GEM

Indian Overseas Bank Custom Service Bid Meerut Uttar Pradesh 2025

Bid Publish Date

19-Nov-2025, 4:09 pm

Bid End Date

29-Nov-2025, 5:00 pm

Bid Opening Date

29-Nov-2025, 5:30 pm

Value

₹8,00,000

Progress

Issue19-Nov-2025, 4:09 pm
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

Key Highlights

  • Consortium-enabled bidding with joint responsibility and designated lead
  • Option Clause permitting ±25% quantity/duration adjustment at and after contract issue
  • Excess Settlement allowing additional charges with documented support
  • SOW attached file governs service scope; explicit BOQ absent
  • Bidder financial health undertaking required; no liquidation status
  • No explicit EMD value available in data; verify in terms

Categories 1

Tender Overview

Indian Overseas Bank invites a custom bid for services in Meerut, Uttar Pradesh (245206) with an estimated value of ₹800,000. The procurement is for an unspecified service category under a flexible quantity/duration framework, allowing a 25% increase/decrease at contract issue and again up to 25% post-issue. An excess settlement option permits additional charges within a defined percentage, supported by mandatory documentation. A bidder must address financial stability, non-liquidation status, and potential consortium arrangements as applicable. The SOW is provided as an attached file; no BOQ items are listed. This opportunity requires careful alignment with the buyer’s service scope and invoicing rules.

Technical Specifications & Requirements

  • No explicit product specifications or technical tables are provided.
  • Key terms embedded in the buyer terms:
    • Option Clause: contract quantity/duration may vary by up to 25% at issue and post-issue.
    • Excess Settlement: allow extra charges up to the specified percentage of item-level value with supporting documents.
    • Consortium: allowed; each member is equally responsible for execution; lead firm designated.
    • SOW attached file outlines scope; no BOQ items listed.
  • Submissions should anticipate generic service deliverables and alignment with the attached SOW.

Terms, Conditions & Eligibility

  • Bidder financial standing: must not be under liquidation or similar proceedings; upload an undertaking.
  • Consortium allowed: multiple firms can bid with a lead, all parties jointly responsible.
  • EMD not disclosed in available data; bidders should verify requirement in the T&Cs.
  • Delivery/Payment terms: not specified; expect to follow standard IOB procurement timelines once contract is issued.
  • Documentation: submit undertaking for financial health, consortium agreement, and SOW compliance.

Key Specifications

  • Estimated value: ₹ 800,000

  • Option Clause: quantity/duration up to 25% at issue and post-issue

  • Excess Settlement: additional charges allowed within specified percentage with documentation

  • Consortium: permitted; lead firm responsible for contract execution

  • SOW: attached file outlines scope; no BOQ items listed

Terms & Conditions

  • 25% contract quantity/duration variation allowance at contract issue

  • Excess settlement mechanism with required supporting documents

  • Consortium bidding permitted with joint liability and lead designation

Important Clauses

Payment Terms

Payment terms are not specified in data; bidders should expect standard procurement terms per IOB once contract is issued

Delivery Schedule

Delivery timelines are not provided; contract will define schedule post-award; anticipate SOW guidance

Penalties/Liquidated Damages

No LD details present; penalties to be defined in the awarded contract per IOB terms

Bidder Eligibility

  • Not under liquidation or equivalent proceedings (undertaking required)

  • Capability to operate as a consortium with equal liability

  • Ability to comply with SOW attached documentation and standard procurement terms

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Historical Data

Required Documents

1

GST registration certificate

2

Permanent Account Number (PAN) card

3

Experience certificates for relevant services

4

Financial statements for the last 2-3 years

5

EMD/Security deposit documentation (as per Terms)

6

Technical bid documents demonstrating service capability

7

OEM authorizations or consortium agreements (if applicable)

8

Undertakings on non-liquidation status and financial standing

Frequently Asked Questions

Key insights about UTTAR PRADESH tender market

How to bid for the Meerut services tender with Indian Overseas Bank?

Bidders should review the SOW attachment, ensure consortium readiness if needed, and confirm financial health via the undertaking. Prepare GST, PAN, experience docs, financials, EMD, and technical bid as per Terms. The 25% option clause may affect quantities; include supporting documents for excess settlement if applicable.

What documents are required to participate in the IOB Meerut bid 2025?

Submit GST certificate, PAN, 2-3 years of financial statements, experience certificates for relevant services, EMD receipts, technical compliance documents, OEM authorizations or consortium agreements, and an undertaking on non-liquidation status. Ensure SOW alignment with attached file.

What are the key specifications for the IOB service contract in Meerut?

No explicit BOQ; focus on the attached SOW for service scope. Expect standard service deliverables, and prepare to justify capability to handle ±25% quantity/duration changes, with documentation supporting any excess settlement charges.

When is the delivery schedule defined for the IOB Meerut tender?

Delivery timelines are not specified in the available data. The contract will define the schedule post-award, aligned with the SOW requirements. Bidders should be ready to mobilize per contract milestones once issued.

What is the EMD requirement for the IOB Meerut procurement 2025?

EMD amount is not disclosed in the provided data. Verify the exact EMD value and submission method in the final Terms and Conditions before bid submission, ensuring compliance with the 25% option clause.

How does the 25% option clause affect bids for the IOB service tender?

The buyer may adjust contract quantity or duration by up to 25% at issue and after issue. Bidders must accept revisions and provide flexibility in deployment, while pricing must account for potential changes.

What consortium requirements apply to the IOB Meerut bid 2025?

Consortium is allowed with one leader; all members share equal responsibility for contract execution. An undertaking to this effect must be uploaded with the bid, and the lead must coordinate all deliverables per the SOW.

Which standards or certifications are needed for this IOB tender in Meerut?

No specific standards are listed in the available data. Bidders should reference the final T&Cs and SOW for any required certifications, and prepare typical compliance documents (GST, PAN, financials, technical compliance) accordingly.

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