LIC Currency Counting Machine Tender Ahmedabad Gujarat V2 Compliance 2026
Lic - Life Insurance Corporation Of India
AHMEDABAD, GUJARAT
Posted:
21 January 2026
Closed:
31 January 2026
GEM
GEM
LIC Life Insurance Corporation Currency Counting Machine Tender 2025 Rajasthan/UP - ISI/CISCO Brands NAM 1000+ 44102501SD00004
Bid Publish Date
26-Dec-2025, 5:38 pm
Bid End Date
05-Jan-2026, 6:00 pm
Location
Progress
Issue26-Dec-2025, 5:38 pm
Technical31-12-2025 15:53:52
Financial
Award11-Mar-2026, 2:45 am
Quantity
31
Bid Type
Two Packet Bid
Categories
2
Tender Overview
Organization: Life Insurance Corporation of India (LIC) under the Department of Financial Services. Product: Currency counting machine (V2) with enhanced note authentication capabilities. Location: multiple branch offices across Uttar Pradesh and surrounding states; delivery and installation at Allahabad circuits and other listed locations. Estimated value and quantities are scalable via a 25% option clause. Key differentiator is brand-specific ATC requirements mandating three approved models for supply. This tender emphasizes on-site installation, comprehensive warranty coverage, and post-w warranty support, with service center availability in each consignee state.
Technical Specifications & Requirements
- Approved brands by Competent Authority: Albertsons Model No Cash Clean 100L, Methodex NAM 1000+, Godrej 44102501SD00004.
- Required features include: currency counting speed, multiple counting mechanisms, note authentication sensors, display, foam factor/type, and additional accessories as per model.
- Service scope includes installation and commissioning within supply, training and demonstration, and minimum free services during comprehensive warranty.
- Lab/Testing: conformity test report from an approved laboratory proving governing specification compliance.
- Delivery footprint covers multiple branch offices in Allahabad region; on-site warranty is preferred, with escalation matrix for service support.
Terms, Conditions & Eligibility
- Quantity flexibility up to 25% during contract and extended period per option clause.
- Service Centre requirement: functional center in each state of consignee location; must establish within 30 days of award if not existing.
- Escalation matrix and vendor commitments for after-sales service.
- Mandatory brand disclosure in bid submission per ATC clauses; suppliers to supply machines at branch locations with cost borne by bidder.
- Warranty: comprehensive unit warranty with on-site/ carry-in depending on model; post-warranty support and AMC terms to be clarified in final contract.
Key Specifications
-
Brand requirements: Albertsons Cash Clean 100L, Methodex NAM 1000+, Godrej 44102501SD00004
-
Counting features: speed, dual/multi-counting, note authentication sensors
-
Display type and foam factor/type details to be confirmed with model
-
Salient features and additional accessories listed per model
-
Testing/quality: lab-based conformance test per governing specification
-
Warranty: comprehensive coverage for complete unit with installation included
Terms & Conditions
-
Quantity variation up to 25% at contract award and during currency
-
Functional service centers required in each consignee state, 30-day establishment window
-
Brand clarity and OEM authorizations mandatory for bidding
Important Clauses
Payment Terms
Not specified in provided data; typical terms require milestone payments post-installation and demonstration
Delivery Schedule
Delivery period tied to original order; option clause allows extended delivery time proportional to quantity changes, minimum 30 days
Penalties/Liquidated Damages
Not specified; implement LD as per standard government procurement norms in final contract
Bidder Eligibility
-
Functional service centre in LIC consignees' state or commitment to establish within 30 days of award
-
Brand-specific OEM authorizations for Albertsons, Methodex, Godrej models
-
Experience in supplying currency counting or banknote handling equipment
Additional Tender Data
Commercial Details
Tender Category
Goods
Bid To RA
No
Bid To RA Enabled
No
Item Category
Currency Counting Machine (V2) (Q2)
Authority Records
MINISTRY OF FINANCEFINANCIAL SERVICES DEPARTMENT
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Documents 4
GeM-Bidding-8716240.pdf
Main Document
CATALOG-Specification-1
CATALOG Specification
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
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Tender Results
Loading results...
Technical Specifications
1 Item
Item #1 Details
View Catalog| Category | Specification | Requirement |
|---|---|---|
| Generic | Description and Purpose of Machine | A currency counting machine is a device designed to accurately count banknotes. Equipped with mechanical components to automate the counting process. These machines may also have electronic sensors to detect counterfeit or damaged currency as applicable. |
| Generic | Construction | The currency counting machine will feature an aesthetically pleasing design and robust construction, ensuring it remains stable and undistorted during operation. All rotating and moving parts will operate smoothly and securely. Key components of the currency counting machine include an appropriate motor, sensors as applicable etc. The machine is equipped with necessary safety devices to prevent accidents during use. |
| Features and Performance | Display | LCD/LED/Digital Display |
| Features and Performance | Type of Counting Mechanisms | Loose Currency |
| Features and Performance | Foam Factor/Type | Desktop/Table Top-Type |
| Features and Performance | Additional Sensors for Note Authentication of the Machine | UV (Ultra-Violet Light/Fluorescent Scanner), MG (Magnetic Scanner) |
| Features and Performance | Counting speed, (Number of Currency Notes/Minutes) | Upto 1000 |
| Features and Performance | Salient Features | Capable of Counting and Totalling Multi Denominations Currency Notes in single operation |
| Features and Performance | Additional Accessories | Additional Display |
| Buyer Specific Requirements | Other requirements | As per buyer added ATC/ASOW if any (The ATC/ASOW/additional requirement shall be complement to the existing Category specifications. Any stipulation which are directly contradictory to the category specifications be considered as null and void. Any bid having contradictory specifications/ATC will be liable to cancelled) |
| Service, Warranty, Installation and Commissioning | Comprehensive warranty for complete unit | 1 year from the date of satisfactory commissioning of the machine |
| Service, Warranty, Installation and Commissioning | Installation and Commissioning inclusive in the scope of supply | Yes |
| Service, Warranty, Installation and Commissioning | Training and Demonstration | The installation and demonstration of the machine at the consignee place shall be carried out as part of installation and commissioning |
| Service, Warranty, Installation and Commissioning | Minimum Free Services during Comprehensive warranty / CMC / AMC for complete unit | 2 nos. per year |
| Service, Warranty, Installation and Commissioning | Post warranty support | Agree to provide all supports and spares etc including CMC / AMC as per independent contract if placed by the buyer for 7 years from the date of commissioning |
| Certification / Test Report | Type of lab which carried out Test of Complete Product to prove the conformity of product as per Governing Specification | OEM/Govt. Lab/NABL Accredited Lab |
Required Documents
1
GST registration certificate
2
Permanent Account Number (PAN) card
3
Experience certificates for currency counting machines or similar banknote handling equipment
4
Financial statements (latest audited) demonstrating turnover
5
EMD documentation (as per ATC or note of exemption)
6
Technical bid documents and compliance certificates for the approved brands
7
OEM authorizations for Albertsons, Methodex, and Godrej models
8
Service Centre details and escalation matrix
9
Lab/test reports proving conformity to governing specifications
Technical Results
| S.No | Seller | Item | Date | Status |
|---|---|---|---|---|
| 1 | ALBERTSONS INTERNATIONAL PRIVATE LIMITED Under PMA | Make : ALBERTSONS Model : Cashclean-100L | 31-12-2025 15:53:52 | |
| 2 | LE RAYON INTERNATIONAL Under PMA | Make : Le Rayon Model : LE RAYON-LRV-600 MIX VALUE COUNTER | 03-01-2026 15:28:34 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | ALBERTSONS INTERNATIONAL PRIVATE LIMITED(MSE)( MSE Social Category:General ) Under PMA | Item Categories : Currency Counting Machine (V2) |
Contract / Result Documents 1
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Frequently Asked Questions
Key insights about UTTAR PRADESH tender market
How to bid for LIC currency counting machine tender Allahabad 2025?
Bidders must meet brand-specific ATC; submit OEM authorization, GST, PAN, financials, and experience certificates. Ensure installation capability across listed branch locations and provide a detailed service center plan with escalation matrix. Include acceptance of 25% quantity variation and conformity with approved model specifications.
What documents are required for LIC currency counting bid LIC Allahabad?
Submit GST, PAN, and audited financial statements; supply OEM authorizations for Albertsons, Methodex, Godrej models; provide experience certificates for currency counting equipment; include LAB/test conformity reports and service center details; disclose warranty and AMC terms clearly in technical bid.
What are the approved brands for LIC currency counting machine tender?
Competent Authority approved three brands: Albertsons Cash Clean 100L, Methodex NAM 1000+, and Godrej 44102501SD00004. Bidders must specify make/model clearly and provide OEM authorization to supply these counts and features across LIC branches.
What is the delivery timeline and option clause for LIC bid?
Delivery terms allow a 25% quantity variation. Delivery period starts after the last delivery order date; extended time is calculated as (Increased quantity ÷ Original quantity) × Original delivery period, minimum 30 days, and may extend to original period if required.
What warranty and post-warranty support are required for LIC machines?
Comprehensive warranty for the complete unit is required, including installation. Post-warranty support and potential AMC terms should be specified in the final contract; ensure on-site or carry-in service as per model and warranty type.
What installation and training are included in LIC currency counter supply?
Installation and commissioning are included in the scope of supply, with training and demonstration for LIC staff. Minimum free service during comprehensive warranty should be detailed; service center evidence may be requested before payment release.
How to verify compliance with governing specifications for LIC currency counting?
Submit a laboratory test report from an approved lab validating conformance to governing specifications for currency counting and note authentication; ensure display, counting speed, and sensors meet model-specific requirements.
What are the brand disclosure requirements in the LIC bid 2025?
Bidders must clearly mention the make/model of the machine as per ATC clauses, and provide OEM authorization letters for Albertsons, Methodex, and Godrej models, ensuring the equipment meets LIC’s approved list before submission.
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Documents 4
GeM-Bidding-8716240.pdf
Main Document
CATALOG-Specification-1
CATALOG Specification
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS