Open Tender for Safes (V2) as per IS 550 in VADODARA, GUJARAT

The eligibility requirements include being a registered entity with a minimum average annual turnover of 62 Lakh. Bidders must also possess at least 3 years of past experience in a related field and provide all necessary documentation including an OEM Authorization Certificate. Specifically, MSEs and startups can apply for exemptions from the years of experience criterion, provided they supply adequate supporting documents.

The technical specifications mandate that safes be built in accordance with IS 550 standards. This includes criteria such as structural integrity, advanced locking mechanisms, and resistance to unauthorized access and attacks. Bidders must ensure their products meet or exceed these criteria to qualify for evaluation.

Bidders must provide evidence of their financial capability, including past performance documentation indicating at least 50% fulfillment of the tender value and proof of the average turnover of 62 Lakh. Hence, financial documentation is critical to confirming the bidder’s ability to fulfill the contract obligations.

Tender submissions must be made electronically and comply with the formats outlined in the tender documentation. All required documents must be uploaded to the designated bidding platform, ensuring compliance with submission guidelines specified in the tender documents. Detailed instructions can be found in the following link provided in the main document attached.

MSEs and startups enjoy certain benefits, including exemptions from the stringent experience requirements often applied in traditional procurement processes. This encourages participation from smaller businesses, slow growth companies, and promotes adherence to the 'Make in India' initiative, which emphasizes local sourcing and production standards.