Indian Oil Corporation Limited Reconciliation Contract Packer Finalization Tender 2026 - 2 Year Scope, Rs 11.13L GST Included
Bid Publish Date
23-Apr-2026, 12:39 pm
Bid End Date
07-May-2026, 1:00 pm
Value
₹11,13,316
Location
Progress
Quantity
1
Bid Type
Two Packet Bid
Categories
3
Tender Overview
Organization: Indian Oil Corporation Limited. The procurement seeks finalization of a contract for the reconciliation job of a contract packer for a 2-year period. Estimated value: ₹11,13,315.84 including GST. EMD is waived; bidders must submit a bid security declaration in lieu of EMD. Location is not specified in the data. This opportunity requires precise execution of reconciliation activities for contract packers under IOC. The absence of BOQ items indicates a service-oriented reconciliation scope with strict commitment terms. A primary differentiator is the mandatory bid security declaration replacing traditional EMD, signaling compliance with IOC’s procurement conditions.
Technical Specifications & Requirements
- Contract scope: Reconciliation work for contract packers over a 2-year period
- Estimated tender value: ₹11,13,315.84 (GST included)
- EMD status: Waived; bidders must submit a bid security declaration in lieu of EMD
- Delivery/tenure: Finalization of contract through two-year engagement; quantity/duration adjustments allowed by clause up to 25%
- Category: Custom Bid for Services – Finalization of contract for reconciliation of packers
- No BOQ items or explicit technical specs are provided beyond the service nature of the work
- Relevant terms emphasize adherence to bid terms and potential quantity/duration adjustments at issue
Terms, Conditions & Eligibility
- EMD: Waived; mandatory submission of a bid security declaration instead
- Contract duration: 2 years with potential 25% adjustment up or down at contract issue and post-issuance
- Quantity adjustment: Up to 25% allowed at bid issue and post-issuance
- Bidder responsibilities: Accept revised quantity/duration if adjusted
- Tender value disclosure: ₹11,13,315.84 including GST for the contract period
- Documentation: Submission of GST, PAN, experience certificates, financial statements, and technical bid documents; ensure declarations per IOC terms
- Compliance: Adherence to IOC procurement terms and finalization process for reconciliation services
Key Specifications
-
Product/Service: Reconciliation job of contract packers (finalization of contract) for a 2-year period
-
Estimated tender value: ₹11,13,315.84 including GST
-
EMD status: EMD waived; bid security declaration required
-
Contract duration: 2 years with possible ±25% quantity/duration adjustment at issue
-
Delivery/implementation: Service-based reconciliation activities; no BOQ items provided
-
Standards/Compliance: Not specified; bidders must comply with IOC terms and conditions
-
Warranty/Support: Not specified; focus is on finalization of contract for reconciliation service
Terms & Conditions
-
EMD waived; submission of bid security declaration is mandatory
-
Contract duration fixed at 2 years with ±25% adjustment allowed
-
Estimated value includes GST; bid must reflect service scope for reconciliation
Important Clauses
Payment Terms
Payments will follow IOC policy for reconciliation services; no EMD but bid security declaration required. Details on schedule not provided in data.
Delivery Schedule
Finalization of contract for 2-year reconciliation work; potential quantity/duration adjustments up to 25% at contract issue and post-issuance.
Penalties/Liquidated Damages
Not specified in data; penalties may be defined in IOC final contract terms.
Bidder Eligibility
-
Experience in reconciliation or contract packing services
-
Compliance with GST and tax-related documentation
-
Ability to submit bid security declaration in lieu of EMD
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Custom Bid for Services - FINALIZATION OF CONTRACT FOR RECONCILIATION JOB OF CONTRACT PACKER FOR 2 YEARS
Authority Records
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Documents 6
GeM-Bidding-9247896.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Scope Of Work Document
SCOPE_OF_WORK
Payment Terms & Condition
PAYMENT
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
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Required Documents
GST registration certificate
Permanent Account Number (PAN) card
Experience certificates for similar reconciliation/packers services
Financial statements (last 2 years) or equivalent
Bid security declaration (in lieu of EMD) as mandated by IOC terms
Technical bid submission documents showing service capability
Any OEM authorizations or attestations if required by IOC
Company profile and past performance references
Corrigendum Updates
1 Update Update
Extended Deadline
07-May-2026, 1:00 pm
Opening Date
07-May-2026, 1:30 pm
Frequently Asked Questions
Key insights about WEST BENGAL tender market
How to bid for IOC reconciliation contract packer tender 2026
Bidders should prepare GST registration, PAN, experience certificates, and financial statements; submit a bid security declaration in place of EMD. Ensure understanding of the 2-year contract, potential ±25% adjustments, and provide service capability for reconciliation work as specified.
What documents are required for IOC reconciliation services tender 2026
Submit GST certificate, PAN card, two years of financial statements, relevant experience certificates, technical bid documents, and the mandatory bid security declaration. Include company profile and references showing prior reconciliation/packing services experience where possible.
What is the EMD requirement for Indian Oil reconciliation tender 2026
EMD is waived for this IOC tender; bidders must submit a bid security declaration instead, as mandated by the buyer’s terms and conditions.
What is the contract duration and possible adjustments for IOC packer reconciliation
The contract runs for 2 years with potential adjustments up to 25% of quantity or duration at bid issue and after contract issuance; bidders must accept revised scope if adjustments occur.
What is the estimated value of IOC reconciliation contract 2026
The estimated value is ₹11,13,315.84 including GST for the entire 2-year contract period, indicating a service-focused reconciliation engagement.
What are the payment terms for IOC packer reconciliation services
Detailed payment terms are not provided; bidders should expect IOC’s standard policy for reconciliation services and should confirm milestones and schedule during contract finalization.
What standards or certifications are required for IOC reconciliation tender
No explicit standards are listed; bidders should ensure GST/PAN compliance, experience evidence, and sufficient financials; IOC may require attestations via bid security declaration and technical compliance.
How to verify eligibility for IOC reconciliation contract packer bid 2026
Check eligibility criteria: relevant reconciliation/packer experience, ability to submit bid security declaration, GST compliance, and financial stability; ensure you can commit to 2-year service scope with possible 25% adjustment.
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Documents 6
GeM-Bidding-9247896.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Scope Of Work Document
SCOPE_OF_WORK
Payment Terms & Condition
PAYMENT
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS