Marketing Division IOCL Varansi Makeen Energy Carousel Spare Parts Tender 2026 ISO/IS 550 compliant Year 2026

Tender Overview

Marketing Division, Indian Oil Corporation Limited (IOCL) invites bids for Makeen Energy Carousel and allied equipment spare parts to be supplied at VARANASI, UTTAR PRADESH. The tender contemplates flexible quantity up to 25% additional quantity and governs delivery periods with a minimum defined cadence. Only MD-approved bidders are eligible; the shortlisted vendor must complete security deposits within 10 days of LOA. The procurement focuses on OEM-grade spare parts for Makeen Energy carousel systems, with emphasis on timely delivery and adherence to IOCL payment mechanics via the e-pay portal. This opportunity targets qualified suppliers to participate in a government-backed supply contract within the UP region and aligns with IOCL overhaul/maintenance programs.

Technical Specifications & Requirements

• Product: Makeen Energy Carousel and allied equipment spare parts (no detailed BOQ items provided).
• Tender scope signals a maintenance/parts replacement program with OEM-backed parts, requiring approved vendor status by IOCL.
• Security deposit options:
  • Full SD: 10% of contract value excluding GST via IOCL e-pay portal.
  • Initial deposit: 2.5% ISD with balance via running bills (7.5%) until full recovery.
  • Bank Guarantee option: 10% of contract value excluding GST or INR 1,00,000, whichever is higher.
• Clause: quantity may increase by up to 25% of bid quantity at contract placement and during currency at contracted rates.
• Delivery timing references: calculated extension rules linked to original delivery period with a minimum 30 days.
• Bidder eligibility: MD-approved IOCL vendors only; unsolicited bids may be rejected.

Terms, Conditions & Eligibility

• EMD/Financial security requirements are specified through the SD/ISD/GK options; ensure compliance with IOCL payment and security norms.
• Eligible bidders must be pre-approved by IOCL (MD) for service tenders; internal approval notifications have been issued.
• Payment terms tied to security deposits and running-bill deductions; ensure ability to process GST-compliant invoices.
• Delivery terms hinge on option clause and extended delivery periods; ensure capacity to scale up to 25% more quantity.
• Documentation for submission includes standard corporate & financials aligned to IOCL T&Cs; ensure timely LOA acceptance and SD submission within 10 days.