GEM

Punjab National Bank IT Projects Milestone Tender Central Delhi 2025

Posted

17 Oct 2025, 03:56 pm

Deadline

07 Nov 2025, 04:00 pm

EMD

₹12,80,000

Location

CENTRAL DELHI , DELHI

Progress

Issue17 Oct 2025, 03:56 pm
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

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

Key Specifications

  • IT project management capability for milestone-based delivery

  • Milestone acceptance criteria defined by organization (not provided)

  • EMD amount ₹12,80,000 as bid security

  • No BOQ items; scope defined by milestones and deliverables

  • 25% quantity/duration adjustment cap at contract issue and during execution

Terms & Conditions

  • 25% milestone quantity/duration adjustment rights

  • EMD of ₹12,80,000 required with bid

  • No itemized BOQ; scope by milestones and deliverables

Important Clauses

Payment Terms

Brief description of payment conditions

Delivery Schedule

Brief description of delivery requirements

Penalties/Liquidated Damages

Brief description of penalty clauses if any

Bidder Eligibility

  • Eligibility criterion 1

  • Eligibility criterion 2

  • Eligibility criterion 3

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Required Documents

1

GST certificate

2

PAN card

3

Experience certificates for similar IT projects

4

Financial statements

5

EMD submission document

6

Technical bid documents

7

OEM authorizations (if applicable)

Frequently Asked Questions

How to bid for IT milestone projects tender in Delhi?

Bidders should prepare IT project experience proof, submit GST and PAN, attach EMD ₹12,80,000, and provide milestone-based delivery plan. Ensure readiness for 25% scope adjustment during contract issuance and execution, with acceptance criteria defined by Punjab National Bank.

What documents are required for PNB IT milestone bid 2025?

Required documents include GST certificate, PAN, experience certificates for similar IT projects, financial statements, EMD submission proof, technical bid, and any OEM authorizations relevant to the IT services proposed. Ensure all documents are current and notarized where applicable.

What are the delivery and milestone acceptance terms for this tender?

Delivery is milestone-based with flexibility to adjust scope up to 25% at contract issuance and during execution. Acceptance is tied to bank-defined milestones and performance criteria, with payments tied to milestone completion as per the bank’s internal policy.

What is the EMD amount for the Punjab National Bank IT tender?

The EMD amount is ₹12,80,000. Bidders must submit this security with the bid, via the designated payment method. EMD ensures bid seriousness and eligibility for evaluation.

Which location is targeted for the PNB IT milestone tender in 2025?

The tender is targeted for Central Delhi, Delhi 110002. Bidders should align delivery teams and governance with PNB’s central office for timely collaboration and milestone reviews.

What standards or certifications are required for this PNB IT project bid?

No specific technical standards are listed in the data. Bidders should showcase relevant IT project management credentials and banking sector delivery experience; ensure compliance with general financial services IT governance requirements.

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