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GEM

Bank of India IT Projects Milestone Basis Hiring Agency Mumbai Maharashtra 2025

Bid Publish Date

29-Nov-2025, 8:24 pm

Bid End Date

16-Jan-2026, 3:00 pm

EMD

₹1,50,00,000

Location

MUMBAI , MAHARASHTRA

Latest Corrigendum Available

Progress

Issue29-Nov-2025, 8:24 pm
Corrigendum08-Jan-2026
AwardPending
Explore all 4 tabs to view complete tender details

Quantity

1

Bid Type

Two Packet Bid

Key Highlights

  • • Bank of India requires IT project agency services on milestone basis in Mumbai, Maharashtra
  • • EMD amount specified: ₹1.50 Crore; payment terms to be detailed in RFP/ATC
  • • RFP documents and uploaded ATC govern terms; no BOQ items listed
  • • Engagement model is milestone-based; scope and deliverables defined in RFP
  • • ATC reference implies adherence to bank procurement norms and standard IT project practices
  • • No specific technical specifications published in tender data; rely on RFP for scope
  • • Bid evaluation criteria and eligibility will be disclosed in the RFP/ATC
  • • Submission must align with government procurement standards and Bank of India policies

Tender Overview

Bank of India invites bids for IT Projects—Agency on milestone basis in Mumbai, Maharashtra. The procurement targets engagement to deliver IT project management services across defined milestones, under the Department of Financial Services. The tender specifies an EMD of ₹1.50 Crore and is positioned as a milestone-based procurement with the RFP outlining deliverables and acceptance criteria. No BOQ items are listed, and the exact project scope remains to be defined within the RFP documents. Bidders should prepare for a structured milestone payment framework and stringent compliance with bank procurement norms. This tender requires bidders to align with government procurement standards and the Bank’s internal ATC terms disclosed in the uploaded ATC files.

Technical Specifications & Requirements

  • Category: IT Projects—Agency services (milestone-based)
  • Location: Mumbai, Maharashtra
  • Organization: Bank of India (Department of Financial Services)
  • EMD: ₹1.50 Crore; payment method to be as per RFP guidance
  • Engagement model: Milestone-based payments aligned to deliverables per RFP
  • BOQ: 0 items; no quantifiable quantities published in data
  • ATC/Terms: Reference to RFP documents and uploaded ATC
  • No technical specifications in tender data; rely on RFP for scope, milestones, and acceptance criteria

Terms, Conditions & Eligibility

  • EMD: ₹1.50 Crore (bank guarantee/DD as per RFP)
  • Engagement model: Milestone-based IT project agency services
  • Documents required: GST registration, PAN, experience certificates, financial statements, EMD submission, technical bid, OEM authorizations as applicable
  • Delivery/Acceptance: To be defined in RFP; subject to milestone achievements
  • Payment terms: Not detailed in data; to be clarified in RFP and ATC documents

Key Specifications

    • Category: IT Projects agency services on milestone basis
    • Location: Mumbai, Maharashtra
    • EMD: ₹1.50 Crore
    • Engagement model: Milestone-based payments
    • Documentation: Refer to RFP and uploaded ATC for scope and acceptance criteria

Terms & Conditions

  • EMD amount: ₹1.50 Crore; mode per RFP (guarantee/DD)

  • Milestone-based engagement; deliverables defined in RFP/ATC

  • Documents required: GST, PAN, experience, financials, EMD, technical bid, OEM authorizations

Important Clauses

Payment Terms

Milestone-based payments to be defined in the RFP; EMD of ₹1.50 Crore required as security

Delivery Schedule

Delivery milestones and acceptance criteria to be specified in the RFP/ATC; no explicit dates in provided data

Penalties/Liquidated Damages

Penalties and LD provisions to be detailed in the RFP/ATC documents; refer to Bank of India procurement policy

Bidder Eligibility

  • Experience in delivering IT project management services or similar engagements

  • Demonstrated capability for milestone-based IT project delivery

  • Financial stability evidenced by financial statements as per RFP

Past Similar Tenders (Historical Results)

5 found

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Posted: 20 March 2025
Closed: 24 March 2025
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Bank Of Baroda

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Posted: 15 September 2025
Closed: 20 October 2025
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Central Board Of Excise And Customs (cbec)

Posted: 20 November 2024
Closed: 30 November 2024
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Indian Science Congress Association

Posted: 20 November 2024
Closed: 30 November 2024
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Required Documents

1

GST registration certificate

2

Permanent Account Number (PAN) card

3

Experience certificates from similar IT project assignments

4

Financial statements (last 3 years or as per RFP)

5

EMD submission document (bank guarantee/DD) for ₹1.50 Crore

6

Technical bid documents as per RFP

7

OEM authorizations (if applicable) per ATC

8

Any additional documents specified in the uploaded ATC

Corrigendum Updates

7 Updates
#1

Update

08-Jan-2026
#2

Update

08-Jan-2026

Extended Deadline

16-Jan-2026, 3:00 pm

Opening Date

16-Jan-2026, 3:30 pm

#3

Update

06-Jan-2026

Extended Deadline

13-Jan-2026, 3:00 pm

Opening Date

13-Jan-2026, 3:30 pm

#4

Update

26-Dec-2025
#5

Update

26-Dec-2025

Extended Deadline

06-Jan-2026, 3:00 pm

Opening Date

06-Jan-2026, 3:30 pm

#6

Update

18-Dec-2025
#7

Update

18-Dec-2025

Extended Deadline

30-Dec-2025, 3:00 pm

Opening Date

30-Dec-2025, 3:30 pm

Frequently Asked Questions

Key insights about MAHARASHTRA tender market

How to bid for Bank of India IT projects milestone tender in Mumbai

Bidders should submit the technical bid, financial bid, and EMD of ₹1.50 Crore as required by the RFP. Include GST, PAN, experience certificates, and financial statements. Adhere to milestone-based deliverables defined in the RFP/ATC and follow the uploaded terms for submission format.

What documents are required for Bank of India IT procurement Mumbai

Required documents include GST certificate, PAN card, last 3 years financial statements, experience certificates for IT projects, EMD submission proof for ₹1.50 Crore, technical bid, and OEM authorizations if applicable, plus any additional documents specified in the ATC.

What are the milestone-based payment terms in this tender in Mumbai

Payment terms are defined by milestones in the RFP/ATC. Bidders must align with milestone achievements to trigger payments. Ensure clear mapping of deliverables to milestones and provide progress evidence with each milestone submission, as detailed in the RFP.

What is the EMD amount for the Bank of India IT tender Mumbai 2025

The EMD amount is ₹1.50 Crore. Bidders must submit an EMD bank guarantee or payment as specified in the RFP/ATC to participate, ensuring compliance with country procurement norms and Bank of India policies.

Where can I find the ATC and RFP for Mumbai IT services tender

ATC and RFP are uploaded in the tender portal accompanying this notice. Bidders should download both documents to understand scope, acceptance criteria, and mandatory terms, including milestone details and submission formats.

What eligibility criteria apply to IT project agency bids in Mumbai 2025

Eligibility includes demonstrated IT project management experience, financial stability evidenced by financial statements, compliance with GST and PAN requirements, and adherence to EMD and technical bid submission as per RFP/ATC.

What are the delivery expectations for the Bank of India IT tender Mumbai

Delivery expectations are milestone-based and specified in the RFP. Bidders must outline project plan, milestones, acceptance tests, and deliverable verification. Timelines and penalties will be defined in the ATC; ensure alignment with bank procurement norms.

What standards or certifications are required for this IT project tender

The tender references RFP/ATC for standards; bidders must meet applicable government procurement compliance, provide OEM authorizations if required, and comply with IT service delivery norms outlined in the RFP/ATC.