Life Insurance Corporation of India Trophy Design and Material Procurement Department of Financial Services India 2026

Tender Overview

Organization: Life Insurance Corporation Of India (LIC) – Department Of Financial Services. Product/Service: Trophy design, material selection, and dimensional specifications for award trophies. Quantity/Value: Not disclosed; a single trophy category with precise measurements to be finalized. Location: India (national procurement). Context: Tender governs the selection of trophy components and finish, including base materials and overall aesthetics, with emphasis on exact dimensions and design. Unique aspects: Firm must submit a trophy sample within 3 days of award; option clause allows up to 25% quantity variation during contract and extended delivery time calculations. Distinctive to this bid is the combination of specified dimensions and design constraints across materials, height, width, base height, and base area, plus GST handling guidance.

Technical Specifications & Requirements

• Category: MATERIAL, DESIGN & DIMENSION
• Specification areas: Material of the Trophy, Material of the Base, Style / Design of the Trophy, Overall Height of the Trophy (In Inch), Width of the Trophy (In Inch), Height of the Base (In Inch), Dimension of the base (L x W) (In Inch)
• Each item requires exact material and design commitment; no generic finish terms. Sample submission requirement: within 3 days post award. GST guidance: bidder to self-verify applicable GST; reimbursement as per actuals or applicable rates, whichever is lower, up to quoted GST percentage. Rates inclusive of all costs.
• Delivery and variation provisions are governed by the option clause allowing a ±25% quantity adjustment and correlated delivery time adjustments.
• If any certificate is missing, bid may be rejected; bidders must ensure all documents accompany the bid per ATC.

Terms, Conditions & Eligibility

• GST: Bidder to verify GST applicability; reimbursement to follow actuals or capped by quoted GST rate.
• Sample submission: Trophy sample to be provided within three days after contract award.
• Option clause: Purchaser may increase/decrease quantity by up to 25%; delivery period recalculated accordingly with minimum 30 days.
• Certificates: All certificates/documents sought must be uploaded; non-submission risks rejection.
• Rates: All-inclusive pricing; no hidden charges beyond GST considerations.
• ATC requirements: Follow all purchaser-specified terms; compliance with specification documents is mandatory.
• Delivery terms: Delivery schedule to align with extended period rules under the option clause; original delivery date is the baseline.
• Payment terms: Not explicitly detailed; GST and compliance terms apply as described.