Bank Of India IT Projects Milestone-based Agency Hiring Mumbai Maharashtra 2026

Tender Overview

Bank Of India (Department of Financial Services) in Mumbai, Maharashtra invites proposals for Hiring of Agency for IT Projects- Milestone basis. The tender carries an EMD of ₹12,000,000. No BOQ items are listed, and no start/end dates are specified in the data provided. The procurement relies on the RFP ATC terms and the uploadable ATC document, indicating compliance requirements will be defined in the official RFP. The milestone-based delivery model suggests phased project execution, with payment and acceptance tied to defined milestones. This opportunity targets IT project management capabilities within a public sector banking context, with the Bank Of India seeking experienced IT service providers to execute defined milestones under the stated ATC terms.

Technical Specifications & Requirements

• Category: IT projects on a milestone basis for Bank Of India, Mumbai.
• EMD: ₹12,000,000 (as per tender data).
• BOQ: 0 items listed, implying scope to be detailed in the RFP/ATC documents.
• Location: Mumbai, Maharashtra; procurement governed by the Bank Of India’s RFP ATC.
• Standards/Compliance: Not enumerated in available data; bidders must refer to the RFP ATC document uploaded by the buyer.
• Scope hints: Milestone-based IT project delivery, with terms defined in the ATC; specific project domains, durations, and performance metrics to be captured in the official RFP.
• Notes: The absence of explicit technical specs requires bidders to obtain and review the ATC document for scope, acceptance criteria, and milestone definitions.

Terms, Conditions & Eligibility

• EMD: ₹12,000,000 required as security deposit per RFP terms.
• ATC/RFP reliance: All terms to be governed by the RFP ATC document; bidders must view and comply with uploaded ATC.
• Experience/Turnover: Not specified in data; eligibility to be clarified in ATC/RFP. bidders should prepare typical IT services credentials, client references, and financials per standard government tender practices.
• Delivery & Payment: Milestone-based delivery implies milestone payments; exact schedule to be defined in ATC. Penalty and warranty terms will be in the RFP/ATC.
• Submission: Bidder must comply with standard bid submission requirements as per ATC; GST, PAN, and financial documents commonly required will be defined there.