Union Bank of India IT Projects Milestone Tender Mumbai Maharashtra 2026

Tender Overview

Organization: Union Bank of India (UBI) – Department of Financial Services, procuring an agency for IT projects on a milestone basis. Location: MUMBAI, MAHARASHTRA - 400002. Estimated Value and start/end dates are not disclosed; however, the EMD is ₹105,000,000, signaling a large-scale IT services engagement. Tender scope emphasizes milestone-based milestones rather than lump-sum, with a 25% quantity/duration variation clause and 5-25% scope expansion with consent for lump-sum contracts. The BOQ shows 0 items, indicating a potentially framework or SOW-driven procurement. Key differentiator: governance through standard bid variant clauses and service scope adjustments. This tender is issued under GEM guidelines and targets experienced IT service providers capable of delivering milestone-based IT projects for a public financial institution.

Technical Specifications & Requirements

• Product/Service: IT project agency services (milestone-based delivery) for Union Bank of India.
• Delivery scope: Milestone-based project management for IT initiatives; exact tasks and milestones are defined in an attached SOW file (BOQ shows 0 items, suggesting a formal scope attachment).
• Value indicators: EMD ₹105,000,000 indicates high financial risk and compliance requirements; no itemized quantity data is publicly listed.
• Standards/Compliance: Not specified in the data; bidders should review attached SOW and GEM terms for technical and governance expectations.
• Experience: Required technical capability to manage IT projects within a banking environment; no explicit years stated in the data.
• Location relevance: Tender is Mumbai-based, aligning with Maharashtra state procurement standards.

Terms, Conditions & Eligibility

• EMD: ₹105,000,000 as security deposit.
• Quantity/Duration variation: up to 25% increase before contract issue; post-issue, up to 25% increase; for lumpsum contracts, scope/value may increase by up to 25% with consent.
• SOW attachment: Bid includes a dedicated SOW file; bidders must review it to finalize scope.
• BOQ: No items listed; implications: scope is defined in the SOW or attachments rather than a traditional BOQ.
• Documentation: Compliance with GST, PAN, and bank-specific procurement documents as per typical UBI tender requirements; specific list to be provided in Terms & Conditions attachments.
• Payment terms: Not specified; review attached terms for milestone-based payments and penalties.
• Penalties/LD: Not specified; confirm in SOW and buyer terms.
• Delivery timeline: Not disclosed; to be defined in SOW.