IIM Mumbai Lifts (Elevators) O&M Tender 2026 Maharashtra - 750000 INR Estimated Value, 15,000 INR EMD
Indian Institute Of Management (iim)
MUMBAI, MAHARASHTRA
Posted:
25 February 2026
Closed:
18 March 2026
GEM
GEM
IIM Mumbai Lifts Maintenance Tender Maharashtra 2026 – O&M of Complete Elevator System
Bid Publish Date
15-Jul-2026, 12:48 pm
Bid End Date
25-Jul-2026, 1:00 pm
EMD
₹45,000
Value
₹22,50,000
Location
Progress
Issue15-Jul-2026, 12:48 pm
AwardPending
Quantity
1
Bid Type
Two Packet Bid
Tender Overview
The Indian Institute of Management (IIM Mumbai) invites bids for the complete operation and maintenance of elevator systems in Mumbai, Maharashtra 400002. Estimated contract value is ₹2,250,000 with an EMD of ₹45,000. The scope covers full lifecycle O&M of lifts in the campus facilities, requiring service capability within the state and a dedicated support channel. The buyer allows quantity or duration adjustments up to 25% at contract issue/award, enhancing flexibility for lump-sum service contracts. An in-state service provider office is mandatory, with documented proof required. A dedicated toll-free number and an escalation matrix must be provided by the bidder or OEM. FDR or online payment options are permitted as performance security, with delivery of original FDR within 15 days of award.
Technical Specifications & Requirements
- Category: Operation and Maintenance Of Lifts - Complete System
- Location: Mumbai, Maharashtra
- Estimated Value: ₹2,250,000; EMD: ₹45,000
- Service Scope: Complete lift system O&M (no BOQ items specified)
- Eligibility/Capabilities: In-state service provider office; dedicated toll-free service line; escalation matrix
- Security/Performance: FDR or online RTGS/net banking as performance security; payment details must reference the contract and seller
- Additional Terms: Quantity/duration flexibility up to 25%; online payment to IIM Mumbai Main Account
Terms, Conditions & Eligibility
- EMD: ₹45,000 (as per terms)
- Quantity/Durations: Increase/decrease up to 25% at issue; post-award up to 25%
- Service Office: Must be located in the state of consignee with documentary evidence
- Support: Dedicated toll-free number and escalation matrix required
- Security: FDR or online payment accepted; original FDR to be delivered within 15 days; payment transfer reference must be supplied
- Documentation: Submit required security, technical compliance, and registration details per tender terms
Key Specifications
-
- Product/Service: Operation and Maintenance Of Lifts - Complete System
-
- Estimated value: ₹2,250,000; EMD: ₹45,000
-
- Delivery/Implementation: On-going O&M services post-award; no fixed BOQ items
-
- Standards/Certifications: Not specified in tender data
-
- Performance/security: FDR or RTGS/online payment; contract-specific payment terms
-
- Eligibility: In-state service provider office; dedicated service line; escalation matrix
Terms & Conditions
-
25% quantity/duration flexibility at contract issue and post-award
-
In-state service office with documentary evidence required
-
Dedicated toll-free service number and escalation matrix must be provided
-
EMD and security via FDR or online RTGS; original FDR within 15 days
Important Clauses
Payment Terms
Performance security may be provided as FDR or online RTGS; reference contract and seller in transfer; original FDR to be delivered within 15 days of award
Delivery Schedule
O&M services commence on contract award; continuous operation with defined response times via dedicated service line
Penalties/Liquidated Damages
Not explicitly specified in provided terms; potential penalties for non-performance to be inferred from standard GeM terms
Bidder Eligibility
-
Must have an in-state (Maharashtra) service presence with verifiable office
-
Demonstrated experience in elevator O&M for similar facilities
-
Financial capacity to support ongoing maintenance contracts
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Operation And Maintenance Of Lifts (Elevators) - Complete System
Advisory Bank
State Bank of India
ePBG Percentage
5%
ePBG Duration (Months)
42
Delivery Details
Delivery Locations
1
Delivery Cities
Mumbai Suburban
Delivery Pincodes
400087
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Ramotar Kumawat | 400087,Indian Institute of Management Mumbai Vihar Lake Road, Powai Mumbai- 400087 | Mumbai Suburban | Maharashtra | 400087 | 1 | - | Number of months for which Operations & Maintenance service is required during contract period : 36 |
Authority Records
MINISTRY OF EDUCATIONHIGHER EDUCATION DEPARTMENT
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Documents 6
GeM-Bidding-9609028.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
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GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
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(Historical Results)
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GEM
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Required Documents
1
GST registration certificate
2
Permanent Account Number (PAN) card
3
Experience certificates for similar lift O&M projects
4
Financial statements / turnover details
5
EMD submission proof (online transfer receipt or bank guarantee)
6
Technical bid documents and compliance certificates
7
OEM authorization (if applicable)
8
Proof of service office in-state (Mumbai/ Maharashtra)
Frequently Asked Questions
Key insights about MAHARASHTRA tender market
How to bid for the lift O&M tender in Mumbai 2026?
To bid, ensure your firm has an in-state office in Maharashtra, submit EMD of ₹45,000, provide financial statements, and demonstrate elevator O&M experience. Attach online RTGS payment proof or FDR for security, and include a clear escalation matrix and toll-free service number.
What documents are required for lift maintenance tender in Mumbai?
Required documents include GST certificate, PAN, experience certificates for similar O&M projects, financial statements, EMD proof, OEM authorizations (if applicable), and proof of in-state service office. Submit technical bid and compliance certificates in the bid package.
What is the EMD amount for the IIM Mumbai lift tender?
The EMD amount is ₹45,000. Bid security can be provided via online RTGS or a bank guarantee, with the original FDR delivered within 15 days of award if chosen as security.
What are the payment terms for the lift O&M contract?
Payment terms permit performance security via FDR or online RTGS; contract should reference the seller entity. Details specify delivery of security documents and timely payment processing following contract milestones as per GeM guidelines.
What delivery requirements exist for in-state service providers?
The bidder must maintain an in-state service office with documentary evidence. A dedicated toll-free service line and escalation matrix must be provided to ensure prompt on-site response and issue resolution for Mumbai lift systems.
Which quantities/durations adjustments are allowed for this tender?
The buyer can adjust contract quantity or duration by up to 25% at contract issue, and the same adjustment is permitted post-award, subject to mutual consent for lump-sum service contracts.
Which security options are acceptable for performance under this tender?
Acceptable security options include FDR or online RTGS payments to the IIM Mumbai main account; the transfer must reference contract details, and the original FDR must be delivered within 15 days of award.
What is the estimated value and EMD for the lift maintenance bid?
The estimated contract value is ₹2,250,000, with an EMD of ₹45,000. Bidders should prepare financials and security deposits accordingly and align their bids to the 25% variation flexibility.
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Documents 6
GeM-Bidding-9609028.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS