RBI restricts 20th-floor renovation tender to empanelled bidders only

Who can bid: This is a limited tender restricted to empanelled bidders. To be considered qualified, a bidder must have already received 60 or more marks out of 80 in a prior technical qualification evaluation (awarded via email on March 04, 2025) and must present a technical proposal for the remaining 20 marks based on parameters specified on page 16 of the tender document.

Key terms

• Tender Type: Limited tender for empanelled bidders
• Contract Duration: 5 months, reckoned from the 7th day of the issue of the work order
• Payment Terms: No payment shall be made for work costing Rs. 200.00 lakh or less until the whole of the work is completed and a certificate of completion is given
• Bid Submission: Price bids must be submitted exclusively through the CPPP portal
• Work Schedule: Contractor must submit work schedule and procurement plan within 7 days of the work order

Also in the document

• The tender is restricted to a specific group of 'empanelled bidders' who have already passed a prior technical qualification stage, rather than being open to the general public.
• Major noise-related work is restricted to after office hours or weekends due to the floor's location above VIP floors.
• Material movement and stacking on the ground floor are restricted to night hours only.
• Specific brands/makes are listed for various items (e.g., Ozone, Ingersoll, ASSA ABLOY for partitions; Adaro, Saint-Gobain, Asahi, Modi for glass), with deviations requiring justification and approval.