Urban Transport Directorate Leasing In of Assets Wet Lease Uttar Pradesh 2026

Bidders must submit GST registration, PAN, experience certificates for similar leases, and financial statements. An EMD of ₹200,000 is mandatory on GeM, with no exemption. Ensure OEM authorizations if required and reference the RFP for asset-specific qualifications and delivery terms.

The buyers may modify contract quantity or duration by up to 25% at contract issue and subsequently with consent. For lump-sum service contracts, the scope and value may increase by 25% with the service provider's approval; ensure acceptance terms are aligned in the RFP.

The estimated value is ₹10,000,000 with an EMD of ₹200,000. EMD must be uploaded on the GeM portal, as exemption is not allowed. Prepare funds and submit as per portal guidelines to participate in the bidding.

Delivery schedule is defined in the RFP. Bidders should be ready to deploy leased assets for urban transit operations in Uttar Pradesh within the indicated project timeline and ensure compliance with uptime SLAs and maintenance obligations by the lessor.

The tender data lacks specified standards; bidders should refer to the RFP for required certifications, OEM authorizations, and any ISI/ISO/compliance requirements applicable to the wet-lease assets and maintenance services.

Register on GeM, upload EMT₹200,000 in the EMD, submit GST and PAN, provide experience and financial documents, and comply with any RFP-specified asset maintenance terms. Monitor the GeM portal for addenda and BOQ updates before final submission.

Payment terms will be detailed in the RFP; bidders should expect milestones or monthly payments linked to asset availability, with possible penalties for non-performance and clear invoicing and acceptance criteria as per SLAs.

Under wet lease, maintenance is the responsibility of the lessor as per the RFP. The bidder must demonstrate capability to provide ongoing maintenance and support for the leased transit assets throughout the contract period.