Competitive Bid Process - RFP and SLA

master code for government procurement; mandatory for PSBs.

manuals dated 2007, 2009, 2018; circulars on e-procurement, single-tender, reverse-auction, integrity-pact and consulting contracts.

DoE OM dated 02 April 2019: direct purchase ≤ ₹50,000, ≥ ₹10,000 use GeM where the item is listed, larger buys via GeM bid / reverse-auction.

mandatory e-publication for all Govt tenders ≥ ₹10 lakh.

RBI's prior approval on constitution / management changes; combined with Sec. 35A and Sec. 35 this underpins RBI's right to direct, inspect and audit outsourcing arrangements.

When used: The bank does not yet know exactly what it wants or what is available in the market; What the bank says: "Tell me what's out there; describe your capability"; What the vendor returns: Capability brochures, reference customers, indicative price bands — non-binding

When used: Buyer knows the precise product / service & spec; wants the price; What the bank says: "Quote your best price for these 200 desktops, this make / model"; What the vendor returns: A firm price quote

When used: The bank knows precisely what it needs, with precise requirements and specifications; What the bank says: "Here is the exact spec; bid your price"; What the vendor returns: Sealed bid, usually price-only