Tender Details
Description / Scope of Work
The Bank of Punjab, headquartered in Lahore, invites sealed bids for the acquisition of SWIFT Independent Security Assessment Services as detailed in Schedule-A of the bidding documents. This consultancy engagement encompasses a comprehensive security assessment of the bank's SWIFT infrastructure and related systems, with an estimated project value of Rs. 2,500,000. The scope includes complete technical evaluation, gap identification, compliance recommendations, and revalidation services. Delivery of services must commence within two weeks of purchase order issuance. The procurement follows the Public Procurement Regulatory Authority (PPRA) single-stage two-envelope procedure.
Eligible bidders must submit bids complying fully with all specifications and terms outlined in the bidding documents. A bid security of 2% of the estimated cost (Rs. 50,000) must be submitted digitally via 1Link or Bank Guarantee through the e-Procurement portal using the generated PSID before 29 October 2026 at 11:00 AM. Technical bids will be opened the same date at 11:30 AM. All quoted prices must be in Pakistani Rupees and include applicable taxes such as GST and Income Tax. Bids lacking tax inclusion or deviating from specifications will be rejected as non-responsive.
Bid documents are available free of cost from the PPRA website and Punjab e-Procurement System at https://ep.punjab.gov.pk. Bidders must submit complete proposals including all line items, technical specifications, and warranty support details. Bids remain valid for 90 days from the closing date. The payment structure is milestone-based: 30% upon purchase order issuance, 40% upon completion and acceptance of the final assessment report, and 30% following revalidation of identified gaps. Late delivery incurs penalties of 0.15% of bid value per day. Further inquiries should be directed to the Centralized Procurement Department, Bank of Punjab Head Office, Lahore.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender, written with AI from the official notice and checked by our quality rules — not part of the official notice. Always confirm details against the original tender document.
Bank of Punjab seeks a specialized SWIFT security assessment consultant—a niche, high-stakes engagement worth Rs.
2.5M covering infrastructure audit, compliance gaps, and revalidation. Two-week delivery post-PO is tight for a comprehensive assessment. This is a one-off consultancy (not recurring maintenance). Bidders must demonstrate SWIFT-specific expertise and ability to mobilize rapidly; payment is heavily back-loaded (only 30% upfront, 70% on deliverables), creating cash-flow risk. Penalties for delays are steep. Competition likely limited to firms with banking IT audit credentials.
Who can bid: Eligibility criteria not explicitly stated in notice. Typically, IT consultancy requires NTN/SECP registration, valid tax clearance, and demonstrated experience in SWIFT/banking security audits. No PEC category applies (non-construction). Bidders must comply fully with PPRA procedures and use the e-Procurement portal with generated PSID.