Indian Oil Corporation Limited Item-wise Tender Vadodara Gujarat 390001 - 25% Quantity Option Clause 2026

Tender Overview

IOCL (Indian Oil Corporation Limited) in Vadodara, Gujarat invites bids for five items under a single tender window. The exact product category is not disclosed in the data, but the procurement spans 5 items with unspecified quantities, and an estimated value is not disclosed. Unique features include an option clause allowing up to 25% quantity variation and corresponding delivery time adjustments. The contract accommodates adjustments during the currency period at contracted rates, with delivery linked to the last date of the original delivery order. This tender requires bidders to align with the option-based delivery framework and ensure flexible packaging of consignments within the extended windows.

Technical Specifications & Requirements

• Five items are listed in the Bill of Quantities, but item-level specifications and quantities are not provided in the data.
• Key contractual term: option clause enabling up to 25% increase in ordered quantity, and up to 25% during the contract currency at contracted rates.
• Delivery period mechanics: base delivery period starts after the original order; extended time is calculated as (increased quantity ÷ original quantity) × original delivery period, with a minimum of 30 days.
• The purchaser may extend delivery duration to the original delivery period while exercising the option clause.
• An ATC document is referenced, indicating there are bidder-specific terms beyond the main tender text.

Terms, Conditions & Eligibility

• Delivery risk and contingency: option-based quantity adjustments up to 25%; delivery timelines shift accordingly.
• Payment/contractual framework details are not fully disclosed; bidders must review the ATC for complete terms.
• EMD amount and submission specifics are not stated in the visible data; bidders should reference the ATC and tender portal for exact figures.
• The tender explicitly requires compliance with the option clause and delivery scheduling rules.
• No explicit item-level standards, warranties, or penalties are listed in the provided data; refer to the ATC for penalties, acceptance criteria, and AMC/warranty terms.