Corrigendum

Sealed Tenders in two parts viz. Part-I (Technical Bid) and Part-II (Commercial Bid) are invited up to 15.00 hours on June 02, 2017 (last date of submission) to be submitted in two separate sealed covers at the above address for supply, installation, commissioning, maintenance and operations of the under mentioned machine on lease basis at Regional Offices of the Reserve Bank of India (Bank) and / or other locations as decided by the Bank from reputed firms / companies which have supplied / installed at least five (5) Currency Verification and Processing System (CVPS) to commercial banks / Central Banks in any part of the world. The firm/company should have been in existence for at least for one (1) year as on the date of submission of tender. The CVPS should have the functionality of automatic packeting and bundling of currency notes. In case a CVPS does have an attached shredder, a separate rates should be quoted (hereinafter referred to as the Eligibility Criteria). The technical specifications provided by the vendor will be verified by the bank.

Earnest Money: The tender must be accompanied by Earnest Money in the form of irrevocable Bank Guarantee issued by a Scheduled Bank in India for Rs. 80.00 lakh (Rupees Eighty lakh Only).

Part-I (Technical Bid) will be opened at 03.00 pm on Thursday, June 08, 2017, at the Conference Room, Department of Currency Management, 4th Floor, Amar Building, Sir P.M. Road, Fort, Mumbai 400001.

Part-II (Commercial Bid) will be opened on a subsequent date after completion of technical evaluation. Eligible tenderers in writing who have successfully qualified in Eligibility Criteria and those who’s Machines meet the Technical Features as elaborated in Annexure “A” will be evaluated further on Technical Specifications. The Commercial Bid should mention only the indicative rate for processing per output bundle (consisting of 10 packets of 100 notes), inclusive of all operating costs for six months, extendable by three blocks of 2 months each, as the lease agreement will be valid only for one year. However, both the Part-I (Technical Bid) and Part II (Commercial Indicative Price Bid) have to be submitted together.

Tender forms can be collected from the office of the undersigned at the above address from 11.00 am to 04.00 pm (Monday to Friday) from May 12, 2017 to 04.00 pm on June 02, 2017 against payment of tender cost of Rs.50,000/- (non-refundable) by Pay Orders/ Demand Draft favouring Reserve Bank of India, payable at Mumbai. Vendors downloading the forms from the Bank’s website www.rbi.org.in under ‘Tenders’ should submit tender cost at the time of submission of bid by Pay Orders/ Demand Draft favouring Chief General Manager, Department of Currency Management, Reserve Bank of India, payable at Mumbai. The Tender documents will not be sent by post.

In case the last date of issuance and/ or the date of receipt and opening of tender are declared as holiday, the respective date shall be treated as postponed to the next working day correspondingly.

The decision to accept any tender or otherwise will rest with the Bank. The Bank reserves the right to reject any or all the tenders without assigning any reason whatsoever. The Bank reserves the right to cancel the Tendering Process at any stage without assigning any reason whatsoever. Incomplete applications are liable for rejection.

Chief General Manager
Department of Currency Management