Indian Oil Corporation Limited St 3552/St 3554, St 65548 Tender 2026 - Restricted GeM Bid with 25% Quantity Flexibility

Tender Overview

Organization: Indian Oil Corporation Limited. The procurement involves specified service/item categories under St 3552/St 3554 and St 65548 with no BOQ items listed. This is a restricted tender requiring prior internal approval from Indian Oil (MD) to participate. The tender emphasizes an option clause: quantity may be increased or decreased by up to 25% of bid quantity at contract award and during currency, at contracted rates. Delivery timelines trigger from the last date of the original delivery order, with additional time proportional to increased quantity, minimum 30 days. No start/end dates or estimated value are disclosed.

Technical Specifications & Requirements

• Restriction: Only pre-approved/empaneled vendors for respective items may submit bids; unsolicited offers will be rejected.
• Option Clause: 25% quantity flexibility at contract and during currency; calculation formula: (Increased quantity ÷ Original quantity) × Original delivery period, minimum 30 days.
• Delivery: Additional time may extend up to the original delivery period; terms allow extension during the extended period.
• ATC: An uploaded ATC document governs tender-specific terms; bidders should view the ATC for item-specific conditions.
• BOQ: No BoQ items available; implies itemized quantities/specifications are defined in internal IOC/GeM documents.
• Eligibility: Restricted to IOC-approved bidders for the respective items.

Terms, Conditions & Eligibility

• EMD/Payment: Not disclosed in provided data; bidders should verify EMD terms in ATC/GeM tender document.
• Delivery & Extension: Option to extend delivery in line with the option clause; extension mechanics specified above.
• Documentation: Only approved vendors may participate; unapproved bids treated as unsolicited and rejected.
• Brand/OEM: No explicit brand/OEM requirements in data; check ATC for any brand-specific conditions.
• Acceptance: Final acceptance subject to IOC approval and empanelment for the specific items.
• Compliance: Vendors must comply with the embedded terms in GeM and the IOC ATCs to participate.