Bank Of India Cash In Transit Service Tender Gaya Bihar 2025 ISMS MT Service Driver Only 25% Scope
Progress
Key Highlights
- • Brand/organization requirements: Bank Of India, Department Of Financial Services, cash-in-transit service
- • Technical standards: Integrity Pact; MSE Purchase Preference eligibility; service-office requirement in consignee state
- • Special clauses: 25% quantity/duration adjustment; no sub-contracting without consent; joint liability
- • Eligibility: EMD ₹100,000; no liquidation or bankruptcy; experience in CIT or security services preferred
- • Warranty/AMC: Not specified in data; incumbent support via dedicated toll-free line and escalation matrix
- • Delivery/installation: Office in the state of consignee; driver-only, air-conditioned vehicles; 3/2 operation
- • Penalties: Liquidated damages not specified; escalation path implied via service-support terms
Tender Overview
The Bank of India invites bids for driver-only Cash In Transit Services located in GAYA, BIHAR – 804403 with an estimated contract value of ₹6,864,000 and an EMD of ₹100,000. The scope covers multiple cash-in-transit assignments including groups of 2000, 2500, 3000 and 3500, all requiring air-conditioned, driver-only service and 3/2 operation (as per tender layout). Bidders must ensure service delivery through an office in the consignee state and establish a dedicated service-support line. Key differentiators include a 25% contract quantity/duration adjustment window and strict integrity pact compliance. The tender emphasizes MSE purchase preference rules and the bidder’s ability to meet the service-level escalation structure. This procurement is positioned as a government-backed cash handling and security service requiring robust operational readiness and local presence.
Technical Specifications & Requirements
- No formal product specifications are published; the tender centers on service delivery of Cash In Transit (CIT) operations by a qualified driver, with air-conditioning and appropriate vehicle provisions.
- EMD amount: ₹100,000; estimated value: ₹6,864,000; multiple quantity bands: 2000 / 2500 / 3000 / 3500.
- Essential compliance elements include a valid integrity pact, MSE preference eligibility; evidence of service office in the state; dedicated/toll-free service support numbers; escalation matrix for support.
- Basic eligibility will require non-liquidity, no bankruptcy status, and ability to sign and adhere to the Buyer’s terms including 25% variation during contract.
Terms, Conditions & Eligibility
- EMD: ₹100,000; provide payment as per bid terms.
- 25% variation in quantity or duration allowed; increases post-contract issuance limited to 25%.
- All bidders must sign and upload an integrity pact and submit proof of office in the consignee state.
- Purchase preference: MSEs may be eligible if they meet service-provider criteria and offer within L-1+15% margin; mandatory documentary evidence for MSE status.
- Service support: dedicated toll-free line and escalation matrix required.
- No subcontracting or assignment without prior written consent; joint liability with sub-contractors remains.
Key Specifications
-
Cash In Transit service scope for multiple quantity bands: 2000, 2500, 3000, 3500
-
EMD amount: ₹100,000
-
Estimated contract value: ₹6,864,000
-
Delivery/operational model: driver-only, air-conditioned vehicles
-
Quality/compliance: integrity pact; MSE purchase preference eligibility
-
Service support: dedicated toll-free number; escalation matrix; local office in consignee state
Terms & Conditions
-
Quantity/duration variation up to 25% at contract issue; post-issue variation up to 25%
-
Must sign integrity pact; no sub-contracting without prior written consent
-
MSE purchase preference applicable with required manufacturer/service-provider status and documentation
Important Clauses
Payment Terms
EMD ₹100,000; terms not detailed beyond standard bid terms; ensure payment processing per contract
Delivery Schedule
Delivery/availability of CIT service with dedicated office in consignee state; driver-only, air-conditioned fleet
Penalties/Liquidated Damages
Penalty details not specified; implied performance monitoring via escalation and service support
Bidder Eligibility
-
Not under liquidation or bankruptcy; not in receivership
-
Must have dedicated service office in the consignee state (Bihar)
-
Must sign integrity pact and comply with MSE preference rules where applicable
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | INDIAN INDUSTRIAL SECURITY SERVICES PRIVATE LIMITED Under PMA | 23-12-2025 12:09:06 | |
| 2 | JAI HIND SECURITY SERVICES Under PMA | 24-12-2025 13:00:48 | |
| 3 | PREMIER VIGILANCE & SECURITY PVT LTD Under PMA | 24-12-2025 15:34:54 | |
| 4 | S24 CONSULTANCY AND SERVICES Under PMA | 23-12-2025 17:25:33 | |
| 5 | SAKSHI SECURITY AND INFRASTRUCTURE SERVICES PRIVATE LIMITED Under PMA | 23-12-2025 16:47:25 | |
| 6 | SECURITY ENGINEERS PRIVATE LIMITED Under PMA | 23-12-2025 16:43:57 | |
| 7 | SHIVA INDUSTRIAL SECURITY AGENCY(GUJARAT) LIMITED Under PMA | 23-12-2025 14:49:35 | |
| 8 | SIS CASH SERVICES LIMITED Under PMA | 24-12-2025 12:45:24 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | SAKSHI SECURITY AND INFRASTRUCTURE SERVICES PRIVATE LIMITED( MSE Social Category:General ) Under PMA | Item Categories : Cash In Transit Service - 2000; driver only; Not Applicable; Air Conditioned; 3; 2,Cash In Transit | |
| L2 | S24 CONSULTANCY AND SERVICES( MSE Social Category:OBC ) Under PMA | Item Categories : Cash In Transit Service - 2000; driver only; Not Applicable; Air Conditioned; 3; 2,Cash In Transit | |
| L3 | SIS CASH SERVICES LIMITED Under PMA | Item Categories : Cash In Transit Service - 2000; driver only; Not Applicable; Air Conditioned; 3; 2,Cash In Transit | |
| L4 | SHIVA INDUSTRIAL SECURITY AGENCY(GUJARAT) LIMITED( MSE Social Category:General ) Under PMA | Item Categories : Cash In Transit Service - 2000; driver only; Not Applicable; Air Conditioned; 3; 2,Cash In Transit | |
| L5 | PREMIER VIGILANCE & SECURITY PVT LTD Under PMA | Item Categories : Cash In Transit Service - 2000; driver only; Not Applicable; Air Conditioned; 3; 2,Cash In Transit |
Contract / Result Documents 1
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Tender Data
Bid Details
Quantity
4
Bid Type
Two Packet Bid
Bid Validity
180 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
7 Days
Preference & Exemptions
Startup Exemption (Experience)
Yes | Complete
Requirements
Min. Avg. Annual Turnover
100
Experience Required
3 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Cash In Transit Service - 2000; driver only; Not Applicable; Air Conditioned; 3; 2 , Cash In Transit Service - 2500; driver only; Not Applicable; Air Conditioned; 3; 2 , Cash In Transit Service - 3000; driver only; Not Applicable; Air Conditioned; 3; 2 , Cash In Transit Service - 3500; driver only; Not Applicable; Air Conditioned; 3; 2
Authority Records
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Documents 8
GeM-Bidding-8668325.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Required Documents
GST registration certificate
Permanent Account Number (PAN) card
Experience certificates for similar Cash In Transit services
Financial statements or solvency documents
EMD payment proof (₹100,000)
Technical bid documents demonstrating service capability
OEM authorizations or vehicle/service provider licenses (if applicable)
Signed integrity pact and proof of service office in consignee state
Frequently Asked Questions
Key insights about BIHAR tender market
How to bid for Bank Of India cash in transit tender in Gaya Bihar 2025
To bid, ensure EMD of ₹100,000 is ready; submit GST, PAN, and experience certificates; provide integrity pact and proof of a Bihar state office; comply with 25% quantity variation rules and MSE preference documentation for eligibility.
What documents are required for Bank Of India CIT service bid in Bihar
Submit GST registration, PAN, financial statements, experience certificates in CIT services, EMD proof of ₹100,000, technical bid, OEM authorizations if needed, and signed integrity pact; provide proof of service office in Bihar.
What are the technical CIT service requirements for this tender
The contract requires driver-only, air-conditioned cash-in-transit vehicles with local Bihar office; no detailed hardware specs published; adherence to integrity pact and escalation matrix for service support is mandatory.
When is the EMD and contract variation allowed for this tender
EMD amount is ₹100,000; contract quantity/duration may be varied up to 25% at issue and again up to 25% post-issue, requiring bidder acceptance of revised terms.
What is the MSE purchase preference criteria for this CIT service
MSE eligibility requires being manufacturer/service-provider for the offered CIT service; provide documentary evidence and, if L-1 is not MSE, offer within L-1+15% margin for a contract portion.
What company presence is required in the consignee state
The bidder must establish an office in Bihar with documentary evidence; a toll-free service line and escalation matrix must be provided for CIT service support.
What are the delivery and support expectations for this tender
Delivery relies on driver-only, air-conditioned vehicles with local Bihar support; dedicated toll-free number and escalation contacts must be supplied; compliance with all terms and non-assignment clauses is required.
What penalties or performance guarantees exist for this CIT bid
Specific LD terms are not published; penalties are tied to performance via service support escalation and SLA adherence; ensure readiness to meet contract terms and timelines.