Regional Rural Banks (RRB) IT Projects Agency Hiring Tender Lucknow Uttar Pradesh 2026 Milestone Basis

Tender Overview

The Regional Rural Banks (RRB), under the Department of Financial Services, seeks an agency for milestone-based IT project management and implementation in Lucknow, Uttar Pradesh. The opportunity targets firms capable of delivering defined IT project milestones, with an estimated contract scope framed around milestone payments and deliverables rather than a single lump-sum. A notable feature is the 25% contract quantity/duration adjustability at contract issuance and post-issuance, enabling responsive resource alignment. The procurement emphasizes compliance with the organization’s integrity pact and ATC terms, and requires bidders to integrate with existing RRB IT governance frameworks. The tender emphasizes structured project governance, risk management, and milestone-based payments to align with public procurement rigor.

Location: Lucknow, Uttar Pradesh (PIN 226001)
Organization: Regional Rural Banks (RRB) / Department of Financial Services
Category: Hiring of Agency for IT Projects - Milestone basis
EMD: ₹3,600,000 (three million six hundred thousand) to accompany bid submission
Key differentiator: Flexibility in scope adjustment up to 25% and mandatory Integrity Pact compliance

Technical Specifications & Requirements

No technical specifications are provided in the tender text. The BoQ contains zero items, indicating a high-level, milestone-driven engagement rather than a list of deliverables. The absence of product categories or technical standards suggests bidders must rely on standard IT project management practices, with governance aligned to Department of Financial Services and RRB guidelines. The ATC document and buyer-uploaded terms may define specific processes, reporting cadence, and risk/quality controls beyond the basic milestone framework. The EMD amount signals a substantial procurement scale. Bidder experience in IT programs for financial services, plus familiarity with public sector procurement, will be advantageous.

• EMD: ₹3,600,000
• Contract type: Milestone-based IT project agency engagement
• Flexibility: Up to 25% adjustment in quantity or duration at contract issue and post-issue

Terms, Conditions & Eligibility

• Quantity/duration flex: Up to 25% at contract issue; post-issue adjustments also capped at 25%
• Integrity Pact: Upload scanned signed integrity pact per organization policy with bid submission
• ATC: Refer to uploaded ATC document for organization-specific terms
• EMD: ₹3,600,000 to accompany bid submission
• No BOQ items: Indicates milestone-based, governance-centric engagement rather than product delivery list
• Bidder readiness to align with public sector procurement processes and IT governance standards