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Procurement Opportunity: Hiring of Consultants - Milestone/Deliverable Based - ENGAGEMENT OF CONSULTANTS FOR STRENGTHENING R in CHENNAI, TAMIL NADU

Bid Publish Date

24-Dec-2024, 5:09 pm

Bid End Date

27-Jan-2025, 4:00 pm

EMD

₹3,00,000

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Progress

Issue24-Dec-2024, 5:09 pm
Technical17-01-2025 15:48:25
Financial
AwardCompleted
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Quantity

1

Categories 7

Indian Overseas Bank announces a tender for Hiring of Consultants - Milestone/Deliverable Based - ENGAGEMENT OF CONSULTANTS FOR STRENGTHENING RISK MANAGEMENT FRAMEWORK OF THE BANK; Risk Management; Yes; Hybrid(As specified in scope of work) in CHENNAI, TAMIL NADU. Quantity: 1. Submission Deadline: 27-01-2025 16: 00: 00. Last date to apply is approaching fast!

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 - ENGAGEMENT OF CONSULTANTS FOR STRENGTHENING RISK MANAGEMENT FRAMEWORK OF THE BANK; Risk Management; Yes; Hybrid(As specified in scope of work)

Authority Records

MINISTRY OF FINANCEFINANCIAL SERVICES DEPARTMENTINDIAN OVERSEAS BANK

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Documents 7

GeM-Bidding-7295933.pdf

Main Document

Scope Of work:1735038495.pdf

Referenced Document

Profile of Consultants:1735038536.pdf

Referenced Document

Pre-qualifications Criteria:1735038497.pdf

Referenced Document

Payment Terms:1735038507.pdf

Referenced Document

Buyer Organization specific Integrity Pact shall have to be complied by all bidders. Bidders shall have to upload scanned copy of signed integrity pact as per Buyer organizations policy along with bid. Click here to view the file

Referenced Document

attached categories, trials are allowed as per approved procurement policy of the buyer nodal Ministries)

Referenced Document

Required Documents

1

Experience Criteria

2

Bidder Turnover

3

Certificate (Requested in ATC)

4

Additional Doc 1 (Requested in ATC)

5

Additional Doc 2 (Requested in ATC)

6

Additional Doc 3 (Requested in ATC)

7

Additional Doc 4 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria

8

the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer

Corrigendum Updates

4 Updates
#1

Update

22-Jan-2025
#2

Update

17-Jan-2025

Extended Deadline

27-Jan-2025, 4:00 pm

Opening Date

27-Jan-2025, 4:30 pm

#3

Update

09-Jan-2025
#4

Update

31-Dec-2024

Technical Results

S.No Seller Date Status
1
CRISIL LIMITED   Under PMA
17-01-2025 15:48:25
2
Deloitte Touche Tohmatsu India LLP   Under PMA
25-01-2025 14:23:41
3
Ernst & Young LLP   Under PMA
17-01-2025 04:41:27
4
GRANT THORNTON BHARAT LLP   Under PMA
27-01-2025 15:58:09
5
KPMG ASSURANCE AND CONSULTING SERVICES LLP   Under PMA
17-01-2025 15:51:47
6
PRICEWATERHOUSECOOPERS PRIVATE LIMITED   Under PMA
16-01-2025 19:37:20

Financial Results

Rank Seller Price Item
L1
Ernst & Young LLP   Under PMA
Item Categories : Hiring of Consultants - Milestone/Deliverable Based - ENGAGEMENT OF CONSULTANTS FOR STRENGTHENING R
L2
KPMG ASSURANCE AND CONSULTING SERVICES LLP   Under PMA
Item Categories : Hiring of Consultants - Milestone/Deliverable Based - ENGAGEMENT OF CONSULTANTS FOR STRENGTHENING R
L3
Deloitte Touche Tohmatsu India LLP   Under PMA
Item Categories : Hiring of Consultants - Milestone/Deliverable Based - ENGAGEMENT OF CONSULTANTS FOR STRENGTHENING R
L4
PRICEWATERHOUSECOOPERS PRIVATE LIMITED   Under PMA
Item Categories : Hiring of Consultants - Milestone/Deliverable Based - ENGAGEMENT OF CONSULTANTS FOR STRENGTHENING R

Frequently Asked Questions

Key insights about TAMIL NADU tender market

What are the eligibility requirements for bidding on the tender?

The eligibility requirements include being a registered entity, meeting specified quality standards and technical specifications, and having the capacity to undertake the outlined consulting work. MSEs and startups can avail exemptions from the turnover and experience criteria.

What documents are required for submission?

Bidders must submit comprehensive documentation including experience criteria, bidder turnover details, and any certificates as requested in the tender document. Notably, if exemption from experience or turnover is sought, relevant support documents must be provided.

How do I register for the tender?

Registration for participation in this tender can be done through the GeM portal by creating an account and completing the necessary entity verification processes. Ensure to have all required documents ready for submission.

Are there any specifications for the technical documents?

Bidders must provide detailed technical documents that align with the scope of work. This includes proof of concept documentation and evidence of relevant experience in risk management consulting as per compliance requirements.

What is the Earnest Money Deposit (EMD) amount for this tender?

The EMD amount for this tender is ₹300,000. Bidders may seek exemption if they fall under MSE or startup categories by providing valid supporting documentation.

Are performance security requirements applicable for bidders?

Yes, if awarded, bidders must provide a performance security amounting to 5% of the total quoted value, valid for a minimum duration of 14 months.

What are the payment terms for this tender?

The payment structure will be defined upon contract award. However, detailed payment terms are clarified in the relevant document, which all bidders must review to ensure compliance.

How are the prices evaluated in this tender?

Prices will be evaluated based on total value with attention to detail in the submitted financial documentation that indicates a complete price breakdown. The evaluating body will analyze both quantitative and qualitative factors.

What submission methods are accepted for documents?

All documents must be submitted electronically through the GeM platform. Hard copy submissions may not be accepted unless specified in the tender documentation.

How are bidders notified of the results?

Results will be communicated to all bidders through official email notifications or platform alerts post final evaluation completion.

What benefits do MSEs receive in this tender?

MSEs are afforded exemption from turnover and experience criteria, thus providing them with a competitive advantage. They are also eligible for purchase preferences within the specified price margins.

Are there provisions for compliance with 'Make in India' policies?

Bidders must ensure compliance with the 'Make in India' initiatives as prescribed. Documentation to support local content claims may be required.

How will the technical clarifications be managed?

Bidders will receive a specified duration of 2 days for technical clarifications during the evaluation phase. Queries must be submitted through the designated channels.

What safety measures should be adhered to during project execution?

Bidders are encouraged to incorporate safety and quality assurance measures in their proposals and must comply with all regulatory standards relevant to the consulting services being provided.