Government Tender Published for Custom Bid for Services - Charter hire of 1 one no 1400 HP Minimum drilling rig package for drillin in KHORDHA, ODISHA

The eligibility requirements involve being a registered entity with prior experience in providing drilling rigs for oil field operations. Bidders must also comply with all technical specifications and industry standards pertinent to the drilling sector, showcasing their capability to handle the operational demands set by OIL India Limited.

The required technical specifications for the drilling rig include a minimum operational capacity of 1400 HP. The rig must meet the safety standards outlined by regulatory agencies and OIL India Limited. Additionally, bidders are expected to provide detailed documentation that delineates how their rig complies with these specifications during the bidding process.

The submission process requires bidders to submit their proposals electronically via the designated tender portal. It is critical to include all necessary documents, such as the technical and financial proposals. Ensuring that all information is correct and uploaded before the deadline is essential for maintaining eligibility for evaluation.

The financial requirements entail providing a comprehensive financial proposal that includes cost structures, payment terms, and any relevant fees associated with the charter hire of the drilling rig. Bidders must demonstrate their financial stability and ensure transparency in all monetary dealings for successful evaluation.

The evaluation process consists of a detailed assessment of both technical and financial proposals based on predefined criteria established by OIL India Limited. Bidders are evaluated on compliance with technical specifications, financial offers, and overall service capability. The bid that represents the best value for money will receive preference in the awarding process.