Procurement Opportunity: Custom Bid for Services - Hiring of Advertising Agency for Newspaper in CENTRAL DELHI, DELHI

The eligibility criteria for GEM/2024/B/5691601 stipulate that the bidder must have a minimum average annual turnover of INR 1 Crore (100 Lakh) over the last three financial years. Bidders must also have at least 5 years of experience in delivering similar advertising services. Moreover, they should provide evidence of having successfully completed one major similar service in the past three years.

Bidders are required to submit various documents, including a certificate of annual turnover, past contracts evidencing similar projects, and any documents requested in the Instruction to Bidder section. If a bidder requests exemption from experience or turnover criteria, relevant evidence supporting this must also be included.

The Earnest Money Deposit (EMD) for the tender GEM/2024/B/5691601 is INR 80,000. This amount must be submitted along with the bid to demonstrate financial commitment.

The successful bidder is required to provide a Performance Bank Guarantee (PBG) of 5% of the total contract value, which will remain in effect for a duration of 42 months after the award of the contract.

The pre-bid meeting for tender GEM/2024/B/5691601 is scheduled for 20-12-2024 at 12:00 PM. It will be held at the Food Corporation of India Headquarters located in New Delhi.

The bid opening date for tender GEM/2024/B/5691601 is 08-01-2025 at 12:30 PM.

The estimated bid value for this tender is INR 40,00,000. This figure is provided strictly for guiding the EMD amount and determining eligibility concerning turnover and past performance.

Yes, bidders should note that the buyer retains the right to increase or decrease the contract quantity or duration by up to 25% at the time of contract issuance, which bidders are bound to accept.

There are no specific exemptions provided for MSEs regarding the experience and turnover criteria in this tender. MSEs must meet the same requirements as other bidders.

All services provided under this tender must meet the technical specifications as defined in the related documents. This includes compliance with the Statement of Work (SOW) and Service Level Agreement (SLA) requirements.

Bidders can submit their proposals electronically through the GeM portal, ensuring that all required documents are uploaded as part of their bid submission.

Failure to comply with the stated terms and conditions may result in the rejection of the bid or cancellation of the contract post-award, which could lead to legal repercussions for the bidder.

Bidders can expect to receive notifications regarding the bid results typically within a few days following the bid opening date, provided that all evaluations proceed smoothly.

Financial evaluations will be conducted based on the total value of the bids submitted, including the assessment of pricing and services offered, ensuring they align with the buyer's requirements and benchmarks.

There are currently no exemptions for startups concerning the experience and turnover criteria specified for this tender. All bidders must adhere to the standard requirements outlined in the bid documents.