GEM/2025/B/6196793, issued by the Department of Financial Services within the Ministry of Finance. This procurement aims to hire a specialized agency for executing IT projects on a milestone basis, ensuring professionals are engaged in robust technical solutions and project management to meet government standards.
Scope of Work and Objectives
The primary objective of this tender is to hire an agency that can effectively manage IT projects, from planning through execution and monitoring to ensure the completion of projects within the established deadlines. This may include project assessments, technology evaluations, milestone management, and comprehensive project support aligned with legislative requirements.
Eligibility Criteria
Eligibility to apply for this tender requires that bidders are registered entities. They must have proven experience in handling IT projects and demonstrate capability through previous successful project completions. Specific qualifications or certifications may also be necessary to validate the technical expertise of the bidding agencies.
Technical Requirements
The technical requirements are aimed at ascertaining that the selected agency possesses the requisite technology and expertise related to IT project delivery. Bidders should articulate their understanding of the technical landscape, including methodologies, tools, and platforms they are capable of working with.
Financial Requirements
Bidders will need to provide details supporting their financial robustness, including but not limited to the evidence of financial standing, past project budgets, and funding availability necessary for the successful completion of the IT projects.
Document Submission Details
All submissions must be made electronically through the appropriate channels, adhering strictly to deadlines defined in the tender document. Required documentation may include technical proposals, financial bids, and relevant certificates proving eligibility.
Special Provisions
This tender may offer benefits for Micro, Small, and Medium Enterprises (MSEs) and start-ups, emphasizing the promotion of local businesses and supporting new ventures in the IT sector. Specific conditions regarding these benefits will be detailed in special provisions in the tender document.
Evaluation Process
The evaluation process will examine both technical and financial proposals against predefined criteria. A scoring matrix may be used to ensure comprehensive assessment, prioritizing bidders who demonstrate both technical ability and sound financial planning.
Delivery Locations
The delivery locations will primarily be within the relevant administrative jurisdictions as defined by the Ministry of Finance, ensuring the agency can operate effectively within these zones to facilitate project execution.
Contact Information
While specific contact details were not made available, interested parties may refer to the official tender announcement for further inquiries related to the submission process or eligibility criteria.
This tender, being of high value, signifies the government's commitment to improving IT infrastructure and management. Bidders are encouraged to prepare thorough proposals that reflect their strategic vision and technical acumen for IT project delivery.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
10 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- Certificate (Requested in ATC)
- OEM Authorization Certificate
- OEM Annual Turnover
- Additional Doc 1 (Requested in ATC)
- Additional Doc 2 (Requested in ATC)
- Additional Doc 3 (Requested in ATC)
- Additional Doc 4 (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, possessing prior experience in IT project management, and having the technical capability to undertake the specified projects. Bidders should provide proof of successful past projects and necessary certifications.
Bidders may need to submit various certificates, including registration and compliance documents, tax clearance certificates, and any relevant industry-specific certifications that demonstrate their capability and reliability in managing IT projects.
The registration process typically involves obtaining access to the tender portal, completing necessary forms, and providing verified documentation that asserts compliance with the eligibility criteria set forth by the Department of Financial Services.
For document submissions, bidders should adhere to specified accepted document formats as outlined in the tender guidelines. Commonly accepted formats usually include PDF for technical and financial proposals, ensuring clarity and consistency in submissions.
The evaluation and selection process is structured around both technical and financial aspects of the proposals. Bidders will be assessed based on a scoring mechanism that prioritizes quality and feasibility to ensure the most competent bidders win the contract, based on predetermined criteria.
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