Custom Bid for Services - End to End Reconciliation Dispute Management of Transactions of various
Bank Of Maharashtra
Bid Publish Date
20-Feb-2025, 1:02 pm
Bid End Date
14-May-2025, 3:00 pm
EMD
₹25,00,000
Location
Progress
RAQuantity
1
Bid Type
Two Packet Bid
N/a has released a public tender for Custom Bid for Services - Selection of Service providers for End to End Implementation of Reconciliation Solution for all types of Digital Transactions on opex Model in MUMBAI, MAHARASHTRA. Quantity: 1. Submission Deadline: 14-05-2025 15: 00: 00. Download documents and apply online.
Main Document
BOQ
SCOPE_OF_WORK
PAYMENT
OTHER
OTHER
OTHER
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS
Bank Of Maharashtra
Punjab National Bank
CENTRAL DELHI, DELHI
Indian Overseas Bank
CHENNAI, TAMIL NADU
Punjab And Sind Bank
NEW DELHI, DELHI
Bank Of Maharashtra
PUNE, MAHARASHTRA
Tender Results
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Experience Criteria
Bidder Turnover
Certificate (Requested in ATC)
OEM Authorization Certificate
OEM Annual Turnover
Additional Doc 1 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
Extended Deadline
14-May-2025, 3:00 pm
Opening Date
14-May-2025, 3:30 pm
Extended Deadline
23-Apr-2025, 3:00 pm
Opening Date
23-Apr-2025, 3:30 pm
Start
05-Jul-2025, 6:00 pm
End
15-Jul-2025, 12:12 pm
Duration: 235 hours
Reverse Auction Document
✅ RA concluded. Check financial results for final rankings.
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | ADVANTAGE CONSULTING HUB PRIVATE LIMITED Under PMA | 14-03-2025 17:41:14 | Disqualified |
| 2 | APMOSYS TECHNOLOGIES PRIVATE LIMITED Under PMA | 14-05-2025 14:24:40 | Disqualified |
| 3 | FINANCIAL SOFTWARE AND SYSTEMS PRIVATE LIMITED Under PMA | 14-05-2025 13:49:14 | Qualified |
| 4 | IDBI INTECH LIMITED Under PMA | 14-05-2025 14:57:59 | Qualified |
| 5 | IN-SOLUTIONS GLOBAL LIMITED Under PMA | 22-04-2025 18:06:40 | Qualified |
| 6 | PENTAGON SYSTEM AND SERVICES PRIVATE LIMITED Under PMA | 13-05-2025 10:40:12 | Disqualified |
These are the final prices after the reverse auction event. Prices may be lower than initial bids.
| Rank | Seller | Final Price | Item |
|---|---|---|---|
| L1 | IN-SOLUTIONS GLOBAL LIMITED Under PMA Winner | ₹42,46,74,900 | Item Categories : Custom Bid for Services - Selection of Service providers for End to End Implementation of Reconcili |
| L2 | FINANCIAL SOFTWARE AND SYSTEMS PRIVATE LIMITED Under PMA | ₹42,51,00,000 | Item Categories : Custom Bid for Services - Selection of Service providers for End to End Implementation of Reconcili |
| L3 | IDBI INTECH LIMITED Under PMA | ₹49,71,00,000 | Item Categories : Custom Bid for Services - Selection of Service providers for End to End Implementation of Reconcili |
🎉 L1 Winner
IN-SOLUTIONS GLOBAL LIMITED Under PMA
Final Price: ₹42,46,74,900
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Key insights about MAHARASHTRA tender market
The eligibility requirements include being a registered entity capable of delivering comprehensive digital transaction solutions. Bidders must demonstrate prior experience in similar projects, possess valid certifications, and prove financial stability to manage high-value contracts.
The reconciliation solution must meet stringent technical specifications, including compatibility with existing systems, scalability to accommodate future growth, and robust security features for data protection. Compliance with local and international quality standards is also mandatory.
To register for the tender, potential bidders must create an account on the official tender portal and complete the required registration process. This involves submitting necessary company details, including relevant documents that meet eligibility criteria and specifications outlined in the tender document.
Bidders are required to propose payment terms that align with project milestones, which will be evaluated during the tender assessment. Typically, terms may include an initial advance payment, followed by installment payments contingent on achieving specific deliverables or outcomes.
The tender has provisions favoring Micro, Small, and Medium Enterprises (MSEs), allowing them to participate actively in government projects. Benefits may include preferred evaluation criteria, opportunities for capacity building, and support in project execution, promoting inclusivity and local entrepreneurship initiatives.
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Main Document
BOQ
SCOPE_OF_WORK
PAYMENT
OTHER
OTHER
OTHER
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS