Punjab National Bank Safes (V3) ISI Marked to IS 550 Tender 2026 India
Bid Publish Date
10-Sep-2026, 1:48 pm
Bid End Date
25-Sep-2026, 2:00 pm
EMD
₹70,000
Location
Progress
Key Highlights
- • IS 550 compliance required for Safes (V3) ISI Marked
- • EMD of ₹70,000 specified for bid security
- • Option clause enables ±25% quantity variation during contract
- • Delivery timing linked to original order with extension rules
- • ATC document uploaded; bidders must view and comply
- • No BOQ items listed; indicates framework/indeterminate quantity contract
- • National banking sector procurement via Punjab National Bank
- • ISISI marking and safety standards are non-negotiable
Tender Overview
Punjab National Bank seeks procurement of Safes (V3) ISI Marked to IS 550 (Q2) for a national banking sector rollout in India. Estimated value not disclosed; EMD ₹70,000 required. The tender includes an option clause allowing up to 25% quantity variation at contracted rates, and a delivery time framework linked to the original order date with possible extensions. This procurement emphasizes ISI marking and IS 550 compliance for security equipment used in banking operations. The absence of BOQ items suggests a framework or generic supply contract rather than a fixed quantity schedule. A critical differentiator is the insistence on ISI-certified safes under the Q2 category, targeting reliable, standards-aligned security hardware for mainstream banking use.
Technical Specifications & Requirements
- Product/category: Safes (V3) ISI Marked to IS 550 (Q2)
- Standards: ISI Marked, IS 550 compliance
- EMD: ₹70,000 (as security deposit)
- Quantity flexibility: up to 25% variation during contract execution
- Delivery terms: delivery period starts from the last date of original delivery order; extended delivery time formula: (Increased quantity ÷ Original quantity) × Original delivery period, minimum 30 days
- ATC/terms: Buyer-added terms require bidders to view the uploaded ATC document for additional conditions
- Location/scope: National banking procurement under Punjab National Bank’s Banking Sector category
- BOQ: No items listed in the BOQ; implies framework/consortium-style procurement rather than fixed item list
Terms, Conditions & Eligibility
- EMD: ₹70,000 to be paid as per bidder’s preferred method
- Option clause: Quantity can be increased/decreased by up to 25% at contracted rates
- Delivery: Period aligned to original delivery order; extended period governed by option clause with minimum 30 days
- Compliance: Vendors must comply with the ATC document uploaded by the buyer
- Other terms: All bidders must adhere to standard procurement terms applicable to PNB banking sector tenders; not specifying BOQ does not waive compliance with IS 550 and ISI marking
- Submission readiness: Ensure capability to supply ISI Marked safes and conform to IS 550 requirements
Key Specifications
-
Product: Safes (V3) ISI Marked to IS 550 (Q2)
-
EMD: ₹70,000
-
Standards: ISI Marked, IS 550 compliant
-
Quantity flexibility: ±25% during contract
-
Delivery: From last date of original delivery order; minimum 30 days for extended period
-
ATC: Bidder must view/uploaded ATC document
Terms & Conditions
-
EMD amount ₹70,000 and ISI/IS 550 compliance required
-
25% quantity variation allowed; delivery timeline follows original order date
-
ATC document governs additional terms; no fixed BOQ items listed
Important Clauses
Payment Terms
EMD ₹70,000; terms to be as per standard procurement; ATC may specify payment milestones
Delivery Schedule
Delivery period starts from last date of original delivery order; extended period calculated formula with minimum 30 days
Penalties/Liquidated Damages
Not specified in provided data; ATC may include LD terms in uploaded document
Bidder Eligibility
-
Eligibility to supply ISI Marked safes with IS 550 compliance
-
Financial capability to meet EMI/EMD and post-award payment terms
-
Experience in supplying security safes to banking/financial institutions
Tender Data
Bid Details
Quantity
3
Bid Type
Two Packet Bid
Bid Validity
90 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Inspection Required
No
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
Yes
MII Purchase Preference
Yes
MII Preference Band
L1+20%
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
17
OEM Avg. Turnover
140
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
No
Item Category
Safes (V3) ISI Marked to IS 550 (Q2)
Advisory Bank
PUNJAB NATIONAL BANK
ePBG Percentage
3%
ePBG Duration (Months)
12
Payment Timelines
Payments shall be made to the Seller within 45 days of issue of consignee receipt-cum-acceptance certificate (CRAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Max Delivery Days
45
Delivery Locations
1
Delivery Cities
Kanpur Nagar
Delivery Pincodes
208001
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Ajay Parkash | 208001,59/29 birhana road, Near dawa market kanpur, 208001 | Kanpur Nagar | Uttar Pradesh | 208001 | 3 | 45 | - |
Authority Records
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Documents 4
GeM-Bidding-9875412.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
1
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Required Documents
GST certificate
PAN card
Experience certificates for similar safes supply
Financial statements (last 2-3 years)
EMD submission proof ( ₹70,000 )
Technical bid documents confirming ISI Mark and IS 550 compliance
OEM authorisation (if bidding as dealer)
Any required warranties/AMC terms (if specified in ATC)
Frequently Asked Questions
How to bid for Punjab National Bank safes ISI marked tender in India 2026
Bidders must submit GST, PAN, experience certificates, financial statements, and ₹70,000 EMD. Ensure ISI Mark and IS 550 compliance, view the uploaded ATC, and prepare delivery capacity for ±25% quantity variation. Follow standard banking procurement terms and submit OEM authorisation if bidding as dealer.
What documents are required for safes ISI tender in India
Submit GST certificate, PAN card, experience certificates for similar safes supply, financial statements, EMD proof of ₹70,000, technical compliance certificates for ISI marking, OEM authorisation, and any warranty/AMC terms as per ATC. Ensure IS 550 compliance documentation is included.
What are the technical specifications for ISI marked safes Q2
Safes must be ISI marked and IS 550 compliant for Q2 category. While BOQ items are not listed, bidders should provide safes conforming to the ISI standard, ensure capacity and build quality match banking sector expectations, and include test certificates with submission.
When is the delivery deadline for Punjab National Bank safes tender
Delivery timing starts from the last date of the original delivery order. If an option clause is exercised, extended delivery is calculated as (Increased quantity ÷ Original quantity) × Original delivery period, with a minimum of 30 days.
What is the EMD amount for the safes procurement bid
The EMD for this tender is ₹70,000. Submit via online or demand draft as per tender terms, and ensure the EMD remains valid through the bid evaluation period.
What are the eligibility criteria for ISI safes supply to banking sector
Applicants must demonstrate prior experience supplying ISI-marked safes, possess IS 550 compliance, provide OEM authorisation if applicable, have valid GST and financial statements, and meet the 25% quantity variation capability plus delivery schedule requirements.
What is the role of the ATC document in this tender
The ATC document contains buyer-specific terms. Bidders must view and comply with its conditions, which may modify submission formats, warranty, payment, and delivery terms beyond standard procurement guidelines.