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Date : Jan 12, 2023
Annual Service Contract for Maintenance and Housekeeping Services at Main Office Premises (Including Annexe Buildings) of Reserve Bank of India, Bengaluru

Minutes of the Pre-Bid Meeting

Reserve Bank of India, Human Resource Management Department, Bengaluru invites Tender through e-Tendering from eligible vendors who are engaged in the work of “Maintenance and Housekeeping Services”. The estimated value of work is approximately ₹1,45,00,000/- (Rupees One Crore and Forty Five Lakh only). For participating in the e-Tendering, interested vendors are required to register themselves on MSTC portal. For Tender details please visit “Tender Section” on our website or MSTC portal.

The application form shall be signed by a person who is duly authorized to do so on behalf of the organisation. Application containing false or inadequate information is liable for rejection.

The successful agency shall execute an Agreement on a stamp paper of required value for due performance of the Contract within 14 days from the date of award of work. If the selected agency fails to sign the formal agreement within 14 days of award of Contract or fails to commence the work on due date, the letter of offer shall be treated as cancelled and the EMD ₹2,90,000/-, (Rupees Two Lakh Ninety Thousand only) submitted by it shall be forfeited. The successful bidder will be required to provide security deposit of 5% of the quoted amount in the form of Performance Bank Guarantee for the duration of the Contract. The Performance Bank Guarantee has to be furnished within 14 days of award of work. Failure to submit this guarantee or failure on the part of agency to perform its contractual obligations shall be treated as a violation and can lead to cancellation of the Contract/invoking the guarantee as applicable.

EMD of the successful bidder shall be returned on submission of Performance Bank Guarantee and after signing the Agreement. EMD of the unsuccessful bidder will be returned within 30 days of the award of the Contract. EMD shall be forfeited if the bidder withdraws his/her bid during the Tender Evaluation Process.

Before submitting the Tender, the bidder may go through the general Terms and Conditions on which the work will be awarded by the Bank. The bidders may satisfy themselves as to the specified eligibility and other criteria given out in the Tender document. It may also be noted that the general Terms and Conditions are only indicative in nature and the same shall not restrain the Bank from imposing or requiring the Tenderer to agree upon such further or other terms and conditions, or to alter, modify or omit those terms and conditions, as are considered necessary for the due and proper execution of the maintenance work being awarded under this Tender.

The Regional Director, Reserve Bank of India, Bengaluru reserves the right to accept or reject any or all tender bids without assigning any reason whatsoever and his/her decision will be binding on all the parties.

Regional Director
Reserve Bank of India, Bengaluru

Tenders Awarded