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									      REQUEST FOR PROPOSAL (RFP)
                                   FOR

      APPOINTMENT OF CONSULTANT
                                    FOR

         IMPLEMENTING INTEGRATED
RISK MANAGEMENT SOLUTIONS (IRMS)




                        ALLAHABAD BANK



  CREDIT POICY & RISK MANAGEMENT DEPARTMENT,
                   HEAD OFFICE
             2, N. S. ROAD, KOLKATA – 700 001, INDIA




Price of the tender document: Rs. 15,000/- (Rupees Fifteen Thousands Only)


Ref No.: HO/IRMS/Consultant/2010-11/150                  Dated: 15/09/2010




                                                                             1
                                   OBJECTIVES


ALLAHABAD BANK, founded in 1865, is a leading Public Sector Bank having
its Head Office at 2 N.S. Road, Kolkata. There are 2,286 domestic branches
and one foreign branch as on 31.03.2010. All the branches of the bank are fully
computerised, out of which more than 1000 branches are under Core Banking
Solution (CBS) system and remaining are likely to be brought within CBS net
work by 31.12.2010.


The bank, at present, has one wholly owned subsidiary viz. AllBank Finance
Ltd., one joint venture with Universal Sampo General Insurance Co. Ltd. having
30% stake in the shares. The bank has also Sponsored two Regional Rural
Bank (RRB) viz. Allahabad UP Gramin Bank (H.O. Banda) and Sharda Gramin
Bank (H.O. Satna) with 35% stake in each RRB.


The bank intends to have Consultancy Services, through an open tendering
process, for implementing Integrated Risk Management Solutions (IRMS) in
the bank in tune with the guidelines of RBI & Bank‟s Policy on Risk
Management.


This RFP seeks to appoint an IRMS consultant who has the capability and
experience of providing consultancy services for convergence & smooth
implementation of IRMS in the Banks for assessment of Internal Capital
Adequacy including Risk Profiles under IRMS.




This tender is meant for the exclusive purpose of bidding as per the
terms & conditions and scope of consultancy indicated. It shall not be
transferred, reproduced or otherwise used for purposes other than for
which it is specifically issued.




                                                                                  2
                         TABLE OF CONTENTS


Section   Item No                     Subject                           Page no.

1                   INVITATION FOR BID (IFB)                       5

2                   BACKGROUND                                     7

          1         Introduction                                   7
          2          Scope of Work and Deliverables                7


3                   INSTRUCTION TO BIDDERS (ITB)                   15

          1         Eligibility criteria                           15
          2         Two bid system tender                          15
          3         Non-transferable tender                        16
          4         Terms and conditions                           16
          5         Erasures or alterations                        18
          6         Cost of bidding                                18
          7         Contents of RFP                                18
          8         Clarification of RFP                           18
          9         Pre-bid meeting                                18
          10        Amendment of RFP                               19
          11        Language of bid                                19
          12        Bid validity                                   19
          13        Bid security – Earnest Money Deposit           19
          14        Format and signing of bid                      20
          15        Submission of bid                              20
          16        Deadline for submission of bid                 21
          17        Late bid                                       22
          18        Modification and withdrawal of bid             22
          19        Bid opening                                    22
          20        Clarifications of bid                          23
          21        Preliminary examination                        23
          22        Evaluation of bids                             24
          23        Contacting the Bank                            27
          24        Post qualification                             27
          25        The Bank‟s right                               27
          26        Signing of contract                            28
          27        Project site                                   28
          28        No commitment to accept lowest or any tender   28




                                                                                   3
4        TERMS AND CONDITIONS                             29

    1    Performance security                             29
    2    Time period for completion of assignment         29
    3    Payment terms                                    29
    4    Delay in adhering to the project timelines       29
    5    Indemnity                                        30
    6    Governing language                               30
    7    Applicable law                                   30
    8    Publicity                                        30
    9    Force Majeure                                    30
    10   Bidder‟s integrity                               31
    11   Bidder‟s obligations                             31
    12   Project management                               31
    13   Use of contract documents and information        31
    14   Termination for convenience                      31
    15   Contract amendment                               31
    16   Assignment                                       32
    17   Corrupt or fraudulent practices                  32
    18   Resolution of disputes                           32
    19   Privacy and security safeguards                  32
    20   Arbitration                                      33


5        ANNEXURES                                        34

    1    Bid Form                                         34
    2    Bid Security Form                                35
    3    Bidder‟s Information                             36
    4    Technical Bid                                    38
    4A   Masked Price Bid                                 39
    5    Commercial Bid                                   40
    6    Details of persons who will form the team for    41
         the proposed assignment
    7    Contract Form                                    42
    8    Deed of Indemnity                                43
    9    Letter of Confirmation                           46
    10   Bidder‟s proposed methodology / approach for     47
         providing services to the bank with respect to
         the scope of consultancy work
    11   Certificate of consultants from                  48
         companies/banks
    12   Reference Site Details                           50
    13   Checklist of documents to be submitted           51
    14   Performance Security Form                        52




                                                               4
                                           Section 1

                                 INVITATION FOR BID (IFB)

DATE: 15/09/2010                    REF. NO. : HO/IRMS/Consultant/2010-11/150

1.1      ALLAHABAD BANK intends to have Consultancy Services for developing and
         implementing Integrated Risk Management Solutions (IRMS) Framework which is
         in tune with the guidelines of Reserve Bank of India & Bank‟s Policy on Risk
         Management – to be implemented across all units/branches/departments of the
         bank

1.2      ALLAHABAD BANK invites separate sealed bids, both technical bid and
         commercial bid, from eligible bidders for providing consultancy services to all
         related areas of work for smooth convergence with the Integrated Risk
         Management Solutions (IRMS) for assessment of Internal Capital Adequacy & risk
         profiles under the IRMS.

1.3      A complete set of Request for Proposal (RFP) can be obtained from the following
         address during office hours on all working days either in person or by post on
         submission of a written application along with a non-refundable fee of Rs.15,000
         (Rs 250 extra in case it is to be sent by Courier) in the form of Demand Draft or
         Banker‟s Cheque in favour of Allahabad Bank payable at Kolkata. The bidders
         who purchase the RFP in their names only are eligible for submission of bid.
                General Manager
                Allahabad Bank, Head Office,
                Integrated Risk Management Department,
                2, Netaji Subhas Road,
                Kolkata – 700001 (W.B.)
                India
                Phone No. +91-33 -22319143
                Fax No.     +91-33 –22420860
                Email -       gmcprmd@allahabadbank.in

1.4       Complete set of RFP for the above purpose can also be downloaded from Bank‟s
         official website www.allahabadbank.in.

1.5      The bidder who has downloaded the RFP from the above website, is required to
         submit a non-refundable fee of Rs.15,000 in the form of DD or Banker‟s cheque, in
         favour of Allahabad Bank payable at Kolkata, during office hours within the last
         date and time of submission of bid, failing which the bid of the concerned bidder will
         not be entertained. The hard copy of this document (RFP) procured from the bank
         or downloaded from the official website, will alone be treated as authenticated copy
         for all purposes.

1.6      The Bid Details are as follows:

      1.6.1 Bid reference                                  : HO/IRMS/Consultant/2010-11/150
                                                             dated 15/09/2010

      1.6.2 Price of RFP                                    : Rs 15000/US $300

      1.6.3 Courier Charges                                 : Rs 250/US $5

      1.6.4 Date of commencement of sale of RFP             : 15/09/2010 – 11.00am
                                                                                             5
      1.6.5 Date and time for Pre-Bid Meeting              : 30/09/2010 – 3.00 pm

      1.6.6 Last date and time for sale of RFP             : 15/11/2010 – 11.00 am

      1.6.7 Last date and time for submission of BID       : 15/11/2010 - 3.00 pm

      1.6.8 Date and time of opening Technical Bids        : 15/11/2010 – 4.00 pm

      1.6.9 Date of opening Commercial Bids                : To be notified later

      1.6.10 Place of opening of Bids         : Allahabad Bank,
                                              : Head Office,
                                              : Integrated Risk Management
                                                  Department.,
                                              : 2, Netaji Subhas Road,
                                              : Kolkata-700 001, (W.B.), India

      1.6.11 Address for communication      : As above
                                     Tel    : +91-33-22319143
                                      Fax : +91-33-22420860
                                      e-mail: gmcprmd@allahabadbank.in

1.7      All bids (Technical & Commercial) must be submitted at the same time giving full
         particulars in separate sealed envelopes at the bank‟s address within the time
         period specified above.

1.8      All bids must be accompanied by a bid security as specified in the RFP and must
         be delivered during office hours at the above address on or before specified date
         and time indicated above.

1.9      Technical Bids will be opened in the presence of the bidders‟ representatives, who
         choose to attend Technical Bid Opening on the specified date and time. Technically
         qualified bids will be taken up for further processing. After technical evaluation of
         the bids, the Commercial Bids of qualified bidders will be opened in the presence of
         the technically qualified bidders‟ representatives on separate date and time which
         will be notified separately.

1.10     No further discussion/interface will be entertained with bidders whose bids have
         been technically disqualified.

1.11     Non attendance at the Bid opening time will not be a cause for disqualification of a
         bidder.

1.12     The Bank reserves the right to accept or reject in part or full any or all the offers
         without assigning any reasons whatsoever.

1.13     Interested bidders may obtain further information from Allahabad Bank, Head
         Office, Integrated Risk Management Department, 2, Netaji Subhas Road, Kolkata-
         700001, (W.B.), India.

                                                            General Manager

                                                                   (IRM)
                                                               Allahabad Bank

                                                                                            6
                                               Section 2


                                             BACKGROUND

1.     Introduction

1.1     Our bank has a credit grading framework for risk grading of various categories of borrowers
        and has formulated comprehensive Credit Risk Management Policy and various other
        policies to provide necessary guidelines / control measures in the matter of risk assessment.
1.2     As per the guidelines of Reserve Bank of India, the bank is following BIA for Operational
        Risk & Standardised Approach for Market & Credit Risk for the purpose of Capital
        Adequacy. The Reserve Bank of India has suggested the Banks to adopt guidelines
        for assessment of Internal Capital Adequacy and assessment of Risk Profiles with
        effect from 31.3.2012. Accordingly bank intends to shift to these guidelines and for
        this purpose the bank shall be implementing the IRMS.
1.3     The implementation of IRMS will be based on the guidelines issued by the RBI and
        Bank‟s Policy on Risk Management.
1.4     Allahabad Bank, a body corporate constituted under the Banking Companies
        (Acquisition and Transfer of Undertaking) Act, 1970 and having its Head Office at 2,
        Netaji Subhas Road, Kolkata – 700 001 hereinafter referred to as “the Bank”, which
        term or expression unless excluded by or repugnant to the context or the meaning
        thereof, shall be deemed to include its successors and permitted assigns, intends to
        issue this bid document, hereinafter called Request for Proposal or RFP, to have
        Consultancy Services towards implementation of IRMS for preparing its financial
        statements as per the scope of consultancy, terms and conditions defined in this
        RFP.
1.5     This tender is meant for the exclusive purpose of bidding as per the terms &
        conditions and consultancy requirement indicated. It shall not be transferred,
        reproduced or otherwise used for purposes other than for which it is specifically
        issued.
1.6     The RFP for all intents and purposes is final. However Bank reserves the right to
        bring about any changes in requirements/scopes and the same will be
        communicated to the bidders well in advance so as to allow the bidders sufficient
        time to prepare their proposal.

2.    SCOPE OF WORK.
      Broad Objectives

      2.1 Bank wants to enhance /strengthen existing Risk Management system, Policies,
      Procedures, Processes, MIS & Analytics etc.
      2.2 Bank want to migrate to the advanced approaches of BASEL II for Credit, Market
      & Operational Risk as per RBI prescribed timelines:
         a)     The consultant needs to assess the bank‟s preparedness and adequacy or
                otherwise of existing in terms of:
                   Policies
                   Procedures
                   Risk IT Infrastructure
                                                                                                   7
         Governance Structure
         Data quality & availability
         Risk measurement methodologies
         Risk mitigation strategies
         Capital calculation methodologies
         Reporting framework and disclosure made
b)    Suggest suitable modifications and improvement for validation and
      internal/external audit and also assist in preparation of internal manual.
2.3 Bank wants the consultant to evaluate the various risk management solutions
currently in the use in the bank, assess the need for integration of the same for risk
aggregation and suggest improvements for its business in India and overseas.
2.4 Evaluation of existing software and suggest up gradation to provide guidance
for selection of solution provider and prepare an RFP for any new software solution
that need to be procured in the risk area.
2.5 Assess the gaps within the existing ALM software and suggest the steps
required in terms of the RBI draft guidelines and any revised guidelines
2.6 Enhance existing ALM framework beyond regulatory reporting and assist in
product pricing, balance sheet planning and management decision making.
2.7 Identify and impart the training needs and methodologies for enhancing
employee skill sets for risk measurement, risk analytics and risk modelling.
2.8 Review the existing compliance function in the bank, perform a gap analysis
vis-à-vis RBI guidelines and industry best practices and suggest improvements.
2.9 To guide the bank in implementation of guidelines issued by Reserve Bank of
India or any other authority or modifications of previous guidelines during the
course of the terms of consultancy.
2.10 Review the existing stress testing framework, assess the gaps in existing
stress testing and assist/ guide the bank for their improvements, matching with the
industry best practices. In this context stress test cover both sensitivity and
scenario analysis
2.11 Taking appropriate steps for filing an application with RBI for getting its
approval for Advanced approaches under various Risk profiles.
2.12 Assist in preparing draft risk management manual for framing Policies,
Procedures, Model parameters, Internal/external evaluation, validation and audit.
2.13 Review the existing software of the bank and assess the gap therein for
calculation of Market Risk, Credit Risk and Operational Risk under IMA/ASA and
AMA and also help the bank in correcting these gaps with the consultation of
Vendor.
2.14 Prepare an RFP to acquire a suitable solution for Market Risk, Credit Risk
and Operational Risk, if needed.
3. Basic Study - Internal Capital Adequacy Assessment Process (ICAAP)
3.1 The consultant will conduct a study of our existing software to assess the gap
in current policies and procedures in implementation of BASEL II/ RBI guidelines
related to ICAAP and provide a detailed report with the solutions/suggestions.


                                                                                    8
3.2 The consultant will identify the data source system, which contain the data
required for implementation of advanced approaches under BASEL II.
3.3   Prioritize the work steps required to implement the Advanced Approaches
under BASEL II.


4..1     CREDIT RISK – BASEL II IRB Approach
 4.1.1 Review the existing rating structure/ scoring framework in the bank both for
retail and non retail and suggest modifications/ improvement and also suggest new
models wherever necessary.
4.1.2    Documentation of rating system including methodologies, parameter
estimation, calibration including model validation
4.1.3      Gap Analysis – Evaluate the preparedness for moving over to IRB
approach, identify the gap and suggest methods to bridge the gap.
4.1.4 Assist in ensuring compliance to minimum requirements for both FIRB and
AIRB approaches.
4.1.5 Review the data captured by the bank for estimation of key BASEL II
parameters (PD, LGD, EAD-M) vis-à-vis BASEL II requirements. Guide and
introduce a system for data capturing where data is currently not captured.
4.1.6    Grouping the asset portfolio of the bank into various asset classes as
prescribed by BASEL II, IRB approach.
4.1.7      Map asset classes/subclasses to Approach type (Standardised/IRB etc)
by a defined rule as per BASEL II/RBI guidelines
4.1.8     Suggest methods for identification of retail pool as per BASEL II/RBI
guidelines and assist the bank to segment its retail portfolio into homogenous pool
that would differentiate default and estimate PD, LGD, EAD for each pool
4.1.9       Portfolio modelling.
4.1.10      Methodology for back testing of retail scoring model
4.1.11      Development of new scoring models wherever required.
4.1.12   Estimation of PD, LGD & CCF corresponding to each Rating class, Asset
class & Retail pool.
4.1.13      Establish and introduce a system of validation and back testing
4.1.14      Framework/ models for country risk exposure
4.1.15   Providing minimum credit standards for assessing all off balance sheet
exposures
4.1.16      Review the credit risk mitigation framework in the bank
4.1.17         Identify and suggest methods for credit risk mitigation under IRB
approach.
4.1.18      Evolve a methodology for computing haircuts, maturity mismatch,
currency mismatch etc
4.1.19     Identify the information requirements for the advanced approaches of all
risk areas



                                                                                 9
4.1.20.      Credit Analytics
Create a framework and enable Risk Modelling (PD, LGD, EAD, VAR), volatility
and correlation computation, compliance to securitisation requirements as indicated
in BASEL II as & when bank undertakes securitisation deals


4.1.21.       Overseas Business
4.1.21.1 Evaluating existing credit rating models and suggest improvements
4.1.21.2   Validation of internal rating models for the existing/ new overseas
branch(es)
4.1.21.3     Assist in dealing with cross border issues and home & host regulatory
issues.
4.1.21.4 Evaluate & suggest framework / models for measuring and managing
countyy risk exposures.


4.2.       Market Risk
4.2.1   Conduct a detailed gap analysis of the bank‟s current market risk
management practices, procedures, policy, audit and systems vis-à-vis requirement
under IMA
4.2.2   Review and validation of VaR model in terms of RBI/ BASEL II guidelines.
This covers entire scope of VaR i.e.
             - Selection of model
             - Adequacy & accuracy of the model/ software
             - Back testing
             - Stress testing
             - Entire process of validation
             - Computation of portfolio VaR and risk aggregation
             - Obtaining approval from RBI to migrate to IMA
4.2.3 Suggest improvement/ modifications in the techniques, analysis and
monitoring/ reporting structure to align with the requirements of IMA
4.2.4 Treatment & integration of specific and incremental risk in addition to VaR
model
4.2.5      Assist in deciding the parameters for limit setting process
4.2.6 Also help the bank in strengthening its Mid Office related function
4.2.7    Suggest suitable reports for placing the MIS reports before top
Management at daily / periodicals intervals
4.2.8     Preparation of MRM Dossier in terms of RBI guidelines.
4.2.9 Assist in developing the system in such a way that the market risk capital
charge under the IMA can be calculated at the close of business every day.
4.2.10 Develop policies/ framework to conduct stress testing/ scenario analysis.
4.2.11 Review the risk reporting mechanism and control/ mitigating strategies and
suggest modifications.

                                                                                   10
4.2.12 Prepare an RFP to acquire a suitable solution for market risk.
4.3.     Operational Risk
4.3.1 Conduct a gap analysis of existing policies, processes, systems, data etc for
operational risk via-a-vis the requirements for advanced approaches
4.3.2      Develop a better OR framework in the bank
4.3.3     Develop/integrate the existing process/system/policies for AML/ KYC/ CMS/
          HRM & Review and refine the existing New Product approval system,
          process and reporting format
4.3.4      Develop framework for operational risk measurement for TSA, ASA & AMA
4.3.5      Develop KRI policy / methodology and proper reporting structure for KRIs
4.3.6    Develop risk Control Self Assessment (RCSA) Policy / methodology for
business and non business areas and implement the same.
4.3.7 Methodologies to integrate KRI, RCSA and Loss Data for capital charge
estimation
4.3.8 Assess the bank‟s current methodology for measurement and management
of ancillary risks such as:
       - People Risk
       - System Risk
       - Process Risk
       - Legal Risk
       - Outsourcing Risk
       - Fraud Risk
4.3.9     Risk in alternate delivery channels and payment and settlement system etc.
and suggest suitable modifications
4.3.10 Develop policies/ framework to conduct stress testing/ scenario analysis
4.3.11 Review the risk reporting mechanism and control/ mitigating strategies and
suggest modifications
4.3.12    Review the operational risk assessment requirements of Overseas
branches to comply with the regulations of the Host/ Home country
4.3.13     Prepare an RFP to acquire a suitable solution for operational risk
4.3.14 Assist in selection of software for capital calculation and guide in its
implementation
4.3.15 Suggest ways to assess IT risk and IT related security and controls on a
regular basis
4.3.16 Suggest method for measuring and monitoring the risk of alternate delivery
channels & payment system
4.4.      Loss Event Management Framework
Development of loss event management framework to capture and analyse loss
events, potential loss events and near miss events. The framework shall include but
not limited to review the existing data on Operational Risk loss and suggest
modifications based on requirements of advanced approaches.
                                                                                      11
4.5.    Risk Based Audit
Review the framework for leveraging existing risk based audit machinery in ORM
and integration of ORM and audit.


4.6.    Mapping System
Review the existing system for mapping income into different business lines and
suggest improvements


5.       Risk Weighted Assets (RWA) Computation
5.1     Review the data captured currently for RWA computation vis-à-vis
requirements under Advanced approaches.
5.2 Prepare an RFP to acquire a suitable solution for risk capital as per advanced
approaches for all risk areas.
5.3 Assist in selection of software for capital calculation and guide in its
implementation.


6.     Pillar 2 requirements
6.1 Evaluation of bank‟s measurement and management strategy for Pillar 2 risks
such as credit concentration risk, IRRBB, Liquidity Risk, Reputation Risk, Strategic
Risk etc and suggest suitable modifications
6.2 Review the stress testing framework of the bank, suggest enhancements and
enable creation of forward looking stress testing scenarios
6.3      Assist and enable back testing and scenario analysis.
6.4 Review the existing ICAAP framework of the bank and suggest improvements/
modifications especially with respect to definition of risk appetite, assessment of
material risks, computation of risk aggregation and arriving at diversification benefits
6.5      Assist and enable economic capital computation
6.6     Identify & suggest for interpreting the results and action to be taken under
Pillar 2


7.      Pillar 3 Disclosure aspects
7.1     Compliance to disclosure standards as per Advanced approaches of BASEL
II / RBI guidelines
7.2    Evaluation of Pillar 3 disclosures made by the bank and suggesting suitable
modification
7.3 Fine tune the disclosure policy and enable an environment for automating the
process of generation of Pillar 3 disclosures


8.      Capital Planning & Capital allocation
8.1 Evaluate the capital planning process in the bank and arrive at holistic design
for capital planning and budgeting based on the envisaged risk environment.
                                                                                     12
8.2   Method/framework to compute credit VaR, operational risk VaR and Market
VaR. Framework for allocation of capital and risk aggregation.
8.3 Enable the bank to move over to RAROC and EVA. Assist in risk return
analysis and risk adjusted performance measurement at account level/ portfolio
level/ each business unit level etc.
8.4   Consultant to help the bank integrate risk and performance management
which would help promote growth and profitability and also help in preparation of
Transfer Pricing mechanism in the bank.
8.5      Consultant to help bank measure and meet risk adjusted performance
objectives, price products to reflect their true risk and monitor possible threats to
liquidity and capital adequacy
8.6    Evaluate the risk MIS currently available and suggest enhancements.
8.7    Review the reporting mechanism and help in designing intuitive dashboards
covering various risk areas.


9      Risk Management Policies and Processes
9.1 Suggest ways to refine/ improve all existing risk management policies and
processes and frame new policies and processes
9.2 Suggest method to develop new reporting frame work for all policies and
software solutions for implementing the same.
9.3   Framework of risk profiling of branches/ZOs/FGMs and bank as a whole
covering all risk areas.
10.    Group Consolidation
Suggest framework for the group related entities (Subsidiaries, Joint Ventures,
Insurance Business, Overseas Establishments etc) as per BASEL II / RBI
guidelines


11.     Corporate Governance Structure
Suggest suitable framework for corporate governance standard as per BASEL II
guidelines/industry best practices


12.     Compliance
12.1     Review the existing compliance framework/ set up vis-à-vis regulatory/
statutory requirement and suggest modifications/ improvements at par with industry
standards
12.2    Review the reporting mechanism and suggest modification/ improvements
12.3    Assess the need for system and manpower support for compliance function
12.4 Assist the bank in validation of bank‟s models/modules for computation of
capital under various risk areas in terms of RBI guidelines and also in finalisation of
these models/modules and documentation.




                                                                                    13
      13.    Training Requirements
      13.1 Suggest training requirements for officers in the risk management across the
           bank
      13.2   Specific training for enhancing the skill sets for following
                - Validation of rating models
                - Risk modelling
                - Quantitative Risk Analytics
                - Measurement of non quantifiable risk areas
                - Market Risk and ALM
                - Operational Risk Areas (RCSA, KRIs, Loss Data Management,
                  Scenario Analysis, AMA methodology etc)


14.     Strengthening of MIS
  14.1       Methods to improve the existing MIS through gap analysis and cover all risk
             areas
  14.2       Design dashboards for capturing various risk areas.




                                                                                     14
                                           Section 3

                             INSTRUCTION TO BIDDERS (ITB)

1      ELIGIBILITY CRITERIA

The bidders must fulfill following eligibility criteria:

 Sl.               Eligibility Criteria            Documents to be enclosed
No.
1.   The bidder must be either a registered Copy           of    certificate of
     partnership firm or a limited company having incorporation/registration
     its own establishment in India
2.    The bidder should have been in the            Supported by information on
      business of consulting in India at least for  consulting      and   auditing
      three years as on 31st March 2010 (in case    business in India, viz., Copy
      of mergers / acquisition / restructuring or   of Audited Annual report,
      name change, the date of establishment of     Certificate of commencement
      earlier / original partnership firm / limited of                   business,
      company can be taken into consideration).     Assignment/Order       letters,
                                                    client references or any other
                                                    proof.
3.    The bidder should have been awarded Client                references      for
      contract for implementation of IRMS by at successfully            completed
      least two (2) banks/financial institutions in assignments.
      India or abroad and one bank in India or
      abroad

4.    The bidder should be profit making Audited Financial Statements
      consistently for the last two years with for the year ended 31st
      turnover relating to consultancy and audit of March 2010.
      at least Rs.25 crore in the last financial year
      ended March 31,2010.

5.    The bidder should have at least twenty five          a) List of professionals and
      (25)       professionals     with   relevant         their bio-data as per the
      qualifications like Software Engineer/               format attached.
      MTech/MCA/OR specialist permanently
      employed by them. These professionals                b) Undertaking from the
      should have requisite experience in relevant         bidder stating that these
      fields for at least 2 years.                         professionals are their full
                                                           time employees on their
                                                           payroll.



2      TWO BID SYSTEM TENDER
       2.1 Separate Technical & Commercial Bids in duplicate duly sealed and
           super-scribed „Quotation for IRMS Consultant - Technical Bid‟ and
           „Quotation for IRMS Consultant - Commercial Bid‟ shall be submitted as
           per bid details given in the RFP.
                                                                                          15
2.2   The bidder has also to submit a soft copy of the complete technical bid in
      Open Office format on a CD super-scribing “Soft Copy of Technical Bid
      against RFP– HO/IRMS/Consultant/2010-11/150            dated 03/09/2010”
      along with the technical bid. The bidder is not required to furnish the soft
      copy of the commercial bid.
2.3   While submitting the bid, the bidder should ensure that papers are
      submitted properly, duly typed or printed and neatly filed.
2.4   The tender not submitted in the prescribed format or incomplete in any
      respect is liable for rejection. The Bank is not responsible for non receipt
      of bid within the specified date and time due to any reason including
      postal delays or Holidays.


2.5   ENVELOPE –I (TECHNICAL OFFER)
      2.5.1 The technical bid will be evaluated for technical suitability as well
            as for other terms and conditions.
      2.5.2 All the formats need to be filled in exactly as per the pro-forma
            given in the Annexures and any deviation is likely to cause
            rejection of the bid.
      2.5.3 The Bank shall not allow/permit changes in the technical
            specifications once it is submitted.
      2.5.4 The offer may not be evaluated by the Bank in case of non
            adherence to the format or partial submission of technical details
            as per the format given in the RFP.
      2.5.5 Non submission or partial submission of the information along with
            the offer could result in disqualification of the bid of the concerned
            bidder.
      2.5.6 The Technical Bid must not contain any price information.
      2.5.7 The Technical Bid shall comprise of
      (i)       Covering letter in Company‟s letter head duly signed by authorized
                signatory with name, title and seal (Copy of                Power of
                attorney to be submitted)
       (ii)     Table of Contents (List of documents enclosed)
       (iii)    Bid Form (Annexure-1)
       (iv)     Bid security (Annexure- 2)
       (v)      Bidder Firm‟s Profile along with documentary evidence of IRMS
                services offered and all relevant enclosures as detailed in
                (Annexure-3)
       (vi)     Technical Bid ( Annexure- 4)
       (vii)     Masked Price bid i.e., Break-up of price quoted including
                assumptions in (Annexure- 4A)
       (viii)   List and CVs of the proposed key professional staff duly signed by
                them and the authorized representative submitting the
                proposal(Annexure- 6)
       (ix)     Duly signed authority letter by the competent authority of the firm,
                authorizing the executant to sign the bid on behalf of the firm.
       (x)      Letter of Confirmation (Annexure-9)
       (xi)     Bidder‟s proposed methodology/approach for providing services to
                the bank with respect to the scope of consultancy work (Annexure-
                                                                                 16
                    10)
            (xii)   Certificate of Consultations from Banks/Financial Institutions
                    (Annexure-11)
            (xiii)  Reference Site Details (Annexure-12)
            (xiv)   Balance sheet of last three financial years
            (xv)    A true copy of Registration certificate & list of offices in India (For
                    Company)
            (xvi)   Other documents / information as requested in this RFP
            (xvii) Any additional information including assumptions that the
                    Consultant team may think fit but not included elsewhere in the
                    proposal, which will help the bank to assess the capabilities of the
                    consultant.
            (xviii) Checklist of documents (Annexure-13)

      2.5.8 The bidder will also submit copy of the RFP duly stamped and signed on
            each page by the authorized official of the bidder‟s company.

2.6         ENVELOPE-II (COMMERCIAL OFFER)
            2.6    The suggested format for submission of Commercial bid is as
                   follows :
                   i.Covering Letter in Company‟s letter head duly signed by
                     authorized signatory with name, title and seal.
                  ii.The Professional Fees / Price for the Consultancy Services for
                     the Scope of services defined in this RFP. To be submitted as per
                     Commercial bid format. (Annexure-11)
            2.6    Price must be quoted in Indian Rupees only.
            2.6    The commercial bid shall be on a fixed price basis. The price must
                   include all costs, taxes and levies excluding Service Tax. The
                   Service tax shall also include applicable surcharge/cess on service
                   tax, if any. No price variation other than Service Tax will be
                   permitted.
            2.6    The Commercial Bid should give all relevant price information and
                   should not contradict the Technical Bid in any manner.
            2.6    It is absolutely essential for the bidders to quote the lowest price
                   for the services in their own interest.


3           NON-TRANSFERABLE TENDER

            This tender document is not transferable. Only the bidder, who has
            purchased this tender in its name or submitted the necessary RFP price
            (for downloaded RFP) will be eligible for participation in the evaluation
            process.

4           TERMS AND CONDITIONS

            Terms and conditions for bidders who participate in the tender are
            specified in the section called “Terms and Conditions”. These terms and
            conditions will be binding on all the bidders and will also form a part of the


                                                                                        17
              contract, to be signed with the successful bidder on the outcome of this
              tender process.




5             ERASURES OR ALTERATIONS

              The offers containing unauthenticated erasures or alterations will not be
              considered. Therefore, there should be no unauthenticated hand written
              material, corrections or alterations in the offer. If such unauthenticated
              erasures or alterations are present these should be initialled by the
              person or persons authorized for signing the bid. Any deviation may lead
              to the rejection of the bid.

6     COST OF BIDDING:

              The Bidder shall bear all costs associated with the preparation and
              submission of its bid and the Bank will in no case be responsible or liable
              for these costs, regardless of the conduct or outcome of the bidding
              process.

7     CONTENTS OF RFP:

      7.1       The requirements, bidding procedures and contract terms are
                prescribed in the RFP. The RFP includes:

              a)     Invitation for Bid (IFB)
              b)     Background (including scope of consultancy work)
              c)     Instruction to Bidders (ITB)
              d)     Terms & Conditions
              e)     Annexures

    7.2          The Bidder is expected to examine all instructions, annexures, scope of
          the consultancy services, terms and conditions etc. in the Bidding Documents.
          Failure to furnish all information required by the RFP or submission of a bid
          not substantially responsive to the RFP in any aspect will be at the Bidder‟s
          risk and may result in the rejection of its bid.

8     CLARIFICATION OF RFP:

      A prospective bidder requiring any clarification of the RFP may notify the Bank
      in writing, by fax/e-mail at the Bank‟s mailing address indicated in the Invitation
      For Bid (IFB). The Bank will respond in writing to any request for clarification of
      the RFP which it receives prior to the date of Pre-Bid Meeting.


9     PRE-BID MEETING

      9.1        The prospective bidders, who have purchased a copy of the RFP or
                submitted the bid price(for downloaded RFP), shall be permitted to
                attend a pre-bid meeting to be held as indicated in the Invitations for
                Bids after publication of RFP and well before the last date for receipt of
                                                                                       18
              bids. Up to a maximum of 2 (two) representatives of each prospective
              bidder will be permitted to attend the pre-bid meeting. However the
              Bank, at its discretion, may permit any additional representative of any
              prospective bidder to attend the pre-bid meeting.
       9.2           The purpose of the meeting is to clarify issues and to answer
              questions on any matter that may be raised up to that stage. The
              issues/questions to be raised must be in writing. The Bank will have
              liberty to invite any outside agency, wherever necessary, to be present
              in the pre-bid meeting to reply to the technical queries of the bidders in
              the meeting.
       9.3           Any modification of the RFP, which may become necessary as a
              result of the Pre-bid Meeting, shall be made by the Bank exclusively
              through the issue of an Addendum and will be sent to all prospective
              bidders who have purchased the RFP, allowing at least 4 days time
              prior to the last date for receipt of bids.
       9.4           Non-attendance at the Pre-bid Meeting will not be a cause for
              disqualification of a bidder.

10     AMENDMENT OF RFP:

       10.1 At any time prior to the deadline for submission of bids, the Bank, for any
            reason, whether at its own initiative or in response to a clarification
            requested by a prospective Bidder, may modify the RFP          by
            amendment.
       10.2 All prospective Bidders who have purchased the RFP will be notified of
            the amendment in writing or by fax or e-mail or through addendum and
            will be binding on them.
       10.3 In order to afford prospective Bidders reasonable time in which to take
            the amendment into account in preparing their bid, The Bank, at its
            discretion, may extend the deadline for the submission of bid.
       10.4 Bank will modify the „scope of work‟ and „payment terms‟ of this RFP, if
            the deadline for adopting IRMS in India is deferred.

11     LANGUAGE OF BID:

             The bid prepared by the Bidder, all correspondence and documents
             relating to the bid exchanged by the Bidder & the Bank shall be written in
             English.

12     BID VALIDITY :

             Bid shall remain valid for 180 days from the date of opening of
       Technical Bid.

13     BID SECURITY – EARNEST MONEY DEPOSIT

     13.1      The bidder shall furnish as part of its bid, bid security of Rs.
               15,00,000/- (Rupees Fifteen Lacs only)

     13.2      The bid security is required to protect the Bank against risk of
               bidder‟s conduct during the period of bid validity.



                                                                                     19
     13.3       The bid security shall be denominated in INDIAN RUPEES only           and
         shall be in any one of the following forms.

             13.3.1    A bank guarantee issued by a Scheduled Indian Bank or a
                       Foreign bank located in India in the Form(Annexure-2) provided
                       in the RFP and valid for forty five (45) days beyond the validity of
                       the bid; or

             13.3.2     A Demand Draft or Pay Order issued in favour of “Allahabad
                       Bank” and payable at Kolkata.

     13.4       Any bid not secured in accordance with ITB Clause-13.1 and 13.3
               above will be rejected by the Bank as non-responsive.

     13.5       The bid security will have to be submitted for a period of (180+45) days.
                A bid security valid for a shorter period shall be rejected by the Bank as
                non responsive.

     13.6      The bid security may be forfeited if a Bidder withdraws its bid during the
               period of bid validity specified by the Bidder on the Bid Form.


     13.7      The bid security of the     unsuccessful bidders will be returned after
               completion of the process, whereas       the bid security of the finally
               selected bidder will be returned after submission of the Performance
               security.

     13.8      In exceptional circumstances, the Bank may solicit the Bidders‟ consent
               to an extension of the period of bid validity. The request and the
               responses thereto shall be made in writing or by fax/email. The bid
               security provided under ITB Clause-13 shall also be suitably extended. A
               bidder acceding to the request will neither be required         nor      be
               permitted to modify its bid. A bidder may refuse the request without
               forfeiting its bid security. In any case the bid security of the bidders will
               be returned after the completion of the process.

14      FORMAT AND SIGNING OF BID:

        14.1     The Bidder shall prepare two copies each of the Technical &
               Commercial bid clearly marking each “Original Bid” and “Copy Bid” as
               appropriate. In the event of any discrepancy between them, the original
               shall govern. Original copy of bid security should be submitted with
               the Original Bid.

         14.2 The original and all copies of the bid shall be typed or written in indelible
              ink and shall be signed by the Bidder or a person or persons duly
              authorised to bind the Bidder to the Contract. All pages       of the Bid
              except for un-amended printed literature shall be numbered serially and
              initialed by the person or persons signing the bid.

        14.3    The bid shall contain no interlineations, erasures or overwriting except
               as necessary to correct errors made by the bidder, in which case such
               corrections shall be initialed by the person or persons signing the bid.
                                                                                         20
15   SUBMISSION OF BID

     15.1    The Bidders shall seal the original and copy bids separately.

            15.1.1 Thus there will be 2 outer envelopes named as Original Bid and
                   Copy Bid.
            15.1.2 Original Bid packet should contain 2 separate sealed envelopes
                   one containing “Quotation for IRMS Consultant - Technical Bid-
                   ORIGINAL” as per ITB clause 2.5 and another “Quotation for
                   IRMS Consultant - Commercial Bid-ORIGINAL” as per ITB clause
                   2.6. Original Bid Security should be submitted in the envelope of
                   Technical Bid - Original.

            15.1.3 Copy Bid packet should contain 2 separate sealed envelopes one
                   containing “Quotation for IRMS Consultant - Technical Bid-
                   COPY” as per ITB clause 2.5 and another “Quotation for IRMS
                   Consultant - Commercial Bid-COPY” as per ITB clause 2.6. A
                   photocopy of the bid security should be submitted in the envelope
                   of Technical Bid – Copy.

     15.2     The two Outer envelopes for each Pack marked as “ORIGINAL BID”
              and “COPY BID” shall be duly marked as “DO NOT OPEN BEFORE
            03/10/2010”.
     15.3    In addition to the above marking, each envelope must be super-
             scribed with the following information:
            a) RFP Reference Number
            b) Quotations for IRMS Consultant.
            c) Name and Address of Bidder

      This will enable the Bank to return the bid unopened in case it is declared
      unacceptable for any reason whatsoever.
     15.4 All the inner and outer envelopes shall be addressed to The Bank at
      the address given below:

             The GENERAL MANAGER (IRM)
             Allahabad Bank, Head Office,
             Integrated Risk Management Department,
             2, Netaji Subhas Road
             Kolkata- 700 001, India

     15.5 If the outer envelopes are not sealed and marked as required by ITB
      Clause-15.1, the Bank will assume no responsibility for the bid‟s
      misplacement or premature opening.
     15.6     If any inner envelope is found to contain both technical and commercial
            bids, then that bid will be rejected summarily. If any outer envelope is
            found to contain only the Technical Bid or Commercial bid, it will be
            treated as incomplete and will be liable for rejection.
     15.7 Bids submitted through Telex, Cable, Facsimile or E-mail will be
      rejected.

                                                                                  21
16   DEADLINE FOR SUBMISSION OF BID

     Bids must be received by the Bank at the address specified under ITB Clause
     15.4 and not later than the time and date specified in the IFB. In the event of the
     specified date for the submission of Bids being declared a holiday for the Bank,
     the bids will be received up to the declared time on the next working day.

     The Bank may, at its discretion, extend the deadline for submission of Bids by
     amending the RFP in accordance with ITB Clause-10, in which case all rights
     and obligations of the Bank and Bidders previously subject to the deadline will
     thereafter be subject to the deadline as extended.



17   LATE BID

     Any bid received by the Bank after the deadline for submission of bids
     prescribed by the Bank will be rejected and returned unopened to the Bidder.

18   MODIFICATION AND WITHDRAWAL OF BID

     The Bidder may modify or withdraw its bid after the bid‟s submission, provided
     that written notice of the modification including substitution or withdrawal of the
     bids is received by the Bank prior to the deadline prescribed for submission of
     bids.

     The Bidder‟s modification or withdrawal notice shall be prepared, sealed,
     marked and dispatched in accordance with the provisions of ITB Clause –15. A
     withdrawal notice may also be sent by fax/e-mail but followed by a signed
     confirmation copy, postmarked not later than the deadline for submission of
     bids.

     No bid may be modified subsequent to the deadline for submission of Bids

     No bid may be withdrawn in the interval between the deadline for submission of
     bids and the expiry of the period of Bid validity specified by the Bidder on the
     Bid Form. Withdrawal of the bid during this interval may result in forfeiture of
     Bid security, pursuant to ITB Clause – 13.6.

19   BID OPENING

     19.1    The Bank will open only the Technical Bids as per the schedule
             mentioned in IFB. The Commercial bids of only technically qualified
             bidders will be opened on a later date subsequent to the technical
             evaluation. The Bank will notify the date and time of opening of the
             Commercial bids to the technically qualified bidders.

     19.2     Attendance of all the authorized representatives of the bidders who are
             present at Bid Opening will be taken in a register against name, name of
             the company and with full signature.

     19.3    Each Bid will be numbered serially, signed and dated by the three
            Officers of the Bank except printed literature, brochure and reports.
                                                                                     22
     19.4        The following details will be announced at the bid opening:

            a)        Bidder‟s names,
            b)        Bid Modifications or withdrawals,
            c)        Technical Details (in case of Technical bid opening),
            d)        Bid Prices & Discounts if any (in case of Commercial bid
                      opening),
            e)        Presence or absence of Bid Security (in case of Technical bid
                      opening) and such other details as the Bank, at its discretion, may
                      consider appropriate.


     19.5 Alterations in the bids, if any, made by the bidder / companies would be
          signed legibly to make it perfectly clear that such alterations were present
          on the bids at the time of opening. It would be ensured that alterations
          are signed by the bidder/company‟s executive who has signed the bid or
          by the bidder/company‟s representative authorised by the executive who
          has signed the bid.

     19.6     Wherever any erasing or cutting is observed, the substituted words
            would be encircled and initialed by the bank officer singly and the fact
            that such erasing / cutting of the original entry were present on the bid at
            the time of opening shall be recorded.

     19.7 An “on the spot statement” giving details of the bids opened and other
      particulars as read out during the opening of the bids will be prepared which
      will then be signed by all the bidders/representatives and bank officers present
      at the time of opening of bids.

     19.8 Bids (and modifications sent pursuant to ITB Clause-18) that are not
          opened and read out at Bid opening shall not be considered further for
          evaluation, irrespective of the circumstances. Such Bids will be returned
          unopened to the Bidders.

     19.9 Commercial bids of those bidders who have not been technically
          qualified will be returned unopened to the concerned bidders at their
          recorded address.

20   CLARIFICATIONS OF BID

     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 request
     for clarification and the response shall be in writing and no change in the price
     or substance of the bid shall be sought, offered or permitted.


21   PRELIMINARY EXAMINATION

     21.1        The Bank will examine the bids to determine whether they are
                 complete, whether any computational errors have been made,
                 whether required sureties have been furnished, whether the
                 documents
                                                                                       23
               have been properly signed and whether the bids are generally in order.

        21.2     Arithmetical errors if any will be rectified on the following basis.

         21.2.1 If there is discrepancy between the unit price and the total price that is
                obtained by multiplying the unit price and quantity, the unit price shall
                prevail and the total price shall be corrected.

         21.2.2 If there is a discrepancy between words and figures, the amount in
                words will prevail.

         21.2.3 If the bidder does not accept the correction of errors as per ITB clause
                21.2.1 & ITB Clause 21.2.2, its bid will be rejected.

        21.3 The Bank, at its discretion, may waive any minor informality,
             nonconformity or irregularity in a Bid, which does not prejudice or affect
             the relative ranking of any Bidder. This shall be binding on all bidders and
             the Bank reserves the rights for such waivers.

        21.4 Prior to the detailed evaluation, pursuant to ITB Clause-22, the Bank will
             determine the substantial responsiveness of each bid to the RFP.        For
             purposes of these clauses, a substantially responsive bid is one, which
             conforms to all the terms & conditions of the RFP without material
             deviations. Deviations form or objections or reservations to critical
             provisions such as those concerning Bid Security, Performance Security,
             Force Majeure, Applicable Law and Taxes & Duties will be deemed to be
             material deviation. The Bank‟s determination of a Bid‟s responsiveness is
             to be based on the contents of the Bid itself without recourse to extrinsic
             evidence.
        21.5    If a Bid is not substantially responsive, it will be rejected by the Bank
               and may not subsequently be made responsive by the bidder by
               correction of the non-conformity.

22      EVALUATION OF BIDS
        22.1 The Bank will evaluate / scrutinize and compare the bids, which have
         been determined to be substantially responsive, pursuant to ITB Clause-21.

        22.2     EVALUATION OF TECHNICAL BIDS
               Technical bids will be subjected to following evaluation process. The
               bidders will be required to give a presentation to the Bank for technical
               evaluation.

        22.3     Criterion for evaluation of Technical bids:
               The breakup for overall evaluation criteria is as follows:

  Sl.                                  Major areas                                   Marks
 No
 1      Experience:                                                                  15%
 1.1.   Experience of the consultant                                                  5%
        having experience in risk management consultancy services-above 10 years       5
        having experience in risk management consultancy services- above 7 years &     4
        upto 10 years

                                                                                             24
Sl.                                    Major areas                                    Marks
No
      having experience in risk management consultancy services - above 5 years &       3
      upto 7 years
      having experience in risk management consultancy services - less than 5           1
      years

1.2   Risk Management Consultancy assignment handled in Indian banks                   5%

      5 assignments and more handled successfully on risk management                    5
      consultancy services
      4 assignments handled successfully on risk management consultancy services        4

      3 assignments handled successfully on risk management consultancy services        3

      2 assignments handled successfully on risk management consultancy services        2

      1 assignment handled successfully on risk management consultancy services         1


1.3   Turnover from operations                                                         5%

      Turnover from operations - above Rs.20 crs p.a. (financial year or calender       5
      year as the case may be)

      Turnover from operations - above Rs.15 crs & upto Rs.20 crs (financial year       4
      or calender year as the case may be)

      Turnover from operations - Rs.10 crs & above and upto Rs.15 crs (financial        3
      year or calender year as the case may be)


2     RFP evaluation                                                                  55%
2.1   Case Studies offered for the proposed assignment                                 10

2.2   -Approach and Methodology for executing the assignment (Scores against           45
      each criteria will be done on the scale of - Unacceptable - 0%, Below Average
      - 25%, Average – 50%, above average – 75%, Excellent – 100%).
      a) Credit Risk                                                                   10
      w/w
      Rating Model evaluation and design- 2
      Framework for capturing credit risk components (PD,LGD,EAD & effective
      maturity)-2
      Mapping/ categorization of assets as per requirements of for IRB approach-2
      Credit analytics- Risk modeling-2
      RWA computation methodology for advance approaches-2

      b) Operational Risk                                                              10
      w/w
      Revision of ORM Policy-1
      RCSA framework-2
      KRI framework-2
      Loss event management framework-2
      Capital calculation for AMA-2
      OR loss data modeling framework-1
      c) Market Risk                                                                   10
      w/w
      Gap analysis- 1
      Review and validation of VaR model-3
      Framework for improved technical analysis/monitoring/reporting
      framework-2
      d) ALM                                                                            5

                                                                                              25
        ALLAHABAD BANK                                            RFP for Consultant for IRMS


  Sl.                                    Major areas                                     Marks
  No
        w/w
        Enhancement in ALM framework- 2
        Product pricing framework-1
        e) Others ( Pillar 2, residual risks, Pillar 3 aspects, etc)                       10
        w/w
        Review/ improvement in ICAAP framework-2
        Evaluation, measurement and management framework for Pillar 2 risk-1
        Review of stress testing framework-2
        Review of disclosure standards under Pillar-3- 1


 2.3    The Project leader experience                                                       5

        Having work experience in risk management functions above 10 years                  5

        having work experience in risk management functions- 7 years & aobve and            4
        upto 10 years
        having work experience in risk management functions- 5 years & aobve and            3
        upto 7 years

        Having work experience in risk management functions less than 5 years               2


 2.4    Technical skills of the team members                                                5
        Excellent- handled more than five projects in Risk Management.                      5
        Very Good- handled 3 to 5 projects.                                                 4
        Good- handled 2 projects.                                                           3
        Average- handled one project.                                                       2



 4      Reference site visit :                                                            20%

 Satisfactory report from the organization where consultancy was provided to a Bank
 (Reference site) (Scores against each criteria will be done on the scale of - Below Average -
 25%, Average – 50%, above average – 75%, Excellent – 100%).
 4.1    -Whether objectives of engaging the Consultant are met fully                        5

 4.2    -Adhering to time line of consultancy and final selection of solution               5

 4.3    -Whether they are satisfied with the team support                                   5

 4.4    -Post implementation support by Consultant                                          5

        Total                                                                             100


NOTE: Bidders who score minimum 65 out of 100 marks on the technical evaluation
criteria as mentioned above will only be considered. The Commercial bids of the
applicants with technical marks less than 65 will not be considered for commercial/financial
evaluation.




                                                                                         Page 26 of 52
      ALLAHABAD BANK                                   RFP for Consultant for IRMS




      22.4     EVALUATION OF COMMERCIAL BIDS

             The Bank will open and scrutinize the commercial bids of the technically
             qualified bidders only pursuant to ITB Clause-22.2. The commercial bid will
             have to be submitted in the format as per Annexure-11. Commercial bid
             should not have any alteration or overwriting. The calculation / amount
             arrived by the Bank will be final and will be binding on the bidders.

              The successful commercial bidders will be graded as L1, L2, and L3 etc.
              where L1 vendor is the one who has quoted the lowest cost proposal. If L1
              don‟t makes contract with bank for the project implementation due to any
              reason, what so ever, the contract may be offered to L2.


23    CONTACTING THE BANK

      23.1 No Bidder shall contact the Bank on any matter relating to its Bid, from the
           time of the bid opening to the time of final selection of the vendor.
      23.2 Any effort by a Bidder to influence the Bank in the Bank‟s bid evaluation, bid
           comparison or contract award decisions may result in the rejection of the
           Bidder‟s bid.

24    POST QUALIFICATION
      24.1 The Bank will determine to its satisfaction whether the Bidder selected is
       qualified to perform the contract.
      24.2     The determination will take into account the Bidder‟s financial and technical
              capabilities. It will be based upon examination of the documentary evidence
              of the Bidder‟s qualifications submitted by the Bidder, as well as such other
              information as The Bank deems necessary and appropriate including
              details of experience and records of past performance.
      24.3 An affirmative determination will be prerequisite for selection. A negative
       determination will result in rejection of the Bidder‟s bid.


25    THE BANK’S RIGHT

     25.1    The Bank reserves the right to cancel or modify or reschedule the scope of
      work of this RFP, in case other Regulatory Authorities defer the IRMS
      implementation date.
     25.2      The Bank reserves the right to accept or reject any bid, and to annul
       the bidding process and reject all bids at any time prior to award of Contract,
      without thereby incurring any liability to the affected Bidder or Bidders or any
      obligation to inform the affected Bidder or Bidders of the grounds for the Bank‟s
      action. Bank reserves the right to modify any terms, conditions and specifications of
      the RFP.
     25.3      Bank reserves the right to obtain revised price bids from the bidder with
        regards to changes in RFP clauses or if the Bank is not satisfied with the price
        offered.
                                                                         Page 27 of 52
     ALLAHABAD BANK                                    RFP for Consultant for IRMS



     25.4    Bank reserves the right to accept any Bid in part or whole.


26   SIGNING OF CONTRACT

     26.1 When the Bank notifies the Bidder that its bid has been accepted, the Bank
      will also send the Contract Form (Annexure-7) provided in the RFP to the bidder,
      incorporating all agreements between the parties.

     26.2 Within 21(Twenty One) days of receipt of Contract Form, the bidders shall
          sign and date the contract and return it to the Bank along with the required
          Performance Security.

     26.3     Bank reserves the right to select the next ranked bidder if the selected
             bidder withdraws his proposal after selection or at the time of finalization of
             the contract or disqualified on detection of wrong or misleading information
             in the proposal.

     26.4    In case the bidder fails to comply with ITB Clause 26.1 and 26.2 or in
             case the bidder withdraws his proposal after selection as per ITB Clause
             26.3 the bid security of the bidder will be forfeited.


27   PROJECT SITE

            The Bank is having its Head Office at Kolkata. The successful bidder (i.e.
            selected IRMS consultant) for providing consultancy services as per the
            scope of services defined in this RFP, shall be required to visit Bank‟s office
            (normally Head Office) at Kolkata or Lucknow or Mumbai or Delhi to
            participate in various meetings, discussions, etc. The Bank will not pay or
            reimburse any cost towards journey, lodging, boarding etc. for the visit of
            consultant(s) at Kolkata/Lucknow/Mumbai/Delhi. However, the Bank shall
            make arrangements for the journey, lodging & boarding for the consultant(s)
            if    their    services   are     required    by     the     Bank      outside
            Kolkata/Lucknow/Mumbai/Delhi.

28   NO COMMITMENT TO ACCEPT LOWEST OR ANY TENDER

     28.1 The Bank shall be under no obligation to accept the lowest or any other offer
      received in response to this tender notice and shall be entitled to reject any or all
      offers including those received late or incomplete offers without assigning any
      reason whatsoever.

     28.2    The Bank reserves the right to make any changes in the terms and
             condition of the RFP.

     28.3 The Bank will not be under obligation to meet and have discussions with any
          of the bidders and/or listen to their representations.




                                                                              Page 28 of 52
       ALLAHABAD BANK                                     RFP for Consultant for IRMS


                                         Section 4

                                TERMS AND CONDITIONS

1. PERFORMANCE SECURITY

The successful bidder will have to give Performance Bank Guarantee (as per Annexure-
14) for 10% of the total project cost (i.e. Consultancy Fees for the services for
implementation of IRMS in the bank), while submitting the acceptance of order. The
validity of the Performance Bank Guarantee should be for a minimum period of 24 months
and, if required, it should be renewed till completion of the project.

Any alteration in the format of BG would lead to rejection of Bid.


2. TIME PERIOD FOR COMPLETION OF ASSIGNMENT

The entire assignment has to be completed in accordance with the timeline mentioned
below:

Consultancy & Review                      By 31.12.2010
Product Implementation                    By 31.01.2011
Designing of MIS                          By 15.02.2011
Training to Officers                      By 15.03.2011



It may also be made clear that continuation and duration of the tasks will be at the sole
discretion of the Bank. Bank may decide to alter the time lines for any of the tasks stated
above.


3. PAYMENT TERMS

3.1 The entire assignment is divided into four phases
3.2 20% will be paid on successful completion of each of the first three phases and
balance 40% on going live and at the end of 4th and last phase.
3.3 No advance payment will be made.

4. DELAY IN ADHERING TO THE PROJECT TIMELINES

The consultant must strictly adhere to the time schedule, as specified in the Contract,
executed between the bank and the Consultant, pursuant hereto, for performance of the
obligations arising out of the contract and any delay will enable the Bank to resort to any or
all of the following at sole discretion of the bank.

(a) Penalty

(b) Termination of the agreement fully or partly

If there is any delay in the implementation of the system due to bidder consultant‟s fault
from schedule furnished by the bidder consultant and accepted by the Bank, Bank will
                                                                         Page 29 of 52
       ALLAHABAD BANK                                    RFP for Consultant for IRMS


recover 1% on the total cost of the project (i.e. consultancy fees) paid to the bidder
consultant for each week of delay. This recovery will be subject to an upper limit of 10%.
Thereafter the order/contract may be cancelled and amount paid if any, may be recovered
with 1.25% interest per month. Any deviations from the norms would be treated as breach
of the contract by the consultant and will be dealt with accordingly.

The Bank also reserves its right to claim damages for improper or incomplete execution of
the assignment.

5. INDEMNITY

The bidder will indemnify the Bank against all actions, proceedings, claims, suits, damages
and any other expenses for causes attributable to bidder/consultant. The total liability of
the selected bidder under the contract will not exceed the total cost of the project.

6. GOVERNING LANGUAGE

The governing language of the contract shall be English. All correspondence and other
documents pertaining to the contract which are exchanged by the parties shall be written
in this language.

7. APPLICABLE LAW

The contract shall be interpreted in accordance with the laws prevalent in India.

8. PUBLICITY

Any publicity by the bidder consultant in which the name of the Bank is to be used should
be done only with the explicit written permission of the Bank.


9. FORCE MAJEURE

The Consultant shall not be liable for forfeiture of its performance security, liquidated
damages or termination for default, if any to the extent that it‟s 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 beyond the control of the
Consultant and not involving the Consultant‟s fault or negligence and not foreseeable.
Such events may include, but are not restricted to, acts of the Bank in its sovereign
capacity, wars or revolutions, fires, floods, epidemics, quarantine restrictions.

If a Force Majeure situation arises, the Consultant shall promptly notify the Bank in writing
of such condition and the cause thereof within fifteen calendar days. Unless otherwise
directed by the Bank in writing, the Consultant shall continue to perform its obligations
under the Contract as far as is reasonably practical, and shall seek all reasonable
alternative means for performance not prevented by the Force Majeure event.




                                                                                Page 30 of 52
      ALLAHABAD BANK                                    RFP for Consultant for IRMS


10. BIDDER’S INTEGRITY

The bidder consultant is responsible for and obliged to conduct all contracted activities in
accordance with the contract using state of the art methods and economic principles and
exercising all means available to achieve the performance specified in the contract.

11. BIDDER’S OBLIGATIONS

The bidder consultant is obliged to work closely with the Bank‟s staff, act within its own
authority and abide by directives issued by the Bank and implementation activities.

The bidder consultant is responsible for managing the activities of its personnel or its
representatives and will hold itself responsible for any misdemeanors.

The bidder consultant is under obligation to provide consultancy services as per the
contract.

The bidder consultant will treat as confidential all data and information about the Bank,
obtained in the execution of their responsibilities, in strict confidence and will not reveal
such information to any other party without the prior written approval of the Bank.


12. PROJECT MANAGEMENT

The Bank and the bidder consultant will nominate a Project Manager each immediately on
acceptance of the order, who will be the single point of contact for the project. However,
for escalation purpose, details of other persons will also be given.

13. USE OF CONTRACT DOCUMENTS AND INFORMATION

The bidder consultant shall not, without the Bank‟s prior written consent, disclose the
Contract or any provision thereof or any specification, plan, drawing, pattern or information
furnished by or on behalf of the Bank in connection therewith, to any person other than a
person employed by the bidder in the performance of the Contract. Disclosure to any such
employed person shall be made in confidence & shall extend only as far as may be
necessary for purposes of such performance.

The bidder consultant shall not, without the Bank‟s prior written consent, make use of any
document or information except for purposes of performing the Contract.

Any document, other than the Contract itself, shall remain the property of the Bank and
shall be returned to the Bank on completion of the bidder‟s performance under the
Contract, if so required by the Bank.

14. TERMINATION FOR CONVENIENCE

The Bank, by written notice sent to the bidder consultant, may terminate the Contract, in
whole or in part, at any time for its convenience. The notice of termination shall specify
that termination is for the Bank‟s convenience, the extent to which performance of work
under the Contract is terminated and the date upon which such termination becomes
effective.

15. CONTRACT AMENDMENT
                                                                               Page 31 of 52
       ALLAHABAD BANK                                     RFP for Consultant for IRMS



No variation in or modification of the terms of the contract shall be made except by written
amendment signed by the parties.

16. ASSIGNMENT

The bidder consultant shall not assign, in whole or in part, its obligations to perform under
the contract, except with the Bank‟s prior written consent.


17. CORRUPT OR FRAUDULENT PRACTICES

As per CVC directives, it is required that bidder consultant observes the highest standard
of ethics during the selection of consultant and execution of such contracts. In pursuance
of this policy;

   (i) “ Corrupt practice” means the offering, giving, receiving or soliciting of any thing of
       value to influence the action of a public official in the selection process or in contract
       execution;

              And

   (ii) “ Fraudulent practice” means a misrepresentation of facts in order to influence a
        selection process or the execution of contract to the detriment of the Bank and
        includes collusive practice among Bidders (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 will reject a proposal for award if it finds that the Bidder recommended for award
has engaged in corrupt or fraudulent practices in competing for the contract in question;

The Bank will declare a firm ineligible, either indefinitely or for a stated period of time, for
award of a contract if at any time it finds that the firm has engaged in corrupt or fraudulent
practices in competing for, or in executing a contract.


18. RESOLUTION OF DISPUTES

The Bank and the bidder consultant shall make every effort to resolve amicably, by direct
informal negotiation, any disagreement or dispute arising between them under or in
connection with the contract.

If, after thirty days from the commencement of such informal negotiations, the Bank and
the Bidder are unable to resolve amicably a contract dispute, either party may require that
the dispute be referred for resolution by formal arbitration.


19. PRIVACY AND SECURITY SAFEGUARDS

The successful bidder consultant shall not publish or disclose in any manner, without the
Bank's prior written consent, the details of any security safeguards designed, developed,
or implemented by the successful Bidder under this contract or existing at any Bank
location.
                                                                                 Page 32 of 52
      ALLAHABAD BANK                                  RFP for Consultant for IRMS



20. ARBITRATION

All disputes or differences between the parties will be resolved amicably. If amicable
settlement is not possible, then such disputes and differences will be resolved through an
arbitrator mutually agreed upon between the parties.




                                                                             Page 33 of 52
        ALLAHABAD BANK                                      RFP for Consultant for IRMS



                                                                                           Annexure 1
                                                BID FORM

Ref. No.: HO/IRMS/Consultant/2010-11/150                           Date:

TO :
Allahabad Bank,
Head Office,
Integrated Risk Management Department,
2, N. S. Road
Kolkata – 700 001

Having examined the RFP (Ref. No.: HO/IRMS/Consultant/2010-11/150) including all
annexures, the receipt of which is hereby duly acknowledged, we, the undersigned, offer
to deliver services in conformity with the said RFP and in accordance with our proposal
and total cost / consultancy fees indicated in the Commercial Bid and made part of this bid.
We undertake, if our bid is accepted, to deliver services and complete the project in
accordance with the scheduled time lines.
If our bid is accepted, we will provide the guarantee of a Bank in a sum equivalent to 10%
of the contract price for the due performance of the Contract in the form prescribed by the
Bank.
We agree to abide by this bid for the period of 180 days from the date fixed for Technical
bid opening and it shall remain binding upon us and may be accepted at any time before
the expiration of that period.
Until a formal contract is prepared and executed, this bid, together with the bank‟s written
acceptance thereof and bank‟s notification of award, shall constitute a binding Contract
between us.
We undertake that, in competing for (and, if the award is made to us, in executing) the
contact, we will strictly observe the laws against fraud and corruption in force in India
namely “Prevention of Corruption Act 1988”.
We understand that the bank is not bound to accept the lowest or any bid the bank may
receive.

Place :

Dated this _____________ day of _____________ 2010.


 -----------------------------                              ----------------------------
      (Signature)                                           (In the Capacity of)



                   Duly authorised to sign bid for and on behalf of

(Name & Address of Bidder) ________________________________

                                 _________________________________


                                                                                      Page 34 of 52
          ALLAHABAD BANK                                           RFP for Consultant for IRMS




                                                                                                 Annexure 2
                                            BID SECURITY FORM
                    (FORMAT OF BANK GUARANTEE (BG) FOR BID SECURITY.)
                       (ON A NON-JUDICIAL STAMP PAPER OF RS.100.00)
TO   : ALLAHABAD BANK,
      Head Office,
      Integrated Risk Management Department,
      2, Netaji Subhas Road, Kolkata-700001, India

WHEREAS _________________________ (hereinafter called “the Bidder”) has submitted its bid
dated_______ (date of submission of bid) for providing the consultancy services for implementation of
Integrated Risk Management Services (IRMS) in the financial statements of Allahabad Bank in response to
Allahabad Bank‟s Request for Proposal ( RFP ) No. HO/IRMS/Consultant/2010-11/150 (hereinafter called
“the Bid” ).

KNOW ALL PEOPLE by these presents that WE______________(name of bank) of ____________
(name of country) having our registered office at______________ (address of bank) (hereinafter called “the
Bank”) are bound unto ALLAHABAD BANK (hereinafter called “the Beneficiary”) in the sum of
Rs.___________/-( Rupees ______________only) for which payment will and truly to be made to the said
Beneficiary, the Bank binds itself, its successors and assigns by these presents. Sealed with the common
seal of the said Bank this _____ day of_______ , 20___.

THE CONDITIONS of this obligation are:
    1. If the Bidder withdraws its Bid during the period of bid validity specified by the Bidder on the Bid
        Form; or
    2. If the Bidder, having been notified of the acceptance of its bid by the Beneficiary and the bidder
        during the period of bid validity :
         a)    fails or refuses to execute the Contract Form if required; or
         b)    fails or refuses to perform, in accordance with the Terms and Conditions of the RFP or
         Contract; or
         c)    fails or refuses to furnish the Performance Security, in accordance with the Terms and
         Conditions of the RFP or Contract;

We undertake to pay the Beneficiary up to the above amount upon receipt of its first written demand, without
the Beneficiary having to substantiate its demand, provided that in its demand the beneficiary will note that
the amount claimed by it is due to it owing to the occurrence of one or both of the two conditions, specifying
the occurred condition or conditions.

This guarantee will remain in force up to and including 45 days after the period of the bid validity i.e. up
to_______(mention date of expiry which should be a minimum of bid validity+45 days), and any demand in
respect thereof should reach the Bank not later than the above date.

Notwithstanding any other term contained herein :
   a) this guarantee shall be valid only up to _________________ (Insert Guarantee End Date)
       whereupon it shall automatically expire irrespective of whether the original guarantee is returned to
       the Bank or not; and
     b) the total liability of Bank under this guarantee shall be limited to Rs.__________ (Rupees
        _______________________ only)

Place :       SEAL                    Code No.                               SIGNATURE.

NOTE :
1.     BIDDER SHOULD ENSURE THAT THE SEAL & CODE NO. OF THE SIGNATORY IS PUT BY
       THE BANKERS, BEFORE SUBMISSION OF BG
2.        STAMP PAPER IS REQUIRED FOR THE BG ISSUED BY THE BANKS LOCATED IN INDIA.




                                                                                          Page 35 of 52
       ALLAHABAD BANK                                     RFP for Consultant for IRMS




                                                                                        Annexure 3
                                    Bidder’s Information

1. Name                                       :
2. Constitution and year of establishment     :
3. Registered Office/Corporate office Address :
4. Mailing Address                            :
5. Name and designations of the persons
   authorized to make commitments to the Bank:
6. Telephone, Fax, e-mail                     :
7. Name & Addresses of Directors/Promoters :
8. Details of Organisation Structure          :
9. Description of business, service profile &
   client profile                             :
10. Whether the bidder is in IRMS consulting
    business, if yes then mention the period
   (evidence to be enclosed)                  :
11. Gross annual turnover of the bidder (not          Amt. in Lacs
    of the group) [from Audit]                :       Year 2007-08 –
                                                      Year 2008-09 –
                                                      Year 2009-10 –
12. Net profit of the bidder (not                     Amt. in Lacs
    of the group) [from Audit]                 :      Year 2007-08 –
                                                      Year 2008-09 –
                                                      Year 2009-10 –

{Above figures at item 11 & 12 should be audited figures and copy of audited financial
statements for above years to be submitted}

13. Details of assignments executed successfully as technical/IRMS Consultant, for
implementing Integrated Risk Management Solutions (IRMS) in India/abroad that included
:
    defining Implementation strategy and technical requirements
    project management of IRMS implementation

Sl.   Name of the Bank         Description   Scheduled       Time taken for the execution
No.   /Financial institution   of services   time limit      of assignment
                               provided                      Date of              Date of
                                                             commencement         completion



(Note – The documentary proof for above from Banks/financials institutions are to be
furnished)

14. Details of similar assignments on hand as on date :




                                                                                 Page 36 of 52
        ALLAHABAD BANK                                     RFP for Consultant for IRMS


S.No.       Name of the       Description of      Scheduled         Date of
            Bank              services provided   time limit        commencement




(Note – The documentary proof for above from Banks/ financials institutions are to be
furnished)

15. Levels of Certification obtained                   :

16. No. of Persons who are proposed to be associated for
    executing the assignment phase wise with names
    including that of the team leader              :



17. Other information / details                            :

17.     Reference of few clients with name, address,
        Designation, contact No, e-mail-id.                :


DECLARATION
We hereby declare that the information submitted above is complete in all respects and
true to the best of our knowledge. We understand that in case any discrepancy or
inconsistency or incompleteness is found in the information submitted by us, our
application is liable to be rejected.


Place :
Date:                       SEAL                       (Authorized Signatory)




                                                                                  Page 37 of 52
         ALLAHABAD BANK                                                    RFP for Consultant for IRMS



                                                                                                         Annexure 4
                                                    TECHNICAL BID

                                           Request for Proposal
                            “RFP –Appointment of consultant for implementing
                              Integrated Risk Management Solutions (IRMS)”
                                         Reference Number RFP/

              Particulars                                     Details           Documents                being
                                                                                submitted in        support of
                                                                                Details
Name of the Firm
Address of Registered Office
Contact person name and
Address for Communication at
Kolkata
Date of incorporation of the firm

Presence and locations of Offices
in India

Details    of   IRMS    Services                                                Please attach a separate
provided by the Firm to Banks/FI                                                sheet, if required
in India/abroad
Details of IRMS implementation                                                  Please attach a separate
being done by the Firm for Banks                                                sheet, if required Details of
in India:                                                                       credentials. (Give scope of
                                                                                work for each assignment)
                                                                                with    letters    from    the
                                                                                respective       organizations
                                                                                supporting the same
Number of persons who are                                                       Resume of the identified team
proposed to be associated for                                                   persons     in   the    format
executing the assignment phase                                                  enclosed as CV format to this
wise with names including that of                                               document
the Team Leader


References of few clients                     Name-
                                              Address-
                                              Designation-
                                              Contact Phone Numbers
                                              e-mail-id


Dated this ....... day of ............................ 2010


__________________                                                ___________________________
       (Signature)                                                                 (In the capacity of)

Duly authorized to sign Proposal for and on behalf of ___________________________




                                                                                                  Page 38 of 52
        ALLAHABAD BANK                                            RFP for Consultant for IRMS


                                                                                              Annexure 4A

                                       Masked Price Bid
                (To be attached with the Technical Bid without stating the price)

                                                                               Date: ..............................


Please give detailed assumptions and specifications considered to arrive at the
Commercial Bid considering the phases stated under Terms of Reference in Part II –
Instructions to Bidders. Please do not quote price against the details.




Dated this ....... day of ............................ 2010



        _____________________                                 ___________________________
            (Signature)                                               (In the capacity of)


Duly authorized to sign Proposal for and on behalf of ___________________________




                                                                                          Page 39 of 52
         ALLAHABAD BANK                                                  RFP for Consultant for IRMS




                                                                                                        Annexure 5
                                         COMMERCIAL BID
                         (To be included in Commercial Proposal Envelope)

                                                                                      Date: ..............................




Sir,
                                        Request for Proposal
                          “RFP-Appointment of consultant for implementing
                           Integrated Risk Management Solutions (IRMS)”
                                      Reference Number dated


In terms of the above-mentioned RFP document we submit herewith the commercial bid (fees)
for the assignment proposed by the Bank as Consultant.

                              CONSULTANCY                      OUT OF POCKET           TOTAL
                              FEES                             EXPENSES

                              (Rs.) **                         (Rs.)**                 (Rs.)
In figures

In words


NOTE: SERVICE TAX AS APPLICABLE AT THE TIME OF PAYMENT SHALL ALSO BE REIMBURSED

**       Please state the assumptions and specifications considered                               phase-wise in
       Annexure 4A to arrive at the total fees stated here.

TERMS AND CONDITIONS

1) The above quoted fee is for all the phases.
2) We undertake to deliver all the deliverables as in this RFP document.
3) Bank will deduct tax (TDS) while releasing payment, if applicable as per the law.



Dated this ....... day of ............................ 2010.


            ____________________                                     _________________________
           (Signature)                                               (in the capacity of)


Duly authorized to sign Proposal for and on behalf of ________________



                                                                                                  Page 40 of 52
        ALLAHABAD BANK                                              RFP for Consultant for IRMS



                                                                                                   Annexure 6

Details of Persons who will form the team for the proposed assignment

1. Name of the Person                           :
2. Office Address                            :
3. E-mail ID                                 :
4. Phone Number Office                       :
                        Mobile                  :
5. Date since working in the Firm            :
6. Professional Qualifications               :
7. Present Designation                       :
8. Experience                               :
Sl.                          Nature of IRMS               Brief Details of the             Period
No.                          assignment                   IRMS     assignment
                                                          and the Organization
                                                                                     From             To
                                                          where    assignment
                                                          was undertaken
1

2

3

4

5


Note: - Format is of minimum requirements and is to be compulsorily furnished. Respondents
may furnish additional details, if any.
_______________________________________________________________________




Dated this ....... day of ............................ 2010


         ____________________________                             ________________________
            (Signature)                                                 (In the capacity of)


Duly   authorized   to   sign   Proposal                           for     and        on          behalf    of
_____________________________________




                                                                                            Page 41 of 52
           ALLAHABAD BANK                                        RFP for Consultant for IRMS




                                                                                           ANNEXURE '7'
                                            CONTRACT FORM
                            Non-Judicial Stamp Paper of appropriate value

CONTRACT NUMBER:

THIS AGREEMENT made the _________ day of ______, 20___ Between ALLAHABAD BANK (hereinafter
“the Bank”) of one part and __________ (Name of Selected Consultant) of ____________ (City and Country
of Consultant) (hereinafter “the Consultant”) of the other part:

WHEREAS the Bank is desirous that certain consultancy services should be provided by the Consultant, viz.
________________ ________________ (Brief description Services) and has accepted a bid by the
Consultant for supply of consultancy services to meet its requirement from time to time.

           NOW THIS AGREEMENT WITNESSETH AS FOLLOWS:

1.       In this Agreement words and expressions shall have the same meanings as are respectively
     assigned to them in the Conditions of Contract referred to.

2.      The following documents shall be deemed to form and be read and construed as part of this
     Agreement, viz. :

     (a)        The RFP for appointment of consultant for implementing IRMS in the Bank
     (b)        The Bid form and price (i.e. consultancy fee) submitted by the bidder and       subsequent
                amendments made into it as accepted by the bank.
     (c)        the schedule of requirements (i.e. IRMS consultancy services)
     (d)        The Bank‟s Notification for appointment of Consultant for implementing IRMS in the bank.
     (e)        Letter of offer

3. In consideration of the payments to be made by the Bank to the Consultant in terms of Letter of offer for
   having consultancy services placed by Head Office of the Bank, the Consultant hereby covenants with
   the Bank to provide the consultancy services and to remedy defects therein in conformity in all respects
   with the provisions of the contract.

4. The Bank hereby covenants to pay the Consultant in consideration of the provision of the consultancy
   services and the remedying of defects therein, the Letter of offer Price or such other sum as may
   become payable under the provisions of the Contract at the times and in the manner prescribed by the
   Contract.

The details of the IRMS consultancy services which the Consultant shall be required to provide to the Bank
from time to time in terms of Letter of offer for having consultancy services that will be placed by Head
Office of the Bank are as under:

       < Details as per scope of consultancy defined in section 2 of RFP ref. no. HO/IRMS/Consultant/2010-
       11/150 dated 15/09/2010 >

IN WITNESS whereof the parties hereto have caused this Agreement to be executed in accordance with
their respective laws the day and year first above written.



Signed, sealed and Delivered by the

Said ________________________ (For the Consultant) in presence of _______________________

Signed, sealed and Delivered by the
Said ________________________ (For the Bank) in presence of ______________________




                                                                                         Page 42 of 52
        ALLAHABAD BANK                                                RFP for Consultant for IRMS



                                                                                                ANNEXURE '8'


                                            DEED OF INDEMNITY


This Deed of Indemnity executed at Kolkata on the -------------day of -------------- by ----------------------
---------------------, a company registered under the Companies Act, 1956 and having its registered
office at -----------------------/M/s.---------------------------a partnership firm having its registered office at
---- -------------------- (hereinafter called "the Obligor" which expression shall unless it be repugnant
to the subject, context or meaning thereof shall be deemed to mean and include its successors).

IN FAVOUR OF

Allahabad Bank, a Government of India Undertaking, within the meaning of Banking Companies
(Acquisition & Transfer of Undertakings) Act, 1980 and having its Head Office at 2,Netaji Subhas
Road, Kolkata-700 001(hereinafter called " Allahabad Bank " which expression shall unless it be
repugnant to the subject, context or meaning thereof shall be deemed to mean and include its
successors and assigns)


WHEREAS

The Obligator has:
            a)    Offered to do for Allahabad Bank/Indemnified, IRMS implementation at Kolkata
                  (hereinafter referred to as IRMS implementation/Services) as defined in the
                  Agreement dated-----------------------made between the Obligor and Allahabad
                  Bank/Indemnified (the Agreement/Contract) and the Bid documents and other
                  related documents (the said documents) subject to certain terms, conditions,
                  covenants, provisions and stipulations contained therein.
            b)    Represented and warranted that they have all permissions, consents, approvals
                  from all authorities, both regulatory and non-regulatory, for performing the
                  Services/doing the IRMS implementation to Allahabad Bank/Indemnified
                  contemplated under the said documents and further represented and warranted
                  that the IRMS implementation at the Allahabad Bank do not violate any provisions
                  of the applicable laws, regulations or guidelines including legal, environmental
                  under the various labour and industrial laws. In case there is any violation of any
                  law, rules or regulation, which is capable of being remedied, the same will be got
                  remedied immediately during the period of Services/tenure of the
                  Agreement/Contract to the satisfaction of Allahabad Bank;
            c)    Represented and warranted that they are authorized and legally and otherwise
                  entitled and competent to enter into such contractual arrangement(s) with
                  Allahabad Bank/Indemnified under the said documents; relying and based on the
                  aforesaid representations and warranties of the Obligor, Allahabad
                  Bank/Indemnified has agreed to avail the Services of the Obligor on the terms and
                  conditions contained in Agreement with the Obligor;

                 One of the conditions of the Agreement/Contract and the said documents is that the
                 Obligor is required to furnish an indemnity in favour of Allahabad Bank indemnifying
                 the latter against any loss, damages or claims arising out of any violations of the
                 applicable laws, regulations, guidelines during the rendering/performing of the
                 Services/IRMS implementation envisaged under the said documents as also for
                 breach committed by the Obligor on account of misconduct, omission and
                 negligence by the Obligor.



                                                                                              Page 43 of 52
       ALLAHABAD BANK                                        RFP for Consultant for IRMS


               In pursuance thereof, the Obligor has agreed to furnish an indemnity in the form and
               manner and to the satisfaction of Allahabad Bank as hereinafter appearing.



NOW THIS DEED WITNESSETH AS UNDER:-

1.   In consideration of Allahabad Bank/Indemnified having agreed to award the Bid and the
     aforesaid assignment of providing Services/IRMS implementation to the Obligor on the terms
     and conditions contained in the Agreement/Contract and the said documents, more
     particularly described and stated therein, the Obligor do hereby agree and undertake that:-
          a)   The Obligor shall, at all times hereinafter, save and keep Allahabad Bank harmless
               and indemnified, including its respective directors, officers, agents, representatives,
               and employees, etc. and keep them identified from and against any claim, demand,
               losses, liabilities or expenses of any nature and kind whatsoever and by
               whomsoever made in respect of Services/IRMS implementation or the said
               documents and any damage caused from and against all suits and other actions
               that may be threatened, instituted, taken or preferred against Allahabad
               Bank/Indemnified including its respective directors, officers, agents,
               representatives, and employees, etc. by whomsoever and all losses, damages,
               costs, charges and expenses that Allahabad Bank/Indemnified including its agents,
               representatives and employees, etc. may incur by reason or any claim/demand
               made by any claimant for any reason whatsoever or by anybody claiming under
               them or otherwise for any losses, damages or claims or claims arising out of all
               kinds of accidents, destruction, deliberate or otherwise, direct or indirect, from
               those arising out of violation of applicable laws, regulations, guidelines and also
               from the damages, if any, arising from fraudulent or criminal acts as well or any
               omissions, which may occur while performing the Services or otherwise under the
               said documents.

          b)   The Obligor further agrees and undertakes that the Obligor shall, during the
               contractual arrangements under the said documents, ensure that all the
               permissions, authorizations, consents are obtained from the local and/or municipal
               and/or governmental authorities, as may be required under the applicable laws,
               regulations, guidelines, orders framed or issued by any appropriate authorities.

          c)   If any additional approval, consent or permission is required by the Obligor to
               execute and perform the Agreement or Services/IRMS implementation under the
               said documents, they shall procure the same and/or comply with the conditions
               stipulated by the concerned authorities without any delay.

          d)   The obligations of the Obligor herein are irrevocable, absolute and unconditional, in
               each case irrespective of the value, genuineness, validity, regularity or
               enforceability of the aforesaid agreement or the insolvency, bankruptcy, re-
               organization, dissolution, liquidation or change in ownership of Allahabad Bank or
               Obligor or any other circumstance whatsoever which might otherwise constitute a
               discharge or defence of Allahabad Bank/Indemnified.

          e)   The obligations of the Obligor under this deed shall not be affected by any act,
               omission, matter or thing, would reduce, release or prejudice the Obligor from any
               of the obligations under this indemnity or prejudice or diminish the obligations in
               whole or in part, including in law, equity or contract (whether or not known to it, or
               to Allahabad Bank).

2.   This Indemnity shall survive the Agreement



                                                                                    Page 44 of 52
         ALLAHABAD BANK                                       RFP for Consultant for IRMS


3.    Any notice, request or other communication to be given or made under this indemnity shall be
      in writing addressed to either party at the address stated in the Agreement and or as stated
      above.

4.    This Indemnity shall be governed by, and construed in accordance with, the laws or India.
      The Obligor irrevocably agrees that any legal action, suit or proceedings arising out of or
      relating to any of this indemnity may be brought in the Courts/Tribunals at Kolkata. Final
      judgment against the Obligor in any such action, suit or proceeding shall be conclusive and
      may be enforced in any other jurisdiction, by suit on the judgment, a certified copy of which
      shall be conclusive evidence of the judgment, or in any other manner provided by law. By the
      execution of this indemnity, the Obligor irrevocably submits to the exclusive jurisdiction of
      such Court/Tribunal in any such action, suit or proceeding.

5.    Allahabad Bank/Indemnified may assign or transfer or any part of its interest herein to any
      other person. Obligor shall not assign or transfer any of its right or obligations under this
      indemnity, except with the prior written consent of Allahabad Bank/Indemnified.


IN WITNESS WHEREOF the Obligor has signed these presents on the day, month and year first
above written.


Signed and Delivered on behalf of

----------------------------

By the hand of--------------------------

-------------------,-the authorized official of theObligor.


Notes:

         To be stamped as an indemnity bond in accordance with the local stamp laws at the place
         of execution.

         Relevant authorizations to be collected in case of (a) company – certified copy of the
         relevant board resolutions, power of attorney, certified copy of the latest memorandum and
         articles of association be obtained (b) partnership – copy of the partnership deed together
         with the registration extract evidencing registration of the partnership firm, letter of
         authorization/mandate from the partnership firm authorizing the execution of documents on
         behalf of the partnership firm, power of attorney, if any.




                                                                                     Page 45 of 52
      ALLAHABAD BANK                                    RFP for Consultant for IRMS




                                                                                      Annexure-9

                                  Letter of Confirmation


To
The General Manager (IRM)
Allahabad Bank,
Head Office,
2, Netaji Subhas Road,
Kolkata

RFP Ref. No.: HO/IRMS/Consultant/2010-11/150

Dear Sir,


        We confirm having submitted the Bid and Annexures in accordance with the said
RFP. The details submitted by us are true and correct to the best of our knowledge and if
it is proved otherwise at any stage of execution of the contract, Allahabad Bank has the
right to summarily reject the proposal and disqualify us from the process.

      We confirm that we will abide by the conditions mentioned in the Tender Document
(RFP and annexure) in full and without any deviation.

        We, hereby acknowledge and confirm, having accepted that the Bank can at its
absolute discretion, apply whatever criteria it deems appropriate, not just limiting to those
criteria set out in the RFP and related documents, in short listing of bidder consultants for
providing consultancy services.

       We shall observe confidentiality of all the information passed on to us in course of
the tendering process and shall not use the information for any other purpose than the
current tender.

      We also confirm that we have not been blacklisted by any Govt. Department / PSU /
PSE or Banks or otherwise not involved in any such incident with any concern whatsoever,
where the job undertaken / performed and conduct has been questioned by any authority,
which may lead to legal action.




Place :
Date:                             SEAL                 (Authorized Signatory)




                                                                               Page 46 of 52
         ALLAHABAD BANK                                    RFP for Consultant for IRMS




                                                                                     Annexure-10

Bidder’s proposed methodology / approach for providing services to the Bank with
respect to the scope of consultancy work :

(A)             Proposed methodology / approach :




(B)             Details of deliverables, other than the deliverables specified by the bank, the
      bidder proposes with specific reference to the scope of work :




Place :
Date:                                SEAL                 (Authorized Signatory)




                                                                                  Page 47 of 52
          ALLAHABAD BANK                                  RFP for Consultant for IRMS




                                                                                   Annexure: 11

Certificate of Consultations from Banks/Financial Institutions
(to be included with technical bid)

(On the letter Head of the Company/Bank with designation of the authority issuing the
same)

1.0Name of the          Company/Bank
   (client name)
2.0Full Address of the Company/Bank
    with PIN code
3.0 Brief description of the nature of
    business/ process
4.0Contact details (At least two
   contact details of senior staff of the
   client are to be provided for each
   reference)
     Contact 1 Name:
             Designation:
             Landline No:
             Cell No:
             Email id:

      Contact 2 Name:
              Designation:
              Landline No:
              Cell No:
              Email id:

5.0 Brief description of the scope of
    Consultancy service provided
    (may attach a separate write up)
6.0 Duration of assignment including
    start date and end date
7.0 Approximate value of service (in
    rupees) (Optional)


8.0 The Company/Bank has to mark (√ ) in the appropriate column.

Sl. No.                      Details                       Yes      Partially     No

8.1        Tasks undertaken by the consultants in
           the Company/ Bank
8.1.1      Implementation of all aspects of IRMS
8.1.2      Framework for compliance with all qualifying
           criteria for migrating to IRMS
8.1.3      Accounting diagnosis about the impact of
           IRMS on key financial numbers and
                                                                                 Page 48 of 52
         ALLAHABAD BANK                                    RFP for Consultant for IRMS


          ratios, process and systems.
8.1.4     Assist the Company/Bank in planning a way
          for forward, focusing an
          operational issues, resources and project
          management
8.1.5     Plan and help strategies for conversion of
          IRMS by way of accounting policies
          and conversion strategy, as well as
          operational and accounting system changes
8.1.6     Analyze       existing   Information  System
          environment and help implement changes
          required for making the Bank IRMS enabled
8.1.7     Training the trainers and officials of the
          company/Bank and subsidiaries, joint
          ventures and associates
8.2       Questionnaire:
8.2.1     Has the consultant developed a good
          understanding of functioning of
          Company‟s/Bank‟s various departments?
8.2.2     Have they achieved or will they be able to
          achieve what they promised about
          the project?
8.2.3     Whether the consultant‟s team handling in
          your company/Bank is good?
8.2.4     The solutions they are providing are general
          or according to the needs of your
          company/Bank?
8.2.5     Is the consultant willing and capable to do
          any requirement beyond the scope of
          work?
8.2.6     Are the consultants able to meet the
          deadlines?
8.2.7     Are you satisfied with the documentation they
          are giving?
8.2.8     Whether the training provided by them to your
          staff is satisfactory?
8.2.9     Are you satisfied with the post implementation
          support given by the consultant?
8.2.10    Do you recommend the consultant for
          consultancy services?
8.3       Overall Rating of   UNSATIS-     SATIS- GOOD            VERY       EXCEL
          the Task/Project    FACTORY     FACTORY                 GOOD        LENT
          completed




                                                                                  Page 49 of 52
         ALLAHABAD BANK                                   RFP for Consultant for IRMS


                                                                                   Annexure: 12
Reference Site Details-1

We give below the reference site details:

Name      of      the    Company/Bank
(client name)
Full Address of the Company/Bank
with PIN code
 Brief description of he nature of
    business/ process
Contact details (At least two contact
details of senior staff of the client are
to be provided for each reference)
     Contact 1 Name:
              Designation:
              Landline No:
              Cell No:
              Email id:

    Contact 2 Name:
            Designation:
            Landline No:
            Cell No:
            Email id:

 Brief description of the scope of
Consultancy service provided (may
attach a separate write up)
Duration of assignment including start
date and end date
 Approximate value of service (in
rupees) (Optional)



Note:

   1).    Letter of consent from the bank to act as „Reference site‟ to be enclosed. The
          bank should consent for the visit during the time prescribed for Reference site visit
          in Annexure 12.
   2).    The bank acting as „Reference site‟ may be asked through questionnaire or direct
          interaction with the bank.




                                                                                 Page 50 of 52
         ALLAHABAD BANK                              RFP for Consultant for IRMS



                                                                               Annexure 13

Checklist of documents to be submitted



   Documents                                                    Submitted
                                                                (Yes/No)
   1)

   2)

   3)

   4)

   5)

   6)

   7)

   8)

   9)

   10)

   11)

   12)


Note : Supporting documents of the annexures are be provided.




Place :
Date :                          SEAL               (Authorized Signatory)




                                                                            Page 51 of 52
          ALLAHABAD BANK                                          RFP for Consultant for IRMS




                                                                                            Annexure 14
                                    PERFORMANCE SECURITY FORM
                   (FORMAT OF BANK GUARANTEE (BG) FOR PERFORMANCE SECURITY.)
                             (ON A NON-JUDICIAL STAMP PAPER OF RS.100.00)
TO   : ALLAHABAD BANK,
      Head Office,
      Integrated Risk Management Department,
      2, Netaji Subhas Road,
      Kolkata-700001, India

WHEREAS _________________________ (hereinafter called “the Bidder”) has submitted its bid
dated_______ (date of submission of bid) for providing the consultancy services for implementation of
Integrated Risk Management Services (IRMS) in Allahabad Bank in response to Allahabad Bank‟s Request
for Proposal ( RFP ) No. HO/IRMS/Consultant/2010-11/ 150 (hereinafter called “the Bid” ).

KNOW ALL PEOPLE by these presents that WE______________(name of bank) of ____________
(name of country) having our registered office at______________ (address of bank) (hereinafter called “the
Bank”) are bound unto ALLAHABAD BANK (hereinafter called “the Beneficiary”) in the sum of
Rs.___________/-( Rupees ______________only) for which payment will and truly to be made to the said
Beneficiary, the Bank binds itself, its successors and assigns by these presents. Sealed with the common
seal of the said Bank this _____ day of_______ , 20___.

THE CONDITIONS of this obligation are:

           If the Bidder, having been notified, by the beneficiary, as selected for providing
           consultancy services for implementation of IRMS in Allahabad Bank, during the period of
           contract fails to provide services or perform obligations in accordance with the aforesaid
           RFP and Contract, as bidder;

We undertake to pay the Beneficiary up to the above amount upon receipt of its first written demand, without
the Beneficiary having to substantiate its demand, provided that in its demand the beneficiary will note that
the amount claimed by it is due to it owing to the occurrence of above condition, specifying the occurred
condition.

This guarantee will remain in force up to 24 months plus 45 days from the date of signing the contract i.e.
up to_______(mention date of expiry which should be a minimum of contract period + 45 days), and any
demand in respect thereof should reach the Bank not later than the above date.

Notwithstanding any other term contained herein :

     a) this guarantee shall be valid only up to _________________ (Insert Guarantee End Date)
        whereupon it shall automatically expire irrespective of whether the original guarantee is returned to
        the Bank or not; and
     b) the total liability of Bank under this guarantee shall be limited to Rs.__________ (Rupees
        _______________________ only)


Place :

SEAL                    Code No.                               SIGNATURE.

NOTE :
1.     BIDDER SHOULD ENSURE THAT THE SEAL & CODE NO. OF THE SIGNATORY IS PUT BY
       THE BANKERS, BEFORE SUBMISSION OF BG
2.        STAMP PAPER IS REQUIRED FOR THE BG ISSUED BY THE BANKS LOCATED IN INDIA.




                                                                                          Page 52 of 52

								
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