Indian Bank Procurement Rajkot Gujarat Banking Equipment Tender 2026 with 25% Quantity Variation and ATC Compliance
Progress
Key Highlights
- • Quantitative variation clause allowing ±25% quantity change at contract award and during contract term
- • Delivery-time calculation method: (additional quantity ÷ original quantity) × original delivery period, minimum 30 days
- • ATC document exists and must be reviewed for exact technical and compliance requirements
- • Estimated contract value: ₹5,00,000; five BOQ items referenced but data shown as N/A
- • No explicit specifications or product categories disclosed in the public data; rely on ATC for specifics
- • Location-based tender in Rajkot, Gujarat under Indian Bank and Department Of Financial Services
Tender Overview
Indian Bank, under the Department Of Financial Services, invites bids for a banking equipment procurement in Rajkot, Gujarat with an estimated value of ₹5,00,000. The BOQ lists 5 items though specifics are not disclosed, and an ATC document is referenced. The Purchaser reserves a flexible quantity clause allowing up to 25% increase/decrease at contract inception and during the contract currency, using the formula (additional quantity ÷ original quantity) × original delivery period, with a minimum of 30 days. This tender requires bidders to align with the option clause and the delivery framework set forth in the ATC. Location-specific tender details and scope are defined under the buyer’s terms, with no technical specs provided in the current data.
Technical Specifications & Requirements
- No technical specifications are provided in the public data; bidders should review the attached ATC document for exact compliance requirements.
- The tender references 5 items (BOQ) but lists them as N/A, indicating missing quantifiable technical or quantity data in the visible excerpt.
- The clause on quantity variation (up to 25%) applies to both initial and extended delivery periods, affecting delivery planning and price alignment at contracted rates.
- The only concrete numeric guidance pertains to the estimated value (₹5,00,000) and the mandated option-clause delivery calculation. Bidders should anticipate potential itemized requirements within the ATC and prepare accordingly.
Terms & Eligibility
- EMD amount not disclosed in the public data; verify in ATC or tender portal.
- Delivery terms: extended delivery time calculated as specified by option clause; minimum extension 30 days.
- Payment terms: not specified in the provided data; confirm in the ATC.
- Submission requires compliance with the ATC and any attached documents as per the buyer terms; ensure readiness to fulfill quantity-flexibility and delivery coordination.
- Review the 5-item BOQ (N/A entries) and obtain the fully detailed scope from the ATC before bid submission.
Key Specifications
-
Item count in BOQ: 5 items
-
Estimated value: ₹5,00,000
-
Quantity variation: up to 25% during contract and extended period
-
Delivery time formula: (additional quantity ÷ original quantity) × Original delivery period, minimum 30 days
-
ATC document to be reviewed for exact technical specs and compliance requirements
Terms & Conditions
-
EMD amount not disclosed publicly; confirm in ATC
-
Delivery window adjusted via option clause with minimum 30 days
-
Review ATC for exact product specifications and submission requirements
Important Clauses
Option Clause
The Purchaser may increase/decrease bid quantity up to 25% at contract placement and during the currency of the contract at contracted rates.
Delivery Schedule
Delivery period begins from the last date of the original delivery order; extended time follows the stated formula with a minimum 30 days.
Payment Terms
Details to be clarified in the ATC; bidders must review for advance, milestones, or post-delivery payments.
Bidder Eligibility
-
Proven experience in similar banking equipment procurement or related supply contracts
-
Financial capacity to support a ₹5,00,000 value bid
-
Ability to comply with ATC terms and quantity-flexibility requirements
Tender Data
Bid Details
Quantity
32
Category
Title1
Bid Type
Two Packet Bid
Bid Validity
30 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Inspection Required
No
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
No
MII Purchase Preference
Yes
MII Preference Band
L1+20%
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Min. Avg. Annual Turnover
25
Past Performance
80 %
Experience Required
1 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Goods
Bid To RA
No
Bid To RA Enabled
No
Item Category
Title1 , Title2 , Title3 , Title4 , Title5
Payment Timelines
Payments shall be made to the Seller within 10 days of issue of consignee receipt-cum-acceptance certificate (CRAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Max Delivery Days
15
Delivery Locations
1
Delivery Cities
Rajkot
Delivery Pincodes
360005
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Sumit Shriram Khot | 360005,Indian Bank, Zonal Office Rajkot, 201, 2nd Floor, Central Block, Twin Star Building, 150 ft. Ring Road, Nana Mava Circle, RAJKOT | Rajkot | Gujarat | 360005 | 4 | 15 | - |
Authority Records
BID & GeM Expert Consultancy
End-to-end support — bid preparation, GeM registration, document filing & compliance by industry experts.
Free consultation · 24h response
Documents 5
GeM-Bidding-9859663.pdf
Main Document
BOQ Document
BOQ
BOQ Document
BOQ
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Bill of Quantities (BOQ)
5 Items Sign in to view GEM price trends Sign in for GEM prices
Title1
As per specification 1
Title2
As per specification 2
Title3
As per specification 3
Title4
As per specification 4
Title5
As per specification 5
| Item # | Title | Description | Quantity | Unit | Consignee | Delivery (Days) | Price Trends |
|---|---|---|---|---|---|---|---|
| 1 | Title1 | As per specification 1 | 4 | pieces | zo_rajk_con1 | 15 | |
| 2 | Title2 | As per specification 2 | 4 | pieces | zo_rajk_con1 | 15 | |
| 3 | Title3 | As per specification 3 | 8 | mitar | zo_rajk_con1 | 15 | |
| 4 | Title4 | As per specification 4 | 8 | mitar | zo_rajk_con1 | 15 | |
| 5 | Title5 | As per specification 5 | 8 | pieces | zo_rajk_con1 | 15 |
🤖 AI-Powered Bidder Prediction
Discover companies most likely to bid on this tender
Required Documents
GST registration certificate
Permanent Account Number (PAN) card
Experience certificates for similar procurement
Financial statements (last 2-3 years)
EMD submission proof (as per ATC)
Technical bid documents and any OEM authorizations
ATC-compliant technical compliance certificates (if required)
Frequently Asked Questions
Key insights about GUJARAT tender market
How to bid in the tender in Rajkot Gujarat 2026 for Indian Bank?
Bidders must review the ATC for exact scope, submit GST, PAN, experience certificates, financials, and EMD as specified. The tender allows up to 25% quantity variation; ensure pricing accommodates potential changes. Delivery terms follow the minimum 30-day extension rule, and payment terms are clarified in the ATC.
What documents are required for the Indian Bank procurement in Rajkot 2026?
Required documents include GST certificate, PAN, experience certificates of similar work, financial statements, EMD proof, technical bid documents, and OEM authorizations if applicable. Ensure ATC-specific certificates and compliance documents are attached as per the buyer terms.
What are the key technical specifications for the Rajkot tender 2026?
Public data shows no explicit specifications; bidders must consult the ATC document for itemized requirements, standards, and testing criteria. Prepare to show ISO/ISI compliance where applicable and provide OEM certifications if requested in ATC.
When is the delivery period for the Rajkot procurement bid 2026?
Delivery timing depends on the original delivery order and the option clause; calculated extension follows (additional quantity ÷ original quantity) × original delivery period with a minimum of 30 days. Confirm exact dates in the ATC and purchase order.
What is the EMD for the Indian Bank Rajkot tender 2026?
The public data does not disclose the EMD amount; bidders should check the ATC for the exact EMD value and submission method (DD/online) and ensure timely payment to avoid disqualification.
How does the option clause affect pricing and delivery for this tender in Rajkot?
The option clause allows a ±25% quantity fluctuation at contract award and during execution. Pricing remains at contracted rates; delivery time adjusts via the specified formula, with a minimum 30-day extension, requiring bidders to plan buffers and update schedules accordingly.