Punjab National Bank Safes V3 ISI Marked to IS 550 Tender 2026
Bid Publish Date
27-Sep-2026, 11:55 am
Bid End Date
12-Oct-2026, 12:00 pm
Location
Progress
Key Highlights
- • Precise product requirement: Safes V3 with ISI Marked and IS 550 compliance
- • Critical standards: IS 550, ISI certification; OEM authorization may be required
- • Option/variation: 25% quantity variation allowed during contract period at contracted rates
- • Delivery flexibility: extended delivery time formula based on original quantity; minimum 30 days
- • Geographic specificity: procurement for banking sector under Punjab National Bank; location not disclosed
- • Penalty/assurance: no explicit LD provided in data; bidders should verify in ATC
- • Warranty/AMC: to be clarified in ATC or post-award terms
- • Documentation: alignment with ATC and bank tender norms; prepare standard bid pack including ISI proof
Tender Overview
The Punjab National Bank (Banking Sector) invites bids for Safes V3 that are ISI Marked to IS 550 under a formal procurement process in 2026. While the exact quantity and estimated value are not disclosed, the tender targets secure safe solutions for banking compliance. The scope emphasizes standardization to IS 550 and ISI certification, with a focus on reputable security equipment suitable for bank vault or restricted access areas. A key differentiator is the explicit option clause allowing up to 25% quantity variation during contract execution, at contracted rates. The procurement highlights the bank’s preference for compliant, standardized safety equipment through a formal tender process in the banking sector.
Technical Specifications & Requirements
- Product category: Safes (V3), ISI Marked, IS 550 compliant
- Standards/certifications: IS 550; ISI marked; any OEM authorization if specified later
- Key features to verify during bid: security level, bolt work, fire resistance, anchor capability, warranty considerations
- Delivery/installation: not explicitly defined; bidders should confirm lead times and site readiness
- EMD/financials: not specified; bidders should prepare standard bid security in line with bank policy
- Experience: prefer suppliers with prior bank-grade safe deployments; confirm service/support capabilities
Terms, Conditions & Eligibility
- Option clause: Purchaser may increase/decrease quantity up to 25% of bid quantity at contract award and during contract currency
- Delivery timeline: calculated from last date of original delivery order; extended period uses a mathematical formula with minimum 30 days
- Compliance: bidders must adhere to the bank’s ATC terms and any uploaded ATC document
- Documentation: ensure submission of standard banking tender documents, OEM authorizations, and ISI/IS 550 compliance proof when requested
- EMD and payment terms: not specified in the data; bidders should align with Punjab National Bank’s standard EMD and payment terms once published
Key Specifications
-
Product: Safes V3
-
Standards: IS 550, ISI Marked
-
Certification: need ISI certification; confirm exact vendor/brand obligations
-
Dimensions/Capacity: not specified in data; verify during bid call
-
Warranty/Support: not specified; confirm post-award AMC terms
-
Delivery/Installation: to be confirmed per ATC; ensure site readiness
Terms & Conditions
-
25% quantity variation rights during and after contract
-
Delivery period calculation from last original delivery order date
-
Minimum 30 days extension where applicable
-
ATC document governs additional terms and conditions
-
IS 550 compliance and ISI marking are mandatory for bidding
Important Clauses
Payment Terms
Details to be provided in ATC; typical bank tender terms may include bid security, milestone payments, and compliance verification
Delivery Schedule
Delivery starts after the last date of original delivery order; extended delivery uses the formula with minimum 30 days
Penalties/Liquidated Damages
Not specified in provided data; verify in ATC and contract terms; potential penalties to be clarified
Bidder Eligibility
-
Experience in supplying bank-grade safes with ISI/IS 550 compliance
-
GST registration and financial stability demonstrated by statements
-
Ability to submit OEM authorizations and ISI certification copies
Tender Data
Bid Details
Quantity
13
Bid Type
Two Packet Bid
Bid Validity
30 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Inspection Required
No
Tech Clarification Time
15 Days
Preference & Exemptions
EMD Required
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
Yes
Requirements
OEM Avg. Turnover
62
Past Performance
80 %
Experience Required
2 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Goods
Bid To RA
No
Bid To RA Enabled
No
Item Category
Safes (V3) ISI Marked to IS 550 (Q2)
Advisory Bank
PUNJAB NATIONAL BANK
Payment Timelines
Payments shall be made to the Seller within 45 days of issue of consignee receipt-cum-acceptance certificate (CRAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Max Delivery Days
15
Delivery Locations
1
Delivery Cities
Rae Bareli
Delivery Pincodes
229001
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Pramod Kumar Shahi | 229001,PNB Circle Office Raebareli, Civil Lines | Rae Bareli | Uttar Pradesh | 229001 | 13 | 15 | - |
Authority Records
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Documents 4
GeM-Bidding-9952919.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
1
Required Documents
GST registration certificate
PAN card
Experience certificates (bank-grade safe installations if available)
Financial statements / turnover evidence
EMD documents (as per bank policy, if specified in ATC)
Technical bid documents demonstrating ISI Marked and IS 550 compliance
OEM authorizations for the safes (if required by ATC)
Any ISI/IS 550 certification copies or lab test reports
Frequently Asked Questions
How to bid for Punjab National Bank safes tender 2026 with ISI
Bidders must meet eligibility criteria including ISI certification, IS 550 compliance, GST registration, and bank-grade installation experience. Prepare OEM authorizations, ISI test reports, and financial statements. The ATC governs submission format and EMD; ensure response aligns with 25% quantity variation rights and delivery terms.
What documents are required for safes tender in banking sector
Submit GST certificate, PAN card, experience certificates for bank-grade safes, financial statements, EMD documents, and technical bid demonstrating ISI/IS 550 compliance. Include OEM authorization if required by ATC and ISI certification copies; align with ATC document uploaded by purchaser.
What are the technical specifications for IS 550 compliant safes
Specifications focus on IS 550 compliance and ISI marking. Bidders should provide safes with V3 security rating, proper bolt work, fire resistance, anchoring capability, and verified certifications. Exact dimensions and capacities are to be confirmed in the tender call and ATC documents.
When is the delivery window for Punjab National Bank safes bid
Delivery timing starts from the last date of the original delivery order; if the option clause is invoked, extended time is calculated by (increased quantity ÷ original quantity) × original delivery period with a minimum of 30 days.
What is the EMD requirement for this safes tender in 2026
EMD requirements are defined in the ATC; the bid may require an EMD or security deposit as per bank policy. Bidders should verify exact amount or percentage in the ATC and ensure compliant payment methods (online or demand draft) as applicable.
How to verify ISI marking and IS 550 compliance for bank safes
Confirm ISI certification through the Bureau of Indian Standards and ensure the safe model is declared as IS 550 compliant by the manufacturer. Request certificate copies, product datasheets, and test reports from the OEM during bid submission.
What are the key eligibility criteria for safes procurement in Punjab
Eligibility includes prior proven deployment of bank-grade safes, ISI/IS 550 certification, GST and financial stability, OEM authorization, and ability to meet delivery terms and the bank’s ATC requirements. Ensure alignment with 25% quantity variation rights and contract terms.
What are the payment terms for supply of safes to Punjab National Bank
Payment terms will be defined in the ATC and contract; bidders should anticipate standard banking terms such as milestone payments or post-delivery settlement within a specified window. Ensure readiness to provide warranty and AMC details if required.