Oriental Insurance Company Ltd Milestone/Deliverable Based Consultants Tender Central Delhi 2026
Bid Publish Date
31-Aug-2026, 6:38 pm
Bid End Date
16-Oct-2026, 4:00 pm
EMD
₹1,00,00,000
Location
Progress
Tender Overview
Oriental Insurance Company Ltd invites bids for Milestone/Deliverable Based Consultants in CENTRAL DELHI, DELHI-110002, under the Department of Financial Services. The procurement is hybrid (as per scope of work) and follows the RFP terms. The project carries an EMD of ₹10,000,000 and includes potential scope variations up to 25% at contract issuance and during execution. The tender requires bidders to align with RFP criteria; the absence of BOQ items suggests a scope defined in the RFP rather than fixed quantities. This opportunity targets consultants capable of delivering defined milestones across the contract period with deliverable-based payments.
Technical Specifications & Requirements
- Organization: Oriental Insurance Company Ltd
- Location: CENTRAL DELHI, DELHI-110002
- Category: Hiring of Consultants - Milestone/Deliverable Based - As per RFP; Hybrid
- EMD: ₹10,000,000 (ten million)
- Contract flexibility: 25% quantity/duration variation allowed, both pre- and post-issuance
- Contract form: Lump-sum and milestone-driven deliverables possible, as per RFP
- BOQ: No items listed; scope defined in RFP terms
- Compliance: Terms & conditions of the RFP prevail; ATC clauses allow scope adjustment with service provider consent
- Key risk/variance: Variation allowed up to 25% with mutual agreement; ensure alignment with hybrid execution
Terms, Conditions & Eligibility
- EMD: ₹10,000,000; payment and submission conditions per RFP
- Evaluation: All technical criteria, evaluation framework, and terms as per RFP remain binding
- Delivery/Performance: Scope and milestones defined in the RFP; variations up to 25% permissible
- Contractual flexibility: Option to adjust scope/duration with bidder acceptance
- ATC/ATC Clause: Text-based terms apply; bidders must satisfy RFP terms and conditions
- Submission: Include standard bid documents as per RFP requirements; no BOQ items to submit
Key Specifications
-
EMD amount: ₹10,000,000
-
Contract type: Milestone/Deliverable Based with potential 25% variation
-
Delivery model: Hybrid (as per scope of work in RFP)
-
No fixed BOQ items; scope defined within RFP terms
-
RFP-prevailing evaluation criteria and terms
Terms & Conditions
-
EMD must be submitted as specified (₹10,000,000) with bid
-
Scope may vary up to 25% during issuance and execution
-
Contract follows RFP terms; hybrid delivery as per scope
Important Clauses
Payment Terms
Payments tied to milestone deliverables per RFP; exact schedule dictated by contract
Delivery Schedule
Milestones to be defined in RFP; variation up to 25% allowed with consent
Penalties/Liquidated Damages
Penalty terms and performance penalties to be specified in the RFP; not disclosed here
Bidder Eligibility
-
Experience in delivering milestone-based consultancy contracts
-
Financial capacity to mobilize resources for ₹10,000,000 EMD and project costs
-
Ability to operate in or with entities under the Department of Financial Services
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
180 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
Yes
MII Compliance
Yes
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Min. Avg. Annual Turnover
20000
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Hiring of Consultants - Milestone/Deliverable Based - As per RFP; As per RFP; Yes; Hybrid(As specified in scope of work)
Advisory Bank
KOTAK MAHINDRA BANK
Payment Timelines
Payments shall be made to the Seller within 30 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Pre-Bid & Qualification
Pre-Bid Date
09-09-2026 15:00:00
Pre-Bid Venue
Pre bid queries will be addressed through VC or offline mode
Delivery Details
Delivery Locations
1
Delivery Cities
Central
Delivery Pincodes
110002
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Sushil Kumar Jain | 110002,The Oriental Insurance Co. Ltd. Oriental House, A- 25/27, Asaf Ali Road, New Delhi - 110002 India | Central | Delhi | 110002 | Project / Lumpsum Based | - | - |
Authority Records
BID & GeM Expert Consultancy
End-to-end support — bid preparation, GeM registration, document filing & compliance by industry experts.
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Documents 6
GeM-Bidding-9827331.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
8 Updates Update
Update
Extended Deadline
16-Oct-2026, 10:30 am
Opening Date
17-Oct-2026, 10:30 am
Update
Update
Update
Extended Deadline
15-Oct-2026, 10:30 am
Opening Date
16-Oct-2026, 10:30 am
Update
Update
Extended Deadline
30-Sep-2026, 3:30 pm
Opening Date
01-Oct-2026, 3:30 pm
Update
Categories
1
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Required Documents
GST Registration Certificate
PAN Card
Experience Certificates for relevant consultancy engagements
Financial Statements (last 2-3 years or as specified in RFP)
EMD payment proof (DD/bank guarantee or online remittance) for ₹10,000,000
Technical Bid Documents as per RFP
OEM/Partner Authorizations or relevant alliance letters (if applicable)
Any other documents specifically requested in the RFP terms
Frequently Asked Questions
Key insights about DELHI tender market
How to bid for the consultants tender in Delhi 2026?
Bidders must satisfy RFP criteria, submit GST PAN, EMD ₹10,000,000 proof, and technical bid documents. Ensure milestone-based deliverables align with hybrid scope, and confirm acceptance of up to 25% scope variation. Follow submission as per RFP guidelines for Oriental Insurance Company Ltd.
What documents are required for the Delhi consultants tender?
Required documents include GST registration, PAN, detailed experience certificates, last 2-3 years of financial statements, EMD proof, technical bid, and any OEM authorizations. Ensure all documents are current and match bidder details to avoid rejection.
What is the EMD amount for the Oriental Insurance tender in Delhi?
The tender requires an EMD of ₹10,000,000. Submit credible payment proof (DD or online transfer) as per RFP instructions. EMD secures bid validity and eligibility for evaluation; ensure compliance with payment deadlines stated in the RFP.
What are the delivery terms for the milestone-based consultancy tender?
Delivery terms follow the RFP milestones with deliverable-based payments. A 25% scope variation is permitted at issuance and during execution, subject to mutual agreement. Ensure milestones are clearly defined in the contract to avoid disputes.
Which location is identified for this consultants procurement in Delhi?
The project scope targets CENTRAL DELHI, DELHI-110002. Bidders must demonstrate capability to deploy consultants within or for services linked to this jurisdiction, aligning with the RFP’s Department of Financial Services requirements.
What happens if there is a scope change during the contract?
As per the ATC, the buyer may increase scope up to 25% with bidder consent. Post-issuance, the contract can be increased by 25% only if the service provider agrees to the revised scope and value, maintaining milestone-based integrity.
What should be included in the technical bid for this consultancy tender?
The technical bid must align with RFP criteria, include implementation plans for milestone deliverables, resource plans, past project experience in similar consultancy roles, and compliance with departmental procurement policies; ensure all documents are properly notarized and signed.