Tender Notice for Hiring of Consultants - Milestone/Deliverable Based - Subject Matter Experts; Financial Services, R in CENTRAL DELHI, DELHI

The eligibility requirements include being a registered entity, ideally with experience in delivering similar consulting services within the public sector. Prospective bidders will need to showcase past performance through documented evidence, including references and tangible results from previous contracts, thereby demonstrating their capability to achieve the consultancy objectives laid out in the tender.

What technical specifications are required for this tender?

The technical specifications focus primarily on the contractor’s proficiency in financial services relevant to the public domain. Bidders must exhibit extensive knowledge of regulatory frameworks and risk assessment methodologies. Additionally, a demonstrable history of successful project completion in a similar field is a prerequisite to ensure compliance with the project specifications and requirements.

What requirements must be met regarding payment terms and performance security?

Bidders must comply with specific payment terms, which may be milestone-based, to ensure that payments align closely with deliverables reached. A performance security, generally a percentage of total contract value, is required to ensure contract fulfillment and to mitigate risks associated with non-performance. This security will be forfeited in the event of failure to meet contractual obligations.

How should bid submissions be made for the GEM/2025/B/6045891 tender?

Bid submissions must be done through the official Government eMarketplace (GEM) portal. Bidders are required to upload their proposals and supplementary documents in specified formats, with commonly accepted types being PDF and Word documents. Specifics regarding the format and any required templates will be published on the GEM portal.

Are there any benefits available for Micro, Small, and Medium Enterprises (MSEs) participating in this tender?

Yes, MSEs have special provisions that facilitate their participation in such tenders. These may include relaxed eligibility norms, scoring benefits during the evaluation process, and potentially reduced financial guarantees for participation. This encouragement aligns with policies aimed at fostering local enterprises and nurturing startups within the economy.