Oil India Limited GEM Tender for Procurement of Equipment/Services 2026 - Compliance with Option Clause, 25% Quantity Flexibility

Tender Overview

Oil India Limited invites bids on the GEM portal for a multi-item procurement (7 BOQ items) with unspecified product details. The estimated value and EMD amount are not disclosed in the provided data. The tender emphasizes a flexible quantity option of up to 25% during contract execution and again up to 25% during the currency of the contract, with delivery timing linked to the last original delivery order. Bidders should plan for variable ordering and phased deliveries under contracted rates. This tender requires readiness to adapt to changing scope while meeting overall contractual deadlines and price consistency. The context suggests a broad, multi-item purchase with a strong emphasis on option clauses and delivery planning.

Technical Specifications & Requirements

• No explicit product specifications are provided in the data.
• BOQ comprises 7 items, all listed as N/A, indicating missing itemized details.
• The Buyer’s terms include an option clause allowing ±25% quantity adjustments at contract award and during execution, subject to calculated delivery extensions.
• Delivery timing hinges on the last date of the original delivery order; extended delivery time uses a formula: (Additional quantity ÷ Original quantity) × Original delivery period, with a minimum of 30 days.
• The overall procurement appears to be generic, requiring bidders to align with the option-based delivery schedule and contract rates.

Terms, Conditions & Eligibility

• EMD amount and estimated value are not disclosed in the provided tender data.
• The tender explicitly reserves the purchaser’s right to increase or decrease order quantity by up to 25% at bid/contract time and during the currency of the contract.
• Delivery extensions due to option exercise follow a defined calculation and may extend up to the original delivery period.
• Bidders must comply with the option clause and the associated delivery-time adjustments; no further specifics on payment terms or warranty are provided in the data.