GEM

LIC Life Insurance Corporation of India SKY BAGS REFYNE Duffle Trolley Bag 52 Cm Procurement 2025

Posted

22 Oct 2025, 03:37 pm

Deadline

06 Nov 2025, 04:00 pm

EMD

₹50,000

Location

HYDERABAD , TELANGANA

Progress

Issue22 Oct 2025, 03:37 pm
AwardPending
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Quantity

377

Bid Type

Two Packet Bid

Categories 4

TROLLEY TRAVEL AND BUSINESS BAG BAG TROLLEY BAG

Tender Overview

Organization: Life Insurance Corporation Of India (LIC), Department Of Financial Services. Product category: SKY BAGS REFYNE Duffle Trolley Bag, 52 cm. Estimated value: not disclosed; EMD: ₹50,000. Location: not specified in tender data. Unique aspect: buyer has inserted an explicit option clause allowing quantity adjustments up to 25% at contracted rates during and after contract award. This requires bidders to price flexible quantities and plan for delivery timelines that adapt to extended periods beyond the initial order. The lack of BOQ specifics suggests a high emphasis on supplier capability and policy-aligned delivery performance. Tender is positioned as a government procurement by LIC under the Department Of Financial Services.

Technical Specifications & Requirements

  • Product name: SKY BAGS REFYNE Duffle Trolley Bag 52 cm.
  • Specifications available: none listed; bidders must rely on standard suitcase/duffle bag characteristics aligned with 52 cm size.
  • Delivery & scope: implied across multiple quantities with option for 25% variation; delivery start tied to the original delivery order date with potential extension logic. No explicit technical standards or materials provided in the data. Applicants should prepare to demonstrate basic compliance with standard luggage quality expectations and brand compatibility if required by LIC.
  • Experience/eligibility indicators: no explicit SME or vendor criteria published beyond the option clause; bidders should be ready to furnish standard tender documents.

Terms, Conditions & Eligibility

  • EMD: ₹50,000 (paid as part of bid security).
  • Option clause: quantity may be increased/decreased by up to 25% at contracted rates during placement and currency of the contract.
  • Delivery timeline: calculated as extended delivery time using a formula; minimum 30 days; specifics tied to original delivery period.
  • Documentation: bidders must comply with the ATC requirements linked in the uploaded ATC file.
  • Other conditions: No BOQ items; tender relies on generic purchase terms and the option-quantity mechanism.

Key Specifications

  • Product/service: SKY BAGS REFYNE Duffle Trolley Bag, 52 cm

  • Quantity/scope: not specified; overall tender allows ±25% quantity variation

  • EMD/estimated value: ₹50,000 EMD; no estimated contract value published

  • Standards/certifications: not specified in available data; bidders should reference standard luggage quality norms

  • Delivery: extension formula based on (increased quantity ÷ original quantity) × original delivery period, minimum 30 days

  • Experience: no explicit years or turnover published; rely on standard government procurement bid readiness

  • BOQ: Total Items 0; no itemized quantities or technical specs provided

Terms & Conditions

  • EMD of ₹50,000 required with bid submission

  • Quantity may be adjusted up to 25% at contracted rates

  • Delivery period subject to extension calculation; minimum 30 days

Important Clauses

Payment Terms

Not explicitly stated; bidders should expect standard government payment terms and ATC details in the uploaded ATC document

Delivery Schedule

Delivery time to be calculated using (Additional quantity ÷ Original quantity) × Original delivery period, with minimum 30 days; may extend within original delivery period

Penalties/Liquidated Damages

Not specified in provided data; ATC may include LD clauses

Bidder Eligibility

  • Submit ₹50,000 EMD as bid security

  • Provide GST and PAN documentation

  • Demonstrate capability to supply 52 cm luggage within flexible quantity framework

  • Adhere to ATC terms attached to the tender

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Required Documents

1

GST registration certificate

2

Permanent Account Number (PAN) card

3

Experience certificates for similar product supply

4

Recent financial statements or turnover proof

5

Bid Security/EMD receipt of ₹50,000

6

Technical bid documents (compliance with product category and any ATC requirements)

7

OEM authorization or brand-specific certificates if required

8

Any statutory / regulatory certifications applicable to luggage products

Frequently Asked Questions

How to bid for SKY BAGS Refyne luggage tender LIC 2025 procurement

Bidders must submit the EMD of ₹50,000 along with GST, PAN, and experience certificates. Ensure OEM authorizations if required and comply with the ATC terms. The tender allows a quantity variation up to 25%, so price bids should accommodate flexible order sizes and delivery timelines.

What documents are required for LIC luggage tender submission 2025

Submit: GST registration, PAN, experience certificates for similar supply, financial statements, EMD receipt, technical bid documents, and OEM authorizations if applicable. The ATC file must be reviewed for any additional compliance certificates or brand-specific requirements.

What are the delivery terms for LIC 52 cm trolley bag bid

Delivery is governed by the option clause; extended delivery time is calculated as (increased quantity ÷ original quantity) × original delivery period, with a minimum of 30 days. Ensure ability to scale shipments within 25% quantity variation.

What is the minimum EMD for LIC luggage tender 2025

The required bid security amount is ₹50,000. Payable as a demand draft, bank guarantee, or online payment as per tender rules, and ensure validity as per bid submission deadline when ATC terms apply.

What standards or certifications are specified for LIC luggage bid

The tender data does not specify exact standards; bidders should prepare to reference standard luggage quality norms and any ATC-specified certifications. Review the ATC document upload for brand or certification requirements.

How to check eligibility for LIC luggage procurement 2025

Ensure eligibility by submitting EMD ₹50,000, GST and PAN, experience in similar supply, and compliance with OEM authorizations if required. Review and satisfy any ATC clauses regarding delivery flexibility and after-delivery service expectations.

When is the bid submission deadline for LIC luggage tender

The tender data provided does not include dates. Bidders should verify the official portal entry or ATC file for submission deadlines, required documents, and method of bid submission to avoid disqualification.

What are the payment terms for LIC luggage supply contract

Exact payment terms are not stated in the data; bidders should consult the ATC terms. Typically, government contracts involve milestone-based or post-delivery payment within 30–90 days after acceptance, subject to compliance and certification verification.