[IT System Study] open
AI summary
This tender provides details about the project including scope of work, estimated value, deadlines, and eligibility requirements.
Overview
The Institute of Actuaries of India has published an open tender for an IT System Study, aimed at conducting an independent assessment of the current IT systems and providing recommendations for future improvements. This tender is categorized under consultancy services and is open for bids until the specified deadline.
Scope / Work
The primary objective of this tender is to conduct a comprehensive study of the existing IT systems at the Institute of Actuaries of India. Bidders are expected to deliver a detailed report outlining the current state ('As-Is') and proposing a future state ('To-Be') for the IT systems. The tender value is set at ₹15,00,000, and the work location is the IAI office in Navi-Mumbai, Maharashtra.
Fees & EMD
There is no tender fee associated with this tender. However, bidders are required to submit an Earnest Money Deposit (EMD) of ₹50,000, which is fixed and payable to the Institute of Actuaries of India. EMD exemption is allowed under certain conditions. Payment must be made offline, specifically via a demand draft.
Key dates
- Published Date: 30-Apr-2026 09:00 AM
- Bid Submission Start Date: 30-Apr-2026 09:20 AM
- Bid Submission End Date: 29-May-2026 05:00 PM
- Document Download Start Date: 30-Apr-2026 09:05 AM
- Document Download End Date: 29-May-2026 05:00 PM
- Bid Opening Date: 30-May-2026 05:30 PM
Bidders should ensure that all submissions are completed by the end date and that they download all necessary documents within the specified timeframe.
AI insights
Risk factors
- EMD size of ₹50,000
- bid validity of 90 days
- tight submission timeline
- no tender fee
Financials
| Tender value | ₹15,00,000 |
|---|---|
| EMD amount | ₹50,000 — payable to Institute of Actuaries of India at Institute of Actuaries of India |
| Tender fee | ₹0.00 — payable to Nil at Nil |
Payment mode Offline
Timeline
| Publish date | 30-Apr-2026 09:00 AM |
|---|---|
| Bid end | 29-May-2026 05:00 PM |
| Opening date | 30-May-2026 05:30 PM |
Critical dates
From the portal detail page (all dates captured when available).
| Bid Opening Date | 30-May-2026 05:30 PM |
|---|---|
| Bid Submission End Date | 29-May-2026 05:00 PM |
| Bid Submission Start Date | 30-Apr-2026 09:20 AM |
| Document Download / Sale End Date | 29-May-2026 05:00 PM |
| Document Download / Sale Start Date | 30-Apr-2026 09:05 AM |
| Published Date | 30-Apr-2026 09:00 AM |
Tender Documents
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| Name | Size | Type | Action |
|---|---|---|---|
| boq.pdf | 359.35 KB |
Work details
Location, category, and schedule for this procurement.
| Location | IAI office Navi-Mumbai, Maharashtra |
|---|---|
| Category | Consultancy |
| Bid validity | 90 days |
Tender basics
| Tender type | Open Tender |
|---|---|
| Form of contract | Works |
| Tender category | Services |
| No. of covers | 2 |
| Organisation chain | Institute of Actuaries of India |
| Source portal | eprocure.gov.in |
Covers (bid packets)
What to submit in each cover, as listed on the tender portal.
| Cover no. | Cover type | Description | Document type |
|---|---|---|---|
| 1 | Fee/PreQual/Technical | Request for Proposal RFP | |
| 2 | Finance | BOQ | .xls |
Authority details
| Inviting authority | Larry Barretto |
|---|---|
| Address | IAI office Navi-Mumbai, Maharashtra |
| Payment instruments | Offline (Demand Draft) |
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