State Bank Of India Cash In Transit Service Tender 2026 – AC Driver Crew, SBI Procurement
Bid Publish Date
22-Oct-2026, 7:36 pm
Bid End Date
27-Oct-2026, 8:00 pm
Value
₹48,00,000
Location
Progress
Tender Overview
State Bank Of India invites bids for a Cash In Transit Service contract, categorized under driver-supported security logistics. The procurement carries an estimated value of ₹4,800,000 and involves AC-equipped transport and driver services. The BOQ shows zero items, indicating a service-focused award rather than goods, with no explicit start/end dates published. A key differentiator is the inclusion of an option clause allowing up to 25% variation in contract quantity or duration at issue or post-award. Bidders should align with service delivery norms and robust security protocols to handle cash-in-transit tasks for the SBI network.
Technical Specifications & Requirements
- Service scope: Cash In Transit (CIT) service with an on-board driver
- Vehicle requirements: Air Conditioned transport as part of the CIT crew
- Quantities/BOQ: Total items listed as 0, indicating a pure service contract rather than supply
- Estimated value: ₹4,800,000; no EMD amount disclosed in the tender data
- ATC context: Buyer-added clause allows 25% adjustment in quantity or duration; lumpsum scope may permit up to 25% value increase with consent
- Standards/Compliance: No specific standards or certifications are stated in the provided data
Terms, Conditions & Eligibility
- Variation clause: Up to 25% quantity/duration adjustment at contract issuance; post-issuance restrictions to same limit
- EMD/financial terms: Exact EMD amount not disclosed in the available data
- BOQ status: No items listed; indicates a service-only procurement
- ATC document: An additional terms document uploaded by the buyer
- Vendor eligibility: No explicit experience thresholds disclosed in the provided data; bidders should review the ATC and any annexures for specifics
Key Specifications
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- Service category: Cash In Transit (CIT) with on-board driver
-
- Vehicle attribute: Air Conditioned transport
-
- Estimated contract value: ₹4,800,000
-
- BOQ items: 0 (no goods components listed)
-
- Variation rights: Buyer can adjust quantity/duration up to 25%
Terms & Conditions
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Variation right allows up to 25% change in scope at issue and post-award
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EMD details not disclosed; verify required amount with tender ATC
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No BOQ items; tender is service-oriented (not goods)
Important Clauses
Payment Terms
Not explicitly disclosed; bidders should consult ATC for settlement schedule, any milestones, and payment timeframe
Delivery Schedule
No delivery calendar provided in data; ATC may define deployment timelines and shift patterns
Penalties/Liquidated Damages
Not specified in data; verify in ATC and contract to know LD rates or performance penalties
Bidder Eligibility
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Experience in cash-in-transit or security logistics projects
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Valid GST and PAN; financial stability demonstrated in statements
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Compliance with ATC terms and driver/operational certifications
Tender Data
Bid Details
Quantity
6
Bid Type
Two Packet Bid
Bid Validity
30 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Min. Avg. Annual Turnover
100
Experience Required
3 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Cash In Transit Service - 2000; DRIVER; Not Applicable; Air Conditioned; 3; 4
Payment Timelines
Payments shall be made to the Seller within 45 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Delivery Locations
1
Delivery Cities
Ernakulam
Delivery Pincodes
682031
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Sooraj Sasi | 682031,SBI ADMINISTRATIVE OFFICE,SHANMUGHAM ROAD,ERNAKULAM,KERALA | Ernakulam | Kerala | 682031 | 6 | - | Average working Hours per day : 8 Estimated number of Month during Contract Period : 36 |
Authority Records
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Documents 7
GeM-Bidding-9988657.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
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Required Documents
GST registration certificate
PAN card
Experience certificates in cash-in-transit or security logistics
Financial statements (latest) demonstrating financial capability
EMD/security deposit documents (amount not disclosed in tender data; bidders should verify)
Technical bid documents and compliance statements
OEM authorizations or driver/operator certifications if required by ATC
Frequently Asked Questions
How to bid for the SBI cash in transit tender 2026 in India?
Bidders should first obtain the ATC document from SBI and ensure compliance with the 25% variation clause. Prepare GST, PAN, experience certificates, and financial statements. Submit technical and financial bids as per the tender's ATC; ensure AC-enabled CIT vehicles meet driver requirements.
What documents are required for the SBI security services tender 2026?
Required documents include GST registration, PAN, experience certificates in CIT or security logistics, latest financial statements, EMD or security deposit documents, technical compliance certificates, and any OEM authorizations or driver certifications specified in the ATC.
What is the estimated value and BOQ status for SBI CIT tender 2026?
Estimated contract value is ₹4,800,000 with zero BOQ items listed, indicating a pure service contract for cash-in-transit rather than equipment supply; verify EMD amount and scope in the ATC.
What are the variation terms for the SBI cash in transit contract?
The buyer can increase or decrease contract quantity or duration by up to 25% at the time of issue; post-award adjustments can also be up to 25% with bidder consent for scope expansion.
What delivery or deployment timing is required for SBI CIT services?
Delivery schedule is not specified in the data; the ATC is expected to outline deployment timelines, driver rosters, and shift patterns upon contract award.
Are there specific vehicle standards for SBI cash transport bids 2026?
Tenders specify air-conditioned transport; no further standards (e.g., ISI/ISO) are listed in the provided data; bidders should confirm vehicle specifications in ATC.
How will payments be processed for SBI CIT services 2026?
Payment terms are not detailed in the data; bidders must verify the payment schedule, milestones, and any advance or retention terms in the ATC and contract.
What experience is required to qualify for the SBI CIT bid 2026?
Experience in cash-in-transit or security logistics is expected; submit experience certificates and reference details to demonstrate capability to handle SBI-scale CIT operations.