Bid Publish Date
14-Nov-2024, 6:09 pm
Bid End Date
31-Jan-2025, 1:00 pm
Location
Progress
RANational Insurance Company Limited (nicl) has released a public tender for Custom Bid for Services - ---- in NORTH 24 PARGANAS, WEST BENGAL. Quantity: 1. Submission Deadline: 31-01-2025 13: 00: 00. Download documents and apply online.
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | INSPIRISYS SOLUTIONS LIMITED Under PMA | 09-12-2024 12:30:44 | |
| 2 | THOUGHTSOL INFOTECH LIMITED Under PMA | 29-01-2025 16:53:23 | |
| 3 | WIZERTECH INFORMATICS PRIVATE LIMITED Under PMA | 27-01-2025 16:38:51 |
These are the final prices after the reverse auction event. Prices may be lower than initial bids.
| Rank | Seller | Final Price | Item |
|---|---|---|---|
| L1 | WIZERTECH INFORMATICS PRIVATE LIMITED Under PMA Winner | ₹8,80,02,000 | Item Categories : Custom Bid for Services - ---- |
| L2 | INSPIRISYS SOLUTIONS LIMITED Under PMA | ₹8,81,12,000 | Item Categories : Custom Bid for Services - ---- |
| L3 | THOUGHTSOL INFOTECH PRIVATE LIMITED Under PMA | ₹21,20,37,150 | Item Categories : Custom Bid for Services - ---- |
🎉 L1 Winner
WIZERTECH INFORMATICS PRIVATE LIMITED Under PMA
Final Price: ₹8,80,02,000
Start
27-Feb-2025, 1:00 pm
End
01-Mar-2025, 10:00 am
Duration: 45 hours
Reverse Auction Document
✅ RA concluded. Check financial results for final rankings.
Quantity
1
Bid Validity
180 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
RA Qualification Rule
50% Lowest Priced Technically Qualified Bidders
Tech Clarification Time
2 Days
Arbitration Clause
No
Mediation Clause
No
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
Yes
Item Category
Custom Bid for Services - ----
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Extended Deadline
31-Jan-2025, 7:30 am
Opening Date
31-Jan-2025, 8:00 am
Extended Deadline
09-Dec-2024, 7:30 am
Opening Date
09-Dec-2024, 8:00 am
Experience Criteria
Bidder Turnover
Certificate (Requested in ATC)
OEM Authorization Certificate
Additional Doc 1 (Requested in ATC)
Additional Doc 2 (Requested in ATC)
Additional Doc 3 (Requested in ATC)
Additional Doc 4 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
Key insights about WEST BENGAL tender market
The eligibility requirements include being a registered entity, demonstrating prior experience in similar contracts, and meeting the financial turnover criteria stated in the tender documents. Bidders must also provide relevant certificates as outlined in the Pre Qualification Criteria (PQC).
Bidders are required to submit various documents, including an OEM Authorization Certificate, proof of experience, and financial documents demonstrating the required turnover. Additional certificates might relate to quality control or compliance with applicable standards.
Bidders can register by creating an account on the designated procurement portal. They must complete all required fields and submit the necessary identification and compliance documents as stated in the instructions provided in the tender.
Proposals must be submitted in the formats specified in the tender guidelines, usually including PDF and other commonly used document formats. Specific details can be found in the Instructions to Bidders document.
Bidders must comply with the technical specifications detailed in the Scope of Work and Pre Qualification Criteria documents, demonstrating their capabilities to meet the service requirements articulated in the tender.
Yes, bidders must meet the quality standards as specified in the tender documents, ensuring that the services provided meet the operational and compliance criteria set forth by the Department of Financial Services.
Compliance requirements include adherence to all standards outlined in the bidding documents, including submission of required certifications, proof of experience, and meeting technical specifications as listed.
Details regarding the Earnest Money Deposit (EMD) are outlined in the tender documents. Bidders are required to submit the EMD as a financial guarantee, the specified amount must be provided before the submission deadline to be considered valid.
Upon contract award, successful bidders must provide a performance security, typically a percentage of the contract value, ensuring the fulfillment of contract terms. Details are available in the payment terms section of the documents.
The payment terms specified in the tender document outline the conditions under which payments will be made following the completion of specified deliverables. These include milestones and compliance checks as outlined in the relevant document.
Price evaluations follow a methodology set forth in the tender documents, focusing on the total value of the bid, including the quality of proposed services and alignment with government financial objectives.
Proposals must be submitted electronically via the designated government procurement platform. Guidelines for submission methods, including IT requirements, are detailed in the Instructions to Bidders document.
The timeline for notifying bidders about the evaluation results will be specified in the tender documents. Generally, notifications are sent post-evaluation and finalization of bid selection.
MSEs may benefit from special provisions that facilitate their participation, including bidding exemptions and flexibility in compliance requirements. These provisions are aimed at promoting inclusivity in government contracting.
Startups may receive special concessions and benefits as outlined in the tender documents, promoting innovation and participation in government contracts. Bidders are encouraged to review these provisions thoroughly.
Bidders are encouraged to comply with the Make in India initiatives, which emphasize local content and domestic manufacturing in the services procured through this tender. Compliance details are provided in the main documentation.
Yes, there are stipulations for local content that bidders must adhere to, which enhance the government's commitment to supporting domestic production. Details can be found in the relevant sections of the tender documents.