Corrigendum-4 RFP Ref. No. IFSCA/Technology/2025/002

International Financial Services Centres Authority (A Statutory Authority established by Government of India) 2nd & 3rd Floor, Savvy Pragya, Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat - 382355, India.

Corrigendum - 04 RFP Reference No. IFSCA/Technology/2025/001 dated 09 June 2025

Dated: 11th August 2025

Subject: Corrigendum 04 to the RFP titled “Selection of Solution Provider for Digital Regulatory Reporting (DRR) Solution of IFSCA”.

The clauses given under the column ‘Relevant Clause’ in the table below are the clauses currently present in the RFP with Ref. No. IFSCA/ Technology/2025/001 and/ or Corrigendum 03 dated 21st July 2025. These clauses are being replaced/ modified with the clauses mentioned under column ‘Modified/ Replaced clause/ The clause to be read as’ of the table below and the RFP shall be read in accordance with the Replaced Clauses.

Except as otherwise provided herein; all other clauses and terms & conditions of the RFP remain unchanged.

S. No. Section/ Sub Section Relevant Clause Modified/ Replaced Clause/ The clause to be read as 1 Corrigendum 03 of The RFP notice/ advertisement will be published in the The RFP notice/ advertisement will be published in the

DRR RFP following: following: a) e-Procurement Portal of IFSCA: a) e-Procurement Portal of IFSCA:

Schedule of Events > https://ifsca.enivida.com/ https://ifsca.enivida.com/ Advertisement of RFP b) Official Website of IFSCA: b) Official Website of IFSCA:

https://ifsca.gov.in/ https://ifsca.gov.in/ Page No. 1 c) 4 Indian National Newspapers c) 4 Indian National Newspapers The RFP will be published on the e-Procurement The RFP will be published on the e-Procurement Portal Portal of IFSCA from 09 June 2025 up till 1500 hours of of IFSCA from 09 June 2025 up till 1500 hours IST of 11th August 2025. 11th August 2025 25th August 2025.

2 Corrigendum 03 of 11th August 2025 at 1500 hrs. 11th August 2025 25th August 2025 at 1500 hrs IST.

DRR RFP The bids shall be uploaded in the format and mode as The bids shall be uploaded in the format and mode as

provided for in the e-Procurement Portal for this RFP provided for in the e-Procurement Portal for this RFP Schedule of Events > Page 1 of 6Last date (deadline) for and shall be digitally signed by the authorized and shall be digitally signed by the authorized signatory submission of bids signatory by the Solution Provider. by the Solution Provider.

including EMD (on or before) The Solution Provider shall make the EMD payment The Solution Provider shall make the EMD payment online via IFSCA’s e-Procurement portal. online via IFSCA’s e-Procurement portal.

Page No. 1-2 3 Corrigendum 03 of Date and time for opening of Pre-qualification bids of Date and time for opening of Pre-qualification bids of DRR RFP the bidders. the bidders.

Schedule of Events > 12th August 2025 at 1500 hrs. 12th August 2025 26th August 2025 at 1500 hrs IST.

Advertisement of RFP Page No. 2 4 Corrigendum 03 of Turnover of the Solution Provider Turnover of the Solution Provider DRR RFP The Bidder turnover in FY 2024-25 from IT and IT The Bidder turnover in FY 2024-25 from IT and IT Eligibility and enabled services (ITeS). enabled services (ITeS).

Evaluation Criteria >

9.2.2 Technical In case the company/ LLP operates on calendar year, In case the company/ LLP operates on calendar year, Evaluation Criteria > the audited statements will be required for calendar the audited statements will be required for calendar Table Point A year 2024. year 2024.

Page No. 6-7 Note: For the purpose of this criterion, turnover Note: For the purpose of this criterion, turnover includes application development/ implementation/ includes application development/ implementation/ maintenance excluding equipment licensing and/or maintenance excluding equipment licensing and/or consulting. Also, turnover of only the bidding entity consulting. Also, t Turnover of only the bidding entity will be considered. The turnover of any parent, will be considered. The turnover of any parent, subsidiary, associated or other related entity will not subsidiary, associated or other related entity will not be considered. be considered.

Marks distribution: Marks distribution: a. 70 Crores up to 150 Crores: 05 marks a. 70 Crores up to 150 Crores: 05 marks b. More than 150 Crores up to 200 Crores: 06 marks b. More than 150 Crores up to 200 Crores: 06 marks Page 2 of 6c. More than 200 Crores up to 250 Crores: 07 marks c. More than 200 Crores up to 250 Crores: 07 marks d. More than 250 Crores up to 300 Crores: 08 marks d. More than 250 Crores up to 300 Crores: 08 marks e. More than 300 Crores up to 350 Crores: 09 marks e. More than 300 Crores up to 350 Crores: 09 marks f. More than 350 Crores: 10 marks f. More than 350 Crores: 10 marks

Note: The Turnover should be in INR Note: The Turnover should be in INR.

5 Corrigendum 03 of CMMI level and Certifications > Max Marks (15) CMMI level and Certifications > Max Marks (15) DRR RFP

Bidder has valid: Bidder has valid:

9. Eligibility and a. CMMI level a. CMMI level Evaluation Criteria > a. CMMI Level 3: 06 marks a. CMMI Level 3: 06 marks

9.2.2 Technical b. CMMI Level 4: 08 marks b. CMMI Level 4: 08 marks Evaluation Criteria > c. CMMI Level 5: 10 marks c. CMMI Level 5: 10 marks Table Point D b. ISO 27001:2015 or ISO 27001:2022: 03 marks b. ISO 27001:2015 2013 or ISO 27001:2022: 03 marks c. ISO 9000/ ISO 9001: 02 marks c. ISO 9000/ ISO 9001: 02 marks Page No. 9 Required Documents/ Evidence: Required Documents/ Evidence:

CMMI level 3 or above, ISO certificate valid as on due CMMI level 3 or above, ISO certificates valid as on due date of submission of bid date of submission of bid 6 DRR RFP The Solution Provider shall not include any technical The Solution Provider shall not include any technical information regarding the services in the commercial information regarding the services in the commercial

9.Eligibility and proposal. Prices shall be quoted entirely in Indian proposal. Prices shall be quoted entirely in Indian Evaluation Criteria > Rupees (INR). The Commercial Proposal must be Rupees (INR). The Commercial Proposal must be

9.3.2 Prices detailed and must cover each year of the contract detailed and must cover each year of the contract term. term. It is mandatory to submit exact replica of pre- It is mandatory to submit exact replica of pre- Page No. 95 qualification, technical and commercial proposal qualification, technical and commercial proposal submitted online in three different sealed covers. In submitted online in three different sealed covers. In the the event of a variation being observed in online and event of a variation being observed in online and physical copy, the document submitted online shall physical copy, the document submitted online shall stand valid. The Commercial proposal shall contain stand valid. The Commercial proposal shall contain the the prices both in ‘figures' and in ‘words’, wherever prices both in ‘figures' and in ‘words’, wherever sought sought for in the commercial forms given in this for in the commercial forms given in this document.

document.

Page 3 of 67 DRR RFP The Solution Provider shall furnish, as part of its Bid, an The Solution Provider shall furnish, as part of its Bid, an EMD amount as per the Fact Sheet. In case of offline EMD amount online through the e-Procurement

Part B: General Terms EMD submission, the Solution Provider shall seal the portal of IFSCA (https://ifsca.enivida.com/) as per and Conditions > EMD envelope containing the original Bank Guarantee/ the Fact Sheet. In case of offline EMD submission, the

11.11 Submission of Demand Draft separately. The Solution Provider shall Solution Provider shall seal the EMD envelope Bids > Point 10 mark its name and RFP reference number on the reverse of the Demand Draft and Bank Guarantee containing the original Bank Guarantee/ Demand Draft Page No. 107 before sealing the same. The address of IFSCA, Name separately. The Solution Provider shall mark its name and Address of the Solution Provider and the RFP and RFP reference number on the reverse of the Reference Number shall be marked on the envelope.

Demand Draft and Bank Guarantee before sealing the The envelope shall also be marked with a sentence same. The address of IFSCA, Name and Address of the “NOT TO BE OPENED BEFORE THE DATE AND TIME OF Solution Provider and the RFP Reference Number shall PRE-QUALIFICATION BID OPENING”. If the envelope is be marked on the envelope. The envelope shall also be not marked as above, the IFSCA will not assume any responsibility for its misplacement, pre-mature marked with a sentence “NOT TO BE OPENED BEFORE opening, etc. The envelope shall be submitted before THE DATE AND TIME OF PRE-QUALIFICATION BID the last date and time of bid submission to the OPENING”. If the envelope is not marked as above, the authority specified in the Fact Sheet.

IFSCA will not assume any responsibility for its misplacement, pre-mature opening, etc. The envelope shall be submitted before the last date and time of bid submission to the authority specified in the Fact Sheet.

8 DRR RFP Notwithstanding what has been stated elsewhere in Notwithstanding what has been stated elsewhere in this Agreement and the schedules attached herein, this Agreement and the schedules attached herein,

Part C: Annexures > IFSCA shall not be liable to SP for any indirect or IFSCA shall not be liable to SP for any indirect or consequential damages. consequential damages. Neither Party shall be liable Annexure I - MASTER to the other for any indirect or consequential SERVICE losses, unless expressly stated otherwise in this AGREEMENT > 11.2 Contract.

Limitation of Liability > Point d Page No. 162 Page 4 of 69 DRR RFP The Intellectual Property Rights of all the assets The Intellectual Property Rights of all the assets exclusively purchased and/ or used for IFSCA and /or exclusively purchased and/ or used for IFSCA and /or

Part C: Annexures > created during the term of this Agreement shall always created during the term of this Agreement shall always Annexure I - MASTER remain vested with IFSCA. It is also clarified that all the remain vested with IFSCA. It is also clarified that all the SERVICE ownership rights etc. on the Bespoke Software and ownership rights etc. on the Bespoke Software and pre-existing Application, infrastructure, and other AGREEMENT > 14.4 pre-existing Application, infrastructure, and other Assets will always remain vested with the IFSCA Other Works Assets will always remain vested with the IFSCA. All RFP deliverables under this contract will belong to Page No. 164 IFSCA, unless agreed otherwise in writing. The Solution Provider keeps ownership of any pre- existing applications or materials it uses, included in the RFP deliverable, IFSCA gets a permanent, worldwide, royalty-free license to use them as part of the deliverables. Any proprietary applications, tools or scripts used must be disclosed and licensed the same way. Any third-party software licenses needed for the deliverables must be procured in IFSCA’s name and transferred to IFSCA.

The Solution Provider shall, during the course of the contract, upon completion of deliverables, and/or upon termination for any reason, hand over to IFSCA all assets, deliverables, source code, documentation, configuration details, access credentials, and all relevant licenses created or used under this RFP, in a form enabling uninterrupted future usage and maintenance by IFSCA.

10 DRR RFP New Text Integrity Pact shall be signed by the authorised representative of the bidder and duly stamped on Rs. One hundred (100/-) stamp paper. The integrity Page 5 of 6Annexure 3C - pact shall be uploaded in e-Procurement Portal of Formats for the Pre- IFSCA:

Qualification Bid https://ifsca.enivida.com/ along with the bid.

Response > III.

Integrity Pact The original Integrity pact duly stamped and signed by an authorised signatory of the bidder should be Page No. 222-227 submitted within the bid submission date and time

for the RFP at the address mentioned below:

General Manager-IT 2nd & 3rd Floor, Savvy Pragya, Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat - 382355, India

Note: If any bidder has already submitted the bid, the Integrity Pact must still be duly signed, stamped, and sent via courier within the bid submission date and time for the RFP.

Sd/- General Manager-IT (IFSCA) 11th August 2025 *** Page 6 of 6