Regional Rural Banks IT Projects Milestone Hiring Tender Lucknow Uttar Pradesh 2026 – IT Agency Procurement

Tender Overview

The Regional Rural Banks (RRB) under the Department of Financial Services invites bids for an IT projects milestone-based hiring agency in Lucknow, Uttar Pradesh. The procurement covers engaging an agency to manage IT projects on a milestone basis, with an EMD of ₹5,00,000. No BOQ items are listed, indicating a framework for milestone-driven delivery rather than unit quantities. The AMOUNT and scope are tied to milestones rather than a single deliverable, with flexibility on quantity and duration as per contract terms. This tender seeks experienced IT project agencies capable of delivering in a government financial services context, adhering to milestone-based payment and delivery. Unique aspects include the absence of detailed technical specs and a quantity-based BOQ, requiring bidders to align project management capabilities with public sector procurement norms.

Technical Specifications & Requirements

• Scope: IT project management services on a milestone basis for Regional Rural Banks (RRB) under Department of Financial Services, Lucknow.
• EMD: ₹5,00,000 (to be deposited as specified in tender terms).
• Delivery model: Milestone-based engagement with quantity/duration adjustments up to 25% at contract issue and post-issuance.
• Key expectations: Strong governance, risk management, and change control processes; compliance with government procurement standards; ability to deliver across multiple IT project phases.
• Documentation: Absence of BOQ items suggests emphasis on project plan, milestones, timelines, and performance metrics.
• Eligibility cues: Prior IT project management experience in government or financial services sectors; capability to scale resources to match milestone requirements.
• Location: Lucknow, Uttar Pradesh; no specific equipment or product list; emphasis on service delivery and project execution.

Terms, Conditions & Eligibility

• Quantity/Duration Flexibility: Contract quantity or duration can be increased up to 25% at contract issue and thereafter; bidders must accept revised scope.
• EMD: ₹5,00,000 as security deposit or as per ATC terms.
• BOQ: No items listed; focus on milestone deliverables and performance-based payments.
• Payment terms: Not specified in data; bidders should refer to ATC for milestone payment schedule.
• Compliance: Standard tendering practices for government IT projects; maintain transparency, audit readiness, and milestone verification.
• Documentation: Emphasis on eligibility criteria, project experience, financial stability, and technical capability to deliver milestone-based IT solutions.