Punjab National Bank IT Projects Milestone Tender Central Delhi 2025

Tender Overview

Punjab National Bank invites bids for Hiring of Agency for IT Projects- Milestone basis in Central Delhi, Delhi 110002. The procurement involves engagement of an agency on a milestone basis to deliver specified IT project activities. EMD: ₹12,80,000 strengthens bid security. The BOQ shows 0 items, indicating a project-based scope likely defined by milestones rather than itemized quantities. The clause allows a bidirectional quantity/duration adjustment of up to 25% at contract issuance and during execution, aligning with agile IT delivery. This tender originates from a major national bank seeking specialized IT project management and implementation support under a milestone-driven contract. Unique aspects include a flexible scope mechanism and centralized urban location for governance and delivery coordination.

Technical Specifications & Requirements

• Category: IT Projects procurement on a milestone basis for banking sector projects
• BOQ items: 0 items listed; implies scope defined by milestones, deliverables, and acceptance criteria rather than fixed quantities
• EMD: ₹12,80,000 (bid security) to be submitted with bid
• ATC clause: Quantity or contract duration can be adjusted up to 25% at contract issuance and subsequently within the same cap; bidders must accept revised scope
• Specifications availability: Not specified; indicates reliance on project milestones and bank-defined acceptance criteria
• Location impact: Central Delhi (110002) supports close coordination with PNB IT governance teams
• Delivery framework: Milestone-based delivery, risk-sharing, and milestone acceptance processes expected; no IS/ISO standards explicitly stated in data
• Experience relevance: IT project management capability for banking sector delivery implied by tender nature

Terms, Conditions & Eligibility

• EMD: ₹12,80,000; mode not detailed beyond security requirement
• Delivery scope: Milestone-driven; flexible quantity/duration within 25% cap
• Payment terms: Not specified in data; standard procurement practice likely applies post-milestone acceptance
• ATC: Flexible adjustment rights extend to bid issuance and execution phases
• Documents: Not listed here; bidders must prepare standard IT project bid packages (certifications, financials, etc., per terms)
• BOQ: No items; emphasis on deliverables, timelines, and milestone acceptance
• Warranty/Support: Not specified