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SIDBI IT Projects Milestone Tender Mumbai Maharashtra 2026 - Milestone Basis Agency Hiring

Bid Publish Date

28-Apr-2026, 5:35 pm

Bid End Date

15-Jun-2026, 3:00 pm

EMD

₹5,70,000

Value

₹5,50,00,000

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Progress

Issue28-Apr-2026, 5:35 pm
Corrigendum04-Jun-2026
AwardPending
Explore all 4 tabs to view complete tender details

Quantity

1

Bid Type

Two Packet Bid

Tender Overview

Small Industries Development Bank Of India (SIDBI), Department of Financial Services, invites bids for Hiring of Agency for IT Projects on a Milestone basis in Mumbai, Maharashtra 400002. The project has an estimated value of ₹55,000,000 and an EMD of ₹570,000. There are no BOQ items listed. The tender includes an option clause permitting up to 25% variation in contract quantity or duration at contract issuance and post-issuance. This procurement focuses on IT project management services via milestone-based payments and deliverables.

Technical Specifications & Requirements

  • No specific technical specifications provided in the tender data; the ATC references are hosted in the attached documents.
  • EMD amount: ₹570,000 required to participate.
  • Estimated value: ₹55,000,000 for the overall contract.
  • Quantity/duration flexibility: Buyer can adjust contract quantity or duration by up to 25% at award and later within the same limit.
  • ATC/document references: Detailed RFP and ATC documents are linked in the tender; bidders should review for compliance requirements.
  • Category: IT project implementation / milestone-based delivery model; no itemized BOQ present.

Terms & Eligibility

  • EMD requirement: ₹570,000; payment method per tender rules.
  • Delivery timeline: Not explicitly specified in the provided data; bidders must refer to the detailed RFP.
  • ATC/ATCs: As per detailed RFP; ensure alignment with all buyer-added terms.
  • Contract variation: Up to 25% quantity/duration adjustment permissible.
  • Submission readiness: Prepare organizational capabilities for IT project management on milestone basis and demonstrate prior experience in similar engagements.

Key Specifications

  • Product/Service: Hiring of Agency for IT Projects on milestone basis

  • Estimated contract value: ₹55,000,000

  • EMD: ₹570,000

  • Location: Mumbai, Maharashtra (400002)

  • Quantity/Durations: variance up to 25% allowed at contract issuance and post-award

  • No BOQ items available in current data; refer to detailed RFP/ATC for scope

  • Delivery/Performance: Defined in RFP; review for milestone-based payments and deliverables

  • Standards/Compliance: Not specified in data; rely on detailed RFP/ATC

Terms & Conditions

  • EMD of ₹570,000 required; payment as per tender terms

  • Contract quantity/duration may be adjusted up to 25% at award and post-award

  • Milestone-based IT project delivery with defined acceptance criteria in RFP

Important Clauses

Payment Terms

Milestone-based payments linked to deliverables; EMI/Advance terms placed in RFP; ensure alignment with EMD submission

Delivery Schedule

Not specified in data; refer to detailed RFP for milestone dates and acceptance criteria

Penalties/Liquidated Damages

Details not provided; to be confirmed in RFP/ATC

Bidder Eligibility

  • Experience in IT project management or software delivery on milestone basis

  • Demonstrated financial stability (financial statements for last 3 years)

  • GST registration and PAN validity

  • Capability to absorb 25% variation in contract quantity/duration

Additional Tender Data

Commercial Details

Tender Category

Service

Bid To RA

No

Bid To RA Enabled

No

Item Category

Hiring of Agency for IT Projects- Milestone basis

Authority Records

MINISTRY OF FINANCEFINANCIAL SERVICES DEPARTMENT
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Documents 6

GeM-Bidding-9169272.pdf

Main Document

Scope Of Work Document

SCOPE_OF_WORK

Payment Terms & Condition

PAYMENT

Other Documents

OTHER

Buyer uploaded ATC document

ATC

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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Historical Data

Required Documents

1

GST Registration Certificate

2

PAN Card

3

Experience Certificates (IT project management or related engagements)

4

Financial Statements (last 3 financial years)

5

EMD payment proof (₹570,000) via DD/online as per tender guidelines

6

Technical Bid/Compliance Certificates (as per RFP/ATC)

7

OEM authorizations or partner agreements (if applicable)

8

Company profile and relevant project references

Corrigendum Updates

2 Updates
#1

Update

04-Jun-2026
#2

Update

22-May-2026

Extended Deadline

15-Jun-2026, 3:00 pm

Opening Date

15-Jun-2026, 3:30 pm

Frequently Asked Questions

Key insights about MAHARASHTRA tender market

How to bid for SIDBI IT projects milestone tender in Mumbai 2026?

Bidders must submit GST, PAN, and experience certificates, along with financial statements and EMD of ₹570,000. Review the detailed RFP/ATC for milestone deliverables and ensure compliance with the 25% variation clause. Prepare technical and financial bid as per tender guidelines and upload via the portal.

What documents are required for SIDBI IT procurement in Mumbai?

Required documents include GST registration, PAN card, 3 years financial statements, experience certificates for IT projects, EMD payment proof of ₹570,000, technical bid compliance certificates, and OEM authorizations if applicable. Ensure signatures, stamps, and scanned copies are legible for portal submission.

What is the estimated value and EMD for SIDBI IT tender?

The estimated value is ₹55,000,000 for the IT milestone project, with an EMD of ₹570,000. Ensure EMD is paid online or via DD as per tender guidelines and attach payment receipt in the bid submission to validate eligibility.

What are the milestone-based delivery requirements for this SIDBI tender?

The RFP specifies milestone-based payments; exact deliverables and acceptance criteria are in the detailed ATC. Bidders should map project phases to milestones, confirm timelines, and align resource allocation to meet milestone deadlines to avoid penalties.

What are the variation limits for contract quantity in this SIDBI bid?

The buyer allows up to 25% variation in contract quantity or duration at the time of issue of the contract and again post-award. Bidders must plan for flexible scope and ensure capability to scale resources accordingly.

How to verify eligibility criteria for SIDBI IT procurement in Maharashtra?

Confirm eligibility by providing valid GST and PAN, demonstrated IT project delivery experience, and financial stability. Ensure compliance with ATC terms, attach OEM authorizations if required, and verify the portal's uploaded technical/commercial bid format.

Which documents prove IT project management capability for this Mumbai tender?

Submit project references or case studies demonstrating milestone-based IT delivery, client names, scope, durations, and outcomes. Include contactable references and any IS/ISO certifications that strengthen credibility under RFP requirements.

When is the bid submission for SIDBI IT milestone tender due in Mumbai 2026?

Exact submission deadlines are in the detailed RFP/ATC. Access the portal's tender documents, note the last date, ensure all documents (EMD, GST, PAN, experiences, financials) are uploaded before the closing time to avoid rejection.

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