Hiring of Agency for IT Projects- Milestone basis | Department of Financial Services

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GeM PortalCentral GovtReverse Auction (RA)Financial Evaluation⚡ Bid to RA

Hiring of Agency for IT Projects- Milestone basis

Bid GEM/2026/B/7931268 → RA GEM/2026/R/731734Department of Financial ServicesLocation: Pan-India (IN)

Estimated value

Not disclosed

EMD

Exempted · ₹ 0

Tracker

ePBG

Not applicable

Submission deadline

11 Sep 2026

Bid Result & Competitor Evaluation

Bid No.: GEM/2026/B/7931268➔RA NO: GEM/2026/R/731734

Technical qualification and financial ranking (L1 / L2 / L3)

Official page on GeM

L1 — lowest quote seller hidden₹ 60.06 CrL1 is the lowest price; final award may shift under MSE / MII purchase preference.

Bidders3

Tech. Qualified3

Disqualified0

Priced (financial)3

Stage: Financial evaluation published (L1 known)

Financial ranking

Rank	Seller	Total Price	MSE / MII
L1	Seller 2	₹ 60.06 Cr	—
L2	Seller 1	₹ 60.13 Cr	—
L3	Seller 3	₹ 69.65 Cr	—

Technical evaluation (Participating Sellers)

S.No	Seller Name	Offered Item (Make & Model)	Participated On	MSE / MII	Technical Status
1	Seller 1	—	1/9/2026	—	QUALIFIED
2	Seller 2	—	2/9/2026	—	QUALIFIED
3	Seller 3	—	1/9/2026	—	QUALIFIED

Bid details

As published on GeM

GeM High ValueGoes to Reverse AuctionTwo Packet Bid

Bid Status:Financial Evaluation

Estimated Bid Value:Not disclosed by buyer (see BOQ / bid document)

EMD (Earnest Money):Not specified in bid document

ePBG (Performance Guarantee):Not specified in bid document

Bid Validity (from end date):Not specified in bid document

Bid Start Date / Time:10-09-2026 4:00 PM

Bid End Date / Time:11-09-2026 5:59 PM

Bid Opening Date / Time:Not specified in bid document

Contract / Delivery Duration:3 Year(s) 1 Day(s)

Min. Average Annual Turnover:22000 Lakh

Years of Past Experience Required:Not specified in bid document

Past Performance Criteria:Not specified in bid document

Evaluation Method:Not specified in bid document

Type of Bid:Not specified in bid document

Buyer & Department

Procurement Authority:Department of Financial Services

Office Name:Ho Mumbai Dit

Location:Pan-India

Ministry / State:Ministry Of Finance

Department:Department Of Financial Services

Organisation:National Bank For Agriculture And Ruraldevelopment

Buyer Email:In official notice PDF

HOD / Grievance Email:In official notice PDF

Item Category:Hiring of Agency for IT Projects- Milestone basis Auto Extension If any seller submits the offer price during last 15

Evaluation & Reverse Auction Rules

Bid to RA Enabled:Not specified in bid document

RA Qualification Rule:Not specified in bid document

RA Auto Extension:15 minutes

Time for Technical Clarifications:Not specified in bid document

Original / Parent Bid:GEM/2026/B/7931268

BOQ Title:Not specified in bid document

Historical Price Intelligence & Competitor Benchmark

PRO INTEL

Analyzed 20 previously awarded contracts in this department & category to guide your bidding quote.

🏛️ Department Match

Avg Winning Quote (L1)

₹ 37.12 Lakhs

Average winning rate across 20 past evaluated bids

Lowest Recorded Win

₹ 75,360

Most aggressive winning quote on record for this authority

Top Incumbent Competitor

Agarwal Agencies

Won 2 contracts with this buyer

Strategic Bidding Guidance: Previous contracts in this division settled between ₹ 75,360 and ₹ 1.75 Cr. Review your bill of materials and aim for competitive margins against incumbent sellers.

Frequent Competitors:

2xAgarwal Agencies2xSAINATH OVERSEAS SYSTEMS PVT LTD1xFIRST & BEST SERVICES INDIA PRIVATE LIMITED1xVISWAMBI SECURITY AGENCY PRIVATE LIMITED1xFIVE FORCE SECURITY SOLUTIONS PRIVATE LIMITED

Recent Awarded Contracts & L1 Quotes

Showing 6 recent contract awards

Tender Ref No	Buyer / Authority	Winning Vendor (L1)	Award Date	Winning L1 Quote	Action
GEM/2026/B/8062252	Department of Financial Services	FIVE FORCE SECURITY SOLUTIONS PRIVATE LIMITED	27 Oct 2026, 05:06 PM IST	₹ 1.32 Cr	View Sheet
GEM/2026/B/8051967	Department of Financial Services	ACER INDIA PRIVATE LIMITED	27 Oct 2026, 04:57 PM IST	₹ 54.99 Lakhs	View Sheet
GEM/2026/B/8124682	Department of Financial Services	JAY CORPORATION	27 Oct 2026, 04:56 PM IST	₹ 15.97 Lakhs	View Sheet
GEM/2026/B/8128575	Department of Financial Services	SAINATH OVERSEAS SYSTEMS PVT LTD	27 Oct 2026, 04:54 PM IST	₹ 2.95 Lakhs	View Sheet
GEM/2026/B/8093769	Department of Financial Services	VISWAMBI SECURITY AGENCY PRIVATE LIMITED	27 Oct 2026, 04:54 PM IST	₹ 1.56 Cr	View Sheet
GEM/2026/R/753458	Department of Financial Services	ZENPAQ COMPUTERS & PERIPHERALS	27 Oct 2026, 04:52 PM IST	₹ 18.59 Lakhs	View Sheet

Hiring of Agency for IT Projects- Milestone basis

Bid Result & Competitor Evaluation

Financial ranking

Technical evaluation (Participating Sellers)

Scope of work & quantity

Historical Price Intelligence & Competitor Benchmark

Recent Awarded Contracts & L1 Quotes

1-Click Compliance Document & Annexure Generator

Detailed Scope of Work & Project Overview

Official GeM tender documents

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