GEM

Punjab National Bank Safes (V3) ISI Marked to IS 550 Tender 2025 Baleswar Odisha

Bid Publish Date

17-Nov-2025, 5:20 pm

Bid End Date

01-Dec-2025, 6:00 pm

Location

BALESWAR , ODISHA

Latest Corrigendum Available

Progress

Issue17-Nov-2025, 5:20 pm
Corrigendum27-Nov-2025
AwardPending
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Quantity

2

Bid Type

Two Packet Bid

Key Highlights

  • • IS I Marked safes require IS 550 compliance for banking security equipment
  • • Option Clause: up to 25% quantity variation at contracted rates
  • • Delivery timing linked to last date of original delivery order with extended period formula
  • • No BOQ items provided; procurement centers on safes (V3) category for PNB
  • • Location-specific procurement: Baleswar, Odisha; banking sector application
  • • Brand/standard requirement: ISI mark and IS 550 standard acceptance

Categories 1

SAFES

Tender Overview

Organization: Punjab National Bank; Product: Safes (V3) ISI Marked to IS 550; Location: BALESWAR, ODISHA - 756001; Category: Safes (V3) ISI Marked to IS 550 (Q2); Tender focus on procurement of ISI-marked safes with compliance to IS 550. No BOQ quantity given, but a 25% quantity variation clause exists. Key differentiator is the explicit option clause allowing up to 25% quantity changes during and after contract award, at contracted rates. This signals flexible sizing for risk management in banking security equipment. Unique aspect: ISI Marked safes meeting IS 550 standard in a banking sector procurement context.

Technical Specifications & Requirements

  • Standards referenced: ISI Marked safes, IS 550 compliance; no additional technical specs provided in the tender data.
  • Delivery/Quantity: Option clause permits up to 25% increase/decrease in bid quantity; delivery period aligned to the last date of the original delivery order with extended calculation formula: (increased quantity ÷ original quantity) × original delivery period, minimum 30 days.
  • Quality/Certification: Emphasis on ISI Mark certification and IS 550 standard; no BOQ items or performance metrics specified.
  • Location impact: Procurement targeted for banking security equipment in Odisha; standard aligns with national safety norms for bank safes.

Terms, Conditions & Eligibility

  • EMD/Financials: Not specified in the provided data; bidders should prepare standard EMD per GEM terms.
  • Delivery terms: Delivery schedule tied to original order date; option extension may adjust delivery time up to original delivery period.
  • Proposal flexibility: Purchaser reserves right to modify quantity by up to 25% during and after contracting at contracted rates.
  • Documentation: Compliance with ISI Mark and IS 550; ensure bank-grade security equipment meets required standards.

Key Specifications

  • Product/service: Safes (V3) ISI Marked to IS 550

  • Quantity: Not specified in BOQ; subject to ±25% variation

  • Standards: ISI Marked, IS 550 compliant

  • Certification: ISI certification required, IS 550 compliance

  • Delivery: Based on original delivery date; extended period formula applies

  • Brand/OEM: Not specified; follow ISI 550 and bank security norms

Terms & Conditions

  • EMD: Not specified in data; bidders must review GEM terms

  • Delivery: 25% quantity variation rights with contracted rates

  • Documentation: ISI Mark certification and IS 550 compliance required

Important Clauses

Payment Terms

Not specified in data; bidders should verify GEM payment terms during bid submission

Delivery Schedule

Delivery period begins from the last date of original delivery order; extended delivery time follows calculated formula with a minimum of 30 days

Penalties/Liquidated Damages

Not specified in data; bidders should check standard L.D. terms in tender documentation

Bidder Eligibility

  • Experience in supplying banking safes or ISI Marked security equipment

  • Demonstrated IS 550 compliance and ISI certification

  • Financial capability to handle procurement of safes in banking sector

Past Similar Tenders (Historical Results)

5 found

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Posted: 27 October 2025
Closed: 6 November 2025
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Closed: 6 November 2025
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Posted: 27 October 2025
Closed: 6 November 2025
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State Bank of India Safes (V3) ISI 550 Q2 Tender New Delhi 2025

State Bank Of India (sbi)

NEW DELHI, DELHI

Posted: 27 October 2025
Closed: 6 November 2025
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Safes (V3) ISI Marked to IS 550

State Bank Of India (sbi)

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Posted: 5 September 2025
Closed: 10 September 2025
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Required Documents

1

GST registration certificate

2

PAN card

3

Experience certificates in supplying banking safes or security equipment

4

Financial statements (last 2-3 years)

5

EMD submission proof (as applicable by GEM terms)

6

Technical bid documents demonstrating ISI Mark/IS 550 compliance

7

OEM authorization or manufacturer credentials for safes

8

Any prior bank procurement references or performance certificates

Corrigendum Updates

1 Update
#1

Update

27-Nov-2025

Extended Deadline

01-Dec-2025, 6:00 pm

Opening Date

01-Dec-2025, 6:30 pm

Frequently Asked Questions

Key insights about ODISHA tender market

How to bid for safes ISI Marked tender in Baleswar Odisha

Bidders must submit ISI Marked safes that comply with IS 550, provide OEM authorizations, GST and PAN, and financials. Include experience certificates and EMD proof per GEM requirements. The tender allows up to 25% quantity variation at contracted rates, with delivery tied to the original order date and extended period calculations.

What documents are required for ISI safes procurement in Odisha

Submit GST registration, PAN, bank-supplied ISI Mark certification, IS 550 compliance documents, OEM authorization, two years of financial statements, and evidence of prior supply to banks. Include experience certificates for similar security equipment projects and EMD proof as per GEM guidelines.

What are the delivery terms for PNB safes tender in Odisha

Delivery starts from the last date of the original delivery order. If quantity increases by up to 25%, extended time is calculated as (increased quantity ÷ original quantity) × original delivery period, with a minimum 30 days. Original delivery period can extend to the total contracted period.

What standards are required for safes under this tender in Odisha

Bidders must supply ISI Marked safes meeting IS 550 standard requirements. Certifications must be current and verifiable, ensuring banking-grade security equipment complies with national safety norms for safes.

What is the EMD requirement for the PNB safes tender

EMD details are not specified in the available data. Bidders should consult the GEM portal tender terms to confirm the exact EMD amount or percentage and acceptable payment modes (DD/online) for this procurement.

How does the quantity variation clause affect bids for safes

The purchaser may increase/decrease quantity by up to 25% at contracted rates. Bid pricing should account for this risk, and the contract includes a delivery-time adjustment formula ensuring a minimum of 30 days for added quantities.

What experience is required to participate in this safes tender

Applicants should demonstrate prior supply of ISI Marked safes or security equipment to banks, with IS 550 compliant products. Provide internal quality controls, installation capabilities, and bank-grade warranty/maintenance experience as part of eligibility.

What qualification documents verify bank procurement eligibility

Submit bank-facing experience certificates, OEM authorizations, and ISI/IS 550 compliance proofs. Include financial statements, GST, PAN, and a detailed list of similar projects demonstrating capacity to fulfill bank safes orders under government procurement norms.

Similar Tenders

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State Bank of India Safes V3 ISI Marked to IS 550 Tender 2025

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📍 SHIMOGA, KARNATAKA

⏰ Deadline: 2 weeks left
🛒 Type: Goods
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