Punjab National Bank Safes V3 ISI Marked to IS 550 Tender Hisar Haryana 2026
Progress
Key Highlights
- • IS I Marked safes compliant with IS 550 (Q2) requirement for Punjab National Bank in Hisar, Haryana
- • EMD of ₹560,000; estimated contract value around ₹28 million
- • Quantity variation up to 25% during order placement and currency of the contract
- • No BOQ items published; indicates framework or post-award supply arrangement
- • Delivery period rules tied to last date of original delivery order with extension formula
- • Mandatory ISI certification and IS 550 compliance for all safes
- • Location-based procurement emphasis: Hisar, Haryana; security equipment for banking sector
Tender Overview
The Punjab National Bank procurement seeks Safes (V3) ISI Marked to IS 550 in HISAR, HARYANA with an estimated value of ₹28,000,000.00 and an EMD of ₹560,000. The tender envisions supplier capability to supply ISI marked safes compliant with IS 550, under a standard banking sector procurement. The contract includes a flexible quantity clause permitting up to 25% quantity variation at bid/contracted rates, and delivery timing anchored to the original delivery period with adjustments during option exercises. The order scope hinges on bank security infrastructure enhancements and standardization across branches. A notable differentiator is the requirement for ISI/IS 550 compliance within a government-backed banking procurement, with importance placed on timely delivery under the option clause. The BOQ lists no items, signaling a potentially framework or post-award supply arrangement rather than a fixed list of models.
Technical Specifications & Requirements
- Product category: Safes (V3) with ISI Marking and IS 550 compliance.
- Location: HISAR, HARYANA (PIN 125001).
- Estimated value: ₹28,000,000; EMD: ₹560,000.
- Standards: ISI Marked safes, IS 550 compliance.
- Delivery terms: delivery period linked to last date of original delivery order; option quantity up to 25% with extended period calculations; minimum extension rule 30 days.
- Experience/qualification clues: banking sector supplier in security equipment with ISI/IS 550 experience preferred.
- Notes: No BOQ items specified; potential framework/indirect procurement implied.
Terms, Conditions & Eligibility
- EMD: ₹560,000 (cash/DD/online per tender guidelines).
- Quantity variation: purchaser may increase/decrease up to 25% of bid/contracted quantity.
- Delivery timeline: commences from last date of original delivery order; additional time formula applies with minimum 30 days.
- Payment terms: terms not detailed in available data; bidders should expect order to align with standard bank procurement practices.
- Documentation: standard banking procurement submitables (GST, PAN, experience certificates, financials, OEM authorizations as applicable).
- BOQ status: no items listed; bidders should prepare for a potential supply framework with security equipment compliance.
- Brand/standard emphasis: strict adherence to ISI/IS 550 requirements; ensure compliance and warranty terms as applicable.
Key Specifications
-
Product: Safes (V3) with ISI Mark and IS 550 compliance
-
Estimated value: ₹28,000,000; EMD: ₹560,000
-
Location: HISAR, HARYANA 125001
-
Delivery framework: potential quantity variation up to 25%; delivery period calculated per original timeline
-
Standards: ISI Marked, IS 550 compliant; ensure manufacturing and testing alignment
Terms & Conditions
-
EMD ₹560,000; submit as per bank terms
-
Quantity may vary up to 25% during contract
-
Delivery period starts after last original delivery order date
-
IS 550 and ISI certification mandatory for all safes
-
No BOQ items published; verify framework procurement details
Important Clauses
Payment Terms
Bank payment terms to be clarified; prepare for standard banking practice aligned with delivery and acceptance milestones.
Delivery Schedule
Delivery timeline tied to last date of original delivery order; option quantity triggers extended time calculation with minimum 30 days.
Penalties/Liquidated Damages
LD provisions to be defined in contract; ensure compliance with ISI/IS 550 delivery and performance milestones.
Bidder Eligibility
-
Proven experience supplying ISI-marked safes to banking/financial institutions
-
Demonstrated capability to meet IS 550 standards
-
Financial capacity to support ₹28,000,000 contract value and EMD ₹560,000
Tender Data
Bid Details
Quantity
28
Bid Type
Two Packet Bid
Bid Validity
60 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Inspection Required
No
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
Yes
MII Purchase Preference
Yes
MII Preference Band
L1+20%
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
Yes
Startup Exemption/Relaxation
Yes
Bid Splitting Applied
No
Requirements
Min. Avg. Annual Turnover
140
OEM Avg. Turnover
1120
Past Performance
80 %
Warranty Period
15 years
Experience Required
3 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Goods
Bid To RA
No
Bid To RA Enabled
No
Item Category
Safes (V3) ISI Marked to IS 550 (Q2)
Advisory Bank
PUNJAB NATIONAL BANK
ePBG Percentage
3%
ePBG Duration (Months)
18
Payment Timelines
Payments shall be made to the Seller within 45 days of issue of consignee receipt-cum-acceptance certificate (CRAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Max Delivery Days
15
Delivery Locations
1
Delivery Cities
Hisar
Delivery Pincodes
125001
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Satish | 125001,PNB, CIRCLE OFFICE, ITI CHOWK, TOSHAM ROAD, HISAR | Hisar | Haryana | 125001 | 28 | 15 | - |
Authority Records
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Documents 4
GeM-Bidding-9864550.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
1
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Required Documents
GST registration certificate
PAN card
Experience certificates of similar safes supply in banking/financial sector
Financial statements for past 2-3 years
EMD payment proof (DD/online transfer receipt)
Technical bid documents confirming ISI/IS 550 compliance
OEM authorization letters (if bidding as authorized distributor)
Any existing safety/quality certifications relevant to safes
Frequently Asked Questions
Key insights about HARYANA tender market
How to bid for safes ISI Marked tender in Hisar Haryana 2026?
Bidders must submit GST, PAN, experience certificates, financials, EMD ₹560,000, and technical compliance confirming ISI/IS 550. Ensure OEM authorizations if applicable and provide evidence of prior banking-sector safes supply. Delivery schedule aligns with original order date; prepare for up to 25% quantity variation.
What documents are required for PNB safes procurement 2026?
Submit GST certificate, PAN, bank experience certificates for ISI/IS 550 safes, financial statements, EMD receipt of ₹560,000, technical compliance certificates, OEM authorization, and any relevant safety/quality certifications. Ensure documentation matches bank tender terms and bidder profile.
What standards must safes meet in this Punjab National Bank tender?
Safes must be ISI Marked and IS 550 compliant for Q2 category, with explicit ISI certification and IS 550 performance criteria. Provide certificates from recognized bodies and maintain conformity throughout delivery and installation as per banking security requirements.
When is the delivery timeline for the Hisar safes procurement?
Delivery period begins after the last date of the original delivery order. If the supplier exercises the 25% quantity option, the extended period is calculated as (additional quantity / original quantity) × original delivery period, with a minimum extension of 30 days.
What is the EMD amount for the safes tender in Haryana 2026?
The EMD required is ₹560,000. Payment should be furnished per bank guidelines, with proof attached to the technical bid to qualify for evaluation along with ISI/IS 550 compliance documents.
What if the BOQ items are not published for the PNB safes tender?
The absence of BOQ items indicates a framework or post-award supply arrangement. Bidders should demonstrate the ability to supply ISI/IS 550 safes in proposed quantities, with robust supply and delivery plans, and comply with 25% variation clauses.
What experience is required for bidding on bank safes procurement 2026?
Bidders should show prior experience supplying ISI-marked safes meeting IS 550 standards to banking/financial institutions, along with financial capability for ~₹28 million orders and evidence of compliance with quality and safety norms.
How will quantity variation affect delivery terms for this tender?
Quantity variation up to 25% is allowed. The delivery period is recalculated using (additional quantity ÷ original quantity) × original delivery period, with a minimum extension of 30 days, ensuring supplier readiness for fluctuating demand.