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GEM

Tender Notice for currency counting machine in Ajmer, RAJASTHAN

Bid Publish Date

23-Jan-2025, 2:58 pm

Bid End Date

20-Feb-2025, 4:00 pm

EMD

₹10,200

Value

₹5,10,000

Generate Docs

Progress

RA
Issue23-Jan-2025, 2:58 pm
Reverse AuctionCompleted
AwardCompleted
Explore all 5 tabs to view complete tender details

Quantity

34

Bid Type

Two Packet Bid

Categories 2

Lic - Life Insurance Corporation Of India invites bids for currency counting machine (Q3) in Ajmer, RAJASTHAN. Quantity: 34. Submission Deadline: 20-02-2025 16: 00: 00. Submit your proposal before the deadline.

Additional Tender Data

Commercial Details

Tender Category

Goods

Bid To RA

No

Bid To RA Enabled

Yes

Item Category

currency counting machine (Q3)

Authority Records

MINISTRY OF FINANCEFINANCIAL SERVICES DEPARTMENT
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Documents 4

GeM-Bidding-7418903.pdf

Main Document

GeM Category Specification

GEM_CATEGORY_SPECIFICATION

Other Documents

OTHER

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

Past Similar Tenders (Historical Results)

5 found

currency counting machine

Tiruvannamalai District Central Cooperative Bank Ltd.

TIRUVANNAMALAI, TAMIL NADU

Posted: 23 April 2025
Closed: 15 May 2025
GEM

currency counting machine

Mega Company Ltd

AHMEDABAD, GUJARAT

Posted: 25 April 2025
Closed: 5 May 2025
GEM

currency counting machine

South East Central Railway

RAIPUR, CHHATTISGARH

Posted: 24 May 2025
Closed: 4 June 2025
GEM

currency counting machine

Tiruvannamalai District Central Cooperative Bank Ltd.

Posted: 27 May 2025
Closed: 6 June 2025
GEM

currency counting machine

Nagaon Medical College And Hospital

NAGAON, ASSAM

Posted: 11 July 2025
Closed: 1 August 2025
GEM

Required Documents

1

Experience Criteria

2

Past Performance

3

Bidder Turnover

4

Certificate (Requested in ATC)

5

OEM Authorization Certificate

6

OEM Annual Turnover

7

Additional Doc 1 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria

8

the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer

Corrigendum Updates

3 Updates
#1

Update

13-Feb-2025
#2

Update

13-Feb-2025

Extended Deadline

20-Feb-2025, 4:00 pm

Opening Date

20-Feb-2025, 4:30 pm

#3

Update

07-Feb-2025

Extended Deadline

14-Feb-2025, 3:00 pm

Opening Date

14-Feb-2025, 3:30 pm

Reverse Auction Schedule

Completed

Start

28-Feb-2025, 1:00 pm

End

01-Mar-2025, 1:00 pm

Duration: 24 hours

Reverse Auction Document

✅ RA concluded. Check financial results for final rankings.

Technical Results

S.No Seller Item Date Status
1
ALBERTSONS INTERNATIONAL PRIVATE LIMITED   Under PMA
Make : ALBERTSONS Model : CashClean-100LVT18-02-2025 17:19:31
2
NATIONAL INDUSTRIES   Under PMA
Make : namibind Model : Gobbler Mix Note Counting12-02-2025 14:59:57
3
SHUBHRACHI AUTOMATION   Under PMA
Make : OMATE Model : OMNC 250.030-01-2025 12:31:43

Reverse Auction Results Final Prices

These are the final prices after the reverse auction event. Prices may be lower than initial bids.

Rank Seller Final Price Item
L1SHUBHRACHI AUTOMATION(MSE,MII)   Under PMA Winner ₹3,57,680Item Categories : currency counting machine
L2ALBERTSONS INTERNATIONAL PRIVATE LIMITED (MII)   Under PMA₹3,61,080Item Categories : currency counting machine

🎉 L1 Winner

SHUBHRACHI AUTOMATION(MSE,MII)   Under PMA

Final Price: ₹3,57,680

Frequently Asked Questions

Key insights about RAJASTHAN tender market

What are the eligibility requirements for participating in the GEM/2025/B/5857780 tender?

The eligibility requirements to participate in this tender include being a registered legal entity with a minimum average annual turnover of 3 Lakh for the last three fiscal years. Bidders must also demonstrate at least 3 years of past experience in supplying similar machinery. Furthermore, all required certificates such as the OEM authorization must be submitted as part of the documentation.

What technical specifications must the currency counting machines meet for the GEM/2025/B/5857780 tender?

Bidders must ensure that the submitted currency counting machines comply with the technical specifications outlined in the tender documents. These typically include details regarding the counting capacity, accuracy, operational longevity, and user-friendly features. Documentation justifying compliance with these specifications will be needed during the evaluation phase.

How can bidders submit their documents for the GEM/2025/B/5857780 tender?

Submissions for the tender should be made electronically through the designated tender portal. All required documents must be uploaded in the accepted formats as specified in the tender guidelines, ensuring all documents are complete and accurately reflect the company's qualifications and compliance.

What are the payment terms and conditions associated with the GEM/2025/B/5857780 tender?

Payment terms for the tender will be specified in the contract following successful bid acceptance. Typically, terms may involve an advance payment upon order confirmation and the balance due post-delivery and acceptance of the machinery, subject to verification of quality and specifications.

Are there any benefits or provisions for Micro, Small, and Medium Enterprises (MSEs) participating in the GEM/2025/B/5857780 tender?

Yes, MSEs may benefit from special provisions designed to encourage their participation in the tendering process. These can include relaxations in specific eligibility criteria and preferences during the evaluation process. Interested parties should refer to the detailed provisions outlined in the tender documentation for clarity on these benefits.

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