Overview
Institute of Actuaries of India has invited open tender bids for the work “To Conduct an Independent Study of the Current As-Is IAI IT Systems and Recommend To-Be” at Thane, Maharashtra. It is classified as Unclassified work, Services / Media / Manpower in nature, procured as a Works contract, carrying an estimated value of ₹15 Lakh. Bids opened on 30 April 2026 and close on 29 May 2026; technical bids open on 30 May 2026. The earnest money deposit (EMD) is ₹50,000, and the tender fee is nil. The tender reference is 2026_IAI_906985_1.
Tender documents
Documents are mirrored from the NIC eProcure portal for reference. Live bidding and authoritative documents remain on the official portal.
Complete tender details
Classification (auto-derived, cited)
Sector
Unclassified
Work nature
Services / Media / Manpower · matched “Study”
Funding scheme
— none detected —
Procurement type
Works
Tender value
₹15 Lakh (disclosed)
Identification
Tender ID
2026_IAI_906985_1
Tender Reference Number
IAI/IT/RFP/01/2026
Title
IT System Study
Organisation Chain
Institute of Actuaries of India
Commercials
Tender Value in ₹
15,00,000
EMD Amount in ₹
50,000
EMD Exemption Allowed
Yes
EMD Fee Type
fixed
EMD Payable To
Institute of Actuaries of India
EMD Payable At
Institute of Actuaries of India
Tender Fee Exemption Allowed
No
Form Of Contract
Works
Contract Type
Tender
Payment Mode
Offline
Process & eligibility
Tender Type
Open Tender
Tender Category
Services
No. of Covers
2
Bid Validity(Days)
90
Allow Two Stage Bidding
No
Withdrawal Allowed
Yes
General Technical Evaluation Allowed
No
ItemWise Technical Evaluation Allowed
No
Should Allow NDA Tender
No
Allow Preferential Bidder
No
NDA/Pre Qualification
Please refer Tender documents.
Timeline
Published Date
30-Apr-2026 09:00 AM
Document Download / Sale Start Date
30-Apr-2026 09:05 AM
Document Download / Sale End Date
29-May-2026 05:00 PM
Bid Submission Start Date
30-Apr-2026 09:20 AM
Bid Submission End Date
29-May-2026 05:00 PM
Bid Opening Date
30-May-2026 05:30 PM
Location & meeting
Location
IAI office Navi-Mumbai, Maharashtra
Pincode
400706
Bid Opening Place
IAI office Navi-Mumbai, Maharashtra
Inviting authority
Name
Larry Barretto
Address
IAI office Navi-Mumbai, Maharashtra
Other captured fields
Work Description
To Conduct an Independent Study of the Current As-Is IAI IT Systems and Recommend To-Be
Product Category
Consultancy
NIT Document
S.No Document Name Description Document Size (in KB) 1 Tendernotice_1.pdf RFP Document 505.58
Work Item Documents
S.No Document Type Document Name Description Document Size (in KB) 1 Additional Documents boq.pdf BOQ 359.35
Frequently asked questions
What is this tender for?
Institute of Actuaries of India has floated this tender for “To Conduct an Independent Study of the Current As-Is IAI IT Systems and Recommend To-Be”. It is Unclassified work, Services / Media / Manpower in nature.
What is the estimated value of this tender?
The estimated tender value is ₹15 Lakh as published on the portal.
When is the last date to submit bids?
Bids close on 29 May 2026. The tender was published on 30 April 2026.
Which department issued this tender and where is the work?
It was issued by Institute of Actuaries of India. The work location is Thane, Maharashtra (PIN 400706).
What are the EMD and tender fee?
EMD is ₹50,000; the tender fee is nil. Form of contract: Works.
How do I download the tender documents and BoQ?
Open the “Tender documents” section above to download the NIT and any corrigenda for reference 2026_IAI_906985_1. Bidding is done on the NIC eProcure portal.