Indian Oil Corporation Limited Marketing Division Spares Procurement Tender Bhojpur Bihar 2026 - ISM 25% Quantity Variation, 2204110 INR

Tender Overview

The procurement is led by the Indian Oil Corporation Limited (IOC), specifically the Marketing Division, for a broad range of spare parts across 77 line items located in Bhojpur, Bihar (PIN 802152). The estimated contract value is ₹2,204,110.00, with the scope limited to the supply of Goods (no services). A notable bid term allows the purchaser to adjust quantities by up to ±25% during and after contract formation, at contracted rates, with delivery timelines linked to the original or extended delivery period. The tender emphasizes the need for mandatory certificates and documentary uploads; no standard technical specifications are provided in the available data, but the breadth of 77 items implies a wide assortment of spares under a single procurement drive. This structure favors bidders capable of sourcing diverse spares and meeting a unified delivery schedule. A distinctive feature is the option clause for quantity variation, which directly affects planning, pricing, and inventory commitments for bidders. The procurement aligns with IOC’s supplier framework for ready-to-dispatch spares across multiple categories.

Technical Specifications & Requirements

• No explicit technical specifications are published in the provided data. The BoQ lists 77 items, all labeled as spares across multiple sub-categories, implying a broad hardware/software spare parts scope.
• Estimated value: ₹2,204,110.00; bid must cover all cost components (scope of supply states: “Only supply of Goods”).
• Delivery terms reference a flexible schedule driven by the option clause: quantity increases/decreases up to 25%; delivery period to commence from the last delivery order date; extended delivery time calculated as (increased quantity ÷ original quantity) × original delivery period, with a minimum of 30 days.
• Buyer-added terms require bidders to upload all applicable certificates and documents; ATC/corrigendum attachments may specify additional compliance.
• With 77 items, bidders should prepare to fulfill a wide assortment of spare parts with potentially variable specifications.

Terms, Conditions & Eligibility

• EMD amount and exact payment terms are not disclosed in the provided data; bidders should expect standard IOC procurement EMD requirements per the bid document.
• Scope: “Scope of supply” indicates Only supply of Goods; no installation or commissioning services included.
• Certificates: Bidders must upload all certificates/documents sought in the Bid Document and ATC; non-compliance may lead to rejection.
• Delivery: Flexible quantity adjustments exist; ensure supply chain readiness to adhere to 25% quantity variation and related delivery calculations.
• Documentation: Prepare GST registration, PAN, experience certificates, financial statements, and any OEM authorizations as applicable to the 77-item spare parts category.
• Compliance: Adhere to any unlisted but attached ATC/Corrigendum terms in the final bid document.