Hiring of Agency for IT Projects- Milestone basis
Bank Of India
MUMBAI, MAHARASHTRA
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
Location
Progress
Quantity
1
Bid Type
Two Packet Bid
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.
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
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
Milestone-based payments linked to deliverables; EMI/Advance terms placed in RFP; ensure alignment with EMD submission
Not specified in data; refer to detailed RFP for milestone dates and acceptance criteria
Details not provided; to be confirmed in RFP/ATC
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
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Hiring of Agency for IT Projects- Milestone basis
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Main Document
SCOPE_OF_WORK
PAYMENT
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS
Bank Of India
MUMBAI, MAHARASHTRA
N/a
BANGALORE, KARNATAKA
Uco Bank
NORTH 24 PARGANAS, WEST BENGAL
Uco Bank
Central Warehousing Corporation (cwc)
Tender Results
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GST Registration Certificate
PAN Card
Experience Certificates (IT project management or related engagements)
Financial Statements (last 3 financial years)
EMD payment proof (₹570,000) via DD/online as per tender guidelines
Technical Bid/Compliance Certificates (as per RFP/ATC)
OEM authorizations or partner agreements (if applicable)
Company profile and relevant project references
Extended Deadline
15-Jun-2026, 3:00 pm
Opening Date
15-Jun-2026, 3:30 pm
Key insights about MAHARASHTRA tender market
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.
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.
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.
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.
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.
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.
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.
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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Main Document
SCOPE_OF_WORK
PAYMENT
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS