RBI Jammu tender: EMD set at 2% of annual cost, not 3-month contract

The initial contract period is three months from January 1, 2027, to March 31, 2027, with potential renewals up to March 31, 2029.

Who can bid: Bidders must be 'reputed and well-established' car hiring or taxi operator agencies/companies. They must register on the CPP Portal and possess a Class III signing type digital certificate. Specific financial turnover, years of experience, or other pre-qualification criteria are not stated in the provided text.

Key terms

• Estimated Cost: ₹8 lakhs (including GST) for the initial 3-month period; ₹32 lakhs annually.
• EMD (Earnest Money Deposit): ₹64,000 (2% of estimated annual cost), payable via NEFT.
• Security Deposit: ₹1,60,000 (5% of estimated amount) or Performance Bank Guarantee required from the successful bidder.
• Tender Type: E-Tendering via CPP Portal (Two-part: Techno-commercial and Price Bid).
• Bid Submission Deadline: December 09, 2026, at 01:00 PM.
• Contract Duration: Initially 3 months (Jan 1, 2027 – Mar 31, 2027), renewable for up to 2 years.

Also in the document

• The EMD amount (₹64,000) is calculated as 2% of the annual estimated cost (₹32 lakhs), whereas the initial contract period is only 3 months (₹8 lakhs).
• The Security Deposit (₹1,60,000) is calculated as 5% of the annual estimated cost, not the initial 3-month contract value.