Bid Publish Date
20-Feb-2026, 10:48 pm
Bid End Date
13-Mar-2026, 3:00 pm
EMD
₹51,00,000
Value
₹16,96,00,000
Location
Progress
Quantity
1
Bid Type
Two Packet Bid
Punjab and Sind Bank seeks cyber security audit services for a West Delhi, Delhi 110008 procurement. The project scope centers on independent cyber security assessment and related advisory services under a capital-intensive contract. Estimated value is ₹16,960,0000 with an EMD of ₹5,100,000. No BOQ items are listed, indicating a holistic audit engagement rather than itemized deliverables. The buyer has a flexible quantity/duration clause up to 25% adjustment at contract issuance and post-issuance, which bidders must accept. This tender targets experienced security firms capable of delivering comprehensive governance, risk, and control assessments for a financial institution in the national capital region.
EMD of ₹5.1 million must be submitted with bid
Total contract value approximately ₹169.6 million
Quantity/duration may vary up to 25% at issue and post-award
Delivery scope includes comprehensive cyber security audit for a bank
No BOQ items; require a holistic audit methodology and schedule
Not explicitly specified; bidders should propose milestone-based payments aligned to audit deliverables and RBI/compliance milestones
No fixed deadlines provided; bidders must present a phased delivery plan with interim reports and final audit report
No LDs specified in available data; bidders should assume standard penalties for delays and non-compliance per bank procurement norms
Experience in performing cyber security audits for financial institutions
Demonstrated capability for large-scale security assessment projects
Financial stability evidenced by audited statements and turnover
Compliance with applicable banking and data protection regulations
Main Document
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SCOPE_OF_WORK
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GEM_GENERAL_TERMS_AND_CONDITIONS
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GST registration certificate
Permanent Account Number (PAN) card
Experience certificates for prior cyber security audits in banking/financial sector
Financial statements demonstrating stability
EMD submission proof (DD/online payment receipt)
Technical bid documents detailing audit methodology
OEM authorizations or partner agreements if using third-party tools
Any security clearances or RBI-related compliance certificates
Key insights about DELHI tender market
Bidders should submit the EMD of ₹5.1 million, GST and PAN, experience certificates in bank security audits, and a detailed audit methodology. Include on-site/remote delivery plan, milestones, and compliance with financial institution standards. Ensure documentation aligns with required bidder submissions.
Required documents include GST certificate, PAN, experience certificates in banking audits, audited financial statements, EMD proof, technical bid detailing audit approach, and any OEM authorizations. Include RBI/IFSC compliance references if available and security clearances as applicable.
The scope is a comprehensive cyber security audit for a bank in Delhi with no BOQ; bidders must propose a full audit methodology, risk assessment framework, and reporting cadence. Emphasize experience in financial sector security controls, governance, and regulatory alignment.
No fixed deadlines are published; bidders should present a phased audit schedule with interim deliverables and a final report. Include acceptance criteria, review meetings, and a clear roadmap for regulatory-compliant remediation guidance.
The bid security is ₹5,100,000. Submit via a verified DD or online payment as per tender terms. Ensure the EMD remains valid through the bid evaluation period and contract award stage.
Applicants should demonstrate prior cyber security audits for financial institutions, with documented outcomes, risk mitigation recommendations, and adherence to bank governance standards. Provide client references and notarized certificates to strengthen eligibility.
Since explicit terms are not provided, bidders should propose milestone-based payments tied to audit deliverables, with a final payment upon acceptance of the final audit report. Include timelines for invoicing and any regulatory reporting commitments.
National Instructional Media Institute
📍 CHENNAI, TAMIL NADU
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Main Document
OTHER
SCOPE_OF_WORK
OTHER
GEM_GENERAL_TERMS_AND_CONDITIONS