Performa for the Bank Guarantee for Earnest Money Deposit (To be stamped in accordance with stamp act)
Ref: Bank Guarantee # Date :__________
Punjab & Sind Bank
Information Technology Department
21, Rajendra Place, Bank House, New Delhi 110008 Dear Sir,
In accordance with your bid reference No.______________________Dated _______________M/s______________________________________ having its registered office at ______________________________________________herein after Called „bidder‟ ) wish to participate in the said bid for End to End EFT Switch Services on Hosted Model and other Managed Services . An irrevocable Financial Bank Guarantee (issued by a nationalized /scheduled commercial Bank) against Earnest Money Deposit amounting to Rs.____________(Rs._____________________________) valid up to ___________ is required to be submitted by the bidder, as a condition for participation in the said bid, which amount is liable to be forfeited on happening of any contingencies mentioned in the bid document. M/s_________________________________ having its registered office at __________________________
has undertaken in pursuance of their offer to Punjab & Sind Bank (hereinafter called as the beneficiary) dated __________ has expressed its intention to participate in the said bid and in terms thereof has approached us and requested us___________________________ (Name of Bank) ________________________ (Address of Bank) to issue an irrevocable financial Bank Guarantee against Earnest Money Deposit (EMD) amounting to Rs ___________(Rupees_______________________) valid up to__________. We, the ___________________________ (Name of Bank)________________________ (Address of Bank) having our Head office at ______________________ therefore Guarantee and undertake to pay immediately on first written demand by Punjab & Sind, the amount Rs.
________________(Rupees__________________________) without any reservation, protest, demur and recourse in case the bidder fails to Comply with any condition of the bid or any violation against the terms of the bid, Without the beneficiary needing to prove or demonstrate reasons for its such demand. Any Such demand made by said beneficiary shall be conclusive and binding on us irrespective of any dispute or difference raised by the bidder. This guarantee shall be irrevocable and shall remain valid up to ____________. If any further extension of this Guarantee is required, the same shall be extended to such required period on receiving instructions in writing, from Punjab &
Sind Bank, on whose behalf guarantee is issued. "Not withstanding anything contained herein above Our liability under this bank guarantee shall not exceed Rs.____________(Rupees__________________________).
This bank guarantee shall be valid up to ___________________. We are liable to pay the guaranteed amount or any part thereof under this bank guarantee only if you serve upon us a written claim or demand, on or before _____________ before 14.30 hours (Indian Standard Time) where after it ceases to be in effect in all respects whether or not the original bank guarantee is returned to us." In witness whereof the Bank, through its authorized officer has set its hand stamped on this _____________ Day of ______________2014 at __________________
Name of signatory Designation Bank Common Seal
Page 42 of 69 ANNEXURE – IV
Compliance to Minimum Eligibility
S No. Eligibility Clause Complied(Yes/No)
EC-1 The bidder and the participating entity should be a PSU/ PSE/
Partnership Firm or a Limited Company, registered and having a legal existence in India.
EC-2 The bidder should own ATM Switch license(s) / should have authorization from the application / IPR owner for offering ATM switching and driving, authorization, transaction processing and all related switching services on end-to-end basis, on hosted platform, as application service provider and currently offering similar services to at least two scheduled commercial Banks.
EC-3 The bidder switch solution must be managing and driving minimum 500 ATMs aggregate across multiple scheduled commercial banks as on date of submission of Bid.
EC-4 In case the solution offered has End of Life / Support already announced or announced by OEM/principal vendor/IPR owner during contract period, the service provider has to ensure that the same will be supported till the validity of the contract / or replace / upgrade the same on its own cost without any disruption in the ongoing business transactions of the Bank.
EC-5 The bidder should have carried out a minimum of one successful migration from one EFT switch solution to the EFT switch solution – including migration of existing switch customizations for minimum one scheduled commercial bank in India.
EC-6 The Bidder should have a minimum turnover of Rs.100 crores (not inclusive of the turnover of associate companies) from its Indian operations only in each of the last three financial years 2010-11, 2011-12 and 2012-13 and should have achieved profit after tax in last three financial years.
EC-7 The Bidder’s hosted ATM Switch should have currently interfaced with VISA, MASTERCARD and National Financial Switch (NFS) interchanges.
EC-8 The bidder should have 24x7 operations team to manage the ATM Switch setup at its Primary and Disaster Recovery data centers.
EC-9 The bidder should not have been black listed by any Financial Institutions/Banks in India as on date submission of bid.
EC-10 The Bidder should have Digital Signature or agree to obtain the same to participate in the Reverse Auction.
Authorized Signatory Designation
Bidder’s name
Page 43 of 69 ANNEXURE- V
Self-Declaration of License (On the bidder’s letterhead)
RFP Reference No :_______________________________________ Date:_______________
The Assistant General Manager-IT Punjab & Sind Bank
Bank House, 21, Rajendra Place, New Delhi - 110008
Dear Sir
Ref: Request for Proposal for End to End ATM Switch Services on Hosted/ASP Model
We, ___________________________________________________, having offices/ development facilities at_______________________________ (address) do here by certify that we are authorized distributors / system integrators of ____________________________________ (name of switch solution), and confirm that we hold a license for the supply and maintenance of the product valid till __________________-
We here by extend our full guarantee and warranty for the Solution, Products and services offered by us against this Bid Invitation. In the event of termination of the production of the solution, we will give advance notification to the Bank of the pending termination in sufficient time to permit the Bank to procure needed requirements.
Yours faithfully
(Signature)
(Name of Authorized Signatory) (Designation)
(Date)
(Seal of the Company)
Page 44 of 69 ANNEXURE – VI
Undertaking against protection for obsolescence
RFP Reference No________________________________________ Date:_______________
The Assistant General Manager-IT Punjab & Sind Bank
Bank House, 21, Rajendra Place, New Delhi - 110008
Dear Sir,
Reg: Request for Proposal for End to End ATM Switch Services on Hosted/ASP Model
Further to our proposal dated____________, in response to subject RFP issued by Punjab and Sind Bank, we here by covenant, warrant and confirm as follows:-
We undertake to protect the Punjab and Sind from any damage, loss of business or additional expense associated with the end of support or obsolescence of any hardware, software or any other component of the outsourced EFT switch we propose to offer the Bank.
We also undertake to provide the requisite services in accordance with the service levels mentioned in the Request for Proposal for the entire duration of the contract irrespective of the obsolescence of any switch component,.
We further undertake that any upgrades, updates and changes to the proposed hardware and software such as migration to any other Switch by us during the duration of the contract shall be at our cost and without any disruption of services to the Bank.
Yours faithfully
Authorized Signatory Designation
Bidder’s name
Page 45 of 69