Bank Of India Financial Advisory Services Onsite Tender Mumbai 2026 - IFCFS Compliance & 25% Scope Clause
Bid Publish Date
19-Sep-2026, 11:45 am
Bid End Date
12-Oct-2026, 12:00 pm
EMD
₹1,75,000
Value
₹35,00,000
Location
Progress
Key Highlights
- • Brand/OEM requirements: Not specified
- • Technical standards: None listed; emphasis on past project experience proofs
- • Special clauses: 25% quantity/duration flex during and after award
- • Eligibility: documented past performance via contracts, invoices, or client certificates
- • Warranty/AMC: Not specified
- • Penalties: Not specified; LD terms not detailed
- • Delivery/Installation: Onsite financial advisory services in Mumbai
Tender Overview
The procurement is issued by Bank Of India, Department Of Financial Services, for onsite Financial Advisory Services (IFCFS) in Mumbai, Maharashtra. The estimated contract value is ₹3,500,000 with an EMD of ₹175,000. The bid allows a 25% quantity/duration adjustment at issue or post-issuance, applicable to lumpsum service contracts with provider consent. The tender emphasizes supplier proof of past experience through contract invoices, client execution certificates, or third‑party notes. No BOQ items are listed, indicating a service-only engagement with potential scope expansion.
Technical Specifications & Requirements
- Service category: Financial advisory services (onsite) for Bank of India under Department of Financial Services.
- Key procurement indicators: Estimated value ₹3,500,000; EMD ₹175,000.
- Documentation expectations: proof of past experience via contracts/invoices with self‑certification, or client execution certificates; alternative proofs permitted.
- No technical performance specs or product SKUs are provided; emphasis on eligibility, experience, and compliance with added terms.
- Notable clause: option to increase scope up to 25% with consent, both before and after contract award, for lumpsum engagements.
- Location specificity: Mumbai, Maharashtra; bidders should align delivery/support expectations to urban banking operations.
Terms, Conditions & Eligibility
- EMD: ₹175,000; must be submitted as specified in the terms.
- Experience proofs: contract copies with invoices, execution certificates, or equivalent documents.
- Quantity/duration flex: 25% increase/decrease rights exercised at contract issue or during execution.
- Certificates: ensure upload of all required documents to avoid rejection.
- No BOQ items; focus on service capability, past performance, and compliance with buyer terms.
Key Specifications
-
Service name: Financial Advisory Services (Onsite) for Bank Of India
-
Estimated contract value: ₹3,500,000
-
EMD: ₹175,000
-
Location: Mumbai, Maharashtra
-
Experience proofs: contracts, invoices, execution certificates or equivalent
-
Flexibility clause: 25% scope/duration adjustment with consent
Terms & Conditions
-
EMD amount and submission method
-
Experience proof acceptable documents
-
25% scope/duration change right
Important Clauses
Payment Terms
Not explicitly detailed in supplied data; subject to buyer terms and contract specifics
Delivery Schedule
Onsite financial advisory services in Mumbai; no fixed delivery milestones provided
Penalties/Liquidated Damages
Not specified in the available information; rely on standard government procurement norms
Bidder Eligibility
-
Evidence of prior financial advisory service delivery
-
GST registration and PAN
-
No BOQ or product-specific certifications required; emphasis on past performance
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
180 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
7 Days
Preference & Exemptions
EMD Required
Yes
MII Compliance
Yes
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Experience Required
3 Year (s)
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Financial Advisory Services - Onsite; IFCFS
Advisory Bank
State Bank of India
ePBG Percentage
5%
ePBG Duration (Months)
48
Payment Timelines
Payments shall be made to the Seller within 30 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Delivery Locations
1
Delivery Cities
Mumbai Suburban
Delivery Pincodes
400051
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Radhika Kapoor | 400051,Bank of India, Head office, Star house-I, C-5, G Block, Bandra kurla Complex, Bandra Kurla (East) Mumbai 400051 | Mumbai Suburban | Maharashtra | 400051 | Project / Lumpsum Based | - | - |
Authority Records
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Documents 4
GeM-Bidding-9913711.pdf
Main Document
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
5
Corrigendum Updates
1 Update Update
Extended Deadline
12-Oct-2026, 6:30 am
Opening Date
13-Oct-2026, 6:30 am
Required Documents
GST registration certificate
PAN card
Past experience proof: contract copies + invoices with bidder self-certification
Execution certificate from client or equivalent third‑party document
Financial statements or balance sheets for last 2-3 years
EMD submission proof (online or DD as applicable)
Technical bid documents and certificates uploaded as per ATC/Corrigendum
OEM authorizations or partner agreements (if applicable for advisory services)
Frequently Asked Questions
Key insights about MAHARASHTRA tender market
How to bid for Bank Of India onsite financial advisory tender in Mumbai 2026?
Bidders must submit GST, PAN, and financial statements, along with past experience proofs such as contracts and invoices or client execution certificates. Ensure upload of all required certificates and comply with the 25% scope/duration flex clause. EMD is ₹175,000 and estimated contract value is ₹3,500,000.
What documents are required for the Mumbai IFCFS bid 2026?
Submit GST registration, PAN card, contract/invoice proofs or execution certificates for past work, financial statements, EMD proof, and technical bid documents. Ensure all requested documents from ATC/Corrigendum are uploaded to avoid rejection.
What is the EMD amount for the Bank Of India advisory tender in Mumbai?
The bid security or EMD amount is ₹175,000. This must be provided as per tender terms, and failure to submit may lead to disqualification from the process.
Are there any scope changes allowed for the Mumbai financial services tender?
Yes. The buyer may increase or decrease contract quantity or duration by up to 25% at the time of issue, and post-issuance changes can be made within the same 25% limit with the service provider's consent.
What is the estimated value and location for this procurement?
The estimated contract value is ₹3,500,000 and the location is Mumbai, Maharashtra. This reflects the onsite financial advisory services requirement under the Department of Financial Services.
What past experience proofs are acceptable for eligibility?
Acceptable proofs include contract copies with invoices and bidder self‑certification, execution certificates from clients, or third‑party inspection notes. These documents demonstrate delivery of similar advisory services and contract value applicability.
Where can bidders find the delivery and payment terms for this bid?
Delivery is onsite in Mumbai with no fixed milestone details; payment terms are governed by the contract and standard government procurement norms. Ensure readiness to comply with post-award terms and documentation requirements.