Enterprise Fraud Risk Management Solution Implementation for Kerala State Cooperative Bank

Work Description - Rfp For Proposals For The Supply, Implementation And Maintenance Of A Centralized Enterprise Fraud Risk Management (efrm) Solution On Opex (saas) Model

The Kerala State Cooperative Bank Ltd. is issuing a Request for Proposal (RFP) for the supply, implementation, and maintenance of a centralized Enterprise Fraud Risk Management (EFRM) Solution. This critical initiative aims to bolster the bank's security and compliance posture through a modern, OPEX-based (SaaS) model. The tender, reference number KBIT/PMU/EFRM/088/2025-26, is an open tender for miscellaneous services and will be conducted online. Key critical dates for interested parties include the document download period commencing on March 2, 2026, at 4:00 PM and concluding on August 11, 2026, at 4:00 PM. Bids can be submitted starting April 30, 2026, at 9:00 AM, with the final submission deadline set for August 11, 2026, at 4:00 PM. The bid opening will take place on August 13, 2026, at 4:00 PM in Thiruvananthapuram. Prospective bidders are required to submit their proposals in three covers, encompassing Pre-Qualification, Technical, and Financial aspects, with specific documents detailed in the tender notice. An Earnest Money Deposit (EMD) of ₹25,00,000 is mandated, and the tender fee is ₹25,295 (inclusive of 18% GST). The contract for the selected solution will be an Item Rate contract, and the proposed work duration is 60 days, with a bid validity of 180 days. A pre-bid meeting is scheduled for March 24, 2026, at 11:00 AM, to be conducted online.