Indian Oil Corporation Limited IOC Marketing Division Tank Inspection TPI for MS Horizontal Tanks Patna Bihar 2025

Tender Overview

Indian Oil Corporation Limited – Marketing Division in Patna, Bihar invites bids for TPI for Tank Inspection of MS Horizontal Tanks. Estimated value: ₹9,693,346.00. Category: Custom Bid for Services. Scope centers on third-party inspection services for existing MS horizontal storage tanks. Tender includes an option clause allowing ±25% variation in quantity or duration prior to contract issuance and a separate excess settlement mechanism enabling additional charges within a defined cap. This procurement targets experienced service providers capable of delivering inspection, reporting, and compliance documentation for IOC’s tank assets in the Patna region. Unique aspects include the absence of listed BOQ items and the inclusion of ATC-uploaded terms. This tender emphasizes compliance with IOC’s internal QA/inspection standards and audit-ready deliverables. Location-specific procurement highlights a need for local regulatory alignment and timely inspection cycles.

Technical Specifications & Requirements

• Service category: Tank Passive/Third-Party Inspection (TPI) for MS Horizontal Tanks.
• No formal BOQ items disclosed; tender data does not publish explicit technical specs
• Estimated contract value: ₹9,693,346.00; no stated EMD
• Key contract levers: up to 25% quantity/duration adjustment; excess settlement option with invoicing support documents
• ATC document uploaded by buyer; additional terms may govern engagement
• No explicit delivery milestones or performance metrics provided in data; bidders must prepare for IOC quality/QA expectations and audit documentation
• Emphasis on compliance with internal IOC procedures and report formats

Terms, Conditions & Eligibility

• Option Clause: Quantity/duration may be increased up to 25% before contract issue; post-issue, adjustments capped at 25%.
• Excess Settlement: Allows bidders to charge up to a percentage of the item-level total; requires declaration at invoice and submission of supporting documents.
• EMD/Financials: No explicit EMD amount disclosed in tender data; bidders should verify current IOC requirements.
• ATC/Others: Buyer-uploaded ATC document governs terms; bidders must review this file for conditions and compliance.
• BOQ: No items listed in BOQ; scope derives from service category and ATC terms; bidders should seek clarification on deliverables and acceptance criteria.
• Compliance with IOC procurement policies, quality assurance, and audit-ready reporting is implied.