Tenders

Reserve Bank of India, Nagpur invites E-Tender under two bid system (Technical Bid and Price Bid) for sale of shredded currency note briquettes and unserviceable wooden scrap. The period of contract will be initially for one year, i.e., from April 01, 2026 to March 31, 2027 and extendable for further period of two years, one year each at a time, based on satisfactory performance and mutual agreement. The E-Tender along with the detailed tender notice and general instructions is available at MSTC site https://www.mstcecommerce.com and the website of the RBI at https://www.rbi.org.in under the menu "Tenders". All interested tenderers must register themselves on MSTC Portal to participate in the E-Tendering process.

2. The estimated cost of the work is ₹30 Lakh per annum (approximately), however the actual amount may vary. The schedule for the E-Tendering process is as under:

3. The Bank reserves the right to accept or reject any or all E-Tenders without assigning any reasons thereof.

4. All tenderers are required to ensure eligibility as per conditions prescribed below:

The tenderer must be experienced, resourceful, financially sound and licensed entity (company/partnership/proprietary firm, etc.) having;

4.1 Minimum 5 years of experience of executing similar works** (during last 5 years ending last day of month previous to the one of which applications are invited). Applicant should furnish their Client list showing the details of work carried out by them during the last 5 years. The list shall include details such as Name of the Client, Value of work executed, Date of Start and Finish of the work, Reasons of delay, if any, etc. The Applicant should submit documentary evidence in support of minimum experience of 5 years. This experience should include:

1. Three similar completed works each costing not less than the amount equal to 40% of the estimated cost (i.e. Each individual completed similar work should not be less than ₹12,00,000/-); OR

2. Two similar completed works each costing not less than the amount equal to 50% of the estimated cost (i.e. Each individual completed similar work should not be less than ₹15,00,000/-); OR

3. One similar completed work costing not less than the amount equal to 80% of the estimated cost (i.e., Each individual completed similar work should not be less than ₹24,00,000/-)

**NOTE: Similar works will mean work related to:

i. Lifting of briquettes of shredded currency notes at other offices of RBI, OR

ii. Disposal of paper waste and/ or wooden scrap for other offices of RBI / Central / State Government/ PSUs / Nationalized Banks / Reputed Organizations, OR

iii. For Particle Board Manufacturers, similar works would mean works wherein input cost for wooden raw material amounted to the values as prescribed

The decision of Reserve Bank of India, Nagpur on whether the past work experience of any tenderer qualifies as work of similar nature or not as necessitated under eligibility criteria given in the tender document shall be final and binding on all the tenderers.

4.2 Minimum annual turnover of 100% of estimated contract value i.e. ₹30 Lakh during the last three financial years duly supported by the audited financial statements;

4.3 Positive net worth as per the latest audited balance sheet. The tenderers shall submit solvency certificate (up to estimated amount of work) duly certified by the bank.

4.4 The tenderer shall have Permanent Account Number (PAN) and GSTN number, as applicable to discharge the duties.

4.5 The tenderer shall have an office/ local representative within Nagpur Municipal Corporation limits for execution of the contract.

4.6 The tender shall maintain an account with any of the scheduled commercial banks. The name of the bank and nature of account maintained shall be furnished to the Bank.

4.7 The agency should be capable of lifting the briquettes/ wooden scrap at the Bank's Office with no additional cost and even at short-notice whenever necessary.

4.8 In consideration of the environmental impact of the ingredients embedded in banknote paper substrate such as security threads and fibres, security inks and other chemicals used in banknote printing and with a view to move up the sustainability value chain for disposal of soiled banknotes, the Reserve Bank has been exploring sustainable and eco-friendly solutions for disposal of the banknote shreds/briquettes. One of such sustainable options is re-usage of the soiled banknote shreds for fabricating certain long-lasting materials such as board panels, materials for interior design, particle board furniture and acoustic applications. In this regard, Reserve Bank had commissioned a study 'Evaluation of Suitability of Banknote Briquettes Replacement with Wood Particles to Manufacture Particle Boards', by Institute of Wood Science and Technology (IWST), an autonomous body under the Ministry of Environment, Forest and Climate Change, Government of India. The study established that particle boards created with a certain percentage of currency briquette particles would conform to the technical requirements of particle board. Since the above study established that banknote shreds can be used to supplement the raw material for manufacturing of particle boards and for ensuring eco-friendly application of the Shredded Currency Note briquettes, "Particle Board Manufacturers", shall also be considered as prospective bidders for procuring/lifting of briquettes for the purpose of utilising these briquettes as raw material in manufacturing of particle boards.

NOTE: The tenderer shall submit documentary evidences in support of their claims of possessing the required qualification / eligibility criteria. Regarding Client's certificate, for works carried out for Government/ public sector companies, the certificate should be signed by the concerned Executive Engineer or an officer in an equivalent or higher rank. For works carried out for Private companies, copy of TDS has to be submitted for proving the credentials/contract amount.

5. It may please be noted that any amendments/corrigendum to the E-Tender, if issued in future, will only be notified on the RBI and MSTC Website as given above and will not be published in newspaper.

Regional Director
Reserve Bank of India
Nagpur