Request for Proposal RFP - tripura state co-operative bank

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RFP for TSCB Core Banking ProjectTender #:State Co-operative Bank Ltd.” as per the bank guarantee template inAnnexure 06 it should be supported with a bid security letter whose templateis provided in Appendix 3 Form A 04.3.1.3.2 Offers made without the Bid Security will be rejected.3.1.3.3 The amount of bid security would be forfeited:3.1.3.3.1 In case the Vendor withdraws the bid prior to validity period of the bid;3.1.3.3.2 In case the Vendor refuses to accept and sign the contract as specified in thisdocument; or3.1.3.3.3 In case the Vendor fails to provide the performance guarantee within 10 daysfrom the date of placing the order by the Bank.3.1.3.4 If the contract is awarded, the Vendor should furnish a PerformanceGuarantee to the extent of 10% of the value of the contract within 10 days ofthe date of receipt of the purchase contract. The performance guarantee canbe renewed once every year on reducing balance basis (equivalent to thevalue delivered and accepted) till the expiry or termination of the contract. Ifthe Performance guarantee is not submitted, the Bank reserve the right tocancel the contract and forfeit the Bid Security. Until the PerformanceGuarantee is given, the validity of Bid Security will continue. ThePerformance Guarantee would be returned to the Vendor after the expiry ortermination of the contract otherwise then by breach thereof.3.1.3.5 The project will be deemed complete only when all the solutions and itemscontracted by the Bank are delivered in good condition, installed,implemented, tested and accepted along with the associated documentationand training provided to RRB employees; as per the requirements of thecontract executed between the Bank and the vendor.3.1.3.6 Responses to this RFP should not be construed as an obligation on the part ofthe Bank to award a purchase contract for any services or combination ofservices. Failure of the Bank to select a Vendor shall not result in any claimwhatsoever against the Bank and the Bank reserve the right to reject any orall bids in part or in full, without assigning any reason whatsoever.3.1.3.7 By submitting a proposal, the Vendor agrees to promptly contract with theBank for any work awarded to the Vendor. Failure on the part of theawarded Vendor to execute a valid contract with the Bank will relieve theBank of any obligation to the Vendor, and a different Vendor may beselected.3.1.3.8 Any additional or different terms and conditions proposed by the Vendorwould stand rejected unless expressly assented to in writing by the Bank.3.1.3.9 The Vendor must strictly adhere to the delivery dates or lead times identifiedin their proposal. Failure to meet these delivery dates, unless it is due toreasons entirely attributable to the Bank, may constitute a material breach ofthe Vendor’s performance. In the event that the Bank are forced to cancelan awarded contract (relative to this RFP) due to the Vendor’s inability tomeet the established delivery dates, that Vendor will be responsible for anyre-procurement costs suffered by the Bank. The liability in such an eventwould be limited to the equal amount actually spent by the Bank forprocuring similar deliverables and services including the tax and anyadditional shipment charges.3.1.3.10 The Vendor represents and acknowledges to the Bank that it possessesnecessary experience, expertise and ability to undertake and fulfil itsStrictly Confidential Main Document Page 36
RFP for TSCB Core Banking ProjectTender #:obligations, under all phases involved in the performance of the provisions ofthis RFP. The Vendor represents that all software and hardware to besupplied in response to this RFP shall meet the proposed Vendor solutionrequirements. The Vendor shall be required to independently arrive at asolution, which is suitable for the Bank, after taking into consideration theeffort estimated for implementation of the same. If any services, functions orresponsibilities not specifically described in this RFP are an inherent,necessary or customary part of the deliverables or services and are requiredfor proper performance or provision of the deliverables or services inaccordance with this RFP, they shall be deemed to be included within thescope of the deliverables or services, as if such services, functions orresponsibilities were specifically required and described in this RFP and shallbe provided by the Vendor at no additional cost to the Bank. The Vendor alsoacknowledges that the Bank rely on this statement of fact, therefore neitheraccepting responsibility for, nor relieving the Vendor of responsibility for theperformance of all provisions and terms and conditions of this RFP, the Bankexpect the Vendor to fulfil all the terms and conditions of this RFP.3.1.3.11 The Vendor represents that the proposed software solution and itsdocumentation and/or use of the same by the Bank shall not violate orinfringe the rights of any third party or the laws, regulations, decision ororder of any governmental or judicial authority. The Vendor furtherrepresents that the documentation to be provided to the Bank shall contain acomplete and accurate description of the software, hardware and othermaterials and services (as applicable), and shall be prepared and maintainedin accordance with the highest industry standards. The Vendor representsand undertakes to obtain and maintain validity throughout the project, of allappropriate registrations permissions and approvals, which are statutorilyrequired to be obtained by the Vendor for performance of the obligations ofthe Vendor. The Vendor further undertakes to inform and assist the Bank forprocuring any registrations, permissions or approvals, which may at any timeduring the Contract Period be statutorily required to be obtained by the Bankfor availing services from the Vendor.3.1.3.12 All terms and conditions, payments schedules, time frame for implementation,expected service levels as per this tender will remain unchanged unlessexplicitly communicated by the Bank in writing to the Vendor. The Bank shallnot be responsible for any judgments made by the Vendor with respect toany aspect of the Assignment. The Vendor shall at no point be entitled toexcuse themselves from any claims by the Bank whatsoever for theirdeviations in conforming to the terms and conditions, payments schedules,expected service levels, time frame for implementation etc. as mentioned inthis RFP.3.1.3.13 The Bank and the Vendor covenants and represents to the other Party thefollowing:It is duly incorporated, validly existing and in good standing under as per thelaws of the state in which such Party is incorporated.It has the corporate power and authority to enter into Agreements andperform its obligations there under. The execution, delivery and performanceof terms and conditions under Agreements by such Party and theperformance of its obligations there under are duly authorized and approvedby all necessary action and no other action on the part of such Party isnecessary to authorize the execution, delivery and performance under anAgreement.Strictly Confidential Main Document Page 37
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Request for Proposal RFP - tripura state co-operative bank

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