GEM

Bank of India Cash In Transit Service Tender Solapur Maharashtra 413001 3 Cash Vans Ex-servicemen Guards 2025

Posted

24 Oct 2025, 03:55 pm

Deadline

14 Nov 2025, 04:00 pm

EMD

₹6,45,120

Value

₹3,22,56,000

Location

SOLAPUR , MAHARASHTRA

Progress

Issue24 Oct 2025, 03:55 pm
AwardPending
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Quantity

4

Bid Type

Two Packet Bid

Key Highlights

  • • Finance Ministry procurement: Ex-servicemen armed guards with air-conditioned cash vans
  • • Eligibility: Integrity Pact; no liquidation or bankruptcy; bid acceptance of 50% contract variation
  • • Preferences: MSE purchase preference and Make In India for local suppliers
  • • Delivery scope: 4 cash vans delivering to 2 branches in Solapur and Latur
  • • EMD: ₹645,120; Estimated value ₹32,256,000
  • • Brand/OEM: Ex-servicemen crew and defined security service scope; no BOQ items

Tender Overview

Bank of India invites bids for Cash In Transit Service at Solapur (413001, Maharashtra) with 3 cash vans at Subhash Chowk Currency Chest, Solapur and 1 cash van at Latur Ganj Golai. Estimated contract value: ₹32,256,000; EMD: ₹645,120. Scope includes deployment of 3 vans in Solapur and 1 van in Latur with Ex-servicemen armed guards and an air-conditioned fleet. Bidder must comply with Integrity Pact and non-liquidity commitments; option to adjust contract quantity/duration up to 50%. Jurisdiction includes Make In India preference and MSE benefits for eligible bidders. Delivery/installation at specified BOO locations contemplated; no BOQ items available. This procurement targets qualified service providers capable of managing secure cash transit with adherence to security and safety standards.

Technical Specifications & Requirements

  • Organization: Bank of India (Department of Financial Services)
  • Location: Solapur and Latur, Maharashtra; cash vans to be delivered/operated at: Solapur Subhash Chowk Currency Chest and Latur Ganj Golai branch
  • Fleet & Crew: Air-conditioned vans; 3 units in Solapur, 1 unit in Latur; crew via Ex-servicemen; limited to security service providers
  • Contract Terms: 50% quantity/duration flexibility pre/post contract issuance; bidder must honor revised scope; non-assignment/sub-contracting without prior consent; joint and several liability with assignee/sub-contractor
  • Financials: Estimated contract value ~₹32.2560 million; EMD ~₹6.4512 lakh; payment/tayout terms to be as per buyer terms
  • Compliance: Integrity Pact mandatory; bidder must avoid liquidation or insolvency; manufacturer/service provider eligibility for MSE Buy Preference under policy

Terms, Conditions & Eligibility

  • EMD: ₹645,120; submission as per payment mode; deposit through specified method
  • Experience/Turnover: Not explicitly stated; must satisfy financial standing and integrity requirements; MSE eligibility for preference if manufacturer; service provider eligibility for service bids
  • Delivery: On-site delivery and commissioning at specified branches; installation/completion aligned with contract
  • Documents: Upload Integrity Pact; bid documents; financials and turnover proof; GST/PAN; experience certificates if available
  • Warranty/Support: Not specified; standard post-delivery support terms to be clarified in RFP
  • Penalties: Not specified; contract may include LD/penalty terms per standard RBI/BOI procurement practices

Key Specifications

  • Cash transit service with 4 air-conditioned cash vans (3 in Solapur, 1 in Latur)

  • Ex-servicemen guards for all shifts; security clearances as per policy

  • Is 550/IS 550 or equivalent standards for security equipment (if specified later)

  • Delivery at Subhash Chowk Currency Chest Solapur and Latur Branch Ganj Golai

  • Purchase preference to MSE and Make In India for eligible bids

Terms & Conditions

  • EMD ₹645,120 and integrity pact compliance is mandatory

  • 50% contract quantity/duration flexibility prior to award; post-award accepted

  • MSE Make In India preferences apply; manufacturer/service provider eligibility required

Important Clauses

Payment Terms

EMD submission and payment terms as per tender; subject to contract terms

Delivery Schedule

On-site delivery and commissioning at two branches; post-award acceptance within defined timeframe

Penalties/Liquidated Damages

Penalties to be defined in final contract per standard procurement clauses

Bidder Eligibility

  • No liquidation or bankruptcy; financial stability proof

  • Must sign Integrity Pact and compliance with MSE/Make In India preferences

  • Experience in cash transit/security services and fleet management

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Required Documents

1

GST registration certificate

2

PAN card

3

Experience certificates (similar cash transit deployments)

4

Audited financial statements for past 3 years

5

EMD submission proof (₹645,120)

6

Technical bid documents showing fleet details and security credentials

7

OEM authorizations or service provider certifications

8

Signed Integrity Pact

Frequently Asked Questions

How to bid for Bank of India cash transit tender in Solapur 2025

Bidders must meet the Integrity Pact requirement, submit GST and PAN, provide 3 years of financial statements, and furnish EMD of ₹645,120. Ensure fleet details, ex-servicemen guards, and air-conditioned vans are specified. Compliance with Make In India and MSE preferences applies for eligible bidders; delivery to Solapur and Latur per addresses.

What documents are required for the cash transit service bid in Maharashtra

Required documents include GST certificate, PAN, audited financial statements, experience certificates, EMD submission proof, technical bid detailing fleet and security credentials, OEM authorizations if applicable, and signed Integrity Pact; all documents must be uploaded with the bid.

What are the key technical specifications for the cash vans

The scope specifies air-conditioned cash vans deployed at 3 Solapur locations and 1 Latur location; ex-servicemen guards; no explicit IS/BS standards listed in the data, but ensure security fleet meets regional regulatory expectations and required fleet certification.

When is the procurement delivery window and variation clause

Contract allows up to 50% variation in quantity or duration at tender issuance or pre-award; post-award acceptance remains within 50% increase. Delivery/installation occurs at the specified branches; exact dates to be provided in the final contract.

What is the EMD amount for this Bank of India tender in Solapur

The EMD is ₹645,120; bidders must submit this as a security deposit via the prescribed method; successful bidders will have the EMD adjusted or forfeited as per contract terms.

Are MSE suppliers eligible for make in India preference in this bid

Yes; MSE preference applies for eligible bidders defined under the policy. If L-1 price is significantly lower, an MSE with within 15% of L-1 margin may be offered a chance to match and win 100% of the contract value per policy.

What are the key eligibility criteria for service providers

Applicants must avoid liquidation, provide an Integrity Pact, demonstrate service capability with relevant experience, and meet Make In India/MSE guidelines. The final contract will specify fleet, guard standards, and delivery conditions to be met for award.

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