Custom Bid for Services - Selection of Service Provider for Design, development, customization, hos
Indian Overseas Bank
CHENNAI, TAMIL NADU
Posted:
17 April 2025
Closed:
26 May 2025
GEM
GEM
Government Tender Published for Custom Bid for Services - Selection of Service Provider for Loyalty Rewards Program for Various Dig in MUMBAI, MAHARASHTRA
Bid Publish Date
03-Jul-2025, 8:03 pm
Bid End Date
26-Aug-2025, 5:00 pm
EMD
₹25,00,000
Location
Progress
RAIssue03-Jul-2025, 8:03 pm
Reverse AuctionCompleted
AwardCompleted
Quantity
1
Bid Type
Two Packet Bid
Categories
4
Public procurement opportunity for N/a Custom Bid for Services - Selection of Service Provider for Loyalty Rewards Program for Various Digital Channels: Debit Card, UPI, Internet Banking, Mobile Banking etc in MUMBAI, MAHARASHTRA. Quantity: 1 issued by. Submission Deadline: 26-08-2025 17: 00: 00. View full details and respond.
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
Yes
Item Category
Custom Bid for Services - Selection of Service Provider for Loyalty Rewards Program for Various Digital Channels: Debit Card, UPI, Internet Banking, Mobile Banking etc
Authority Records
MINISTRY OF FINANCEFINANCIAL SERVICES DEPARTMENT
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Documents 8
GeM-Bidding-8044555.pdf
Main Document
Other Documents
OTHER
Scope Of Work Document
SCOPE_OF_WORK
Payment Terms & Condition
PAYMENT
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Past Similar Tenders
(Historical Results)
5 found
Custom Bid for Services - Selection of Service Provider for Enhancements / Redesigning, Hosting & M
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Posted:
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Closed:
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Posted:
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Closed:
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Closed:
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GEM
Tender Results
Loading results...
Required Documents
1
Experience Criteria
2
Bidder Turnover
3
Certificate (Requested in ATC)
4
OEM Authorization Certificate
5
OEM Annual Turnover
6
Additional Doc 1 (Requested in ATC)
7
Additional Doc 2 (Requested in ATC)
8
Additional Doc 3 (Requested in ATC)
9
Additional Doc 4 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
10
the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
Corrigendum Updates
3 Updates
#1
22-Aug-2025 Update
Extended Deadline
26-Aug-2025, 5:00 pm
Opening Date
26-Aug-2025, 5:30 pm
#2
06-Aug-2025 Update
#3
31-Jul-2025 Update
Extended Deadline
22-Aug-2025, 3:00 pm
Opening Date
22-Aug-2025, 3:30 pm
Reverse Auction Schedule
Start
28-Nov-2025, 7:00 pm
End
03-Dec-2025, 3:00 pm
Duration: 116 hours
Reverse Auction Document
✅ RA concluded. Check financial results for final rankings.
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | CHEGGOUT SERVICES PRIVATE LIMITED Under PMA | 22-08-2025 11:47:07 | |
| 2 | HYPERFACE TECHNOLOGIES PRIVATE LIMITED Under PMA | 21-08-2025 17:54:50 | |
| 3 | INDIAIDEAS COM LIMITED Under PMA | 22-08-2025 13:30:26 | |
| 4 | LOYALTY SOLUTIONS & RESEARCH PRIVATE LIMITED Under PMA | 22-08-2025 13:21:57 | |
| 5 | NOVUS LOYALTY PRIVATE LIMITED Under PMA | 21-08-2025 12:42:51 | |
| 6 | OPCOMMERCE ONLINE PRIVATE LIMITED Under PMA | 21-08-2025 19:07:56 | |
| 7 | WORK ADVANTAGE PRIVATE LIMITED Under PMA | 22-08-2025 13:35:12 |
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 | NOVUS LOYALTY PRIVATE LIMITED Under PMA Winner | ₹88,00,00,000 | Item Categories : Custom Bid for Services - Selection of Service Provider for Loyalty Rewards Program for Various Dig |
| L2 | WORK ADVANTAGE PRIVATE LIMITED Under PMA | ₹90,78,59,000 | Item Categories : Custom Bid for Services - Selection of Service Provider for Loyalty Rewards Program for Various Dig |
🎉 L1 Winner
NOVUS LOYALTY PRIVATE LIMITED Under PMA
Final Price: ₹88,00,00,000
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Documents 8
GeM-Bidding-8044555.pdf
Main Document
Other Documents
OTHER
Scope Of Work Document
SCOPE_OF_WORK
Payment Terms & Condition
PAYMENT
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS