Tender Overview
Indian Oil Corporation Limited invites bids for the additive package ST1567 under its procurement scope in India. The tender references a bulk additive package with no BOQ items listed, indicating a single-line product category rather than multiple sub-commodities. The document highlights an option clause enabling a ±25% quantity adjustment at contract placement and during currency, with rates fixed to the contracted price. The delivery cadence is tied to the original delivery end date, with added time calculated as (Increased quantity ÷ Original quantity) × Original delivery period, subject to a minimum of 30 days. The ATC document is uploaded by the bidder, signaling compliance and clarifications may be addressed through the ATC file. This tender stands as IOC procurement for additive packaging components in the current cycle.
Technical Specifications & Requirements
- Product/Service: additive package ST1567 (as procurement category)
- BOQ items: 0 total items (no itemized quantities available)
- Standards/Compliance: Not specified in the data; bidder to review ATC document for exact compliance notes
- Quantity & Value: No explicit quantity or estimated value disclosed in the provided data
- Delivery & Scheduling: Delivery period adjustments per option clause; minimum extension time 30 days; extensions up to original delivery period allowed
- Tender Context: Organization’s internal procurement process; bidders may rely on ATC for clarification on product specs and scope
- Special Clauses: Quantity flex (±25%), extension logic tied to original delivery period; delivery commences from the last date of original DO
- Documentation: ATC document uploaded; bidders should consult it for technical and compliance details
Terms, Conditions & Eligibility
- EMD / Security: Not disclosed in the provided data; confirm via ATC or tender documents
- Delivery Terms: Increased quantity delivery time formula; minimum 30 days; delivery extension may occur within the original window
- Payment Terms: Not specified in the available data; verify in ATC or contract terms
- Experience / Turnover: Not specified; IOCATC will define eligibility criteria in the ATC document
- Warranty / Penalties: Not specified; refer to ATC for performance/bond requirements if any
- Documents to Submit: ATC-derived requirements; GST, PAN, experience certificates, financials, EMD, OEM authorizations may be required per standard IOC tenders
- Right to Modify: Purchaser may adjust quantity up to 25% during contract period; procurement can accommodate changes at contracted rates