Tenders

Reserve Bank of India, Kochi invites E-tenders for Annual maintenance contract for day-to-day maintenance of electrical installations and operation of diesel generator (DG) sets and pump sets installed at the properties of Reserve Bank of India located in Kochi. The tendering shall be done through the e-Tendering portal of MSTC Ltd (http://mstcecommerce.com/eprochome/rbi).

Tenders are invited under two-bid system from reputed companies/agencies/firms for the work by deploying experienced, skilled licensed electricians for a period of 12 months starting from April 01, 2026, to March 31, 2027. The contract may be renewed annually for a further period of two years from the ending of the initial contract period, on mutual consent, subject to the contractor’s performance, the Bank’s administrative convenience and requirement.

Part-I of the tender contains the Bank’s standard technical and commercial conditions for the proposed work, which must be agreed to by the tenderers and Part-II of the tender contains the Bank’s schedule of quantities.

Firms fulfilling the eligibility criteria and desirous of being considered for award of the work shall upload all the required documents including duly filled, signed and stamped Tender documents at https://www.mstcecommerce.com/eprocn/ on or before 11:00 hrs of March 06, 2026

2. The important details of e-Tender are as follows:

3. Intending tenderers should meet the following eligibility conditions to qualify for participation in the tender:

A. Bidder must have experience of minimum 5 years in the field of undertaking similar works viz; maintenance of Electrical installations by deploying electricians for any public or private clients. For establishing the same, the bidder should submit copies of work orders & respective completion certificates for such work/s, issued on or before January 31, 2021.

B. Bidder must have successfully executed similar works during last 5 years, ie; works completed after January 31, 2021, individually costing as under:-

i. Three works, each costing not less than the amount equal to 40% of the estimated cost

OR

ii. Two works, each costing not less than the amount equal to 50% of the estimated cost.

OR

iii. One work costing not less than the amount equal to 80% of the estimated cost.

C. Bidder shall have a minimum yearly turnover of 100% of the estimated cost during last 3 financial years, ending March 31, 2025, (2022-23, 2023-24, 2024-25) supported by audited financial statements (Balance sheet, P & L Statements).

D. The bidder shall furnish a latest solvency certificate issued after July 2025 by the respective banker for an amount equal to 100% of the estimated cost.

E. The bidder shall have service setup in Kochi.

The firms which do not comply with the said eligibility criteria and/or do not submit EMD will not be considered for opening of their tender Part-II (Price Bid)

4. The duly filled and signed tender documents and price-bid shall be uploaded on MSTC site before 11:00 hrs. on March 06, 2026. Detailed guidelines on submission of the e-Tender by the firms have been given in the Tender. Any tender received without EMD shall be treated as non-bonafide and shall be rejected from participating in the tender process. Tenderers can either chose to be present at the Bank during the Tender opening event or view it online at their locations.

5. Interested bidders are requested to attend the pre-bid meeting to clarify their doubts, if any, regarding the Tender. Part-I (Technical and Commercial Bid) of the e-Tender will be opened on March 06, 2026 at 12:00 hrs. at Office Building, RBI, Kochi. After scrutiny of part-I of the e-Tender document along with the supporting documents, if any of the firms is not found to possess the required eligibility as specified in the Tender, the Bank reserves the right to reject the tender submitted by such tenderers.

6. Part -II (Price Bid) of only those Tenderers, who possess the requisite eligibility as per the eligibility criteria specified in the Tender, shall be opened on a subsequent day, with due intimation of the same to the qualified Tenderers.

7. Any amendments / corrigendum to the tender, if any, issued in future will only be notified on the RBI website and MSTC website as given above and will not be published in the newspaper.

8. The Bank is not obliged to accept tender of lowest value. The Bank reserves the right to accept a tender in whole or in part thereof and also reserves the right to reject any or all the tenders without assigning any reason thereof.

9. The manpower requirement indicated in Part II is tentative only. The Bank reserves the right to decrease the quantity detailed in the Bill of quantities (Part II) during the contract period without any claim for compensation by the successful bidder, other than for the actual deployment/work executed at the agreed rates.

The General Manager (O-i-C)
Reserve Bank of India
Kochi