Life Insurance Corporation Of India Cross Shoulder Bag Tender Indore Madhya Pradesh 2026 - IS 550 Compliant Bag Procurement
Bid Publish Date
15-Aug-2026, 8:30 pm
Bid End Date
25-Aug-2026, 9:00 pm
Location
Progress
Tender Overview
Life Insurance Corporation Of India (Department Of Financial Services) invites bids for CROSS SHOULDER BAG procurement in INDORE, MADHYA PRADESH (452001). The scope centers on supplying a generic cross-shoulder bag for LIC usages, with pricing to include all charges. Bidders must provide GST and PAN, bank details with a canceled cheque, and a non-blacklisting certificate. The buyer reserves a 25% quantity option during and after contract award, with delivery timelines tied to the original order and extended periods calculated as a function of quantity. The bid must comply with terms and submit all required documents at bidding.
This notice emphasizes inclusive pricing and compliance, with multiple ATC clauses requiring adherence to tender terms, and a need to quote at contracted rates for potential quantity adjustments. The regional focus is Indore, making local supplier capability relevant for timely delivery and logistics.
Technical Specifications & Requirements
- Product category: CROSS SHOULDER BAG for corporate/administrative use by LIC-Indore.
- Quantity flexibility: up to 25% increase in bid/contract quantity during placement or currency of contract.
- Pricing condition: quote must be inclusive of all charges (freight, loading/unloading, delivery, GST).
- Documentation required: GST registration, PAN, bank details with canceled cheque, non-blacklisting certificate, acceptance of tender terms, and all relevant bidding documents.
- ATC/terms emphasis: GST and PAN compulsory; bank details; non-blacklisting; full term acceptance; eligibility and submission of documents at bid time.
- Delivery mechanics: delivery period linked to the last date of the original delivery order; extension logic follows the option clause.
- Delivery location: Indore, Madhya Pradesh; specific site not specified in data.
- Standards/quality: no explicit technical standards were provided in the data.
Terms, Conditions & Eligibility
- EMD details: not specified in the data provided.
- Bid qualification: GST and PAN compulsory; bank details with canceled cheque; non-blacklisting certificate; acceptance of terms; all relevant documents to be submitted at bid time.
- Delivery timeline: delivery period begins from the last date of original delivery order; option clause allows up to 25% quantity variation with proportional extension.
- Price mechanism: quoted price must be inclusive of all charges (freight, loading/unloading, delivery charges, GST).
- Documentation: submit GST, PAN, bank details, non-blacklisting certificate, acceptance of terms, and all required bid documents.
- Contract flexibility: purchaser may extend time frames under the option clause; minimum extension strategy aligns with calculated delivery time.
- Compliance: bidders must adhere to all tender terms and ATC clauses.
Key Specifications
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Product/service name: CROSS SHOULDER BAG
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Location: Indore, Madhya Pradesh
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Category: Personal/Corporate Bag procurement for LIC
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Pricing basis: inclusive of all charges (freight, loading/unloading, delivery, GST)
-
Documentation requirements: GST, PAN, bank details, non-blacklisting
-
Delivery terms: initial delivery period from last date of original DO; option to increase quantity up to 25% with proportional extension
Terms & Conditions
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25% quantity option during/after award; delivery period linked to last DO date
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GST and PAN compulsory; bank details with canceled cheque
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Price must include all charges; submit all bid documents at bidding
Important Clauses
Payment Terms
Prices to be quoted inclusive of all charges; no separate freight or GST surcharges outside quoted price
Delivery Schedule
Delivery period to commence from the last date of original delivery order; option clause allows up to 25% quantity variation with time extension calculated as (increased quantity / original quantity) × original delivery period, minimum 30 days
Penalties/Liquidated Damages
Not explicitly stated in data; but ATC implies adherence to delivery terms and acceptance of terms; ensure compliance to avoid penalties
Bidder Eligibility
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GST registration and PAN compliance
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Not blacklisted by any government entity
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Ability to supply cross shoulder bags and meet delivery timelines
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Submission of all mandatory bid documents at bid time
Tender Data
Bid Details
Quantity
1890
Bid Type
Two Packet Bid
Bid Validity
90 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Inspection Required
No
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
No
MII Purchase Preference
No
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
Yes
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Min. Avg. Annual Turnover
1
Past Performance
10 %
Experience Required
3 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Goods
Bid To RA
No
Bid To RA Enabled
No
Item Category
CROSS SHOULDER BAG
Payment Timelines
Payments shall be made to the Seller within 45 days of issue of consignee receipt-cum-acceptance certificate (CRAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Max Delivery Days
15
Delivery Locations
1
Delivery Cities
Indore
Delivery Pincodes
452001
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Sanjay Singh Thakur | 452001,LIC OF INDIA DIVISIONAL OFFICE, JEEVAN PRAKASH,19 M G ROAD, INDORE | Indore | Madhya Pradesh | 452001 | 1890 | 15 | - |
Authority Records
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Documents 3
GeM-Bidding-9761701.pdf
Main Document
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
3
Required Documents
GST registration certificate
Permanent Account Number (PAN) card
Bank details with canceled cheque
Non-blacklisting certificate
Acceptance of terms and conditions of tender
All relevant bid submission documents
Any additional documents requested in ATC clauses
Technical bid documents (if applicable)
OEM authorizations (if required by bidder)
Frequently Asked Questions
Key insights about MADHYA PRADESH tender market
How to bid for cross shoulder bag tender in Indore LIC 2026?
Bidders should submit GST registration, PAN, bank details with canceled cheque, and a non-blacklisting certificate, along with acceptance of terms. Ensure the price is quoted inclusive of all charges, and include OEM/authorizations if required. Prepare all documents by bid deadline and comply with the option clause allowing up to 25% quantity variation.
What documents are required for LIC Indore bag tender submission 2026?
Required documents include GST registration, PAN card, bank details with canceled cheque, non-blacklisting certificate, acceptance of tender terms, and all other bid documents. Additional OEM authorizations or technical bids may be requested depending on supplier profile, with every document validated for accuracy.
What are the delivery terms for the Indore cross shoulder bag tender?
Delivery starts from the last date of the original delivery order. If the option clause is exercised, delivery time extends proportionally to the increased quantity, with a minimum extension of 30 days. The total order quantity can vary up to 25% during the contract period.
What pricing inclusions are required for LIC bag procurement bid in Indore?
Quoted prices must be inclusive of all charges: freight, loading/unloading, delivery charges, and GST. There should be no additional surcharges beyond the quoted amount, and bidders must clearly indicate total cost per unit including all charges.
What standards or certifications are required for Indore bag supply to LIC?
Data does not specify bag-specific standards; bidders should ensure compliance with mandatory tender terms (GST, PAN, non-blacklisting) and provide any OEM/authorizations if requested. Validate packaging and quality per internal LIC guidelines when possible, and maintain traceability for delivery records.
How is the 25% quantity option applied in the LIC Indore tender?
The purchaser may increase the order by up to 25% of the bid quantity at contract placement or during the contract currency at contracted rates. The extended delivery period is calculated as (increased quantity / original quantity) × original delivery period, with a minimum 30 days.