Hindustan Petroleum Corporation Ltd Custom Services Tender 2025 Mumbai National - 25% Variation & Excess Settlement Clauses

Tender Overview

Hindustan Petroleum Corporation Ltd invites a custom bid for services with an estimated value of ₹194,700. The procurement location is unspecified, and no Bill of Quantities (BoQ) items are listed. The contract allows a 25% increase or decrease in contract quantity or duration at issue and afterwards, creating a flexible delivery/scale option. An excess settlement feature permits additional charges up to a defined percentage of the item-level total, subject to declared applicability and supporting documents at invoice time. This tender lacks explicit start/end dates or EMD details in the available data, signaling a need for bidders to confirm execution timelines and payment terms upon release of the contract.

Technical Specifications & Requirements

• No operational technical specifications are disclosed in the available tender data.
• The only clear contract mechanics are the 25% option clause for quantity/duration adjustment and the excess settlement provision allowing extra charges up to a set percentage of the order value.
• The absence of a BoQ implies bidders must rely on the organization’s standard service scope or await the formal contract to determine deliverables, milestones, and performance criteria.
• Bidder capability should align with the generic practice for HPCL service contracts, with emphasis on compliance, invoicing clarity, and documentation to support excess settlement charges.
• Prepare to address potential service categories that HPCL commonly sources under “Custom Bid for Services” while awaiting detailed technical specs and OEM/brand requirements.

Terms, Conditions & Eligibility

• 25% variation clause: Contract quantity or duration may be increased or decreased by up to 25% at contract issuance and thereafter.
• Excess settlement: Service providers may include additional charges up to a specified percentage of the item-level total, with mandatory supporting documents and declaration at invoice time.
• EMD & standard docs: Not disclosed in the available data; bidders should verify actual EMD amount and required bid documents in the formal tender release.
• BoQ absence: No items listed; bidders must await specifications or clarify scope during bid submission.
• Ensure readiness to deliver based on HPCL procurement norms, with attention to invoicing for excess settlement when applicable.