National Bank For Financing Infrastructure And Development Milestone-Based Consultants Tender Mumbai Maharashtra 2026
Bid Publish Date
26-Oct-2026, 7:00 pm
Bid End Date
09-Nov-2026, 4:00 pm
EMD
₹1,40,000
Value
₹29,50,000
Location
Progress
Tender Overview
The National Bank For Financing Infrastructure And Development (NBFID) invites bids for hiring Milestone/Deliverable Based CONSULTANTS across multiple specialisms: Management, Functional, Subject Matter Expert in Privacy, Data Protection, Information Security, Law, IT, and Risk. The procurement targets a hybrid delivery model in Mumbai, Maharashtra, with an estimated contract value of ₹2,950,000 and an EMD of ₹140,000. The scope emphasizes diverse advisory deliverables rather than a single product, with a flexible cadence enabled by a 25% scope/duration adjustment window. No BOQ items are listed, indicating a primarily qualitative, competency-based engagement rather than a fixed-quantity supply. This tender seeks experienced professionals to support DFS objectives through structured milestones and deliverables, under a hybrid work arrangement as defined in the Scope of Work attachment.
Technical Specifications & Requirements
- Organization: National Bank For Financing Infrastructure And Development (NBFID) – Department Of Financial Services, Mumbai, MAHARASHTRA
- Engagement type: Milestone/Deliverable Based CONSULTING services including Management, Functional, and Subject Matter Expert roles
- Domains: Privacy, Data Protection, Information Security, Law, Information Technology, Risk
- Location & delivery: Mumbai, Maharashtra; Hybrid work model as per SOW
- Estimated contract value: ₹2,950,000; EMD: ₹140,000
- Quantity flexibility: Up to 25% increase in contract scope or duration; consent required for lump-sum adjustments
- Attachments referenced: SOW, ATC, SLA documents uploaded by buyer
Terms, Conditions & Eligibility
- EMD: ₹140,000 (to be paid as prescribed in tender terms)
- Scope adjustment: Buyer may increase/decrease scope or duration by up to 25%; post-issuance adjustments capped at 25%
- Delivery/Performance: Not specified in the tender data; governed by the SOW and ATC documents
- Payment terms: Not explicitly published; refer to SOW/ATC for milestone-based payments
- Submission docs: GST, PAN, experience certificates, financial statements, EMD proof, technical bid, and OEM authorizations as applicable
- Warranty/penalties: Not specified in data; penalties would be defined in SLA/ATC
- BOQ: 0 items; engagement is competency-based rather than product quantities
Key Specifications
-
Total estimated value: ₹2,950,000
-
EMD amount: ₹140,000
-
Engagement type: Milestone/Deliverable Based consulting
-
Domains: Privacy, Data Protection, Information Security, Law, IT, Risk
-
Delivery model: Hybrid (as per scope of work attachments)
Terms & Conditions
-
25% scope/duration adjustment permitted by buyer
-
EMD amount ₹140,000 required with bid submission
-
Hybrid delivery model with multiple consultant profiles
-
No BOQ items; commissioning based on milestones and deliverables
-
Payment terms subject to SOW/ATC, not explicitly stated
Important Clauses
Payment Terms
Milestone-based payments as per SOW/ATC; exact milestones not disclosed in summary
Delivery Schedule
Delivery timeline to be defined in SOW/ATC; no explicit schedule provided in data
Penalties/Liquidated Damages
Not specified in available tender data; to be defined within SLA/ATC
Bidder Eligibility
-
Experience in management/functional consulting across DFS-relevant domains
-
Demonstrated track record in privacy, data protection, information security, or risk management
-
Financial stability evidenced by annual statements; GST registration and PAN
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
2 Days
Preference & Exemptions
EMD Required
Yes
MII Compliance
Yes
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Experience Required
2 Year (s)
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Hiring of Consultants - Milestone/Deliverable Based - Management Consultants, Functional Consultants; Subject Matter Expert, Privacy, Data Protection, Information Security, Law, Information Technology, Risk; Yes; Hybrid(As specified in scope of work)
Advisory Bank
State Bank of India
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)
Delivery Details
Delivery Locations
1
Delivery Cities
Mumbai Suburban
Delivery Pincodes
400051
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Bijo Jacob Varughese | 400051,1503, A Wing, Capital Building, G Block BKC, Mumbai Suburban, 400051 | Mumbai Suburban | Maharashtra | 400051 | Project / Lumpsum Based | - | - |
Authority Records
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Documents 10
GeM-Bidding-10083912.pdf
Main Document
Other Documents
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Other Documents
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Other Documents
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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
Categories
3
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Required Documents
GST registration certificate
Permanent Account Number (PAN) card
Experience certificates relevant to consultancy domains
Financial statements (audited where possible)
EMD receipt or payment confirmation
Technical bid documents outlining approach and milestones
OEM authorizations or partner letters if applicable
CVs or resumes of proposed consultants
Frequently Asked Questions
Key insights about MAHARASHTRA tender market
How to bid for the Mumbai consultant tender in 2026?
Bidders must submit GST, PAN, experience certificates, financial statements, EMD receipt, technical bid, and consultant CVs. Include SOW-aligned deliverables and milestones; ensure hybrid work model readiness and adherence to the 25% scope flexibility. Review ATC and SLA attachments for final terms.
What documents are required for NBFID consultant procurement in Mumbai?
Submit GST certificate, PAN, experience certificates, audited financials, EMD proof of ₹140,000, technical bid detailing milestones, and consultant resumes. Include OEM authorizations if proposing partner firms and ensure eligibility across privacy, data protection, IT risk domains.
What are the key eligibility criteria for DFS consultant bids in Maharashtra?
Eligible bidders must demonstrate relevant consulting experience in management, privacy, data protection, information security, and risk. Provide financial statements, GST/PAN, and prior project references. The contract may allow up to 25% scope adjustment; ensure capability for milestone-based deliverables.
What are the payment terms for the NBFID consultant contract in Mumbai?
Payment terms are defined via SOW/ATC and are milestone-based. Exact payment timing and increments are not disclosed in the summary; bidders should align deliverables with SOW milestones and confirm payment scheduling in the bid.
How is scope adjustment handled in the Mumbai consultant tender 2026?
The buyer may increase or decrease contract scope/duration by up to 25% at contract issuance and within the same limit post-issuance, with the service provider's consent for lump-sum changes and adjusted value accordingly.
What standards or certifications are required for privacy and data protection consultants?
While not explicitly listed, expected qualifications include demonstrated experience in privacy, data protection, and information security; align with relevant DFS requirements, and provide any applicable certifications within the technical bid.
Where can I find the SOW and SLA attachments for this bid in Mumbai?
The SOW, ATC, and SLA attachments are uploaded by the buyer in the tender portal. Review these documents carefully to align milestones, deliverables, and service levels with your consultancy proposal.
What is the estimated procurement value for the consultant tender in Maharashtra?
The estimated contract value is ₹2,950,000, with an EMD of ₹140,000. Prepare a detailed milestone-based proposal that aligns with this budget and the hybrid delivery framework described in the SOW.