Bank Of India Cash In Transit Service Tender Gaya Bihar 2025 ISMS MT Service Driver Only 25% Scope

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.