Indian Bank IT Projects Milestone Basis Hiring Tender 2026 India
Bid Publish Date
25-Sep-2026, 12:01 am
Bid End Date
28-Oct-2026, 3:00 pm
EMD
₹1,00,00,000
Location
Progress
Key Highlights
- • Milestone-based IT project engagement for bank IT initiatives
- • EMD amount clearly defined: ₹10,000,000
- • Option clause permits ±25% quantity/duration changes post-issuance
- • Lumpsum-based scope can increase by 25% with vendor consent
- • Complete RFP with Scope, Eligibility, Technical Specifications accessible via Buyer uploaded ATC
- • No BOQ items listed; rely on full RFP for deliverables and milestones
- • IS/ISD standards or specific certifications not specified in available data
- • Review of OEM/partner requirements and audit/compliance clauses to be clarified in ATC
Tender Overview
Organization: Indian Bank. Product/Service: Hiring of Agency for IT Projects - Milestone basis. EMD: ₹10,000,000. Estimated Value: Not specified. Location: Not specified in tender data. Context: Bank seeks external agency support to manage IT project execution on a milestone basis, aligning with project delivery milestones and governance. Unique differentiator: Milestone-based engagement with potential volume adjustments via option clause and scope expansion up to 25% with consent. Note: Complete RFP with Scope, Eligibility, Technical Specifications and Terms is referenced in Buyer uploaded ATC document.
Technical Specifications & Requirements
- No explicit technical specifications or BOQ items are provided in the tender data. - EMD amount clearly stated as ₹10,000,000. - BOQ reports: Total Items = 0 (no listed items). - Clause: 25% option clause allows increase/decrease in contract quantity or duration at bid issuance, and post-issuance quantity/duration can be adjusted up to 25%. - For lumpsum-based services, scope/value can be increased by up to 25% with service provider consent. - ATC indicates bidders must review the complete RFP document (Scope of Work, Eligibility, Technical Specifications, Terms) uploaded under Buyer uploaded ATC.
Terms, Conditions & Eligibility
- EMD: ₹10,000,000 (required as part of bid); payment terms not specified in available data. - Variation/Option Clause: Up to 25% increase/decrease in contract quantity or duration at issuance, and up to 25% post-issuance. - Engagement Type: Milestone-based IT project staffing/management. - Documentation: Complete RFP including Scope of Work, Eligibility criteria, Technical Specifications and Terms must be reviewed per Buyer uploaded ATC. - BOQ: No items listed; bidders should rely on the full RFP for scope and deliverables. - Delivery/Implementation: Not specified; requires reference to RFP for timelines and milestones.
Key Specifications
-
EMD amount: ₹10,000,000
-
Engagement model: Milestone-based IT project outsourcing
-
Variation: ±25% contract quantity/duration allowed at issuance and post-issuance
-
No listed BOQ items; refer to full RFP for scope
-
ATC requires reviewing the complete RFP document for Scope, Eligibility, and Technical Specifications
Terms & Conditions
-
Milestone-based IT project engagement with option to adjust scope by 25%
-
EMD is ₹10,000,000; full RFP details accessible via ATC
-
No BOQ items; full deliverables defined in RFP under Buyer uploaded ATC
Important Clauses
Payment Terms
EMD of ₹10,000,000; specific payment milestones and schedule to be defined in RFP/ATC
Delivery Schedule
Milestones to be defined in RFP; bidders must align project plan with milestone-based payments
Penalties/Liquidated Damages
Penalty and LD terms to be specified in the complete RFP; ATC references standard procurement penalties
Bidder Eligibility
-
Experience in IT project management/outsourcing for financial sector
-
Demonstrated capability to deliver milestone-based engagements
-
Financial capacity to mobilize resources for high-value EMD (₹10,000,000) and project execution
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
180 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
3 Days
Preference & Exemptions
EMD Required
Yes
MII Compliance
Yes
Bid Splitting Applied
No
Requirements
Min. Avg. Annual Turnover
10000
Experience Required
3 Year (s)
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Hiring of Agency for IT Projects- Milestone basis
Advisory Bank
State Bank of India
ePBG Percentage
5%
ePBG Duration (Months)
39
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
07-10-2026 15:00:00
Pre-Bid Venue
As per RFP
Delivery Details
Delivery Locations
1
Delivery Cities
Chennai
Delivery Pincodes
600001
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Prabhat Kumar Singal | 600001,Indian Bank Head Office, Information Technology Department, Fourth Floor, 66 - Rajaji Salai, Chennai | Chennai | Tamil Nadu | 600001 | Project / Lumpsum Based | - | - |
Authority Records
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Documents 7
GeM-Bidding-9943905.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Other Documents
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GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
1 Update Update
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Required Documents
GST registration certificate
Permanent Account Number (PAN) card
Experience certificates for IT project management/outsourcing
Financial statements or turnover evidence
EMD submission proof (payment receipt or DD as per tender terms)
Technical bid documents (methodology, approach, project plan)
OEM authorizations or partner certifications (if required by RFP)
Any qualification/eligibility certificates specified in Buyer uploaded ATC
Frequently Asked Questions
Key insights about TAMIL NADU tender market
How to bid on Indian Bank IT projects milestone basis tender in India
Bidders must submit the EMD of ₹10,000,000, align with milestone-based delivery, and reference the complete RFP under the Buyer uploaded ATC. Prepare a detailed project approach, milestone plan, and resource mobilization strategy. Ensure GST, PAN, and financial statements are ready for submission with technical bids.
What documents are required for Indian Bank IT procurement bid 2026
Required documents include GST certificate, PAN card, experience certificates for IT project management, financial statements, EMD proof, technical bid with methodology, and OEM authorizations if applicable. Review the ATC for any additional bidder eligibility certificates and audit clauses before submission.
What are the milestone basis requirements for IT services tender in India
The tender specifies milestone-based engagement with potential 25% scope adjustment. Bidders must present a milestone roadmap, deliverables per milestone, resource plan, and governance framework. The RFP will define acceptance criteria and corresponding payments aligned to each milestone.
When is the EMD amount required for the Indian Bank IT bid
The EMD amount is ₹10,000,000 and must be submitted as part of bid submission per tender terms. Confirm acceptable EMD formats (DD or online payment) in the ATC and ensure validity through the bid evaluation period.
What standards or certifications are needed for Indian Bank IT project bid
The tender data does not specify particular standards; bidders must consult the ATC for any mandated certifications. Prepare ISO 9001 or equivalent quality management evidence if requested, and align with banking IT governance standards as defined in the RFP.
How to access the complete RFP for Indian Bank IT procurement
Access the complete RFP through the Buyer uploaded ATC section of the tender. The ATC contains Scope of Work, Eligibility criteria, Technical Specifications, and Terms. Download the full document, study the Milestone-based requirements, and tailor the bid submission accordingly.
What is the scope of variation allowed in contract quantity or duration
Contract quantity or duration may be increased or decreased up to 25% at the time of issue, with post-issuance adjustments also capped at 25%. Ensure acceptance of revised scope as per the clause, and obtain written consent for any post-award changes.