E-Tender Notice – RBI/Central Office/HRMD/10/19-20/ET/42 TENDER DOCUMENTS – Evaluation Criteria is modified as under | Original | Modified | (vii) The technically qualified bidder with the lowest financial bid after scrutiny and normalisation would be declared as FLOW.
(viii) The techno financial score shall be calculated as follows:
Total Score = (T/THIGH)*0.6+(FLOW /F)* 0.4
Here T and F are the Technical and Financial scores of the respective bidders. THIGH is technical score of such qualified bidder who has attained highest score in technical evaluation. | (vii) The technical scores will be given as per the criteria for Technical Bid evaluation as at Annex-1 and the Financial scores will be given as per the criteria for Financial Bid evaluation as at Annex-2.
(viii) The techno financial score shall be calculated as follows:
Total Score = (T)*0.6+(F)* 0.4
Where T and F are the Technical and Financial scores of the respective bidders. |
IV. Evaluation Criteria (i) Technical Bids of applicants will be evaluated based on the eligibility criteria as mentioned earlier, after scrutinizing all the relevant documents as sought from the bidders and as per Methodology given below. (ii) Bidders must note that a two-stage procedure will be adopted in evaluating the bids with the technical evaluation being completed prior to opening of financial bids. (iii) Quality, competence and reliability of the firm is of paramount importance in this tender. The decision of appointment would be made as under: (iv) Only Technical proposals scoring not less than 60% of the total marks will be considered for further evaluation. (v) The Bank shall notify those bidders whose proposals do not meet the minimum qualifying marks or were considered non-responsive to the tender conditions. The Bank shall simultaneously notify the bidders who have secured the minimum qualifying marks, indicating the date and time set for opening of the financial bids. The notification will be sent by electronic mail. (vi) The financial bids shall be opened publicly in the presence of the bidders representatives who choose to attend (only one representative per bidder). The name of the Bidder, the quality score and the offered prices shall be read aloud and recorded when the financial bids are opened. (vii) The technical scores will be given as per the criteria for Technical Bid evaluation as at Annex-1 and the Financial scores will be given as per the criteria for Financial Bid evaluation as at Annex-2 (viii) The techno financial score shall be calculated as follows: Total Score = (T)* 0.6 + (F)*0.4 Where T and F are the Technical and Financial scores of the respective bidders. (ix) The final evaluation will be done by combining the marks secured in the technical and financial evaluation in the ratio of 60:40 with the bidder obtaining the highest total marks becoming eligible for appointment. (x) In case of tie, it may be resolved by giving additional weightage to the firm that has higher number of years of experience, or more number of FCA partners of longer association of partners with the firms, or more number of key professional staff/skilled staff or more number of years of experience in the bank and /or RBI audits, with these parameters been sequentially considered in order of which they have been listed out under the technical evaluation criteria. |