GEM

LIC Life Insurance Corporation Leasing Service of DG-Set 30 KVA Faizabad 2025

Bid Publish Date

20-Nov-2025, 1:48 pm

Bid End Date

01-Dec-2025, 2:00 pm

Bid Opening Date

01-Dec-2025, 2:30 pm

EMD

₹42,000

Value

₹20,94,000

Location

FAIZABAD , UTTAR PRADESH

Progress

Issue20-Nov-2025, 1:48 pm
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

Tender Overview

Life Insurance Corporation Of India—Department of Financial Services invites bids for the leasing of a new 30 KVA smokeless and noiseless DG-Set housed in an acoustic enclosure for its office in the Faizabad region. Estimated contract value is ₹2,094,000 with an EMD of ₹42,000. The procurement focuses on a turnkey DG-set leasing arrangement, including installation in a compliant acoustic enclosure, with a contract duration that may adjust up to 25% at order or issue. The tender allows an “excess settlement” option for invoicing of additional charges within a defined cap. Unique clause ensures a bank-guarantee option for security deposit. Procurement context centers on reliable, low-noise power backup for LIC facilities.

Technical Specifications & Requirements

  • Product: 30 KVA DG-Set in Acoustic Enclosure for office use, smokeless and noiseless operation.
  • Location context: Faizabad region with branch office installation.
  • Financials: Estimated value ₹2,094,000; EMD ₹42,000; Security Deposit 5% of initial three-year hiring charges; Security may be via Bank Guarantee.
  • Contract dynamics: Bidder must accept up to 25% quantity/duration variation; Excess settlement option allowed with supporting docs.
  • Compliance: No specific IS/ISO cited in data; ensure bank guarantee or deposit per LIC terms; adherence to security deposit replenishment if deductions occur.
  • Delivery/Installation: DG-set to be installed in office premises with acoustic enclosure; project-specific ATC clauses provided by LIC.

Terms, Conditions & Eligibility

  • EMD: ₹42,000 payable, non-interest bearing.
  • Security Deposit: 5% of initial contract period (three years) via cash/online deposit or Bank Guarantee; Bank Guarantee valid for contract period plus 6 months.
  • Delivery timeline: Contractor to adhere to LIC terms; replenishment of security deposit if recoveries occur.
  • Payment terms: Not fully specified in data; Bank Guarantee option highlighted for security deposit.
  • Documentation: Submit standard GST, Pan, experience certificates, financials, EMD documents; OEM authorizations may be required per ATC. Bid must be accompanied by ATC-compliant documents.
  • Quantity/duration: Tender permits up to 25% increase/decrease at contract issue and post-issuance within stated limit.
  • Penalties/Warranty: Not specified in provided data; ATC clauses may define remedies.

Key Specifications

  • Product/service names and categories: DG-Set leasing, 30 KVA, smokeless and noiseless with acoustic enclosure.

  • Quantities/values: Estimated value ₹2,094,000; EMD ₹42,000; Security Deposit 5% of initial three-year hire charges.

  • Standards/certifications: No explicit standards listed in tender data; ensure compliance with LIC ATC and bank-guarantee provisions.

  • Delivery/installation: DG-set to be installed in LIC branch office Faizabad area within contract terms; acoustic enclosure included.

  • Warranty/maintenance: Not specified in data; refer to ATC for service/AMC terms.

Important Clauses

Payment Terms

Payment terms are not fully specified; security deposit via Bank Guarantee is allowed with full amount; timely payments will follow LIC terms.

Delivery Schedule

Delivery/installation of 30 KVA DG-set with acoustic enclosure at LIC office in Faizabad; site readiness and coordination required per ATC.

Penalties/Liquidated Damages

Penalties/LD details are not included in data; ATC may specify LD for delays or non-compliance.

Bidder Eligibility

  • Experience in supplying or leasing DG-sets (30 KVA or higher) to government or financial institutions

  • Financial capacity to cover ₹2,094,000 contract value and 5% security deposit

  • Ability to furnish Bank Guarantee from a Scheduled Commercial Bank and adhere to LIC ATC

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Required Documents

1

GST registration certificate

2

Permanent Account Number (PAN)

3

Experience certificates for similar DG-set leasing projects

4

Financial statements (last 2-3 years)

5

EMD submission document (DD/online receipt) for ₹42,000

6

Technical bid documents and compliance certificates

7

OEM authorization (if required by ATC)

8

Bank Guarantee form (if selecting security deposit option)

9

Any other LIC-specified documents in ATC

Frequently Asked Questions

Key insights about UTTAR PRADESH tender market

How to bid for LIC DG-set leasing in Faizabad 2025?

Bidders must submit the EMD of ₹42,000 along with GST, PAN, experience certificates, and financial statements. Ensure the DG-set is 30 KVA, smokeless, noiseless, and housed in an acoustic enclosure; comply with the Bank Guarantee option for security deposit and the 25% quantity/duration flexibility.

What are the EMD and security deposit requirements for LIC Faizabad tender?

EMD is ₹42,000 non-interest bearing. Security Deposit is 5% of the initial three-year hire charges, payable via cash/online or Bank Guarantee from a Scheduled Commercial Bank, valid through contract plus 6 months.

What documents are required to participate in LIC Faizabad DG-set tender?

Submit GST registration, PAN, experience certificates for similar leasing, financial statements, EMD receipt, technical bid documents, and any OEM authorizations; if using Bank Guarantee for security, provide the guarantee documentation per LIC ATC.

What are the delivery/installation requirements for the 30 KVA DG-set?

DG-set must be installed in LIC premises at Faizabad with an acoustic enclosure. The installation terms are defined in the ATC; ensure compliance with site access, electrical connections, and noise-emission limits as per LIC specifications.

Are there any quantity or duration adjustments allowed in this LIC tender?

Yes. The buyer may adjust contract quantity or duration up to 25% at contract issue and again within 25% post-issuance; bidders must agree to revised quantities or durations when invoked by LIC.

What is the estimated contract value and EMD amount for this LIC leasing bid?

Estimated contract value is ₹2,094,000 with an EMD of ₹42,000. Bidders should align bid pricing to cover the three-year hire period and the security deposit requirements as specified.

What is the excess settlement option in LIC DG-set tender terms?

Excess settlement allows service providers to include additional charges up to a capped percentage of the item-level total value, supported by mandatory documentation; total invoice must not exceed the agreed excess percentage.

Which bank guarantees are acceptable as security for LIC Faizabad tender?

Bank Guarantees must be issued by a Scheduled Commercial Bank (not cooperative or RRBs), covering contract period plus six months, conforming to LIC specimen forms provided in ATC.

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