IOCL Procurement Tender 2026 for Schedule Enquiry Items PRMM262009 at IOCL Location - IS 550/ISO Standards Compliance

Tender Overview

Organization: Indian Oil Corporation Limited (IOCL). Procurement: Schedule 1/2/3 enquiry items under PRMM262009, Sr. Nos. 10, 20, 30. Estimated value and Start/End dates are not disclosed. Location: IOCL facilities in India (location not specified). Scope centers on IOCL’s requirement for items under multiple enquiry schedules with inclusion of third‑party inspection and GST handling guidance. A notable differentiator is the explicit inclusion of third‑party inspection by IOCL approved agencies and the related inspection costs within quoted prices. The option clause allows quantity variation up to 25% and extended delivery time calculations, subject to minimum 30 days. This tender emphasizes compliance with IOCL’s inspection regime and GST practices.

Technical Specifications & Requirements

• No formal technical specifications are published in the tender; however, the Terms and Conditions specify that third‑party inspection (TPI) by IOCL approved agencies is mandatory and included in the bid price.
• Invoices must be raised in the consignee’s name with the consignee GSTIN; GST compliance is required with portal verification and payment screenshot.
• TPI charges, IBR/IGC/NACE/Radiography charges, and any destructive testing, if applicable, are included in quoted prices.
• The tender expects bidder readiness to accommodate 25% quantity variation and extended delivery periods calculated as (Increased quantity ÷ Original quantity) × Original delivery period with a minimum of 30 days.
• No BOQ items are listed, suggesting a flexible, open item management approach aligned with IOCL’s inspection regime and import content provisions.

Terms & Eligibility

• EMD and specific financial eligibility are not disclosed; bidders must ensure non‑liquidation status and provide an undertaking if in financial distress.
• GST responsibility lies with the bidder; IOCL will reimburse GST at actuals or prevailing rate, capped by quoted GST percentage.
• Invoicing must adhere to GST compliance on the GeM portal, including GST invoice scan and GST payment confirmation.
• IOCL reserves the right to inspect and approve, through TPI, with no additional time extensions for inspection delays.
• Delivery time and quantity adjustments follow the option clause, with potential extensions explained in the contract terms.