The bidding process and financial structure of the BIS Manakonline Platform tender reveals important details about the scale, risk allocation, and seriousness of this procurement.
BIS has disclosed the estimated bid value as Rs 150 crore. This is for guidance on EMD amount and eligibility criteria — the actual contract value will be determined by competitive bidding. Bidders are free to quote based on their own assessment.
The Earnest Money Deposit (EMD) is Rs 3 crore — 2% of the estimated bid value. This is a substantial amount that signals BIS is serious about serious bidders only. EMD can be submitted via DD, FDR, Banker's Cheque, or online transfer to BIS's Canara Bank account.
The Performance Bank Guarantee is 5% of contract value, to be maintained for 94 months — the full contract period of 7 years 4 months plus 6 months extra. This means the winning SI must maintain a Rs 7.5+ crore bank guarantee for the entire contract duration. This protects BIS against non-performance over the long contract period.
Payment is milestone-based, with percentages tied to each of the 6 batch completions:
The bid is hosted on the Government e-Marketplace (GeM) at GEM/2026/B/7106494. GeM is India's primary government procurement portal. The tender uses Two-Packet bidding (technical + financial submitted separately) with QCBS evaluation.
BIS can increase or decrease the contract quantity or duration by up to 25% at contract issuance. Once issued, the contract can only be increased by 25%. This gives BIS flexibility to scale the project scope based on evolving requirements.
The SI cannot assign or subcontract the contract without BIS's prior written consent. Even with consent, the SI remains jointly and severally liable. This ensures accountability remains with the prime SI throughout the contract.