Contract Bidding Open For Safes (V2) as per IS 550 in UDUPI, KARNATAKA
Progress
RACanara Bank announces a tender for Safes (V2) as per IS 550 (Q2) in UDUPI, KARNATAKA. Quantity: 15. Submission Deadline: 20-06-2025 17: 00: 00. Last date to apply is approaching fast!
Technical Results
| S.No | Seller | Item | Date | Status |
|---|---|---|---|---|
| 1 | GUARDWEL INDUSTRIES PRIVATE LIMITED Under PMA | Make : Guardwel Model : Guardwel BB /TRTL – 15x6 Safe with Single Door | 20-06-2025 14:12:09 | |
| 2 | ICONIC SECURITIES Under PMA | Make : GODREJ SECURITY SOLUTIONS Model : GODREJ 41-DEFENDER PRIME SAFE CLASS A | 19-06-2025 16:55:46 | |
| 3 | METHODEX SYSTEMS PRIVATE LIMITED Under PMA | Make : METHODEX Model : METHODEX JS 41A CLASS 4SHELF&8 L TRAY & BIO 10P NS | 18-06-2025 15:58:18 | |
| 4 | S M BALIGA AND COMPANY Under PMA | Make : GUNNEBO Model : OPTIMUS 345 SAFE 2KL: CLASS A 3 SHELVES | 20-06-2025 11:44:54 | |
| 5 | SAFE AND SECURITY SYSTEMS Under PMA | Make : Safeage Model : SAFEAGE CLASS A CASH SAFES | 18-06-2025 17:31:23 | |
| 6 | SAHYADRI SAFE COMPANY Under PMA | Make : Sahyadri Safe Model : SSC - DS - A - 850S - 03 | 20-06-2025 14:42:22 |
Reverse Auction Results Final Prices
These are the final prices after the reverse auction event. Prices may be lower than initial bids.
| Rank | Seller | Final Price | Item |
|---|---|---|---|
| L1 | ICONIC SECURITIES(MII) Under PMA Winner | ₹90,18,000 | Item Categories : Safes (V2) as per IS 550 |
| L2 | GUARDWEL INDUSTRIES PRIVATE LIMITED (MII) Under PMA | ₹90,37,500 | Item Categories : Safes (V2) as per IS 550 |
| L3 | METHODEX SYSTEMS PRIVATE LIMITED (MII) Under PMA | ₹92,88,836 | Item Categories : Safes (V2) as per IS 550 |
🎉 L1 Winner
ICONIC SECURITIES(MII) Under PMA
Final Price: ₹90,18,000
Contract / Result Documents 1
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Reverse Auction Schedule
Start
01-Jul-2025, 2:00 pm
End
02-Jul-2025, 2:00 pm
Duration: 24 hours
Reverse Auction Document
✅ RA concluded. Check financial results for final rankings.
Tender Data
Bid Details
Quantity
15
Bid Type
Two Packet Bid
Bid Validity
120 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Inspection Required
No
RA Qualification Rule
H1-Highest Priced Bid Elimination
Tech Clarification Time
2 Days
Requirements
Min. Avg. Annual Turnover
36
OEM Avg. Turnover
288
Past Performance
80 %
Experience Required
3 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Goods
Bid To RA
No
Bid To RA Enabled
Yes
Item Category
Safes (V2) as per IS 550 (Q2)
Authority Records
BID & GeM Expert Consultancy
End-to-end support — bid preparation, GeM registration, document filing & compliance by industry experts.
Free consultation · 24h response
Documents 4
GeM-Bidding-7931360.pdf
Main Document
GeM Category Specification
GEM_CATEGORY_SPECIFICATION
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
3 Updates Update
Update
Extended Deadline
20-Jun-2025, 11:30 am
Opening Date
20-Jun-2025, 12:00 pm
Update
Required Documents
Experience Criteria
Past Performance
Bidder Turnover
Certificate (Requested in ATC)
OEM Authorization Certificate
OEM Annual Turnover
Additional Doc 1 (Requested in ATC)
Additional Doc 2 (Requested in ATC)
Additional Doc 3 (Requested in ATC)
Additional Doc 4 (Requested in ATC)
Compliance of BoQ specification and supporting document *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
Frequently Asked Questions
Key insights about KARNATAKA tender market
What are the eligibility requirements for participating in the tender?
The eligibility requirements include being a registered entity with experience in supplying security equipment. Vendors must show proof of capability and have valid certifications indicating compliance with industry standards.
What certifications are required to qualify for the tender submission?
To qualify for the tender, vendors must provide relevant certifications including proof of registration in the security equipment sector, IS 550 compliance documentation for safes, and a financial stability certificate.
How do I register for the tender bidding process?
The registration process requires vendors to submit an application through the designated procurement portal, ensuring all business credentials are updated and compliant with the requirements set forth in the tender.
What are the accepted document formats for submission?
Documents should be submitted in widely accepted formats such as PDF, DOCX, or XLSX to ensure compatibility with the tender evaluation system. All submissions should adhere to the guidelines specified in the tender documentation.
Can you explain the performance security requirements for this tender?
The performance security requirements typically involve a monetary deposit or bank guarantee to assure compliance with contract terms upon selection. The criteria for this will be specified in the tender documents, as per regulatory guidelines.