FOR ENGAGEMENT OF CONSULTANT FOR …...brand name and engaged in similar activity of accounting...
Transcript of FOR ENGAGEMENT OF CONSULTANT FOR …...brand name and engaged in similar activity of accounting...
Request for Proposal
FOR ENGAGEMENT OF CONSULTANT FOR IMPLEMENTATION OF
GOODS & SERVICE TAX (GST)
Bank of Baroda
Date: APRIL 13, 2017
RFP REFERENCE NO. BOB/BCC/RFP/GST/01/2017-18
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REQUEST FOR PROPOSAL (RFP) FOR
ENGAGEMENT OF CONSULTANT FOR IMPLEMENTATION OF GST
Key Information on the RFP Response Submission
S.
No.
Particulars Timeline
1 RFP Issuance Date April 13, 2017
2 RFP Co-ordinator Mr. Pankaj Khatri
Telephone +91 66985295
Email id [email protected]
Address for Proposal Submission 2nd Floor, Corporate A/c’s & Taxation Dept.,
Baroda Corporate Centre
C-26, ‘G’ Block
Bandra Kurla Complex, Bandra East
Mumbai 400051
3 Last date and time for receipt of
w r i t t en queries for clarification
from bidders.
Date: APRIL 20, 2017
4 Date for issuing clarifications to
queries by the Bank
Date: APRIL 26, 2017
5 Last Date of Submission of RFP
Response (Closing Date)
Date: MAY 4, 2017 Time: 3.00PM
Address:
2nd Floor, Corporate A/cs & Taxation Dept.,
Baroda Corporate Centre
C-26, ‘G’ Block
Bandra Kurla Complex, Bandra East
Mumbai 400051
6 Eligibility Cum Technical Proposal
Opening Date
Date: MAY 4, 2017 Time: 3.30PM
Address:
2nd Floor, Corporate A/cs & Taxation Dept.,
Baroda Corporate Centre
C-26, ‘G’ Block
Bandra Kurla Complex, Bandra East
Mumbai 400051
7 Date for presentation of the
proposal
Eligible short-listed bidders will be invited for a
presentation on the Technical Proposal at the
discretion of the management. Date for the
presentation will be communicated to the short-listed
bidders; the Bank’s decision is final in this regard.
The bidder is required to come along with the team
members who will be actively engaged with the Bank
for consulting purpose.
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S.
No.
Particulars Timeline
8 Financial Proposal Opening The Financial Proposals of only those who qualify in
Technical Proposal will be opened. The date for
opening of the Financial Proposal would be
communicated separately only to those bidders who
are eligible and technically qualified.
9 Application Money INR 5,000/- (Rupees five Thousand only)
10 Earnest Money Deposit
(EMD)
Rs. 1,00,000/- (Rupees One Lakh only) in the form
of Demand Draft / Bank Guarantee in favour of
‘Bank of Baroda’ payable at Mumbai. EMD should
be enclosed with Technical Proposal
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Definition of Terms used in the RFP:
Following terms are used in the document interchangeably to mean:
a) “Affiliates / Group Companies” means firms / LLP working under the common
brand name and engaged in similar activity of accounting advisory / financial
services, registered in India.
b) “Bank” means Bank of Baroda, constituted under “Banking Companies
Acquisitions & Transfer of Property Act. 1970”, which has invited the bids
for consultancy services, and with which the selected bidder signs the
contract for the services to be rendered and to whom the selected bidder
shall provide services as per the terms and conditions and terms of
reference of the contract.
c) “Bidder / Applicant / Consultant” means the entity or firm who is
submitting its proposal for providing services to Bank.
d) “Day” means calendar day
e) “Partner” means a professional sharing profit in a chartered accountancy firm
/ LLP as defined under Partnership Act and/or Limited Liability Partnership
Act.
f) “Personnel / Professional” staff means full time staff with minimum
qualification o f CA/ICWA/MBA(Finance)/L.L.B and on the payroll of the
bidder.
g) “Parties”- Party or Parties means Bank or Bidder /Selected Bidder
/Consultant or both as the case may be.
h) “Proposal” means the Technical Proposal and the Financial Proposal.
i) “RFP” means this “Request For Proposal” prepared by t h e Bank for the
selection of consultants.
j) “Terms of Reference (TOR)” means the document included in the
RFP which explains the scope of work, activities, tasks to be performed, etc.
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Confidentiality
This document is meant for the specific use by the Company/ person/s interested to
participate in the RFP process. This document in its entirety is subject to Copyright
Laws. Bank of Baroda expects the Respondent or any person acting on behalf of the
Respondent to strictly adhere to the instructions given in the document and maintain
confidentiality of information. The consultants will be held responsible for any misuse
of information contained in the document, and are liable to be prosecuted by the
Bank in the event that such a circumstance is brought to the notice of the Bank. By
downloading the document, the interested party is subject to the confidentiality
clauses.
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Contents
1 Introduction ...................................................................................................................................... 9
1.1 Introduction and Disclaimer ..................................................................................................... 9
1.2 Information Provided ................................................................................................................ 9
1.3 Disclaimer ................................................................................................................................ 9
1.4 Costs Borne by Respondents ................................................................................................ 10
1.5 Recipient Obligation to Inform Itself ....................................................................................... 10
1.6 Evaluation of Offers ............................................................................................................... 10
1.7 Errors and Omissions ............................................................................................................ 10
1.8 Acceptance of Terms ............................................................................................................. 10
2 Terms of the RFP Response ......................................................................................................... 11
2.1 RFP Response Submission ................................................................................................... 11
2.1.1 Application Money .................................................................................................. 11
2.2 Registration of RFP Response .............................................................................................. 11
2.3 RFP Validity period ................................................................................................................ 11
2.4 Appointment period ................................................................................................................ 11
2.5 Communication on the RFP .................................................................................................. 11
2.6 Notification ............................................................................................................................. 12
2.7 Disqualification ....................................................................................................................... 12
2.8 Language ............................................................................................................................... 12
2.9 Formats of Proposals ............................................................................................................. 12
2.10 Timeframe .............................................................................................................................. 12
2.11 RFP Response Submission Details ....................................................................................... 13
2.11.1 Format for Technical Proposal ............................................................................... 14
2.11.2 Format for Financial Proposal...............................................................................15
2.12 Earnest Money Deposit ......................................................................................................... 16
3 Terms of Reference ....................................................................................................................... 17
3.1 Introduction and Project Overview ......................................................................................... 17
3.2 Purpose............... .................................................................................................................. 17
3.3 Project Scope ........................................................................................................................ 17
3.3.1 Phase I – Diagnostic study and Impact Analysis....................................................18
3.3.2 Phase II – Processes & System changes in compliance with final GST laws,
provisions, rules, guidelines issued by the Government of India..............................19
3.3.3 Phase III - Generation of GST reports / Returns / Invoices (with the implementation of
GST) ...................................................................................................................20
3.3.4 Phase IV – Assessment of Completed Implementation............................................21
3.3.5 Post Implementation of GST.................................................................................21
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4 Evaluation process ........................................................................................................................ 22
4.1 Opening of Technical Proposal ............................................................................................. 22
4.2 Preliminary Scrutiny ............................................................................................................... 22
4.3 Technical Proposal evaluation criteria ................................................................................... 22
4.3.1 Techno-commercial evaluation criteria .................................................................. 25
4.4 Eligibility cum Technical Proposal ......................................................................................... 26
5 Terms and conditions .................................................................................................................... 27
5.1 General................ .................................................................................................................. 27
5.1.1 General Terms ....................................................................................................... 27
5.1.2 Rules for Responding to this RFP .......................................................................... 27
5.1.3 Price Bids ............................................................................................................... 28
5.2 Others ...............................................................................................................................28
5.3 Other RFP Requirements ...................................................................................................... 30
5.4 Contract Commitment ............................................................................................................ 32
5.5 Payment Terms ..................................................................................................................... 32
5.6 Sub-contracting ...................................................................................................................... 32
6 General Terms and Conditions .................................................................................................... 33
6.1 Dispute Resolution ................................................................................................................. 33
6.2 Governing Laws ..................................................................................................................... 33
6.3 Notices and other Communication ........................................................................................ 34
6.4 Force Majeure ........................................................................................................................ 34
6.5 Assignment ............................................................................................................................ 35
6.6 Waiver ...............................................................................................................................35
6.7 Termination ............................................................................................................................ 35
6.8 Publicity ...............................................................................................................................36
6.9 Solicitation of Employees....................................................................................................... 36
6.10 Inspection of Records ............................................................................................................ 37
6.11 Compliance with Laws ........................................................................................................... 37
6.12 Order Cancellation ................................................................................................................. 38
6.13 Indemnity ............................................................................................................................... 38
6.14 Corrupt and Fraudulent Practices .......................................................................................... 39
6.15 Violation of Terms .................................................................................................................. 40
6.16 Authorized Signatory ............................................................................................................. 40
6.17 Non-Disclosure Agreement.................................................................................................... 40
6.18 Right to Reject Proposals ...................................................................................................... 40
6.19 Limitation of Liability .............................................................................................................. 41
6.20 Penalties & Liquidation Damages...................................................................................42
7 Disclaimer………………………………………………………………………………………………,43
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Annexure A – Eligibility Criteria ....................................................................................................... 44
Annexure B – Technical Proposal...................................................................................................45
Annexure B1 – Particulars to be furnished for appointment of consultant................................46
Annexure B2 – Particulars in respect of engagement in GST Consultancy/ Audit.....................47
Annexure B3 – Financial Peformance of the Bidder......................................................................48
Annexure B4– Details of Bidders / affiliates / group companies..................................................49
Annexure B5– Details of Partners of the Bidder including its Affiiates.......................................50
Annexure B6 – Details of Full time professional staff of Bidder including its Affiliates.............51
Annexure C – Financial Proposals.................................................................................................. 52
Annexure C1 – Financial Proposals............................................................................................... .53
Annexure D – Payment Terms..........................................................................................................54
Annexure E - Performa for Bank Guarantee of EMD.....................................................................55
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1 Introduction
1.1 Introduction and Disclaimer
This Request for Proposal (RFP) document has been prepared solely for the
purpose of enabling Bank of Baroda (“the Bank”) to engage a competent company /
firm/LLP for “Implementation of Goods & Service Tax (GST) in the Bank.”
The RFP document is not recommendation, offer or invitation to enter into a contract,
agreement or any other arrangement, in respect of the services. The provision of the
services is subject to observance of selection process and appropriate
documentation being agreed between the Bank and any successful Consultant as
identified by the Bank, after completion of the selection process as detailed in this
RFP document.
The RFP document is intended solely for the information of the party to whom it is
issued (“the Recipient” or “the Respondent”) and no other person or organization.
Bank of Baroda hereby invites responses from competent organizations for
assisting the Bank in Implementation of GST in the Bank.
1.2 Information Provided
The RFP document contains statements derived from information that is believed to
be true and reliable at the date obtained but does not purport to provide all of the
information that may be necessary or desirable to enable an intending contracting
party to determine whether or not to enter into a contract or arrangement with the
Bank in relation to the provision of services. Neither the Bank nor any of its directors,
officers, employees, agents, representative, contractors, or advisors gives any
representation or warranty (whether oral or written), expressed or implied as to the
accuracy, updating or completeness of any writings, information or statement given
or made in this RFP document.
1.3 Disclaimer
Subject to any law to the contrary, and to the maximum extent permitted by law, the
Bank and its directors, officers, employees, contractors, representatives, agents, and
advisors disclaim all liability from any loss, claim, expense (including, without
limitation, any legal fees, costs, charges, demands, actions, liabilities,
reimbursements, any other expenses or disbursements incurred therein or incidental
thereto) or damage, (whether foreseeable or not) (“Losses”) suffered by any person
acting on or refraining from acting because of any presumptions or information
(whether oral or written and whether express or implied), including forecasts,
statements, estimates, or projections contained in this RFP document or conduct
ancillary to it whether or not the losses arises in connection with any ignorance,
negligence, inattention, casualness, disregard, omission, default, lack of care,
immature information, falsification or misrepresentation on the part of the Bank or
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any of its directors, officers, employees, contractors, representatives, agents, or
advisors.
1.4 Costs Borne by Respondents
All costs and expenses (whether in terms of time or money) incurred by the
Recipient/ Respondent in any way associated with the development, preparation and
submission of responses, including but not limited to attendance at meetings,
discussions, demonstrations, etc. and providing any additional information required
by the Bank, will be borne entirely and exclusively by the Recipient/ Respondent.
1.5 Recipient’s Obligation to Inform Itself
The Recipient must apply its own care and conduct its own investigation and
analysis regarding any information contained in the RFP document and the meaning
and impact of that information.
1.6 Evaluation of Offers
Each Recipient acknowledges and accepts that the Bank may, in its sole and
absolute discretion, apply whatever criteria it deems appropriate in the selection of
Consultant, not limited to those selection criteria set out in this RFP document.
The issuance of RFP document is merely an invitation to offer responses to this RFP
and must not be construed as any agreement or contract or arrangement nor would
it be construed as any investigation or review carried out by a Recipient. The
Recipient unconditionally acknowledges by submitting its response to this RFP
document that it has not relied on any idea, information, statement, representation,
or warranty given in this RFP document.
1.7 Errors and Omissions
Each Recipient should notify the Bank of any error, fault, omission, or discrepancy
found in this RFP document but not later than last date of receiving queries for
clarifications.
1.8 Acceptance of Terms
A Recipient will, by responding to the Bank’s RFP document, be deemed to have
accepted the terms as stated in this RFP document.
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2 Terms of the RFP Response
2.1 RFP Response Submission
2.1.1 Application Money
Application Money as mentioned in “Key Information on the RFP Response
Submission” by way of Demand Draft favouring ‘Bank of Baroda’, payable at
Mumbai, which is non-refundable, must be submitted separately along with RFP
response. The Bank may, at its discretion, reject any Consultant where application
money has not been furnished with the RFP response.
2.2 Registration of RFP Response
Registration of RFP response will be affected by the Bank by making an entry in a
separate register kept for the purpose upon the Bank receiving the RFP response in
the above manner. The registration must contain all documents, information, and
details required by this RFP. If the submission to this RFP does not include all the
documents and information required or is incomplete or submission is through e-
mail, the RFP is liable to be summarily rejected.
All submissions, including any supporting documents, will become the property of the
Bank. The Recipient shall be deemed to have licensed, and granted all rights to, the
Bank to reproduce the whole or any portion of their submission for the purpose of
evaluation.
2.3 RFP Validity period
RFP responses must remain valid and open for evaluation according to their terms
for a period of 120 days from the RFP opening date.
2.4 Appointment period
The selected consultant after the evaluation process would be appointed with the
Bank for a period, as considered necessary for successful delivery of the project.
The details are included in the Terms of Reference section of the RFP.
2.5 Communication on the RFP
Recipients are required to address all communication/ clarifications/ queries if any
relating to the RFP in writing via email on or before the last date of receiving request
for clarification as per details provided in the RFP. The Bank will try to reply, without
any obligation in respect thereof, every reasonable query raised by the Respondents
in the manner specified. Any changes to the RFP will be communicated as
Addendum to the RFP and will be published on the Bank’s website under Tenders
section. However, the Bank will not answer any communication initiated by the
Respondents beyond the dates provided in “Key Information on the RFP
Response Submission”.
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The Bank may in its absolute discretion seek, but under no obligation to seek,
additional information or material from any Respondents after the RFP closes and all
such information and material provided must be taken to form part of that
Respondent’s response.
Respondents should invariably provide details of their email address as any
clarifications required by the Bank against the response to the RFP will only be
communicated to the Respondent via email. If Bank in its sole and absolute
discretion deems that the originator of the query will gain an advantage by a
response to a question, then Bank reserves the right to communicate such response
to all Respondents.
The Bank may in its absolute discretion engage in discussion or negotiation with any
Respondent (or simultaneously with more than one Respondent) after the RFP
closes to improve or clarify any response.
2.6 Notification
The Bank will notify all the Respondents in writing immediately post completion of
the RFP Evaluation on the outcome of the process. The Bank is not obliged to
provide any reasons for any such acceptance or rejection.
2.7 Disqualification
Any form of canvassing/lobbying/influence will result in disqualification at the sole
discretion of the Bank.
2.8 Language
The RFP response prepared by the Consultant, as well as all correspondence and
documents relating to the RFP exchanged by the Consultant and the Bank and
supporting documents and printed literature shall be in the English language only.
2.9 Formats of Proposals
The Consultants should use the formats prescribed by the Bank in submission of the
RFP Response. The Bank reserves the right to ascertain information from the banks
and other institutions to which the consultants have rendered their services for
execution of similar projects.
2.10 Timeframe
The timeframe is provided at the start of this document for the overall selection
process. The Bank reserves the right to vary this timeframe at its absolute and sole
discretion and without providing any notice/intimation or reasons thereof. Changes to
the timeframe will be relayed to the affected Respondents during the process. The
time schedule will be strictly followed. Interested bidders are expected to adhere to
these timelines. However, the Bank reserves the right to change the aforementioned
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timelines. The Bank will publish changes if any to the RFP on the website of the
Bank; interested bidders are requested to check Tender’s section of the Bank’s
website for all communication until the date of the Proposal submission.
2.11 RFP Response Submission Details
i. The Proposal shall be in two parts viz Technical Proposal and Financial
Proposal. Both the Technical and Financial Proposals shall be submitted in
separate sealed envelopes super scribing “TECHNICAL PROPOSAL FOR
APPOINTMENT OF GST CONSULTANT: TENDER REFERNCE NO. BOB /
BCC/RFP/GST/01/2017-18” on top of the envelope containing Technical bid
and “FINANCIAL PROPOSAL FOR APPOINTMENT OF GST CONSULTANT:
TENDER REFERENCE NO. BOB/BCC/RFP/GST/01/ 2017-18” on top of the
envelope containing Financial Bid.
ii. The two separate sealed envelopes should be put together in a master
envelope duly sealed and super scribing “PROPOSAL FOR APPOINTMENT
OF GST CONSULTANT: TENDER REFERENCE NO.
BOB/BCC/RFP/GST/01/2017-18.
iii. The Technical Proposal should also have the Application Money Demand Draft
and the EMD as specified.
The RFP response document should be submitted to the Bank in Original.
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Eligibility cum Technical Proposal
ELIGIBILITY CRITERIA (Annexure A)
i) Applicants must read carefully the eligibility criteria provided in Annexure A.
Proposal of only those applicants who satisfy these conditions will be
considered for evaluation process. To be eligible for evaluation of its
Proposal, the Applicant shall fulfil the Eligibility Criteria given in Annexure A.
ii) The Eligibility Criteria will apply to the Bidder along with its Affiliates / Group
companies / member firms working under the common brand name, should
have neither failed to perform on any agreement during the last three years,
as evidenced by imposition of a penalty by an arbitral or a judicial
pronouncement or arbitration awarded against the Applicant or its Affiliates or
its member firms, nor been expedited from any project or agreement nor had
any agreement terminated for breach by such Applicant or its Affiliates or
member firms.
2.11.1 Format for Technical Proposal
The Technical Proposal is required to be submitted in the format as per Annexure B
together with Annexure B1 to B6 and other supporting document. The Demand Draft
/ BG for EMD along with application money should also be kept in the envelope
containing the Technical Proposal.
The technical proposal should be submitted in a separate envelope duly sealed and
super scribing “TECHNICAL PROPOSAL FOR APPOINTMENT OF GST
CONSULTANT: TENDER REFERENCE NO. BOB/BCC/RFP/GST/01/2017-18”
The Technical Proposal should be complete in all respects and should contain all
information as specified in the RFP, with the exclusion of the Financial Proposal. The
Technical Proposal should not contain any price information; any firms disclosing the
Financial Proposal information in the Technical Proposal will be summarily rejected.
All the relevant pages of the proposal are to be numbered and signed by an
authorized signatory on behalf of the bidder. The number should be unique serial
number across the document. The Bidder should provide documentary evidence of
the authorised signatory for the purpose of this RFP.
The RFP response shall be in the English language only. The contact name, email
ID and telephone numbers (mobile & landline) of the Respondent shall also be
indicated on the sealed cover.
The suggested format for submission of the Technical Proposal is as follows:
1. Earnest Money Deposit (EMD) – Demand Draft / BG (in a format enclosed in
Annexure E)
2. Application Money (Demand Draft)
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3. Offer covering letter as per Annexure B
4. Annexure B1 to B6.
2.11.2 Format for Financial Proposal:
The Financial Proposal needs to be provided in the template provided in Annexure C
& C-1. The Financial Proposal should be submitted in hard copy. Hard Copy should
be placed in a sealed envelope super-scribed as “COMMERCIAL / FINANCIAL
PROPOSAL FOR APPOINTMENT OF GST CONSULTANT: TENDER REFERENCE
NO. BOB/BCC/RFP/GST/01/2017-18”.
The fee quoted shall state the fee and taxes applicable with present rate (Taxes
applicable will be paid as per rate prevailing at the time of actual payment). No out of
pocket expenses shall be borne by the Bank. The Financial Proposal shall not
include any conditions attached to it. Any such conditional Financial Proposal
shall be liable for rejection. Payment will be made after deducting tax deductible at
source as per applicable tax laws.
The selected consultant will be associated with the Bank till the completion of
assignments as given in the Terms of reference. The payments terms are as given
in the Annexure D. The payments shall be made only upon the completion of the
work / assignment to the satisfaction of the Bank in each of the phases.
IMPORTANT POINTS TO BE NOTED
a) The sealed bid envelopes should be delivered to the RFP Co-ordinator at the
postal address mentioned in the point “Key Information on the RFP Response
Submission”. The Bank has nominated the RFP Co-ordinator to manage the bid
process on behalf of the Bank.
b) All the queries and communication must be addressed to the RFP Co-ordinator
from the Bank.
c) All envelopes should be securely sealed and stamped.
d) All letters must be addressed to the RFP Co-ordinator.
e) Only one submission of the RFP response by each Respondent will be permitted.
In case there are multiple submissions by the same organization, the first
submission will be treated as final by the Bank for the purpose of evaluation of
responses. All responses would be deemed to be irrevocable offers/proposals
from the Respondent and may if accepted by the Bank form part of the final
contract between the Bank and selected Respondent.
f) Unsigned responses would be treated as incomplete and are liable to be
rejected.
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2.12 Earnest Money Deposit
i. The Bidder shall submit the EMD by way of demand draft / Bank
Guarantee favoring ‘Bank of Baroda’ payable at Mumbai. EMD may be
forfeited in the event of withdrawal of bid during the period of
processing of the RFP or in case the selected bidder fails to sign the
contract.
ii. EMD should be kept in the envelope containing Technical Proposal
as per Annexure B. Any Technical Proposal envelope not accompanied
by the requisite EMD shall be treated as non-responsive and is liable to be
rejected.
iii. The EMD of the unsuccessful bidders will be returned as early as
possible, after completion of process of selection of the consultant. The
EMD of the selected Consultant shall be refunded only after successful
completion of contract/assignment.
iv. No interest is payable on the amount of EMD.
v. If EMD is forfeited for any reason, the concerned bidder will be
debarred from further participation in future three RFPs floated by the Bank.
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3 Terms of Reference
3.1 Introduction and Project Overview
Bank of Baroda is a body corporate constituted under the Banking Companies
(Acquisition & Transfer of Undertakings) Act 1970, having its Corporate Office at C-
26, G-Block, Bandra Kurla Complex, Bandra East, Mumbai – 400051.
Bank of Baroda (hereinafter referred to as the “Bank”) which expression unless
repugnant to the context or meaning thereof shall mean and include its successors
and assigns), intends to issue this bid document, hereinafter called RFP, to eligible
Respondents, hereafter called as “Bidders or Consultants” to participate in the
competitive bidding for engagement of a “Consultant for implementation of GST”.
Bank of Baroda is one of India’s largest banks with a strong domestic presence
spanning 5,421 branches and 10,000+ ATMs supported by self-service channels, as
well as 105 branches/offices overseas including branches of subsidiaries, distributed
spanning 24 countries.
Bank of Baroda seeks to appoint a Consultant for implementation of GST in The
Bank.
3.2 Purpose
Bank of Baroda (“The Bank”) is required to comply with GST (Goods & Service
Tax) from July 1, 2017 onwards (or date as may be notified). In this connection,
the Bank invites Request for Proposal (RFP) from consultants of repute and
proven track record of consulting in Indirect Taxes.
3.3 Project Scope
Bank of Baroda seeks to appoint a competent “Consultant” to work with the Bank for
“Implementation of GST in the Bank.”
It is expected that the team of the selected firm will have necessary expertise,
experience, capabilities and knowledge in the area, which shall broadly cover the
areas listed below:
Migration of existing indirect tax regime to GST in Bank of Baroda as per
Government of India guidelines as and when issued.
The consultant is expected to provide end to end advisory services for complete
GST conversion in the Bank. The scope given below is indicative in nature.
If there are any changes in guidelines / prescription issued by MoF/CBEC/GST
Council or any other regulator in this behalf, during the tenor of the contracts the
same shall also be included in the scope of work.
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3.3.1 Phase I – Diagnostic Study and Impact Analysis
This phase of the Project aims evaluation and analysis of GST as per the guidelines
issued by the Government of India with the existing practices related to Service Tax
followed by Bank. For this, you will have to perform the following tasks:
a. Conduct an (Accounting System and IT/Information System) assessment of the
existing accounting and reporting performed by the Bank.
b. Analyse the implementation of GST on Business Procurement of goods and
services, import and export of services, transactions within the bank i.e.
transactions between branches and business units, services provided centrally,
reversal/waiver of fees etc, to ascertain the impact financial impact and suggest
strategies for minimising the impact
c. Recommending a way forward in the implementation of GST, focusing
specifically on operational issues, resources requirements, technical aspects and
finalization of the Project Management framework.
d. Identification of first time implementation issues and also the potential ‘surprises’
consequent to adoption of GST.
e. Conduct GST impact assessment from the perspective of changes required in
System / System Software/ Hardware/IT information systems used by the Bank
in relation to input credit, output liability on provision of service and trading of
goods and all relevant Provisions, rules and guidelines issued by Government of
India
f. Work collaboratively with the Bank Management throughout the project for its
timely and smooth implementation enabling the Bank to implement GST within
the timeframe and schedule as prescribed by Government of India.
g. Submit a comprehensive ‘Project Report’ with roadmap (including timing and
sequence) and assist in implementation of GST in line with the guidelines /
instructions of Government of India, to the satisfaction of the Bank ( within 15
Calendar days of commencement of assignment )
h. Train the Bank’s core team on overview of GST, likely challenges and key
differences between existing Indirect Tax structure and GST.
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3.3.2 Phase II – Processes & System Changes in compliance with Final GST
laws, provisions, rules, guidelines issued by the Government of India
a. Advise on significant policy decisions having an impact over financials to comply
with the provisions under GST regime including but not limited to Place of
provision of service, Point of taxation, Valuation of services etc.
b. Compliance with the registration requirements for GST in all the states/Union
territories with respect to identified branch/administrative office.
c. Assisting in preparing and maintaining the reports/records as per GST regime
and ensure that the business requirement documents/solution documents
contain the detailed requirements for same.
d. Advising the records to be maintained, eligibility or otherwise of Input tax credits
and ensuring due compliance with the rules as and when notified.
e. Advising the returns to be uploaded and ensure that the requisite fields/structure
is extracted from the system itself.
f. Advising the terms of agreement with vendors to ensure optimization of input tax
credit. This include inter alia discussions with vendors, Bank’s procurement team
to explain invoicing formats and other compliance requirements to be followed by
vendors and ensure that bank gets adequate documentation for claiming Input
tax credits.
g. Providing assistance in formulating the policies, preparation of business
requirement documents for software/system amendments/developments for
identification and valuation for all type of banking transactions and also for
transactions other than banking services to external customers (inter branch
transactions, sale of goods etc.)
h. Evaluate and advise about the changes to be made in existing system /
software, development requirements of new software/utilities/applications for
implementation of GST (in line with the extant guidelines issued)
i. Work in tandem with Bank’s team for carrying out functional testing, as and when
required, of the software
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j. Advising on other transitional provisions w.r.t. VAT, Service Tax, Cess and other
local taxes etc. subsumed in GST.
k. Providing a detailed report containing provisions & processes to be followed, and
methods to comply with the same and all other related issues to bank within 30
calendar days of the beginning of the assignment.
3.3.3 Phase III - Generation of GST Reports / Returns / Invoices (with the
implementation of GST)
a. Validation of monthly output liability of GST and claim of input credit computed
by the Bank
b. Provide guidance and to review and verify periodical GST returns to be filed for
GST compliance
c. Advise on efficient utilization of accumulated tax credits and ensuring
seamless transition from extant indirect tax regime to proposed GST regime
d. Work collaboratively with the Bank’s management and its service providers
e. Assist the Bank in explaining the changes to auditors at the time of Statutory
Audit in quarterly / annual audits on GST related issues.
f. Creation of training material, presentations and verifying circulars for the use of
Bank’s staff
g. Put in place necessary checks to ensure integrity / completeness of data /
reports to be generated
h. Guidance / advise for developing necessary tools for review, monitoring,
reporting and compliance with reports required in GST regime.
i. To verify completeness of data generated through the system for GST returns
and other compliances.
j. Advising on all matters (regarding accounting, process, policy, system,
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software) during the above period to ensure GST compliance.
3.3.4 Phase IV – Assessment of completed Implementation
a. Debrief and assess implementation,
b. Assist bank in matters related to GST across the country till completion of
statutory filing of all the necessary records/documents/returns for the financial
year 2017-18 after the implementation of GST w.e.f 01.07.2017 or any other
date as notified by the Government of India
3.3.5 Phase V – Post Implementation of GST
Provide guidance, suggestions on new developments or on any other matter in
GST up to filing of the final/annual returns with respect to financial year 2017-18
across the country.
(The above list is inclusive and not exhaustive i.e. Terms of reference shall
include providing professional assistance for all activities required for the
implementation of GST as per the Laws / Rules / Notifications / Guidelines as
and when issued by the Government of India in this regard ).
Team:
Bidder is required to appear for a presentation along with the team members who
will be deployed permanently on the project before the final selection.
During the implementation of the project, the selected bidder should make available
a dedicated project team of minimum -3- (three) full time qualified and experienced
professionals (including one resource having IT domain) on-site at the Bank’s
premises in Mumbai. The same team will continue throughout the duration of the
project / duration of the appointment of the Selected Consultant. However,
depending on different phases of the project and experience of team members, the
resources may be rotated. The above is minimum strength and based on the Bank
Management’s requirement / decision, higher numbers of the resources will have to
be provided on site of the Bank by the Selected Bidder.
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4 Evaluation process
4.1 Opening of Technical Proposal
Technical Proposals received within the prescribed date and time will be opened in
the presence of the authorized representatives of the firms bidding who choose to
attend the opening of the offer on the date and time specified in this RFP document.
The Authorized representative of the firm having photo identification, present shall
sign a register of attendance. The representative has to submit an authority letter
duly signed by the Firm, authorizing him to represent and attend the Proposal
opening on behalf of the firm.
4.2 Preliminary Scrutiny
The Bank will scrutinize the offers received to determine whether they are complete
and as per RFP requirement, whether technical documentation as asked for and
required, to evaluate the offer has been submitted, whether the documents have
been properly signed and whether items are offered as per the RFP requirements.
The Bank will inform the date, time and venue of presentation to the firms.
The proposals received by the Bank will be technically evaluated to arrive at the
technical scoring as per the scoring methodology specified below under the
TECHNICAL PROPOSAL EVALUATION CRITERIA. The Bids which are securing
the technical score of 70 or more marks out of a total of 100 marks are considered
as technically qualified and only those technically qualified Bids will be further
processed to find “Highest scoring Firms” as per evaluation methodology under
TECHNO COMMERCIAL EVALUATION CRITERIA. The Bank however retains the
right to lower the cut off score if adequate number of bids does not qualify with the
minimum score specified above.
4.3 Technical Proposal evaluation criteria
Based on the details submitted by the firms in the Technical Proposal and the
presentation made by them before the Technical Evaluation Committee of the Bank,
the Technical Evaluation of the eligible firms will be carried out as furnished below:
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S.
No. Parameter *
Part I
Max
marks Marking system
1 Establishment of Firm: No of
years of practicing in India as
on 31.03.2017
15 5 Marks for minimum 15 years and one mark for each additional completed year.
2 Adequacy of manpower: No of
Partners and full time
Professional Staff
15 Minimum 8 partners (as on 31.03.2017) - 5 marks, one mark each for additional partner (maximum 10 marks)
For 20 Professional Staff: 3 marks. One mark for every additional 5 professional staff member (Max 5 Marks)
3 Experience / Knowledge in
Service Tax / GST in Banks 15 For each continuous year of engagement as
consultant during last 5 years i.e. 01.04.2012
onwards:
Two marks for each completed year for each bank
subject to maximum 10 marks for each Bank
4 Domain Knowledge of
Information Technology 10 Firm having experience in system audit during the
last five years of any Public sector/Private sector
Bank (other than RRB and Cooperative Bank) : 3
marks for each completed assignment (Maximum
10 in case of 4 or more assignments)
5 Representation/ advocacy on
GST on behalf of
representative bodies like
IBA/IRDA/TRAI etc
10 Five marks for one such assignment
6 Financial Stability of Bidder :
Minimum Average turnover of
Rs 10 crores for past 3 years
and positive net worth for 3
years ended on 31.03.2016
5 3 Marks if the average turnover is RS 10 Crore or
above for past 3 years.
2 Marks if the net worth is positive for all 3 years (
No marks will be awarded if net worth is negative
during any of the previous 3 years)
Total - Part I 70
PART II
Presentation (Proposed GST
approach, methodology and
implementation plan for the
Bank
30 Shall be evaluated by the Technical Evaluation
Committee.
Total (Part I + Part II) 100
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(*) The bidder shall include the Bidder along with its affiliates/ group companies/
member firms working under the common brand name and engaged in similar
activity of accounting advisory/financial services, registered in India.
Firms fulfilling all the eligibility criteria mentioned in Annexure A would only be
considered for scoring given above.
Eligible firms will be invited to make a presentation to the Bank’s Technical
Evaluation Committee. The date and time will be advised separately by the Bank.
Technical evaluation on the basis of the Technical Proposal submitted and
presentation to be made to the Technical Evaluation Committee.
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4.3.1 Techno-commercial evaluation criteria
This will be a techno commercial evaluation and accordingly the Technical
evaluation will have 80% weightage and Commercial evaluation shall have 20%
weightage. These weightages shall be taken into consideration for arriving at the
Successful Firm. The evaluation methodologies vis-a-vis the weightages are as
under:
Score will be calculated for all technically qualified Firms using the following formula:
S = (T/T High x 80) + (C Low/C x 20)
Where:
S = Score of the Firm
T =Technical score of the Firm
T High = Highest Technical score among the Firms
C = Quote as provided by the Firm (please refer to Annexure 7)
C Low = Lowest Quote of C among the Firms
The Firm securing the highest score becomes the successful Firm
For example – There are three Bidders A, B and C.
Technical score will be arrived at treating the marks of the Bidder scoring the highest
marks (A) in Technical evaluation as 100. Technical score for other Bidders (B, C,
etc.) will be computed using the formula Marks of B / Marks of highest scorer A*100.
Similarly Commercial Score of all technically cleared Bidders will be arrived at taking
the cost quoted by L1 Bidder i.e., the lowest quote from all technically qualified
Bidder (say C) as 100. Marks for other Bidders will be calculated using the formula
Commercial Score = Cost of L1 Bidder / Cost quoted by Bidder * 100.
A “Combined score” will be arrived at, taking into account both marks scored through
Technical Proposal evaluation and the nominal commercial quotes with a weightage
of 80% for the Technical Proposal and 20% for the Financial Proposal as described
below.
The combined score is arrived at by adding Technical Score and Commercial Score.
The successful Bidder will be the one who has highest Combined Score.
Sr.
No. Bidder
Technical
Evaluation
marks (T)
Nominal
Bid Price in
INR(C)
Technical
Score Commercial
Score Combined Score
(out of 100)
1 A 95 71 95/95*80 = 80.0 60/71*20 = 16.9 80.0+16.9 = 96.9
2 B 85 65 85/95*80 = 71.6 60/65*20 = 18.5 71.6+18.5 = 90.1
3 C 90 60 90/95*80 = 75.8 60/60*20 = 20.0 75.8+20.0 = 95.8
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In the above example Bidder A with highest score becomes the successful Bidder.
4.4 Eligibility cum Technical Proposal
Eligibility criteria for the Bidder to qualify this stage are clearly mentioned in
Annexure A – Eligibility Criteria Compliance to this document. The Bidder would
need to provide supporting documents as part of the eligibility proof. The Technical
Proposal will also be evaluated for technical suitability.
During evaluation of the Tenders, the Bank, at its discretion, may ask the Bidder for
clarification in respect of its tender. The request for clarification and the response
shall be in writing, and no change in the substance of the tender shall be sought,
offered, or permitted
The Bank reserves the right to accept or reject any tender in whole or in parts
without assigning any reason thereof. The decision of the Bank shall be final and
binding on all the Bidders to this document and the Bank will not entertain any
correspondence in this regard.
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5 Terms and conditions
5.1 General
5.1.1 General Terms
The Bank expects the selected Bidder to adhere to the terms of this RFP and would
not accept any deviations to the same.
Unless expressly overridden by the specific agreement to be entered into between
the Bank and the selected Bidder, the RFP shall be the governing document for
arrangement between the Bank and the Bidder.
The Bank expects that the Bidder appointed under the RFP shall have the single
point responsibility for fulfilling all obligations and providing all deliverables and
services required by Bank.
Unless agreed to specifically by the Bank in writing for any changes to the RFP
issued, the Bidder responses would not be incorporated automatically in the RFP.
5.1.2 Rules for Responding to this RFP
All responses received after the due date/ time as mentioned in “Key Information
on the RFP Response Submission” would be considered late and would be liable
to be rejected.
All responses should be in English language. All responses by the Bidders to this
RFP shall be binding on such Bidder for a period of 90 days after opening of the
bids.
All bid responses would be deemed to be irrevocable offers/proposals from the
Bidders and may be accepted by the Bank to form part of final contract between the
Bank and the selected Bidder(s). Unsigned responses would be treated as
incomplete and are liable to be rejected.
The bids once submitted cannot be withdrawn/ modified after the last date for
submission of the bids unless specifically permitted by the Bank. In case, due to
unavoidable circumstances, the Bank does not award the contract within 120 days
from the last date of the submission of the bids, and there is a possibility to award
the same within a short duration, the Bidder would have the choice to maintain the
EMD with the Bank or to withdraw the bid and obtain the security provided.
The Bidder may modify or withdraw its offer after submission, provided that, the
Bank prior to the closing date and time receives a written notice of the modification
or withdrawal prescribed for submission of offers. No offer can be modified or
withdrawn by the Bidder subsequent to the closing date and time for submission of
the offers. The Bank reserves the right to modify the RFP as deemed fit, at its sole
discretion.
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It is mandatory to submit duly filled in details in the formats provided along with this
document. The Bank reserves the right not to allow/ permit changes in the technical
requirements and not to evaluate the offer in case of non-submission of the technical
details in the required format or partial submission of technical details.
In case of discrepancy in soft copy and hard copy of the bids, the Bidders agree that
Bank can consider hard copy as final and it will be binding on the Bidder. The Bank
in this case may also reject the offer outright.
The Bidders at no point in time can excuse themselves from any claims by the Bank
whatsoever for their deviations in conforming to the terms and conditions and other
schedules as mentioned in the RFP circulated by the Bank. The Bidder shall be fully
responsible for deviations to the terms & conditions etc. as proposed in the RFP.
If related bidders (as defined below) submit more than one bid then both /all bids
submitted by related bidders are liable to be rejected at any stage at the Bank’s
discretion:
a) Bids submitted by the holding company and its subsidiary
b) Bids submitted by one or more companies having common director/s
c) Bids submitted by one or more firms / LLPs having common partners
d) Bids submitted by one or more companies in the same group of promoters/
management
Any other bid in the sole discretion of the Bank is in the nature of multiple bids.
5.1.3 Price Bids
The firm is expected to quote Price in Indian Rupees for the professional services
and out of pocket expenses, and excluding service tax. It may be noted that the
Bank will not pay any other amount and other expenses like travel and
accommodation etc. except the agreed professional fee and applicable Service
Taxes. The Bank will pay the Service Tax as per the rate applicable at the time of
making payment. The TDS amount at prevailing rate shall be deducted from the
Consultancy firm payments. The Consultancy firm shall take into account all
conditions and difficulties that may be encountered during the course of assignment
while quoting their fee.
5.2 Others
Responses to this RFP should not be construed as an obligation on the part of the
Bank to award a purchase contract for any services or combination of services.
Failure of the Bank to select a Bidder shall not result in any claim whatsoever against
the Bank. The Bank reserves the right to reject any or all bids in part or in full,
without assigning any reason whatsoever.
By submitting a proposal, the Bidder agrees to promptly contract with the Bank for
any work awarded to the Bidder’s organization. Failure on the part of the awarded
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Bidder to execute a valid contract with the Bank will relieve the Bank of any
obligation to the Bidder, and a different Bidder may be selected based on the
selection process.
The terms and conditions as specified in the RFP and addendums (if any which will
be notified on the Bank’s corporate website (www.bankofbaroda.com) thereafter are
final and binding on the Bidders. In the event the Bidder is not willing to accept the
terms and conditions of the Bank, the Bidder may be disqualified. Any additional or
different terms and conditions proposed by the Bidder would be rejected unless
expressly assented to in writing by the Bank and accepted by the Bank in writing.
The Bidder must strictly adhere to the delivery dates or lead times identified in their
proposal and as agreed by the Bank. Failure to meet these delivery dates, unless it
is due to reasons entirely attributable to the Bank, may constitute a material breach
of the Bidder’s performance. In the event that the Bank is forced to cancel an
awarded contract (relative to this RFP) due to the Bidder’s inability to meet the
established delivery dates or any other reasons attributing to the Bidder then that
Bidder will be responsible for any re-procurement costs suffered by the Bank. The
liability in such an event could be limited to the differential excess amount spent by
the Bank.
All terms and conditions, payments schedules, time frame for expected service
levels as per this RFP will remain unchanged unless explicitly communicated by the
Bank in writing to the Bidder. The Bank shall not be responsible for any judgments
made by the Bidder with respect to any aspect of the Service. The Bidder shall at no
point be entitled to excuse themselves from any claims by the Bank whatsoever for
their deviations in confirming to the terms and conditions, payments schedules,
expected service levels etc. as mentioned in this RFP.
The Bank and the Bidder covenants and represents to the other Party the following:
a) It is duly incorporated, validly existing and in good standing under as per the laws
of the state in which such Party is incorporated.
b) It has the corporate power and authority to enter into Agreements and perform its
obligations there under. The execution, delivery and performance of terms and
conditions under Agreements by such Party and the performance of its
obligations there under are duly authorized and approved by all necessary action
and no other action on the part of such Party is necessary to authorize the
execution, delivery and performance under an Agreement.
The execution, delivery and performance under an Agreement by such Party:
a) Will not violate or contravene any provision of its documents of incorporation;
b) Will not violate or contravene any law, statute, rule, regulation, licensing
requirement, order, writ, injunction or decree of any court, governmental
instrumentality or other regulatory, governmental or public body, agency or
authority by which it is bound or by which any of its properties or assets are
bound;
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c) Except to the extent that the same have been duly and properly completed or
obtained, will not require any filing with, or permit, consent or approval of or
license from, or the giving of any notice to, any court, governmental
instrumentality or other regulatory, governmental or public body, agency or
authority, joint venture party, or any other entity or person whatsoever;
The Bidder shall undertake to provide appropriate human as well as other resources
required, to execute the various tasks assigned as part of the project, from time to
time.
The Bank would not assume any expenses incurred by the Bidder in preparation of
the response to this RFP and also would not return the proposal documents to the
Bidders
The Bank will not bear any costs incurred by the Bidder for any discussion,
presentation, demonstrations etc. on proposals or proposed contract or for any work
performed in connection therewith.
5.3 Other RFP Requirements
This RFP may undergo change by either additions or deletions or modifications
before the actual award of the contract by the Bank. The Bank also reserves the right
to change any terms and conditions including eligibility criteria of the RFP and its
subsequent addendums as it deems necessary at its sole discretion. The Bank will
inform all Bidders about changes, if any.
The Bank may revise any part of the RFP, by providing a written addendum at any
stage till the award of the contract. The Bank reserves the right to issue revisions to
this RFP at any time before the award date. The addendums, if any, shall be
published on the Bank’s website only.
The Bank reserves the right to extend the dates for submission of responses to this
document.
Bidders shall have the opportunity to clarify doubts pertaining to the RFP in order to
clarify any issues they may have, prior to finalizing their responses. All questions are
to be submitted to the RFP Co-ordinator mentioned in “Key Information on the
RFP Response Submission”, and should be received by the nominated point of
contact in writing through email before the scheduled date as indicated in the
schedule of timeframe. Responses to inquiries and any other corrections and
amendments will be published on Bank’s website in the form of addendum to the
RFP or through electronic mail; the preference for distribution would be with the
Bank. The Bidder, who posed the question, will remain anonymous.
Preliminary Scrutiny – The Bank will scrutinize the offers to determine whether they
are complete, whether any errors have been made in the offer, whether required
documentation has been furnished, whether the documents have been properly
signed, and whether items are quoted as per the schedule. The Bank may, at its
discretion, waive any minor non-conformity or any minor deficiency in an offer. This
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shall be binding on all Bidders and the Bank reserves the right for such waivers and
the Bank’s decision in the matter will be final.
Clarification of Offers – To assist in the scrutiny, evaluation and comparison of
offers, the Bank may, at its discretion, ask some or all Bidders for clarification of their
offer. The Bank has the right to disqualify the Bidder whose clarification is found not
suitable to the proposed project.
No Commitment to Accept Lowest Financial Proposal by value for this RFP – The
Bank shall be under no obligation to accept the lowest price bid or any other offer
received in response to this RFP and shall be entitled to reject any or all offers
including those received late or incomplete offers without assigning any reason
whatsoever. The Bank reserves the right to make any changes in the terms and
conditions of the contract. The Bank will not be obliged to meet and have
discussions with any Bidder, and/ or to listen to any representations unless there is
change in the terms and conditions of the contract.
Alterations – The offers containing erasures or alterations will not be considered.
There should be no hand-written material, corrections or alterations in the offer.
Technical details must be completely filled up. Correct information of the equipment
being offered must be filled in. Filling up of the information using terms such as “OK”,
“accepted”, “noted”, “as given in brochure / manual” is not acceptable. The Bank may
treat the offers not adhering to these guidelines as unacceptable.
Fixed price – The Financial Proposal shall contain the Financial Proposal which
shall be on a fixed fee basis including professional fee and out of pocket expenses.
Payment of Stamp duty – The expenses of fees for Stamp duty incurred by the
successful applicant will be borne equally by the Parties.
Right to Alter Scope – The Bank reserves the right to alter the requirements
specified in the RFP. The Bank also reserves the right to add/ modify/ delete one or
more items from the list of items specified as part of the requirement. The Bank will
inform all Bidders about changes, if any. The Bidder agrees that the Bank has no
limit on the additions or deletions on the items for the period of the contract. Further
the Bidder agrees that the prices quoted by the Bidder would be proportionately
adjusted with such additions/ modifications/ deletions in scope.
If the Bank is not satisfied with the specifications as specified in the RFP and
observes major deviations, the proposals of such Bidders will not be short-listed for
further evaluation. No further discussions shall be entertained with such Bidders in
respect of the proposal submission.
The Bidder shall indemnify, protect and save the Bank against all claims, losses,
costs, damages, expenses, action, suits and other proceedings, resulting from
infringement of any Patent, Trade Marks, Copyrights etc. or such other statutory
infringements under all the prevailing laws in respect of deliverables/ output/ material
supplied by them to the Bank from whatsoever source, provided the Bank notifies the
Bidder in writing as soon as practicable when the Bank becomes aware of the claim.
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The selected Bidder shall perform its obligations under this RFP as an independent
contractor to the Bank, and shall not be permitted to engage any subcontractors to
perform any of the Deliverables or Services. Neither this RFP nor the Bidder’s
performance of obligations under this RFP shall create an association, partnership,
joint venture, or relationship of principal and agent, master and servant, or employer
and employee, between the Bank and the Bidder or its employees, and neither Party
shall have the right, power or authority (whether expressed or implied) to enter into
or assume any duty or obligation on behalf of the other Party.
The Bidder shall solely be responsible for all payments (including any statutory
payments) to its employees and shall ensure that at no time shall its employees,
personnel or agents hold themselves out as employees or agents of the Bank, nor
seek to be treated as employees of the Bank for any purpose, including claims of
entitlement to fringe benefits provided by the Bank, or for any kind of income or
benefits. The Bidder alone shall file all applicable tax returns for all of its personnel
assigned hereunder in a manner consistent with its status as an independent
contractor of services; and the Bidder will make all required payments and deposits
of taxes in a timely manner.
5.4 Contract Commitment
The Bank intends that the contract commitment, which is contemplated herein with
the successful Bidders, shall be for a period as defined by the Bank as per the
specifications contained in this RFP.
5.5 Payment Terms
The selected consultant will be associated with the Bank till the completion of
assignment as given in the terms of reference. The payment terms are given in the
Annexure D. The payment shall be made only upon the completion of the work /
assignment to the satisfaction of the Bank in each of the phases.
5.6 Sub-contracting
The Bank expects a single bidder having in-house capabilities to deliver the scope
as per the Terms of Reference. Sub-contracting of services in whole or part with
other firms shall not be permitted. In case the Bidder is found to not possess the
requisite capabilities, they will be summarily disqualified from the process for this
assignment.
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6 General Terms and Conditions
6.1 Dispute Resolution
The Bank and the selected Firm shall make every effort to resolve amicably, by
direct informal negotiation between the Bank and the Consultant, any disagreement
or dispute arising between them under or in connection with the contract.
If the Bank’s project manager/ co-ordinator and the Selected Firm’s project convenor
are unable to resolve the dispute after thirty days from the commencement of such
informal negotiations, they shall immediately escalate the dispute to the senior
authorized personnel designated by the selected Firm and the Bank respectively.
If after thirty days from the commencement of such negotiations between the
authorized personnel designated by the Selected Firm and the Bank, the Bank and
the selected Bidder have been unable to resolve contractual dispute amicably, either
party may require that the dispute be referred for resolution through formal
arbitration.
All questions, disputes or differences arising under and out of, or in connection with
the contract or carrying out of the work whether during the progress of the work or
after the completion and whether before or after the determination, abandonment or
breach of the contract shall be referred to arbitration by a sole Arbitrator acceptable
to both parties OR the number of arbitrators shall be three, with each side to the
dispute being entitled to appoint one arbitrator. The two arbitrators appointed by the
parties shall appoint a third arbitrator who shall act as the chairman of the
proceedings. Arbitration will be carried out at the Bank’s office that placed the order.
The Arbitration and Conciliation Act 1996 or any statutory modification thereof shall
apply to the arbitration proceedings.
The arbitral award shall be in writing, state the reasons for the award, and be final
and binding on the parties. The award may include an award of costs, including
reasonable attorneys’ fees and disbursements. Judgment upon the award may be
entered by any court having jurisdiction thereof or having jurisdiction in Mumbai.
6.2 Governing Laws
The subsequent contract shall be governed and construed and enforced in
accordance with the laws of India applicable to the contracts made and to be
performed therein, and both Parties shall agree that in respect of any dispute arising
upon, over or in respect of any of the terms of this Agreement, only the courts in
Mumbai shall have exclusive jurisdiction to try and adjudicate such disputes to the
exclusion of all other courts.
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6.3 Notices and other Communication
If a notice has to be sent to either of the parties following the signing of the contract,
it has to be in writing and shall be sent personally or by certified or registered post
with acknowledgement due or overnight courier or email duly transmitted,
facsimile/fax transmission (with hard copy to follow for email/fax), addressed to the
other party at the addresses, email and fax number given in the contract.
Notices shall be deemed given upon receipt, except that notices send by registered
post in a correctly addressed envelope shall be deemed to be delivered within 5
working days (excluding Sundays and public holidays) after the date of mailing
dispatch and in case the communication is made by facsimile transmission or email,
on business date immediately after the date of successful facsimile/email
transmission (that is, the sender has a hard copy of a confirmation page evidencing
that the facsimile was completed in full to the correct fax number or email sent to
correct email address).
Any Party may change the address, email address and fax number to which notices
are to be sent to it, by providing written notice to the other Party in one of the
manners provided in this section.
6.4 Force Majeure
The selected Bidder shall not be liable for forfeiture of its performance security,
liquidated damages, penalties or termination for default, if any to the extent that its
delay in performance or other failure to perform its obligations under the contract is
the result of an event of Force Majeure.
For purposes of this Clause, “Force Majeure” means an event explicitly beyond the
reasonable control of the selected Bidder and not involving the selected Bidder’s
fault or negligence and not foreseeable. Such events are Acts of God or of public
enemy, acts of Government of India in their sovereign capacity, strikes, political
disruptions, bandhs, riots, civil commotions and acts of war.
If a Force Majeure situation arises, the selected Bidder shall promptly notify the Bank
in writing of such conditions and the cause thereof within fifteen calendar days.
Unless otherwise directed by the Bank in writing, the selected Bidder shall continue
to perform the obligations under this Agreement as far as is reasonably practical,
and shall seek all reasonable alternative means for performance not prevented by
the Force Majeure event.
In such a case the time for performance shall be extended by a period(s) not less
than the duration of such delay. If the duration of delay continues beyond a period of
three months, the Bank and the selected Bidder shall hold consultations in an
endeavour to find a solution to the problem.
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6.5 Assignment
The selected Bidder agrees that the firm shall not be entitled to assign any or all of
its rights and or obligations under this RFP and subsequent Agreement to any entity
including the firm’s affiliate without the prior written consent of the Bank.
If the Bank undergoes a merger, amalgamation, takeover, consolidation,
reconstruction, change of ownership, etc., this RFP along with the subsequent
Addendums published shall be considered to be assigned to the new entity and such
an act shall not affect the rights of the selected Bidder under this RFP.
6.6 Waiver
No failure or delay on the part of either party relating to the exercise of any right
power privilege or remedy provided under this RFP document or subsequent
agreement with the other party shall operate as a waiver of such right power
privilege or remedy or as a waiver of any preceding or succeeding breach by the
other party nor shall any single or partial exercise of any right power privilege or
remedy preclude any other or further exercise of such or any other right power
privilege or remedy provided in this RFP document all of which are several and
cumulative and are not exclusive of each other or of any other rights or remedies
otherwise available to either party at law or in equity.
6.7 Termination
The Bank shall have the option to terminate this RFP and/ or any subsequent
agreement and/ or any particular order, in whole or in part by giving selected Bidder
at least 30 days prior notice in writing. It is clarified that the selected Bidder shall not
terminate this RFP & the subsequent Agreement for convenience.
However the Bank will be entitled to terminate this RFP and any subsequent
agreement, if selected Bidder breaches any of its obligations set forth in this RFP
and any subsequent agreement and
Such breach is not cured within thirty (30) Days after Bank gives written notice; or
if such breach is not of the type that could be cured within thirty (30) Days, failure
by selected Bidder to provide Bank, within thirty (30) Days, with a reasonable
plan to cure such breach, which is acceptable to the Bank. Or
This RFP and subsequent Agreement shall be deemed to have been terminated by
either Party one day prior to the happening of the following events of default:
The other Party becomes unable to pay its debt as they fall due or otherwise
enters into any composition or arrangement with or for the benefit of its creditors
or any class thereof;
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A liquidator or a receiver is appointed over all or a substantial part of the
undertaking, assets or revenues of the other Party and such appointment
continues for a period of twenty one (21) days;
The other Party is subject of an effective resolution for its winding up other than a
voluntary winding up for the purpose of reconstruction or amalgamation upon
terms previously approved in writing by the other Party; or
The other Party becomes the subject of a court order for its winding up.
The selected Bidder understands the strategic importance of this Project and that it
would require tremendous commitment of technical resources for the same from the
selected Bidder for the tenure of this RFP and subsequent Agreement. The Parties
therefore agree and undertake that an exit at any point in time resulting due to expiry
or termination of this RFP and subsequent Agreement for any reason whatsoever
would be a slow process over a period of three (3) months, after the completion of
the notice period of three (3) months. During this period, the selected Bidder shall
continue to provide the Deliverables and the Services in accordance with this RFP
and subsequent Agreement and shall maintain the agreed Service levels.
Immediately upon the date of expiration or termination of the RFP and subsequent
Agreement, the Bank shall have no further obligation to pay any fees for any periods
commencing on or after such date.
Without prejudice to the rights of the Parties, upon termination or expiry of the
Agreement, the Bank shall pay to the selected Bidder, within thirty (30) days of such
termination or expiry, of the following:
All the undisputed fees outstanding till the date of termination;
Upon the termination or expiry of this RFP and subsequent Agreement, the rights
granted to the selected Bidder shall immediately be terminated.
Upon the Bank’s request in writing, the selected Bidder shall be under an
obligation to transfer to the Bank or its designee(s) the Deliverables being used
by the selected Bidder to perform the Services free and clear of all liens, security
interests, or other encumbrances at a value calculated as stated.
6.8 Publicity
Any publicity by the selected Bidder in which the name of the Bank is to be used
should be done only with the explicit written permission of the Bank.
6.9 Solicitation of Employees
The selected Bidder during the term of the contract shall not without the express
written consent of the Bank, directly or indirectly: a) recruit, hire, appoint or engage
or attempt to recruit, hire, appoint or engage or discuss employment with or
otherwise utilize the services of any person who has been an employee or associate
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or engaged in any capacity, by the Bank in rendering services in relation to the
contract; or b) induce any person who shall have been an employee or associate of
the Bank at any time to terminate his/ her relationship with the Bank.
6.10 Inspection of Records
All selected Bidder records with respect to any matters covered by this RFP shall be
made available to auditors and or inspecting officials of the Bank and/or Reserve
Bank of India and/or any regulatory authority, at any time during normal business
hours, as often as the Bank deems necessary, to audit, examine, and make excerpts
or transcripts of all relevant data. The said records are subject to examination. The
Bank’s auditors would execute confidentiality agreement with the selected Bidder
provided that the auditors would be permitted to submit their findings to the Bank,
which would be used by the Bank. The cost of the audit will be borne by the Bank.
The scope of such audit would be limited to Service Levels being covered under the
contract, and financial information would be excluded from such inspection, which
will be subject to the requirements of statutory and regulatory authorities.
6.11 Compliance with Laws
The selected Bidder shall undertake to observe, adhere to, abide by, comply with
and notify the Bank about all the prevailing laws in force or as are or as made
applicable in future, pertaining to or applicable to them, their business, their
employees or their obligations towards them and all purposes of this RFP and shall
indemnify, keep indemnified, hold harmless, defend and protect the Bank and its
employees/ officers/ staff/ personnel/ representatives/ agents from any failure or
omission on its part to do so and against all claims or demands of liability and all
consequences that may occur or arise for any default or failure on its part to conform
or comply with the above and all other statutory obligations arising there from.
Compliance with all applicable laws shall be limited to laws which are directly/
indirectly affecting Bank’s business due to the services provided as part of this RFP.
However statutory compliance for providing the service mentioned in the RFP needs
to be carried out by the selected Bidder.
The selected Bidder shall promptly and timely obtain all such consents, permissions,
approvals, licenses, etc., as may be necessary or required for any of the purposes of
this project or for the conduct of their own business under any applicable Law, the
Government Regulation/Guidelines and shall keep the same valid and in force during
the term of the project, and in the event of any failure or omission to do so, shall
indemnify, keep indemnified, hold harmless, defend, protect and fully compensate
the Bank and its employees/ officers/ staff/ personnel/ representatives/agents from
and against all claims or demands of liability and all consequences that may occur or
arise for any default or failure on its part to conform or comply with the above and all
other statutory obligations arising there from and the Bank will give notice of any
such claim or demand of liability within reasonable time to the selected Bidder.
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The selected Bidder is not absolved from its responsibility of complying with the
statutory obligations as specified above. Indemnity shall exclude indirect,
consequential and incidental damages.
6.12 Order Cancellation
The Bank will provide the selected Bidder a remedy period of 90 days to rectify a
default or given situation. The Bank will provide in writing the nature of the default to
the selected Bidder through a letter or mail correspondence. The 90 day time period
will commence from the day the Bank has sent such correspondence to the selected
Bidder.
The Bank reserves its right to cancel the order in the event of one or more of the
following situations, that are not occasioned due to reasons solely and directly
attributable to the Bank alone:
Delay in implementation beyond the specified period that is agreed in the contract
that will be signed with the selected Bidder.
Discrepancy in the quality of service/ security expected during the
implementation, rollout and subsequent maintenance process.
Failure of the selected Bidder make good the situation within the remedy period
The selected Bidder commits a breach of any of the terms and conditions of the
RFP/ contract.
The selected Bidder becomes insolvent or goes into liquidation voluntarily or
otherwise
An attachment is levied or continues to be levied for a period of 7 days upon
effects of the tender.
In case of order cancellation, any payments made by the Bank to the selected Bidder
would necessarily have to be returned to the Bank with interest @ 15% per annum
from the date of each such payment. These payments to be returned would refer to
those deliverables that will have to be reversed or redone post the termination of the
selected Bidder.
6.13 Indemnity
The selected Bidder shall indemnify the Bank, and shall always keep indemnified
and hold the Bank, its employees, personnel, officers, directors, (hereinafter
collectively referred to as “Personnel”) harmless from and against any and all losses,
liabilities, claims, actions, costs and expenses (including attorneys’ fees) relating to,
resulting directly or indirectly from or in any way arising out of any claim, suit or
proceeding brought against the Bank as a result of:
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The Bank’s authorized/ bona fide use of the Deliverables and /or the Services
provided by the selected Bidder under this RFP; and/or
an act or omission of the selected Bidder and/or its employees, in performance of
the obligations under this RFP; and/or
claims made by employees who are deployed by the selected Bidder, against the
Bank; and/or
claims arising out of employment, non-payment of remuneration and non-
provision of statutory benefits by the selected Bidder to its employees
breach of any of the term of this RFP or breach of any representation or false
representation or inaccurate statement or assurance or covenant or warranty of
the selected Bidder under this RFP; and/or
any or all Deliverables or Services infringing any patent, trademarks, copyrights
or such other Intellectual Property Rights; and/or
breach of confidentiality obligations of the selected Bidder contained in this RFP;
and/or
Negligence or gross misconduct attributable to the selected Bidder or its
employees.
Indemnity would cover damages, loss or liabilities suffered by the Bank arising out of
claims made by customer and / or regulatory authorities for reasons attributable to
breach of obligations under this RFP and subsequent agreement by the selected
Bidder.
In the event of Successful Bidder not fulfilling its obligations under this clause within
the period specified in the notice issued by the Bank. The Bank has the right to
recover the amounts due to it under this provision from any amount payable to the
vendor under this project.
The indemnities under this clause are in addition to and without prejudice to the
indemnities given elsewhere in this RFP .
6.14 Corrupt and Fraudulent Practices
As per the Government directives, it is required that selected Bidders/ Suppliers /
Contractors observe the highest standard of ethics during the procurement and
execution of such contracts in pursuance of this policy:
“Corrupt Practice” means the offering, giving, receiving or soliciting of anything of
values to influence the action of an official in the procurement process or in
contract execution AND
“Fraudulent Practice” means a misrepresentation of facts in order to influence a
procurement process or the execution of contract to the detriment of the Bank
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and includes collusive practice among consultants (prior to or after bid
submission) designed to establish bid prices at artificial non-competitive levels
and to deprive the Bank of the benefits of free and open competition.
The Bank reserves the right to reject a proposal for award if it determines that the
selected Bidder recommended for award has engaged in corrupt or fraudulent
practices in competing for the contract in question.
The Bank reserves the right to declare a firm ineligible, either indefinitely or for a
stated period of time as per the Bank’s discretion, to be awarded a contract if at any
time it determines that the firm has engaged in corrupt or fraudulent practices in
competing for or in executing the contract.
6.15 Violation of Terms
The Bank shall be entitled to an injunction, restraining order, right for recovery, suit
for specific performance or such other equitable relief as a court of competent
jurisdiction may deem necessary or appropriate to restrain the selected Bidder from
committing any violation or enforce the performance of the covenants, obligations
and representations contained in this RFP. These injunctive remedies are cumulative
and are in addition to any other rights and remedies the Bank may have at law or in
equity, including without limitation a right for recovery of any amounts and related
costs and a right for damages.
6.16 Authorized Signatory
The selected Bidder shall indicate the authorized signatories who can discuss and
correspond with the Bank, with regard to the obligations under the contract. The
selected Consultant shall submit at the time of signing the contract, a certified copy
of the resolution of their Board, authenticated by the Company Secretary/Director,
authorizing an official or officials of the Company or a Power of Attorney copy to
discuss, sign agreements/contracts with the Bank. The Consultant shall furnish proof
of signature identification for above purposes as required by the Bank.
6.17 Non-Disclosure Agreement
The selected Bidder shall execute a Non-Disclosure Agreement (NDA) as per
requirement / satisfaction of the Bank. The selected Bidders shall execute the NDA
within 30 days from the date of acceptance of letter of appointment.
6.18 Right to Reject Proposals
The Bank reserves the absolute and unconditional right to reject the response to this
RFP if it is not in accordance with its requirements and no correspondence will be
entertained by the Bank in the matter. Proposals received from Respondents are
liable to be rejected if:
It is not in conformity with the instructions mentioned in the RFP document.
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It is not accompanied by the requisite Application Money and Earnest Money
Deposit (EMD).
It is not properly or duly signed.
It is received through email / fax.
It is received after expiry of the due date and time.
It is incomplete including non- furnishing the required documents.
It is evasive or contains incorrect information.
There is canvassing of any kind.
It is submitted anywhere other than the place mentioned in the RFP.
6.19 Limitation of Liability
1. The selected Bidder’s aggregate liability, in connection with obligations
undertaken as a part of this Project, whether arising under this project regardless
of the form or nature of the action giving rise to such liability (whether in contract,
tort or otherwise), other than the circumstances mentioned in the Para 2 of this
clause, shall be limited to the total contract value.
2. The selected Bidder’s liability in case of claims against the Bank resulting from its
willful misconduct or gross negligence, or loss suffered by bank due to damage to
real or tangible or intangible property by Service Provider, its employees or loss
suffered by bank, due to infringement of patents, trademarks, copyrights or such
other Intellectual Property Rights or breach of confidentiality obligations committed
by the consultant shall be actual.
3. Under no circumstances, shall the Bank be liable to the selected Bidder for direct,
indirect, incidental, consequential, special or exemplary damages arising from
termination of this Agreement, even if the Bank has been advised of the possibility
of such damages.
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6.20 Penalties and Liquidation Damages
1. If the Service Provider fails to complete the due performance as per this RFP
and subsequent Agreement, BOB reserves the right to terminate the contract
and recover Liquidated Damages 10% of contract value.
2. The Liquidated Damages will not be applicable in case the delay is for
reasons attributable to the BOB and Force Majeure. However it is the
responsibility of the Service Provider to prove that the delay is attributed to
BOB and Force Majeure. The decision taken by BOB in this regard shall be
final and Service Provider shall not dispute the same.
3. If the Service Provider fails to perform its obligation as per this RFP or
subsequent Agreement then BOB reserves the right to get the balance work
executed by another service provider as per choice of BOB and Service
Provider shall be liable to bear the expenditure which BOB may incur for the
execution of balance work and its completion.”
Bank of Baroda reserves the right to:
1. Reject any and all responses received in response to the RFP
2. Waive or Change any formalities, irregularities, or inconsistencies in
proposal format delivery
3. Extend the time for submission of the tender
4. Select the most responsive Bidder (in case no Bidder satisfies the
eligibility criteria in totality)
5. Share the information/ clarifications provided in response to tender
by any Bidder, with any other Bidder(s) /others, in any form.
6. Re-negotiate the price and terms of the entire contract with the Bidder
at more favorable terms in case such terms are offered in the industry
at that time.
7. Cancel the tender at any stage, without assigning any reason
whatsoever
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7 Disclaimer
Subject to any law to the contrary, and to the maximum extent permitted by law, the
Bank and its directors, officers, employees, contractors, representatives, agents, and
advisors disclaim all liability from any loss, claim, expense (including, without
limitation, any legal fees, costs, charges, demands, actions, liabilities, expenses or
disbursements incurred therein or incidental thereto) or damage,
(Whether foreseeable or not) (“Losses”) suffered by any person acting on or
refraining from acting because of any presumptions or information (whether oral or
written and whether express or implied), including forecasts, statements, estimates,
or projections contained in this RFP document or conduct ancillary to it whether or
not the Losses arises in connection with any ignorance, negligence, inattention,
casualness, disregard, omission, default, lack of care, immature information,
falsification or misrepresentation on the part of the Bank or any of its directors,
officers, employees, contractors, representatives, agents, or advisors.
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Annexure : A
Eligibility Criteria
(*) Eligibility Criteria shall include the Bidder along with its Affiliates / Group companies/ member firms working under the common brand name and engaged in similar activity of accounting advisory/ financial services, registered in India.
Sr.
No.
Eligibility Criteria (*) Documents Required
1. Bidder Firm/LLP must be practicing in India for the
last 15 years as on 31.03.2017
Self Declaration from the bidder.
2. Bidder should have been engaged as a consultant
for the purpose of providing consultancy/advisory
services in relation to service tax/GST for minimum 2
Scheduled Commercial Banks having centralised
registration of service tax during past 5 years as on
31.03.2017
Certificate from Client
3. Bidder should have a permanent office in Mumbai for
at least past 3 years ended on 31.03.2017
Self declaration in format B-1 /
Constitution certificate / Firm Card
4. Bidder should have minimum of :
(a) -8- Partners registered as a member of the
ICAI), and
( b ) - 2 0 - full-time professional staff in India as on
31.03.2017. “Professional Staff “means full-time staff with
minimum qualification of CA / ICWA / MBA
(Finance)/L.L.B and are on the payroll of the Bidder.
Constitution certificate issued by
ICAI/ Self Declaration Certificate
5. Bidder should have a minimum average turnover of
Rs 10 crores during past 3 years ended on
31.03.2016
CA certificate / Audited financial
statements
6. Bidder should not have been banned / declared
ineligible for corrupt and fraudulent practices by the
Govt. of India / State Governments / RBI / ICAI / and
should not have any disciplinary proceedings
pending against the applicant firm or any of the
partners with ICAI / RBI
Self-declaration signed by
authorised signatory
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Annexure : B
TECHNICAL PROPOSAL Letter of Proposal
(On Applicant’s letter head) The Chief Financial Officer (CFO) Bank of Baroda 2nd Floor, Baroda Corporate Centre, C-26, G Block, Bandra Kurla Complex, Bandra East, Mumbai-400051
Dear Sir, Subject: Appointment of Consultant for Implementation of GST
Dear Sir, With reference to your RFP Document dated………….., I / we, having examined all
relevant documents and understood their contents, hereby submit our Technical
Proposal for selection as Consultant for Implementation of GST. The proposal is
unconditional and unqualified.
1. We agree to keep this offer valid for 90 (ninety) days from the las t Date of
submitting the proposal specified in the RFP.
2. We agree to undertake the project, if allotted by you, as per the scope of work
(Terms of Reference).
3. We agree and undertake to abide by all the terms and conditions of the
RFP Document. We submit this Proposal under and in accordance with
the terms of the RFP Document.
Yours faithfully, Date: Place:
List of Document Enclosed:
1. Annexures (B-1 to B-6)
2. EMD - DD/BG (As per Annexure-) particulars
3. Cost of RFP documents
DD/BC particulars
4. CVs of Core Team Members of the Project
(Signature, name and designation of the authorized signatory)
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Annexure : B -1
Particulars to be furnished for the purpose of appointment of consultant
1. Name of the Bidder Company / Firm
2. Date of Incorporation of Bidder Company / Firm
3. Complete Address of Bidder Company / Firm & Email Id
4. Name and Contact details and E-mail id of the nodal Person
5. Particulars of the Authorized Signatory a) Name b) Designation c) Contact Number d) Fax no. e) E-mail id
6. Persons proposed to be assigned for the consultancy
services and their profiles
7. Name, address and account number of the Bidder’s banker
8. PAN of the Bidder Company / Firm
9. Service Tax Registration number of the Bidder
Company / Firm
10. Office Address along with date of establishment of office (Please provide
supporting Documents)
11. Names of member firms / affiliates / group companies Registered in India who have been considered for eligibility criteria.
(As per Annexure B - 4)
12. Total Number of Partners of the Bidder including that of its Affiliates / Group companies / member firms working under the common brand name and engaged in similar activity of accounting advisory/ financial services in India.
(As per Annexure B- 5)
13. List of full time professional staff of the Bidder including that of its Affiliates / Group companies/ member firms working under the common brand name and engaged in similar activity of accounting advisory/ financial services in India.
(As per Annexure B - 6)
14. Presence in how many towns/ cities in India– Please
furnish names of cities / centers & Details
15. Any other Information considered relevant by the bidder.
(Signature, name and designation of the authorized signatory)
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ANNEXURE : B - 2
Particulars in respect of engagement in GST / Service Tax consultancy in
Banks in India during last five years as on 31.03.2017
S.
No.
Name of
Bank /
Financial
Institution
Balance sheet
size of the
Bank /
Financial
Institution
during the
period of
contract
(Rs. in crores)
Brief
Details of
scope of
work
Name of Person
in- charge from
client side with
contact no and
e-mail id
Period
From To
(Signature, name and designation of the authorized signatory)
Note: Client Certificate / Contract with Client in support of the
information above should be submitted
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ANNEXURE : B - 3
Financial P e r f o r m a n c e of the Bidder from Indian Operation
Financial Year Annual Revenue
(Rs. in crores)
N e t P r o f i t
( R s . i n c r o r e s )
Net worth
(Rs. In crores)
2013-14 (Audited)
2014-15 (Audited)
2015-16 (Audited)
Certificate from the Statutory Auditor
This is to certify that the above information relates to the .........................(name of the
Bidder) are correct as per information available in the books of Firm/Company.
Name of the audit firm:
Seal of the audit firm Firm Registration No. Membership No. Date:
In case the Bidder does not have a statutory auditor, it shall provide the certificate
from its chartered accountant that ordinarily audits the annual accounts of
the Bidder.
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Annexure : B - 4
Details of Bidder / Affiliates / Group Companies
S.No. Name of the Member Firms /
Affiliates / Group Companies
Registration No with, IF any
ICAI MCA RBI
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7.1 Annexure : B - 5
Details of Partners of the Bidder including its Affiliates/Group companies/
member firms working under the common brand name and engaged in
similar activity of accounting advisory/ financial services in India
S. No. Name of the
Partner
Education Qualification
Name of the Member Firms / Affiliates / Group
Companies
Membership
Number with
ICAI
(Signature, name and designation of the authorized signatory)
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Annexure : B - 6
Details of full time professional staff of the Bidder including its Affiliates /
Group companies / member firms working under the common brand name and
engaged in similar activity of accounting advisory / financial services in India
S. No.
Name of the
Professional Staff
Education Qualification
Name of the Member Firms / Affiliates / Group
Companies
Membership
Number with
ICAI
(Signature, name and designation of the authorized signatory)
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Annexure - C
FINANCIAL PROPOSAL (On Applicant’s letter head)
The Chief Financial Officer (CFO) Bank of Baroda 2nd Floor, Baroda Corporate Center, C-26, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051
Dear Sir, Subject: Appointment of Consultant for Implementation of GST- Financial Proposal
With reference to your RFP Document dated………….., We submit here below the Financial Proposal for selection as Consultant for above.
I/We agree that this offer shall remain valid for a period of 90 days from the last
date of submission of Proposal or such further period as may be mutually agreed
upon.
Yours sincerely
(Signature, name and designation of the authorized signatory)
Date:
Place:
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Annexure : C-1 Financial Proposal S.NO. Name of the entity Financial Bid
1. Phase I
2. Phase II
3. Phase III
4. Phase IV
5. Phase V
Total (1 to 5)
Applicable Taxes
Total including Applicable Taxes*
*The total of fees and phase wise distribution must be in parlance with Payment Terms in Annexure D
(Signature, name and designation of the authorized signatory) Date: Place:
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Annexure : D
Payment terms
The payment terms would be as follows:
Particulars Percentage
Phase – I 10%
Phase – II 25%
Phase- III 30%
Phase IV 25%
Phase V 10%
Penalty Clause: Bank reserves the right to deduct from the fee to be paid to the
consultant, in the event of the non compliance with the terms & conditions as
mentioned in the RFP. Banks reserves the right to deduct a reasonable amount at its
discretion as penalty from the fees payable in case of non compliance with the terms
of RFP.
Annexure : E
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Performa Bank Guarantee for EMD
BANK GUARANTEE TO _______________ _______________ Whereas ____________________ having its registered office at ________________________________ (hereinafter called “the Bidder”) has to submit its bid dated ___________ for providing consultancy services for timely and smooth implementation of GST in “Bank of Baroda” as specified in Schedule III of RFP NO. BOB/BCC/RFP/GST/1/2016-17 dated _________( hereinafter called “the RFP”)
KNOW ALL MEN by these presents that we _______________________ having our Corporate Office at _______________ ( hereinafter called “the Bank”) are bound to Bank of Baroda, ( hereinafter called “The Principal”) in the sum of Rs. 100000/- (Rupees One Lakh only) for which payment will and truly to be made to the Principal, the Bank binds itself, its successors and assigns by these presents.
The conditions of this obligation are: If the Bidder withdraws their Bid during the period of Bid validity specified in the Tender: OR If the Bidder, having been notified of the acceptance of its Bid by the Principal during the period of Bid validity –
- Fails or refuse to execute the Contract or the Agreement/Forms as required or
- Fails or refuse to furnish the Performance Guarantee, in accordance with the instruction to Bidder.
We, ____________________________________________________ under take to pay to the Principal up to an amount of Rs.100000/- (Rupees One Lakh Only) upon receipt of its first written demand, without the Principal having to substantiate its demand, provided that in its demand the Principal will note that the amount claimed by it is due to it owing to the occurrence of anyone or both of two conditions specifying occurred condition or conditions.
Notwithstanding anything contained hereinabove;
Our liability under this Bank Guarantee shall not exceed Rs.100000/- (Rupees One
Lakh only)
Th is Bank Guarantee shall be valid up to ___________
We are liable to pay the guaranteed amount or any part thereof under this Bank
Guarantee only and only if you serve upon us a written claim or demand on or before
___________. After which the Bank shall be discharged from its liabilities.
Date this -------------------- day of ------------------ 2017 at ----------
For and on behalf of -------------------------- Bank.
sd/- -----------------------------------------
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