REC Limited Milestone/Deliverable Based Consultants Tender Gurgaon Haryana 2026 – Subject Matter Experts & Financial Services
Progress
Key Highlights
- • REC LIMITED requires milestone/deliverable based consultants for financial services in Gurgaon, Haryana with a ₹590,000 estimated value.
- • EMD of ₹10,000 can be submitted via DD, Banker’s Cheque, or online RTGS; proof must accompany bid.
- • 25% contract quantity/duration flex allowed; post-award scope adjustments require mutual consent for lumpsum engagements.
- • Performance security can be DD or online RTGS; PBG permitted under GeM GTC; online payment must reference contract details.
- • No BOQ items are specified; emphasis on consultant deliverables and milestone-based outcomes rather than tangible goods.
- • Required documentation includes GST, PAN, experience certificates, financials, and OEM authorizations as applicable.
Tender Overview
REC LIMITED invites bids for a milestone/deliverable based consultancy engagement in Gurgaon, Haryana for Subject Matter Experts and Financial Services within a hybrid scope. The estimated contract value is ₹590,000 with an EMD of ₹10,000. Multiple EMD submission options exist, including DD, banker’s cheque, or online RTGS/USSD payments to REC LIMITED. Alternate contract adjustments up to 25% are allowed for quantity or duration, with consent for lumpsum scale. The procurement emphasizes flexible scope and rapid onboarding.
Key differentiators include the hybrid work model, verification via GeM ATC, and integrated payment security mechanisms. Tender includes explicit hardcopy delivery timelines and meticulous documentation requirements. No BOQ items are listed, signaling a consultancy-focused evaluation rather than hardware deliverables. Bidders should prepare for a prompt yet thorough onboarding process and a responsive performance framework.
Technical Specifications & Requirements
- No technical specifications for hardware or software are provided in the tender data.
- EMD submission options: DD in favour of REC LIMITED (GURUGRAM), Banker’s Cheque (GURUGRAM), or Online RTGS/Internet banking to REC LIMITED (Account No. 00030350000574, IFSC HDFC0000003).
- Online payment proof must be uploaded; hard copies to be delivered within 5 days of bid end/opening.
- Performance security can be submitted as DD or online RTGS/Internet banking within 15 days of award; PBG allowed per GeM GTC.
- There are no BOQ items; scope centers on consultant deliverables and milestone-based outcomes.
Terms, Conditions & Eligibility
- EMD: ₹10,000; multiple payment modes permitted (DD, Banker’s Cheque, RTGS/online).
- Delivery: Hard copy EMD or proof to be delivered within 5 days after bid end/opening.
- Performance Security: DD or online RTGS/online payment acceptable; must be uploaded within 15 days of contract award.
- Quantity/Duration Flexibility: up to 25% increase/decrease allowed at contract issue and post-issuance; price/scope may adjust with service provider consent for lump-sum contracts.
- Documentation: include GST, PAN, experience certificates, financials, OEM authorizations as applicable; ensure online bid references and transaction proofs are included.
Key Specifications
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Milestone/deliverable based consultancy contract for Subject Matter Experts and Financial Services
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Estimated value: ₹590,000; EMD: ₹10,000
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Delivery/Onboarding: online bid with proof of payment; hardcopy to reach within 5 days
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Performance security: DD or online payment within 15 days of contract award; PBG allowed
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No BOQ items; scope defined by milestones and deliverables under hybrid work model
Terms & Conditions
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25% contract quantity/duration variation permitted at issue and post-award
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EMD payable modes: DD/ Banker’s Cheque/RTGS; online payment supported
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Delivery of hard copies within 5 days; performance security due within 15 days
Important Clauses
Payment Terms
EMD payable methods include DD, Banker’s Cheque, or RTGS/online; performance security via DD/online payment; all proofs to be uploaded with bid.
Delivery Schedule
Hard copy EMD/initial documents must reach the buyer within 5 days of bid end/opening; online payments require transaction details to be included.
Penalties/Liquidated Damages
Not explicitly stated in the provided data; tender ATC mentions milestone-based deliverables and potential scope adjustments.
Bidder Eligibility
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Eligibility for consultant services in financial domains with prior milestone-based delivery
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Ability to provide hybrid (as specified in scope of work) consultancy services
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Demonstrated experience and financial stability evidenced by certificates and statements
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
180 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
Yes
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Min. Avg. Annual Turnover
236
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
Hiring of Consultants - Milestone/Deliverable Based - Subject Matter Experts; Financial Services; No; Hybrid(As specified in scope of work)
Advisory Bank
HDFC Bank
ePBG Percentage
3%
ePBG Duration (Months)
10
Payment Timelines
Payments shall be made to the Seller within 30 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Delivery Locations
1
Delivery Cities
Gurugram
Delivery Pincodes
122007
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Bhawna Upadhyay | 122007,REC LIMITED, I-4, SECTOR-29, SECTOR-29, Gurgaon, Haryana, 122007 | Gurugram | Haryana | 122007 | Project / Lumpsum Based | - | - |
Authority Records
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Documents 6
GeM-Bidding-9884331.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
1
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Required Documents
GST registration certificate
Permanent Account Number (PAN) card
Experience certificates for relevant consultancy work
Financial statements or bank statements demonstrating financial stability
EMD submission proof (DD/Banker’s Cheque/RTGS/online payment receipt)
Technical bid documents or methodology for milestones/deliverables
OEM authorizations (if applicable to specialized consulting sectors)
Any required certifications or compliance documents referenced in ATC
Frequently Asked Questions
Key insights about HARYANA tender market
How to bid for REC Limited consultant tender in Gurgaon Haryana 2026?
Bidders must submit an online bid with proof of EMD ₹10,000 via DD, Banker’s Cheque, or RTGS/online payment to REC LIMITED. Include GST, PAN, experience certificates, and financial documents. Ensure hardcopy EMD reaches within 5 days post bid end, and reference the contract with transaction details.
What documents are required for REC consultant tender submission in Gurgaon?
Required documents include GST certificate, PAN card, relevant experience certificates, financial statements, EMD proof (DD/cheque/RTGS receipt), and technical bid or milestones methodology. OEM authorizations should be provided if applicable to the consulting domain.
What are the EMD payment options for this REC tender in Gurgaon?
EMD can be paid by DD in favour of REC LIMITED, Banker’s Cheque, or online RTGS to account 00030350000574 at HDFC Bank. Upload scanned proof with the bid; ensure hardcopy delivery within 5 days of bid end or opening.
What is the estimated value and scope for the REC consultant contract?
The estimated contract value is ₹590,000 with a scope focused on milestone/deliverable based consultancy in financial services. The buyer reserves the right to adjust scope by up to 25% with consent; no BOQ items are listed, emphasizing service deliverables.
When is the bid submission deadline for the Gurgaon REC tender?
Exact bid submission deadlines are not provided in the data. Bidders should monitor the GeM portal and ATC documents for the precise date, ensuring submission of online bid along with EMD proof and necessary supporting documents.
What are the delivery and performance security requirements for this tender?
Performance security can be provided as DD or via online RTGS; upload proof within 15 days of award. A PBG is allowed under GeM GTC. Hard copies of security instruments must reach the buyer as specified.
How to ensure eligibility criteria for REC Limited consultant bids in 2026?
Ensure demonstrable experience in milestone-based consultancy, financial services domain expertise, and financial stability supported by certificates. Submit required registrations (GST, PAN), past project references, and OEM authorizations if applicable; comply with GeM ATC terms.
What procurement model is used for this REC Haryana consultant tender?
The model is milestone/deliverable based with a hybrid scope. The buyer may adjust scope by 25% and expects timely milestone deliveries. Ensure clear methodology and measurable deliverables to align with hybrid work requirements.