Bureau of Indian Standards Financial Advisory Services Tender Central Delhi 2025 - EMD ₹15000, Estimated ₹5.25 Lakh with 25% Option Clause

Tender Overview

Organization: Bureau of Indian Standards (bis) — procurement of Financial Advisory Services (Offsite; Investment) for the Department of Consumer Affairs in Central Delhi, Delhi 110002. Estimated value: ₹5,25,000 with an EMD of ₹15,000. Tender allows Excess Settlement for additional charges and offers an Option Clause permitting quantity or duration adjustments up to 25%. EMD options include payment via DD, FD R or Banker’s Cheque with hardcopy delivery within 5 days post bid end/open date. No BOQ items are listed, indicating a services-driven engagement rather than goods consignments. This procurement emphasizes financial advisory services in the government sector with emphasis on compliance, risk management, and service-level obligations. Unique terms include bidder solvency undertakings, non-transferability, and joint liability clauses for subcontracting. The tender prioritizes reliable financial partners capable of handling public-sector project governance and compliance requirements.

Technical Specifications & Requirements

• Product/Service: Financial advisory services for investment management and related offsite support.
• Estimated Value: ₹5,25,000; EMD: ₹15,000.
• Standards/Compliance: Not specified in the data; bidders should align with BIS procurement norms and generic public procurement standards.
• Delivery/Timeline: Not explicitly defined; contract quantity/duration can adjust up to 25% pre- and post-issuance.
• Qualification: Bidder should provide undertaking regarding non-liquidity, bankruptcy, or receivership.
• EMD/Payment Terms: EMD via DD/FDR/Banker’s Cheque with scanned proof; hardcopy delivered within 5 days of bid end/open.
• Liability: Sub-contracting permitted only with buyer consent; joint and several liability remains with the seller.

Terms, Conditions & Eligibility

• EMD: ₹15,000; payment methods include DD, FDR, or Banker’s Cheque payable to BIS, New Delhi. Hardcopy must reach within 5 days of bid end/open.
• Financial Standing: Bidder must not be in liquidation or bankruptcy; provide undertaking.
• Option Clause: 25% adjustment capability for quantity or duration; bid acceptance of revised terms.
• Assignment/Sub-contracting: Requires prior written consent; bidder remains liable for obligations.
• Delivery & Payment Terms: Not detailed; default to standard BIS public procurement terms; ensure compliance with tender terms.