Bank Of Maharashtra Indore Security Services Tender 2026 Indore MP IS 550 Compliant ESM

Bidders must meet several eligibility criteria for this security services tender in Indore. Required qualifications include a valid PSARA license for MP, a local MP office or capability to establish, and prior experience in security staffing. Submit EMD of ₹100,000 via DD or RTGS, and provide payroll and statutory PF/ESIC documentation with the bid.

Submit GST, PAN, financial statements, experience certificates, EMD proof, technical bid, and PSARA MP license. Include payroll records and statutory compliance documents. Also attach OEM authorizations if applicable and proof of a local MP service office.

Eligibility requires a valid PSARA license for MP, demonstrated security staffing capability, and evidence of local presence in Madhya Pradesh. Bidders must also show financial solvency, experience certificates, and compliance with statutory payroll obligations for deployed staff.

The EMD is ₹100,000. It can be paid by demand draft in favor of ZO Indore Bank of Maharashtra or via RTGS/internet banking with proof. Upload scanned payment proof with the bid and deliver the hard copy within 5 days of bid end date.

The contract allows a variation of up to 25% in quantity or duration at the time of contract issue and post-issuance, subject to buyer consent. For lumpsum service contracts, the scope/value may be increased by up to 25% with service provider consent.

Delivery/installation is at Indore address: 280, Pragati Nagar, Dhanvantri Nagar, Rajendra Nagar, Indore, MP 452013. Service providers must deploy and maintain guards at the buyer site and ensure compliance with local regulations.

The service provider must pay salaries to deployed staff first, then claim reimbursement from Bank Of Maharashtra along with PF/ESIC and bank statements. Ensure all statutory documents accompany payment claims and maintain payroll records for audit.

Mandatory PSARA license for Madhya Pradesh is required. While no explicit technical standards are listed, compliance with local licensing, payroll, and statutory requirements is mandatory for bid acceptance and contract execution.