| Tender number | RBI/Central Office/DBS/4/22-23/ET/480 |
| Date of publication of NIT | Sep 29, 2022 – Expression of Interest, Dec 21, 2022 – RFP |
| Nature of work | Engaging consultants for use of Advanced Analytics, Artificial Intelligence and Machine Learning for generating Supervisory Inputs |
| Mode of tender enquiry | 1. Expression of Interest (EOI) was through newspaper advertisement in English, Hindi and Regional daily, web tender notice on Bank’s website on September 29, 2022.
2. Request for Proposal was through MSTC portal. |
| Type of bidding (single/two bid system) | Two Bid (QCBS) |
| Last date of receipt of tender | Jan 30, 2023 up to 14:00 Hrs |
| Number of tenders received | 5 (Five) |
| Nos. and names of parties qualified after technical evaluation | 3 (Three)
1. M/s Accenture Solutions Private Limited India
2. M/s Boston Consulting Group (India) Private Limited.
3. M/s McKinsey and Company India LLP |
| Nos. and names of parties not qualified after technical evaluation | 2 (Two)
1. M/s Ernst and Young LLP
2. M/s Pricewaterhouse Coopers Pvt Ltd. |
| Commercial Bid Ranking, if any | - |
| Final Ranking, if any | 1. M/s McKinsey and Company India LLP–H1
2. M/s Accenture Solutions Private Limited India–H2
3. M/s Boston Consulting Group (India) Private Limited-H3 |
| Whether contract awarded to lowest tenderer/evaluated L1 | Yes, work awarded to H1 and H2 bidder under QCBS |
| Contract number and date | Letter of Intent issued to
1. M/s /s McKinsey and Company India LLP– CO.DOS.ASAG.No.S3285/01-02-001/2023-2024 dated July 28, 2023
2. M/s Accenture Solutions Private Limited India –CO.DOS.ASAG.No.S3286/01-02-001/2023-2024 dated July 28, 2023 |
| Name of contractor | 1. M/s McKinsey and Company India LLP
2. M/s Accenture Solutions Private Limited India |
| Value of contract | 1. M/s McKinsey and Company India LLP for Scope B of the work at the total cost of ₹56,05,00,000/- inclusive of all taxes.
2. M/s Accenture Solutions Private Limited for Scope A of work at a total cost of ₹34,89,60,825/- inclusive of all taxes.
In total, ₹90,94,60,825 (Ninety Crores, Ninety-Four lakh, Sixty thousand, Eight hundred and Twenty-five only) inclusive of taxes. |
| Scheduled date of completion of supplies | Three Years after commencement of the contract. |
| Actual date of start of work | NA |
| Actual date of completion of work | NA |
| Reasons for delay, if any | NA |
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