Indian Oil Corporation Limited ST1594/ST6552 Tender 2026 Procurement — Delivery Flexibility & 25% Option Clause

Tender Overview

Organization: Indian Oil Corporation Limited. Procurement category: ST1594, ST6552. Location: Not specified in tender data. Estimated value: Not disclosed. EMD: Not disclosed. The tender lacks product/service specifications and BOQ items; however, it incorporates a flexible quantity mechanism and ATC terms. Bidders should prepare for potential scope adjustment up to 25% of bid quantity and currency-based delivery timing. The inclusion of an ATC document suggests additional, bidder-specific conditions. This tender’s decisive feature is the option clause enabling quantity variation and delivery-time recalculation, which requires robust project planning and risk assessment from bidders.

Technical Specifications & Requirements

• No technical specifications are provided in the tender data.
• Key extract: Option Clause allowing +/- 25% quantity variation at contract award and during currency, at contracted rates.
• Delivery period mechanics: delivery starts from the last date of the original delivery order; extended period uses (additional quantity / original quantity) × original delivery period, minimum 30 days.
• If original period < 30 days, additional time equals the original delivery period. Purchaser may extend calculated duration up to the original delivery period.
• ATC document uploaded by Buyer; bidders should review the ATC for compliance, safety and documentation expectations.
• Category codes ST1594/ST6552 indicate sectoral applicability; no product-specific standards stated.

Terms, Conditions & Eligibility

• EMD: Not disclosed; verify in ATC and tender portal updates.
• Delivery: Variable via option clause; extended delivery time rules apply with minimum 30 days.
• Payment terms: Not specified in data; rely on standard IOC terms and ATC.
• Experience/turnover: Not specified; bidders should prepare corporate credentials and financials per IOC norms.
• Documents: Await mandatory submission list from Terms and Conditions/ATC; ensure GSTIN, PAN, experience certificates, and financial statements readiness.
• Penalties: Not detailed; monitor ATC for LD or performance penalties.
• This tender emphasizes quantity flexibility and strategic timing considerations, demanding bidders with robust supply chain and risk mitigation capabilities.