| Online Request for Proposal (e-RFP) For Engagement of Actuary for valuation of Superannuation Benefit liabilities of The Jammu & Kashmir Bank Ltd | |
|---|---|
| e-RFP Reference Number | JKB/TBD-HR/Actuary/2025-1406 |
| Dated | 26-05-2025 |
| Department Name | Terminal Benefit Department, Human Resources, Corporate Headquarters, M.A. Road, Srinagar, Jammu & Kashmir - 190001 |
| Scope of Work | For undertaking valuation assessment of pension, commutation of pension, gratuity and superannuation leave encashment liability of its employees for a period of three years extendible at Bank’s discretion subject to yearly reviews. Reports required: • Projected valuation report at the beginning of FY as per AS-15 and IndAS-19 • Actual valuation report at the end of FY on actual employee data as per AS-15 and IndAS-19 • Quarterly RBI Tranche reports (on quarterly based employee report) • Quarterly RBI Stress testing reports with various scenarios • Any other report as and when required by the Bank in accordance with statutory requirements |
| Contact Details | Mr. Shamim Ahmad M.No.: 9906333749 Email: shamim@jkbmail.com J&K Bank Terminal Benefit Department, HR Corporate Headquarters, M.A. Road, Srinagar 190001 Email: tbdchq@jkbmail.com |
| Tender Type | Open |
| Bid Document Availability | NIT can be downloaded from and submitted on Bank’s e-Tendering Services Provider’s Portal https://jkbank.abcprocure.com From May 28, 2025, 16.00 Hrs. to June 04, 2025, 17.00 Hrs. |
| Last Date for Pre-Bid Queries & Submission Mode | All Clarifications / Queries shall be raised online only through e-Tendering Portal https://jkbank.abcprocure.com by or before May 30, 2025, 17.00 Hrs. |
| Pre-bid Queries Response Date | All communications regarding queries shall be provided online through the prescribed e-Tendering Portal on June 02, 2025 |
| Last Date of Submission of RFP Bid | June 04, 2025, 17.00 Hrs. |
| Submission of Online Technical Bid & Commercial BID | As prescribed in Bank’s online tender portal https://jkbank.abcprocure.com |
| Tender Processing Fee (Non-Refundable) | ₹500/- (Rupees Five Hundred only) to be deposited through Transfer / NEFT only to below account: Account Name: Tender Fee/Cost Account 16-digit Account No: 9931530300000001 IFSC Code: JAKA0HRDCHQ (0 denotes zero) Bank: The J&K Bank Ltd Branch: Corporate Headquarters, MA Road Srinagar J&K – 190001 Note: UTR Number / Transaction No. & Date may be uploaded as proof on e-Tendering Portal |
| Earnest Money Deposit (EMD) [Refundable] | Nil/= |
| Eligibility & Technical Criteria | As per Tender Document |
| Valuation Report Submission | Expected to be completed and report submitted within 7 days after allotment of assignment |
| Bid Quote | The bid quote should be inclusive of all travel/out-of-pocket and other expenses, if any. Selection/shortlisting of the successful bidder shall be through reverse auction. |
| Corrigendum | All corrigendum will be uploaded on the online tender portal https://jkbank.abcprocure.com only |
| e-Tender Support | M/s. E-procurement Technologies Limited (Auction Tiger) B-705, Wall Street-II, Opp. Orient Club, Ellis Bridge, Near Gujarat College, Ahmedabad - 380006, Gujarat |
| Help Desk | 1. Sandhya Vekariya – 6352631968 2. Suraj Gupta – 6352632310 3. Ijlalaehmad Pathan – 6352631902 4. Imran Sodagar – 9328931942 |
