Marketing Division, Indian Oil Corporation Limited CMC for Pre-owned Products Tender 2025 in India with 25% Quantity/Duration Flexibility and Security Deposit

Tender Overview

The opportunity comes from the Marketing Division of Indian Oil Corporation Limited for a Comprehensive Maintenance Contract (CMC) related to pre-owned products. The estimated contract value is ₹5,984,370 with potential scope adjustments of up to ±25% in quantity or duration. The tender text indicates a security deposit payable per the tender document and requires all tender documents to be attested and uploaded. The absence of BOQ items suggests a service/maintenance arrangement rather than a discrete equipment buy. This tender emphasizes contract flexibility and post-award invoicing considerations, including an excess settlement mechanism for additional charges, subject to declared applicability and supporting documents. The procurement is directed through IOCL’s Marketing Division and is likely to involve ongoing maintenance rather than one-off deliverables.

Technical Specifications & Requirements

Publicly available technical specs are not provided in the data. Known items include:

• No BOQ items are listed (Total Items: 0).
• SOW includes a requirement to pay a Security Deposit as per tender document.
• An Option Clause allows a ±25% adjustment to contract quantity or duration at issue time and post-issuance.
• An Excess Settlement feature permits additional charges up to a specified percentage of the item-level total, with mandatory supporting documents.
• All documents mentioned in the tender must be attested and uploaded.
• The procurement category is CMC for pre-owned products, suggesting ongoing maintenance of existing assets rather than new installations.
• No explicit standards or technical performance metrics are published in the provided data.

Terms, Conditions & Eligibility

Key contractual terms surfaced:

• Security Deposit payable as per tender document.
• 25% quantity/duration flexibility at contract issuance and post-issuance.
• Excess Settlement option enables charging additional amounts within defined percentage limits, with required supporting documents.
• All submitted documents must be attested and uploaded as part of compliance.
• No explicit EMD amount is provided in the data; bidders should verify exact deposits in the tender document.
• The data indicates a focus on service scope rather than physical delivery, with the existence of a SOW and generic service terms.