Hmt Machine Tools Limited Service Tender Heavy Industry Department India 2025 - Excess Settlement Terms & Service Bid

Tender Overview

The invitation is issued by Hmt Machine Tools Limited under the Department Of Heavy Industry for a service tender. The tender introduces an excess settlement option allowing service providers to bill additional charges up to a defined percentage of the item-level total, provided supporting documents are submitted. Bidders must possess credible financial standing and provide past experience proofs as outlined in the terms. An operative requirement mandates the service provider’s office to be located within the state of the consignee, with documentary evidence to be submitted. The opportunity features flexible invoicing within the excess settlement cap and emphasizes compliance, transparency, and verifiable experience as differentiators in a limited BOQ context.

• Organization: Hmt Machine Tools Limited
• Product/Service: Custom Bid for Services
• Location: Not specified; office presence required in consignee state
• Estimated Value: Not disclosed; no BOQ items
• Key differentiator: Excess settlement invoicing with mandatory supporting documents

Technical Specifications & Requirements

This tender carries minimal explicit specifications. Extracted items include the option to declare and include extra charges (excess settlement) up to a defined percentage of the item-level total with addons. Bidder evidence must cover past project experience via contract copies, client execution certificates, or third-party release notes. The buyer requires a documented service provider presence in the consignee state. Financial standing and non-liquidation status are mandatory assurances, while the availability of service offices in the consignee state is a prerequisite.

• Standards/Compliance: Not specified beyond general corporate and financial diligence
• Measurements/Quantities: Not applicable (BOQ shows Total Items: 0)
• Delivery/Installation: Office presence in consignee state; documentary evidence required
• Experience/Certification: Past project experience acceptable via multiple document types
• Contracts/Invoices: Invoices may include excess charges with declared applicability

Terms, Conditions & Eligibility

• EMD: Not disclosed in the provided data; bidders should anticipate standard EMD practice per buyer terms
• Experience: Proof via contract copy + invoice, execution certificate, or third-party notes
• Delivery/Presence: Service provider office must be located in the consignee state; documentary evidence required
• Payment: Not specified in data; adhere to general procurement payment norms per buyer terms
• Documents: GST certificate, PAN card, experience certificates, financial statements, EMD documents, OEM authorizations (as applicable)
• Assessment: No liquidation or bankruptcy status; bidder undertaking required
• Warranty/Support: Not specified in data; vendors should align with standard service commitments