Allahabad Bank, Inviting Tender For Engagement of Consultant for designing of Comprehensive IS/CS Audit & ITGRC Audit Framework, CBS Functionality Audit Framework and IS/CS Audit Automation Strategy

Allahabad Bank

 Engagement of Consultant for designing of Comprehensive IS/CS Audit & ITGRC Audit Framework, CBS Functionality Audit Framework and IS/CS Audit Automation Strategy

Tender Overview

·         Tender Type: Request for Proposal (RFP)

·         GeM Bid Ref: GEM/2026/B/7111666

·         Issuing Authority: Indian Bank
(Inspection & Audit Department – IS Audit Cell, Head Office, Chennai)

·         RFP Date: 14-01-2026

·         Nature of Work: Consultancy (Framework Design) – NOT execution audit

·         Selection Method: Technical qualification → L1 via Reverse Auction (GeM)

·         Contract Type: Fixed-price consultancy

Eligibility Criteria

Entity Requirements

·         Company / LLP / PSU

·         Minimum 5 years operations in India

·         Average turnover: ₹25 Cr (₹12.5 Cr for MSE/Start-ups) from consulting

·         Positive net worth (not eroded >30%)

Experience Requirements

·         5+ IS / CS / ITGRC consulting or audit assignments (last 3 years) – BFSI

·         2 CBS functionality audit / design engagements

·         1 automation / GRC / audit tech project

Mandatory Expert Resources

👉 This rules out CA firms, small IT firms, and execution-only auditors.

Commercial & Payment

·         EMD: ₹2,00,000

·         Pricing: Lump-sum Total Cost of Project (TCP) (all-inclusive)

·         Final selection: L1 after reverse auction

·         Prices frozen for full contract period