Procurement Opportunity: Hiring of Consultants - Milestone/Deliverable Based - Onboarding Consultant for Information Technol in HYDERABAD, TELANGANA

The eligibility requirements include being a registered entity with demonstrated experience in IT consultancy, particularly within the banking or financial sector. Bidders need to provide prior project reports as references and hold all necessary certifications relevant to consultancy services. Prior success in integrating IT solutions in at least two similar projects is mandatory, which emphasizes the technical prowess of the bidding entity.

Bidders are required to submit a detailed proposal outlining their technical capabilities, including methodologies for IT landscape integration. Key aspects to address include the integration of diverse IT systems, compliance with regulatory standards, and effective risk management strategies. An understanding of the banking sector's unique challenges and a tailored approach to amalgamation processes are essential for a competitive proposal.

The EMD serves as a guarantee that the bidder will fulfill the contract if awarded. Typically, the amount for this tender would be specified in the procurement guidelines, and it should be enclosed as part of the financial documents. Compliance with the terms related to EMD is crucial, and clarity regarding refund conditions should be sought in the tender documentation.

Payment terms will be milestone-based, where the consultant can expect payments upon the achievement of predetermined deliverables. This will be outlined in the contractual agreement following award notification. It's important for bidders to clearly specify their timing and conditions for invoice submissions aligned with these deliverables to facilitate timely processing.

Yes, this tender recognizes the role of Micro, Small, and Medium Enterprises (MSEs) by offering specific incentives designed to enhance competitive parity. MSEs may receive exemptions from certain eligibility criteria and potential support in terms of reduced financial requirements. Bidders should consult the tender document for detailed provisions aimed at promoting MSE participation in this consultancy initiative.