Mumbai Manpower Hiring for Financial Services Onsite Tender 2026 – 25% Variation, Mumbai HQ, Service Support
Bid Publish Date
12-Oct-2026, 6:18 pm
Bid End Date
04-Nov-2026, 3:00 pm
Value
₹25,00,000
Location
Progress
Key Highlights
- • Registered Mumbai bidder requirement and Mumbai office HQ mandate
- • 25% variation in contract quantity or duration at bid/issuance
- • Lump-sum scope may allow 25% value increase with provider consent
- • Dedicated toll-free service support and escalation matrix mandatory
- • No BOQ items; ATC/documents must be uploaded to avoid rejection
- • Liquidation/bankruptcy prohibition; financial standing declaration required
- • Onsite manpower for financial services under SOW; no specific technical specs provided
Tender Overview
The opportunity pertains to onsite manpower hiring for financial services, organized in Mumbai, Maharashtra. The estimated contract value is ₹2,500,000. Scope centers on delivering financial services personnel under a statement of work (SOW). Key differentiators include the 25% quantity/duration variation allowance and mandatory Mumbai-based bidder registration. The procurement is positioned as a service contract requiring dedicated support and compliance with the buyer’s terms. While specific product specs are not provided, the tender emphasizes service delivery capability, local presence, and governance through ATC terms. This summary highlights essential decision criteria for bidders seeking a Mumbai procurement opportunity in the financial services staffing domain.
Technical Specifications & Requirements
- Category: Manpower Hiring for Financial Services – Onsite (SOW-based)
- Estimated Value: ₹2,500,000
- Location: Mumbai, Maharashtra
- Variation Clause: Up to 25% increase/decrease in contract quantity or duration at bid/contract issuance; requires consent for scope increase in lump-sum contracts
- Eligibility Signals: Bidder must have registered office/headquarters in Mumbai at bid time; no BOQ items available
- Certificates & Documentation: Upload required certificates per ATC; non-submission may lead to rejection
- Service Support: Dedicated toll-free service support; escalation matrix for contact details
- Compliance: Bidders must avoid liquidation or bankruptcy; maintain financial stability and bid integrity
Terms, Conditions & Eligibility
- EMD: Amount not specified in the provided data
- Financial Standing: Not under liquidation or similar proceedings; bid must include a self-declaration
- Assignment/Sub-contracting: Prohibited without prior written consent; liability remains with the original bidder
- Location Constraint: Bidder’s registered office or headquarters must be in Mumbai during bid participation
- ATC/Document Upload: Essential certificates and documents must be uploaded; lack triggers bid rejection
- Support Requirements: Bidders/OEMs must provide dedicated toll-free support and a clear escalation matrix for service issues
- Delivery/Performance: Terms reference SOW-based onsite delivery; no fixed delivery timeline provided in data
Key Specifications
-
Manpower Hiring for Financial Services – Onsite
-
Estimated value ₹2,500,000; no detailed BOQ
-
No explicit product standards listed; ATC documents required
-
Must have Mumbai HQ; service support with escalation matrix
-
SOW-based scope with potential 25% variation
Terms & Conditions
-
Up to 25% variation in quantity or duration with consent
-
Must have Mumbai registered office/headquarters during bid
-
Dedicated toll-free support and escalation matrix required
Important Clauses
Payment Terms
Not specified in data; subject to ATC terms and SOW
Delivery Schedule
Onsite manpower delivery under SOW; no fixed dates disclosed
Penalties/Liquidated Damages
Not specified; penalties would be defined in ATC if applicable
Bidder Eligibility
-
Must have registered office/headquarters in Mumbai at bid time
-
Not under liquidation or similar proceedings
-
Ability to provide dedicated toll-free service support and escalation matrix
Tender Data
Bid Details
Quantity
3
Bid Type
Single Packet Bid
Bid Validity
180 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
3 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Min. Avg. Annual Turnover
100
Experience Required
7 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Manpower Hiring for Financial Services - Onsite; As per the SOW
Advisory Bank
State Bank of India
ePBG Percentage
5%
ePBG Duration (Months)
15
Delivery Details
Delivery Locations
1
Delivery Cities
Mumbai
Delivery Pincodes
400001
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Jyoti Deepak Baraskar | 400001,Seafarers Welfare Fund Society Nav Bhavan Building, Ground Floor, R. K. Marg, Ballard Estate | Mumbai | Maharashtra | 400001 | 3 | - | Number of Months : 12 |
Authority Records
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Documents 6
GeM-Bidding-10023738.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
3 Updates Update
Update
Extended Deadline
04-Nov-2026, 9:30 am
Opening Date
05-Nov-2026, 9:30 am
Update
Extended Deadline
30-Oct-2026, 12:30 pm
Opening Date
31-Oct-2026, 12:30 pm
Categories
1
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Required Documents
GST certificate
PAN card
Experience certificates in financial services staffing
Financial statements / solvency proof
EMD document (if applicable in final ATC)
Technical bid documents and compliance certificates
OEM authorizations (if applicable to staffing suppliers)
Proof of Mumbai registered office/headquarters
Frequently Asked Questions
Key insights about MAHARASHTRA tender market
How to bid for Mumbai manpower hiring tender in 2026 with 25% variation?
Bidders must meet Mumbai registration requirement, upload essential certificates, and comply with the 25% scope/duration variation clause. Prepare service capability documents, solid financials, and proof of Mumbai HQ. Ensure the bid aligns with the SOW and ATC terms; submit all required documents for eligibility.
What documents are required for the Mumbai financial services staffing tender?
Submit GST and PAN, experience certificates in financial staffing, financial statements, service-compliance certificates, and any OEM authorizations if relevant. Include bid security/EMD documentation if specified in ATC, and proof of Mumbai registered office.
What are the eligibility criteria for bidders in this Mumbai tender?
Eligible bidders must have a Mumbai-based registered office, should not be in liquidation, provide a service-support toll-free number, and upload required attestations per ATC. Demonstrate prior manpower provisioning in financial services under SOW conditions.
What is the estimated value and scope of the Mumbai onsite staffing tender?
The estimated contract value is ₹2,500,000. The scope involves onsite manpower for financial services under an SOW, with a potential 25% increase/decrease in quantity or duration upon contract issuance or approval.
When is the delivery and support expectation for this Mumbai tender?
Delivery is onsite per SOW; a dedicated toll-free support line and escalation matrix must be provided. Specific delivery timelines are not disclosed in the data and will be defined in the ATC and final contract.
What standards or certifications are required for this staffing tender?
The tender requires submission of standard certificates per ATC; no explicit IS/ISO standard is listed. Ensure compliance with Mumbai HQ requirements, and provide requisite financial and technical certifications as stated in the ATC.
How to ensure bid compliance if there is no BOQ in this tender?
Rely on SOW-based requirements and ATC documentation. Provide detailed staffing capability, AML/compliance, and service support plans. Ensure all certificates are uploaded and the Mumbai HQ proof is included to meet eligibility.
What payment terms are expected for the onsite staffing contract in Mumbai?
Payment terms are defined in the final ATC; data does not specify. Bidders should anticipate standard service payments post-delivery against invoices, with terms to be finalized in the contract and ATC.