REC Limited Forex Risk Management Consultant Tender Gurgaon Haryana 2026 - Financial Advisory Services Offsite
Progress
Key Highlights
- • REC Limited procurement for Forex Risk Management Consultant in Gurgaon, Haryana
- • Estimated contract value ₹1,416,000 and EMD ₹25,000
- • EMD submission options: DD, Banker's Cheque or online RTGS/internet banking
- • Online payment must include bid number and bidding entity details
- • Performance Security can be submitted online (PBG) or via online payment within 15 days of award
- • No BOQ items listed; indicates advisory service scope rather than product delivery
- • Submit all required certificates/documents as per Bid Document, ATC and Corrigendum
Tender Overview
Organization: Rural Electrification Corporation Limited (REC Limited) seeks a Forex Risk Management consultant under the broader Financial Advisory Services - Offsite category in Gurgaon, Haryana. Estimated contract value is ₹1,416,000 with an EMD of ₹25,000. Bidders may submit EMD via DD, Banker's Cheque or online RTGS/Internet Banking to REC Limited, Gurugram, and must upload proof with the bid. Hard copies are required within 5 days of bid end/opening. This tender emphasizes compliance, certificate submission, and online payment traceability. The absence of BOQ lines suggests a services-based engagement with defined deliverables to support foreign-exchange risk management.
Technical Specifications & Requirements
- Procurement category: Financial Advisory Services - Offsite; Forex Risk Management Consultant for REC Limited.
- Estimated value: ₹1,416,000; EMD: ₹25,000.
- Payment modes for EMD: DD, Banker’s Cheque, or RTGS/internet banking to REC Limited; online transfer must mention bid number and bidding entity.
- Security deposit / PBG: Accepted, with online submission option for performance security within 15 days of award.
- Documentation: Upload required certificates/documentation per bid terms; failure to submit may lead to rejection.
- BOQ: No items listed; scope appears to be advisory service rather than physical deliverables.
- Location constraint: Tender issued for Gurgaon, Haryana; ensure compliance with local procurement regulations and GeM terms.
Terms, Conditions & Eligibility
- Certificates: Upload all required certificates as per Bid document, ATC, and Corrigendum.
- EMD submission: DD/BC or online RTGS to REC Limited; proof of payment must be uploaded with bid.
- Online payment: Transaction details must reference contract/bid numbers; ensure timely submission of hardcopy EMD within 5 days.
- Performance Security: Option to submit online PBG or online payment for security; due within 15 days of award.
- Penalty/return terms: As per GeM GTC; bidders should adhere to all buyer-added terms and ATC.
Key Specifications
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Product/Service: Forex risk management advisory services
-
Estimated value: ₹1,416,000
-
EMD: ₹25,000
-
Delivery location: Gurgaon, Haryana
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Payment terms: EMD via DD/BC or RTGS/online; online payment requires bid reference
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Security: Performance security payable online or as per GeM GTC
Terms & Conditions
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EMD amount and payment options with proof submission
-
Delivery/compliance aligned to GeM terms and ATC
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All necessary certificates to be uploaded with bid
Important Clauses
Payment Terms
EMD may be paid via DD, Banker's Cheque, or online RTGS/internet banking; online payments must reference bid number and bidder name; performance security allowed online with 15-day submission window post-award.
Delivery Schedule
No physical goods delivery timeline specified; scope implies advisory services post-award with compliance to REC GeM terms.
Penalties/Liquidated Damages
Penalties governed by GeM GTC and buyer-added terms; ensure timely submission of documents to avoid bid rejection.
Bidder Eligibility
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Proven experience in forex risk management or financial advisory
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Compliance with GST, PAN, and financial statements submission
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Ability to submit EMD via multiple modes and provide online payment proof
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
180 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
Yes
MII Compliance
Yes
MSE Exemption/Relaxation
Yes
Startup Exemption/Relaxation
Yes
Bid Splitting Applied
No
Requirements
Min. Avg. Annual Turnover
991
Experience Required
3 Year (s)
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Financial Advisory Services - Offsite; Forex Risk Management Consultant
Advisory Bank
HDFC Bank
ePBG Percentage
5%
ePBG Duration (Months)
14
Payment Timelines
Payments shall be made to the Seller within 25 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Delivery Locations
1
Delivery Cities
Gurugram
Delivery Pincodes
122001
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Virendra Patidar | 122001,REC Ltd, Plot No. I-4, Sector 29, Near IFFCO Chowk Metro Station, Gurugram, Haryana 122001 | Gurugram | Haryana | 122001 | Project / Lumpsum Based | - | - |
Authority Records
BID & GeM Expert Consultancy
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Documents 6
GeM-Bidding-9884117.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
10
Corrigendum Updates
1 Update Update
Extended Deadline
09-Oct-2026, 9:30 am
Opening Date
10-Oct-2026, 9:30 am
Required Documents
GST registration certificate
Permanent Account Number (PAN) card
Experience certificates for forex risk management or financial advisory
Financial statements (last 2-3 years)
EMD payment proof (DD/BC or online transfer receipt)
Technical bid documents and compliance certificates
OEM authorizations or consultant qualifications (if applicable)
Certificate of incorporation or LLP status (as applicable)
Frequently Asked Questions
Key insights about HARYANA tender market
How to bid for forex risk management tender in Gurgaon?
Bidders must submit all required certificates, EMD via DD/BC or online RTGS, and upload proof with the bid. Ensure GST, PAN, and experience certificates are included; online payment details must reference the bid number and bidder name, with hard copies delivered within 5 days of bid end.
What documents are required for REC Limited forex advisory bid 2026?
Submit GST certificate, PAN, experience certificates in forex risk management, financial statements, EMD proof, technical bid and any OEM authorizations or consultant qualifications; ensure all certificates match the bid document and ATC.
What is the EMD amount and payment method for this tender?
EMD is ₹25,000. Acceptable methods are DD, Banker’s Cheque, or online RTGS/internet banking to REC Limited; upload scanned proof of payment with the bid and send hard copies within 5 days after bid end/opening.
What are the delivery terms for the REC forex advisory contract?
The tender specifies advisory services with no physical goods; delivery is project-based and governed by GeM GTC terms and buyer ATC; ensure timely submission of certificates and alignment with REC guidelines.
What are the payment terms after contract award for forex advisory?
Payment terms align with GeM and REC terms; ensure submission of online performance security within 15 days of award; payments may be processed upon milestone or completion per contract annexures.
How to ensure eligibility criteria for REC Limited forex tender in Haryana?
Meet experience in forex risk management, provide financial statements demonstrating stability, maintain valid GST and PAN credentials, and upload all required documents; online EMD proof is mandatory.
What certifications or standards are required for the bid submission?
Submit relevant certifications and compliance documents per bid terms; ensure accuracy of GST, PAN, and any forex risk management credentials; upload ATC-compliant certificates and any OEM authorizations if applicable.
When is the hard copy EMD due after bid submission?
Though online submission is allowed, hard copies of EMD must reach the buyer within 5 days of the bid end date/opening date; ensure delivery to REC Limited, Gurugram as specified.