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LIC of India Currency Counting Machine Tender Agra Uttar Pradesh 2025 - V2 Q2 Standards and 1,000,000 Estimated Value

Bid Publish Date

29-Oct-2025, 5:21 pm

Bid End Date

17-Nov-2025, 11:00 am

Value

₹10,00,000

Location

AGRA , UTTAR PRADESH

Latest Corrigendum Available

Progress

RA
Issue29-Oct-2025, 5:21 pm
Reverse AuctionCompleted
Award12-Dec-2025, 1:52 am
Explore all 4 tabs to view complete tender details

Quantity

33

Bid Type

Two Packet Bid

Categories 2

MACHINE CURRENCY COUNTING MACHINE

Tender Overview

The LIC of India, Department of Financial Services, invites bids for a Currency Counting Machine (V2) in Agra, Uttar Pradesh 282001, with an estimated value of ₹1,000,000. The procurement targets a government-grade currency counting solution meeting LIC’s internal needs and compliance requirements. A key differentiator is the option clause allowing up to 25% variation in ordered quantity at contracted rates, with delivery timelines adjusted accordingly. Bidders must comply with Integrity Pact and provide evidence of financial stability. The tender emphasizes GOVT/PSU deployment experience and OEM/partner supply capabilities to ensure seamless supply within LIC’s Agra operations. Unique terms include flexible delivery calculations and required electronic payment alternatives. This opportunity suits suppliers with proven public-sector deployment skills and robust supply chains in Uttar Pradesh.

Technical Specifications & Requirements

  • Product: Currency Counting Machine (V2) – Q2 category
  • Quantity/Value: Estimated ₹1,000,000; no fixed BOQ items available
  • Standards/Certifications: Not specified in tender data; bidders to demonstrate compliance through standard public procurement practices
  • Delivery/Installation: Delivery period linked to original delivery order date; extended time calculations apply under option clause; minimum 30 days if applicable
  • Experience: Minimum 3 years in manufacturing/supply of similar currency counting equipment to Central/State Govt or PSU; provide contract copies
  • Payment/Banking: EMD not explicitly stated; acceptable Performance Security via DD or PBG; online RTGS/internet banking options permitted
  • Compliance: Integrity Pact to be uploaded; GST considerations apply with actual rates; bidder must be financially solvent
  • OEM/Brand: Not specified; emphasis on supplier capability for government procurement

Terms, Conditions & Eligibility

  • EMD/Performance Security: Accepted via DD in favor of LIC OF INDIA (Agra) or online RTGS; DD delivery within 15 days post-award
  • Delivery: Quantity adjustments allowed up to 25% of bid quantity; delivery period adjustments follow a defined formula
  • Experience: 3 years of regular manufacture/supply to govt/PSU; contract copies required
  • Integrity: Signed Integrity Pact mandatory; upload scanned copy with bid
  • GST: Bidder to self-assess GST; reimbursement as per actuals or applicable rates, whichever lower
  • Financial Standing: No liquidation or bankruptcy; provide undertaking
  • Misc: No BOQ items; GeM GTC terms apply; capacity to deliver in Agra, UP

Key Specifications

  • Product/service: Currency Counting Machine (V2) in Q2 category

  • Estimated value: ₹1,000,000

  • Delivery terms: calculated via last date of original delivery order; extended delivery if option clause exercised

  • Experience: minimum 3 years supplying similar govt/PSU equipment

  • Payment terms: DD or online RTGS; PBG allowed; GST as per actuals vs quoted rate

  • Compliance: Integrity Pact mandatory;GE M GTC terms apply

  • Brand/OEM: not explicitly restricted

Terms & Conditions

  • Option Clause: + up to 25% quantity at contracted rates, with adjusted delivery time

  • Delivery: starts after original delivery order date; extended delivery periods follow formula

  • Payment/EMD: EMD not specified; DD or online RTGS/PBG accepted; GST handled at actuals

Important Clauses

Payment Terms

Performance security via DD or PBG; online RTGS permissible; DD to LIC OF INDIA Agra; hard copy delivery within 15 days of award

Delivery Schedule

Delivery period based on original order date; additional time calculated as (Increased quantity ÷ Original quantity) × Original delivery period, minimum 30 days

Penalties/Liquidated Damages

Not explicitly stated; implied LD via standard GeM/GTC terms; ensure timely delivery within extended periods

Bidder Eligibility

  • 3 years of govt/PSU currency counting equipment supply

  • No liquidation or bankruptcy proceedings; provide undertaking

  • GST compliance self-assessment and truthfully reported rates

Documents 4

GeM-Bidding-8525698.pdf

Main Document

Other Documents

OTHER

Buyer uploaded ATC document

ATC

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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Required Documents

1

GST certificate

2

PAN card

3

Experience certificates showing 3 years of govt/PSU supply

4

Financial statements or evidence of financial stability

5

EMD document or equivalent performance security (DD or PBG) details

6

Technical bid documents demonstrating currency counting machine capabilities

7

OEM authorizations or reseller agreements (if applicable)

8

Signed Integrity Pact scanned copy

9

Any prior contract copies with Central/State Govt or PSU

Corrigendum Updates

1 Update
#1

Update

10-Nov-2025

Extended Deadline

17-Nov-2025, 11:00 am

Opening Date

17-Nov-2025, 11:30 am

Reverse Auction Schedule

Completed

Start

03-Dec-2025, 11:00 am

End

04-Dec-2025, 11:00 am

Duration: 24 hours

Reverse Auction Document

✅ RA concluded. Check financial results for final rankings.

Technical Results

S.No Seller Item Date Status
1ALBERTSONS INTERNATIONAL PRIVATE LIMITED   Under PMAMake : ALBERTSONS Model : ANCM-0108-11-2025 18:04:49Qualified
2M/S MICRO SYSTEM   Under PMAMake : OEM GURU Model : FLOOR - SFT-1208 A08-11-2025 11:36:25Disqualified
3METHODEX SYSTEMS PRIVATE LIMITED   Under PMAMake : METHODEX Model : METHODEX HDCCM17-11-2025 00:41:12Qualified
4Raghuveer Enterprises   Under PMAMake : KORES EASYCOUNT Model : Kores Easy Count Kashman II (Floor Model)15-11-2025 13:13:37Disqualified
5TRUE COUNT SYSTEMS PRIVATE LIMITED   Under PMAMake : TRUE COUNT SYSTEMS Model : A3-FT17-11-2025 10:42:42Qualified

Reverse Auction Results Final Prices

These are the final prices after the reverse auction event. Prices may be lower than initial bids.

Rank Seller Final Price Item
L1ALBERTSONS INTERNATIONAL PRIVATE LIMITED(MSE,MII)   Under PMA Winner ₹7,44,810Item Categories : Currency Counting Machine (V2)
L2TRUE COUNT SYSTEMS PRIVATE LIMITED (MSE,MII)   Under PMA₹7,45,800Item Categories : Currency Counting Machine (V2)
L3METHODEX SYSTEMS PRIVATE LIMITED (MII)   Under PMA₹9,53,700Item Categories : Currency Counting Machine (V2)

🎉 L1 Winner

ALBERTSONS INTERNATIONAL PRIVATE LIMITED(MSE,MII)   Under PMA

Final Price: ₹7,44,810

Contract / Result Documents 1

Please sign in or create an account to view contract details and download result documents.

Frequently Asked Questions

Key insights about UTTAR PRADESH tender market

How to bid for LIC currency counting machine tender in Agra 2025

Bidders should prepare GST registration, PAN, 3 years govt/PSU supply experience, and financial statements. Submit Integrity Pact, DD or online RTGS/PBG as performance security, and contract copies proving prior currency counting equipment supply. Ensure compliance with option clause delivering up to 25% more quantity.

What documents are required for LIC currency counting bid in Agra

Required documents include GST certificate, PAN, experience certificates, financial statements, Integrity Pact, OEM authorizations if applicable, DD or PBG for performance security, and contract copies showing prior govt/PSU supply of similar machines.

What are the delivery terms for LIC currency counting machine tender

Delivery starts from the last date of the original delivery order; if the option clause is exercised, extended time is calculated as (increased quantity/original quantity) × original delivery period, with a minimum 30 days, and delivery may be extended up to the original period.

What is the required experience for bidders in this LIC tender

Bidder or OEM must have 3 years of regular manufacturing and supplying similar currency counting equipment to Central/State Govt or PSU, with contract copies for each year to support the claim.

What payment terms apply to LIC currency counting procurement

Payment options include Demand Draft or online RTGS; PBG allowed; GST will be reimbursed per actuals or applicable rates, whichever is lower, with no explicit EMD amount stated in tender data.

What is the scope of the Integrity Pact for this tender

All bidders must upload a scanned signed Integrity Pact as per LIC policy. This ensures compliance with ethical standards; non-compliance may lead to disqualification.

Are there any brand restrictions for currency counting machines in this bid

Tender data does not specify a fixed brand; emphasis is on supplier capability to deliver public-sector currency counting equipment and meeting government procurement standards, with OEM authorizations as applicable.

How is the 25% quantity variation handled for this order

The purchaser may increase or decrease quantity up to 25% during ordering and currency of contract; delivery period adjusts using a defined formula, with a minimum extension of 30 days when applicable.

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