Bids are Invited For Custom Bid for Services - Selection of Vendor for conducting Money Laundering Terror Financing Inte in BANGALORE, KARNATAKA

The eligibility requirements include being a registered entity capable of performing services within the banking sector, demonstrating prior experience in conducting money laundering or terror financing risk assessments, and having qualified personnel with certifications in relevant fields.

What documents are required to be submitted by bidders?

All bidders must provide a comprehensive proposal including a detailed project plan, documentation proving compliance with eligibility requirements, and a clear and competitive financial bid. The submission must be made in the prescribed document formats stated in the tender guidelines to ensure compliance.

What should applicants know about the Earnest Money Deposit (EMD) associated with this tender?

The Earnest Money Deposit (EMD) is a financial assurance that bidders must submit along with their proposals. The EMD ensures commitment toward the bid and is typically refunded after the evaluation process unless the bidder withdraws their application post-submission. Specific details regarding the amount and submission process can be found in the tender documentation.

How are the submitted proposals evaluated?

Proposal evaluation will take place based on strict criteria assessing both technical and financial aspects. Each bid will be scrutinized for eligibility compliance, quality of the technical proposal, and cost-effectiveness of the financial bid. Shortlisted bidders may undergo interviews or presentations as part of the final selection process.

What provisions exist for Micro, Small, and Medium Enterprises (MSEs) in this tender?

This tender encourages MSEs to participate actively by offering benefits such as the possibility of extended timeframes for compliance and potential financial incentives. These provisions aim to bolster the participation of MSEs and enable their contributions towards achieving the objectives outlined in the tender documentation.