Open tender · India · Hiring of Agency for It Projects Milestone Basis
Hiring of Agency for IT Projects- Milestone basis
Ministry of Finance in India is inviting bids for “Hiring of Agency for IT Projects- Milestone basis”. Bids close on 14 October 2026, 16:00 IST. Reference: GEM/2026/B/8070903. Who can bid: Micro or Small Enterprise can be exempt from the bidder turnover requirement if quality and technical specifications are met; DPIIT-registered Startup can be exempt from the bidder turnover requirement if quality and technical specifications are met. askTender lists every requirement to qualify and checks whether your company meets them.
The tender in brief
Hiring an agency for IT projects on a milestone basis for Indian Overseas Bank, Chennai, for IT service providers.
Indian Overseas Bank, under the Ministry of Finance, is hiring an agency to execute IT projects on a milestone basis. The contract runs for 5 years and covers IT professionals deployed in a hybrid model, with deliverables and timelines set in the scope of work. The contract is a lump-sum, project-based service engagement.
Who can win it
- Micro or Small Enterprise can be exempt from the bidder turnover requirement if quality and technical specifications are met
- DPIIT-registered Startup can be exempt from the bidder turnover requirement if quality and technical specifications are met
- Bidders from countries sharing a land border with India must be registered with the Competent Authority
Key facts
- Contract period
- 5 years
- How bids are judged
- Quality and Cost Based Selection (QCBS) with technical weightage 70% and financial weightage 30%; technical qualifying marks 80 out of 100.
- Published
- 22 Sep 2026
- Reference
- GEM/2026/B/8070903
Before you bid, askTender
Everything else is in your askTender account
The requirements to qualify, the eligibility check and the bid documents for this tender are in your askTender account.
- What it takes to qualify: every requirement, in the tender’s own words
- Whether your company qualifies: your profile checked against each requirement, showing what you have, what’s missing and how to close the gap
- The documents to file: a checklist, with draft declarations ready to sign
- A bid partner for any requirement you can’t meet alone
- The tender documents, ready to open
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Public data: Government e-Marketplace, Government of India. · Sources & licences