Punjab National Bank Safes (V3) ISI Marked to IS 550 Tender MOGA Punjab 2025

Tender Overview

Punjab National Bank invites bids for Safes (V3) ISI Marked to IS 550 under Q2 category for procurement in MOGA, PUNJAB 142001. The tender specifies supplier engagement under a flexible quantity clause allowing ±25% variation at contract placement and during the currency of the contract, at contracted rates. Although no start/end dates or estimated value are disclosed, the opportunity targets secure supply of ISI-marked safes aligning with IS 550 standards. The unique differentiator is the option-based delivery timeline linked to quantity adjustments across the contract period, demanding bidders demonstrate scalable production and timely delivery.

Technical Specifications & Requirements

• Category: Safes (V3) ISI Marked to IS 550 (Q2) for Punjab National Bank, MOGA of Punjab
• Standards: ISI Marked; IS 550 compliance required
• Quantity Flexibility: Option clause permits +/- 25% quantity variation at order placement and during contract currency
• Delivery Timing: Calculations for extended delivery time use formula: (Additional quantity ÷ Original quantity) × Original delivery period, minimum 30 days; extensions may not exceed original delivery period
• Bill of Quantities: No BOQ items listed, indicating potential need for bidder-led specification and framing of deliverables
• EMD/Financials: Specific EMD not disclosed in data; bidders should prepare standard EMD as per bank bid norms and ensure ISI/IS 550 conformity documentation
• Delivery Location: MOGA, Punjab; suppliers must coordinate with PNB regional offices for delivery
• Experience: Not explicitly stated; bidders should demonstrate capability in supplying ISI-marked safes and compliance with IS 550
• Brand/OEM: Not specified; verify if PNB requires OEM authorization or authorized dealer status
• Quality & Testing: ISI marking implies conformity testing and post-delivery verification as per IS 550 guidelines

Terms, Conditions & Eligibility

• EMD: Amount not disclosed in provided data; bidders must align with standard EMD practices for state/PSB procurement
• Delivery: Delivery windows are tied to option-quantity adjustments; initial delivery period to be defined by purchaser at award
• Payment Terms: Not specified; bidders should anticipate typical PSB payment cycles (e.g., 30–45 days post-delivery) and confirm in bid
• Documentation: GST registration, PAN, experience certificates, financial statements, technical compliance certificates, OEM authorizations may be required
• Option Clause: Purchaser may increase/decrease quantity by up to 25%; extended delivery time calculations apply per clause
• Penalties: Not specified; bidders should seek clarity on LD/penalty terms during bid clarification
• Warranty/Support: Not specified; assume standard warranty terms for safes per IS 550, verify during bid
• Eligibility: Demonstrated capability to supply ISI marked safes to IS 550 standard and compliance with bank procurement norms