Union Bank of India IT Projects Milestone-Based Agency Hiring Mumbai Maharashtra 2026
Bid Publish Date
27-Sep-2026, 12:00 pm
Bid End Date
04-Nov-2026, 4:00 pm
EMD
₹2,00,000
Location
Progress
Key Highlights
- • Organization: Union Bank of India procurement for IT projects
- • Location focus: Mumbai, Maharashtra (400002)
- • Contract type: Milestone-based IT project agency hiring
- • EMD amount: ₹200,000; payment terms per bid terms
- • SOW attachment referenced; review required for deliverables
- • No BOQ items; scope defined via SOW rather than fixed line-items
- • Governance and IT project compliance expected per DFS norms
- • No explicit standards or certifications stated in data
Tender Overview
Union Bank of India, under the Department of Financial Services, invites bids for a Milestone-based agency for IT projects in Mumbai, Maharashtra. The scope centers on outsourcing IT project management services on a milestone basis, with the primary bid security of ₹200,000. Though the BOQ is empty and no product category details are disclosed, the procurement targets a competent IT services firm capable of delivering project milestones on time, under formal contract terms. The attachment labelled as the SOW may contain project-specific deliverables and evaluation criteria. This tender emphasizes formal documentation and compliance with bank IT project governance, rather than a fixed-item purchase. The opportunity is location-bound to Mumbai and aligns with government-leaning procurement channels, signaling standard vendor registration, financial due diligence, and milestone-based payments.
Technical Specifications & Requirements
- Category: Hiring of Agency for IT Projects - milestone basis
- Estimated value: Not disclosed
- EMD: ₹200,000 (to be paid via the prescribed mode)
- Delivery/Execution model: Milestone-based IT project execution with specified deliverables per stage (as per SOW)
- BOQ items: 0; no quantitative line-items specified
- Standards/Compliance: Not specified in the data; bidders should anticipate standard audit, security, and governance requirements typical of DFS projects
- SOW/documentation: File attachment referenced for scope of work; bidders must review it for deliverables, acceptance criteria, and timelines
- Location: Mumbai, Maharashtra; procurement aligns with city-based IT service delivery
- Experience expectation: Not explicitly stated; the milestone-based IT contract implies project delivery capability and governance experience
Terms, Conditions & Eligibility
- EMD: ₹200,000 due at bid submission
- Delivery timeline: Not specified in data; expect milestone-based delivery with SOW
- Payment terms: Not detailed; typically milestone-based release per SOW
- Documents required: Standard bid pack; GST, PAN, company registration, financials, prior IT project delivery proof, and SOW-compliance documents per terms
- Warranty/Support: Not specified; infer post-implementation support via SOW
- Qualification criteria: Not detailed; bidders should rely on SOW for experience and capability requirements
- Validity & extension: Not stated; conform to DFS tender norms
Key Specifications
-
Project type: IT projects under milestone-based contracting
-
EMD: ₹200,000
-
Location: Mumbai, Maharashtra
-
BOQ items: 0
-
SOW: Attached file to define scope and deliverables
-
Delivery model: Milestone-based with acceptance criteria in SOW
-
Experience: Not explicitly stated; implies vendor with IT project execution capability
Bidder Eligibility
-
Proven ability to deliver IT projects on milestone basis
-
Financial stability demonstrated by audited statements
-
GDPR-like security/compliance readiness for DFS projects (as applicable)
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
180 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
RA Qualification Rule
H1-Highest Priced Bid Elimination
Tech Clarification Time
3 Days
Preference & Exemptions
EMD Required
Yes
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
Bid Splitting Applied
No
Requirements
Min. Avg. Annual Turnover
100
Experience Required
3 Year (s)
Arbitration Clause
Yes (Arbitration clause document) as per DoE OM No.F.1/2/2024-PPD dated 03.06.2024 Arbitration should not be routinely included in contracts
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
Yes
Item Category
Hiring of Agency for IT Projects- Milestone basis
Advisory Bank
State Bank of India
ePBG Percentage
5%
ePBG Duration (Months)
24
Payment Timelines
Payments shall be made to the Seller within 45 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Pre-Bid & Qualification
Pre-Bid Date
12-10-2026 11:00:00
Pre-Bid Venue
Online
Delivery Details
Delivery Locations
1
Delivery Cities
Mumbai Suburban
Delivery Pincodes
400072
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Piyush Chandra | 400072,Union Bank of India, Department of Information Technology, 1/1A Adi Shankaracharya Marg, Opp. to Powai Lake, Powai, Andheri East, Mumbai 400072 | Mumbai Suburban | Maharashtra | 400072 | Project / Lumpsum Based | - | - |
Authority Records
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Documents 7
GeM-Bidding-9952894.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
2 Updates Update
Update
Extended Deadline
04-Nov-2026, 10:30 am
Opening Date
05-Nov-2026, 10:30 am
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Required Documents
GST registration certificate
Permanent Account Number (PAN) card
Company registration documents
Experience certificates for IT project delivery
Financial statements and turn-over details
EMD payment receipt or proof
Technical bid and SOW compliance documents
OEM authorizations (if applicable) and security/compliance certificates
Frequently Asked Questions
Key insights about MAHARASHTRA tender market
How to bid for IT projects milestone-based tender in Mumbai Union Bank of India?
Bidders must submit the standard GST, PAN, company registration, and financial documents, plus EMD of ₹200,000. Review the SOW attachment for milestone deliverables, acceptance criteria, and payment terms. Ensure IT project delivery capability aligns with DFS governance requirements and attach prior project experience.
What documents are required for Union Bank of India IT procurement in Mumbai?
Submit GST certificate, PAN card, company registration, audited financials, experience certificates showing relevant IT project delivery, EMD receipt, technical bid, and OEM authorizations if needed. Include SOW-compliance documents and any security/compliance certificates requested in the terms.
What are the milestone-based delivery expectations for this DFS IT tender?
Deliverables will be defined in the SOW attachment. Bidders must demonstrate ability to achieve defined milestones, provide acceptance criteria, and align with DFS project governance. Payment releases typically occur upon milestone achievement as per the SOW.
What is the EMD amount for the Mumbai Union Bank IT bid 2026?
The required EMD is ₹200,000. Submit via the prescribed payment mode with bid documents. Ensure the EMD is valid for the bid validity period and refundable as per bank guidelines post-award or rejection.
How to ensure compliance with Union Bank of India IT procurement in Mumbai?
Review the SOW for project-specific compliance, ensure security and governance standards applicable to DFS projects, and attach relevant certifications. Provide prior IT project delivery evidence and ensure financial health meets the bank’s tender criteria.
When is the delivery timeline and payment terms for the Mumbai IT tender?
Exact timelines and payment terms are defined in the SOW. Expect milestone-based delivery with payments released on milestone completion, subject to acceptance criteria. Verify terms in the attached SOW and ensure readiness to meet the schedule.