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Reserve Bank of India, Project Cell, Estate Office, MRO, Mumbai invites e-tender from empaneled CPSUs under category B (₹300 crore to ₹600 crore) for selection of PMC for Construction of residential flats for staffs at Bhandup, Mumbai. The submission of bids should be done through the e-tendering portal of MSTC Ltd. (https://www.mstcecommerce.com/eprocn). All empaneled CPSUs included in the above category, must register themselves with MSTC Ltd through the above-mentioned website to participate in the bidding process.
| Sr No |
Particulars |
Details |
| 1 |
Name of the work |
Selection of Project Management Consultant (PMC) for Redevelopment of Residential Staff Quarters for Reserve Bank of India at Bhandup, Mumbai |
| 2 |
e-tender No. |
RBI/Mumbai Regional Office/Estate/134/25-26/ET/785 |
| 3 |
Estimated PMC’s agency charges (fee) |
₹18.00 crore |
| 4 |
Brief Particulars of the project to be completed by the agency as PMC |
Construction of 200 flats with all amenities including 250 car parks.
Carpet area to be considered for each flat shall range from 71-79 sqm.
Plot area: 7427 sqm.
FSI (with possible additional FSI) considered- 4
Tentative Construction area (BUA) of building to be constructed (FSI BUA plus non-FSI area viz balcony, carpark) 48,000 sqm
Envisaged project cost ₹331 crore
PMC’s scope and PMC’s Agency Charges(fee) shall be for engaging all consultants (Architects, Structural, MEP, liaison, horticulture, etc.), vetting of designs (structural, concrete mix design, soil testing report) by reputed institutions like IITs. and appointment of Third-Party Quality Auditor. Entire design, detailing, engineering drawing, proof checking, supervision of the demolition of existing building and new construction works, Quality Assurance, Quality audit, Quality control, obtaining statutory approval, etc. are in the scope of PMC’s agency charges. (For details, please see scope of work)
PMC shall adopt EPC III mode construction and engage contractors demolition of existing buildings, removal of debris and construction of new buildings with amenities as per the scope of the work. |
| 5 |
Earnest Money Deposit (EMD) BG/NEFT/RTGS
All bidders need to submit EMD |
₹36,00,000/- to be remitted through.
NEFT / RTGS (Copy of receipt of NEFT/RTGS with UTR Number through email/letter before the last date and time indicated in this NIT for submission of EMD)
NEFT Details:
A/c No – 04861436206
IFSC CODE – RBIS0MBPA04 (5th & 10th letter from beginning is zero)
Bank Guarantee: In favour of Reserve Bank of India to be delivered in physical form at Reserve Bank of India, Project Cell, Estate Office, MRO, Shahid Bhagat Singh Marg, Mumbai – 400001 before the last date and time indicated in this NIT for submission of EMD |
| 6 |
Availability of Bid documents |
Reserve Bank of India website/MSTC website |
| 7 |
Bid process |
Evaluation for selection of the PMC shall be Quality cum Cost Based Selection (QCBS) as defined in this tender document. |
| 8 |
Mode of construction to be adopted by PMC |
EPC mode III – Selection of contractor through least cost method and work to be awarded to L1 contractor. |
| 9 |
Mode of Submission- Part I and Part II by the BIDDERs. |
e-Procurement System (MSTC Portal) (Online Part I – Techno-Commercial Bid and Part II – Price Bid through www.mstcecommerce.com/eprocn) |
| 10 |
Date of availability of e-Tender document for downloading |
December 31, 2025 (31.12.2025) from 06:00 PM onwards |
| 11 |
Transaction Fee on MSTC portal |
To be paid through MSTC Payment Gateway/NEFT/RTGS in favour of MSTC Limited or as advised by M/s MSTC Ltd. |
| 12 |
Last date for submission of pre-bid queries, if any, by the BIDDERs |
January 19, 2026 (19.01.2026) by 11.00 AM (via email to <projectcellmro@rbi.org.in> |
| 13 |
Date of holding pre-bid meeting (Physical) |
January 22, 2026 (22.01.2026) at 03:00 PM at Conference Room, Mumbai Regional Office, RBI, Fort, Mumbai-400001 |
| 14 |
Date of Starting of bidding process by eligible CPSUs for online submission of bids (Techno-Commercial & price) at www.mstcecommerce.com/eprocn/ |
December 31, 2025 from 06:00 PM onwards |
| 15 |
Date for issue of addendum/ corrigendum, if any, subsequent to the pre-bid meeting |
January 28, 2026 (28.01.2026) |
| 16 |
Date & Time for receiving
(i) Copy of receipt of NEFT/RTGS with UTR Number through email/letter
Or
(ii) Original Bank Guarantee in lieu of EMD physically at the Bank |
February 9, 2026 (09.02.2026) till 11:00 AM |
| 17 |
Date of closing of online e-tender for submission of Techno Commercial Bid & Price Bid |
February 9, 2026 (09.02.2026) till 02:00 PM |
| 18 |
Date & time of opening of Part-I (i.e. Techno-Commercial Bid)
Date & Time of opening of Part-II (i.e. Price Bid). |
February 9, 2026 (09.02.2026) at 03:00 PM
Date of opening Part–II will be communicated to eligible bidders through email. |
| 19 |
Presentation by eligible empaneled CPSUs |
To be intimated later. |
| 20 |
Total Time allowed for completion of the Project |
48 Months (to be reckoned from 15th day of letter of award) |
NOTE
1. As this is an e-tender, the rates shall be submitted only in online mode and not on any other documents, otherwise the bid shall be rejected.
2. Further information, Addenda / Corrigendum to the tender, if any, issued in future will only be notified on the RBI Website and MSTC Website as given above and will not be published in the newspaper.
3. The Bank reserves the right to reject any or all the tenders without assigning any reason thereof.
4. This notice is being published for information. This is not an open tender and participation in this tender is limited to the empaneled CPSUs.
Regional Director
Mumbai Regional Office
Reserve Bank of India
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