State Bank of India Safes (V3) ISI Marked to IS 550 Tender 2025 - SBI Procurement

Tender Overview

State Bank of India (SBI) invites bids for Safes (V3) ISI Marked to IS 550 with procurement scope aligned to Table 1 IS 550 classification and Table 2 gross internal volume (L). The tender targets banks nationwide, with the opportunity to supply safes meeting IS 550 general and physical requirements, including the number of doors specification. The project is defined under the Department of Financial Services framework, with the call for quotations reflecting standard SBI procurement practices and the need for ISI certification and V3 classification. The purchase is driven by security equipment standards across SBI branches, mandating consistent dimensions and compliance. The tender emphasizes scale, compliance, and the risk-adjusted delivery planning inherent to government procurement, with SBI’s requirement for BIS/ISI-aligned safes to bolster secure cash handling and data integrity across financial operations.

Technical Specifications & Requirements

• Product category: Safes (V3), ISI Marked, compliant with IS 550.
• General requirements: Classification per Table 1 IS 550 (Class / Classification Code).
• Physical requirements: Standard Size of Safe (Gross Internal Volume in L) per Table 2 IS 550.
• Door specification: Number of Doors in Safe as per IS 550 classification.
• Standards and certifications: ISI Marked, V3 configuration; adherence to IS 550 safety and performance criteria.
• Tender mechanics: Quantity variation up to 25% during contract; delivery period adjustment rules apply as per the option clause; delivery timing anchored to original delivery schedule with minimum 30 days added if exercised.

Terms, Conditions & Eligibility

• Delivery terms: Option to increase quantity by up to 25%; delivery increments based on (additional/original) × original delivery period, minimum of 30 days.
• Payment and penalties: Payments per SBI standard terms; penalties/LD to be defined in contract; ensure compliance with procurement terms and performance milestones.
• Eligibility considerations: Compliance with ISI Marked, V3 spec, and IS 550 classification; experience in supplying security safes may be required; manufacturer/authorized dealer status preferred.
• Documentation: Submission of mandatory bid documents per SBI terms; ensure GST, PAN, technical compliance, and OEM authorizations are in order; bid must reflect ISI/IS 550 conformity.
• Key risk controls: Adhere to delivery windows, quality standards, and clause that enables quantity variation without compromising contracted rates. All terms align with State Bank of India procurement norms.