Open Tender for Custom Bid for Services - APPOINTMENT OF CREDIT RATING AGENCY FOR KIOCL LIMITED in BANGALORE, KARNATAKA
Progress
RAPublic procurement opportunity for Kiocl Limited Custom Bid for Services - APPOINTMENT OF CREDIT RATING AGENCY FOR KIOCL LIMITED in BANGALORE, KARNATAKA. Quantity: 1 issued by. Submission Deadline: 28-02-2025 16: 00: 00. View full details and respond.
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | ACUITE RATINGS & RESEARCH LIMITED Under PMA | 27-02-2025 17:56:35 | |
| 2 | CARE RATINGS LIMITED Under PMA | 25-02-2025 17:13:54 | |
| 3 | ICRA LIMITED Under PMA | 27-02-2025 13:59:31 | |
| 4 | INFOMERICS VALUATION AND RATING PRIVATE LIMITED Under PMA | 27-02-2025 13:09:31 |
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 |
|---|---|---|---|
| L1 | CARE RATINGS LIMITED Under PMA Winner | ₹3,83,500 | Item Categories : Custom Bid for Services - APPOINTMENT OF CREDIT RATING AGENCY FOR KIOCL LIMITED |
| L2 | ACUITE RATINGS & RESEARCH LIMITED Under PMA | ₹3,99,000 | Item Categories : Custom Bid for Services - APPOINTMENT OF CREDIT RATING AGENCY FOR KIOCL LIMITED |
| L3 | ICRA LIMITED Under PMA | ₹12,39,000 | Item Categories : Custom Bid for Services - APPOINTMENT OF CREDIT RATING AGENCY FOR KIOCL LIMITED |
🎉 L1 Winner
CARE RATINGS LIMITED Under PMA
Final Price: ₹3,83,500
Contract / Result Documents 1
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Reverse Auction Schedule
Start
27-Mar-2025, 10:00 am
End
28-Mar-2025, 10:00 am
Duration: 24 hours
Reverse Auction Document
✅ RA concluded. Check financial results for final rankings.
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
90 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
RA Qualification Rule
H1-Highest Priced Bid Elimination
Tech Clarification Time
2 Days
Preference & Exemptions
Startup Exemption (Experience)
Yes
Requirements
Min. Avg. Annual Turnover
3
Experience Required
7 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
Yes
Item Category
Custom Bid for Services - APPOINTMENT OF CREDIT RATING AGENCY FOR KIOCL LIMITED
Authority Records
BID & GeM Expert Consultancy
End-to-end support — bid preparation, GeM registration, document filing & compliance by industry experts.
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Documents 8
GeM-Bidding-7273430.pdf
Main Document
DOC
OTHER
DOC
OTHER
DOC
OTHER
Scope Of Work Document
SCOPE_OF_WORK
Payment Terms & Condition
PAYMENT
BOQ Document
BOQ
DOC
OTHER
Required Documents
Experience Criteria
Bidder Turnover
Certificate (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
Frequently Asked Questions
Key insights about KARNATAKA tender market
What are the eligibility requirements for GEM/2024/B/5728501?
The eligibility requirements include being a registered entity and demonstrating relevant experience in credit rating services. Bidders must also show sufficient financial turnover in similar services. Any bidder seeking exemption from the experience or turnover criteria must provide adequate supporting documents to establish their eligibility.
What certificates are required for the Application?
Bidders must submit relevant certificates, including experience certificates relevant to credit rating services and audited financial statements from the last three fiscal years. Compliance with the specified documentation is essential to proceed with the tender application.
What is the registration process for this tender?
The registration process involves submitting an application through the electronic tendering portal, including all necessary documentation. Interested bidders should ensure they meet the eligibility criteria before registering and must adhere to the guidelines outlined in the tender documents.
What are the financial requirements and payment terms for the tender?
Bidders must maintain strong financial health, which includes submitting audited financial statements. The specifics regarding payment terms and earnest money deposit (EMD) details can be found in the payment terms document, which outlines conditions for payment upon service completion.
How will the evaluation and selection process be conducted?
The evaluation and selection of proposals will follow a total value-wise evaluation method. This process involves assessing the technical capability, financial stability, and compliance with the defined eligibility criteria to ensure the selection of the most effective bid for KIOCL Limited.
Including these FAQs ensures clarity and provides relevant information for potential bidders aiming to participate in this crucial tender opportunity.