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Lic Life Insurance Corporation Leasing DG-Set Tender India 2026 – 25% Variation, EMD ₹19,830

Bid Publish Date

01-Jan-2026, 3:16 pm

Bid End Date

12-Jan-2026, 10:00 am

EMD

₹19,830

Value

₹10,00,000

Progress

Issue01-Jan-2026, 3:16 pm
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

Tender Overview

Organization: Life Insurance Corporation Of India (LIC) – Department Of Financial Services. Procurement: Leasing service of DG-Set to support LIC operations. Estimated value: ₹1,000,000; EMD: ₹19,830. Location: not specified in data; national coverage implied. Scope: leasing service for DG-Set equipment, with potential quantity or duration adjustments up to 25% at contract issuance and again post-issuance. Key differentiator: integrated integrity pact requirement; bidder must comply with organization-specific anti-corruption terms. Unique aspect includes the flexibility to modify contract scope by up to 25%.

Technical Specifications & Requirements

  • Product/Service: Leasing service for DG-Set (diesel generator) equipment.
  • Value indicators: Estimated contract value ₹1,000,000; EMD ₹19,830.
  • Delivery/installation: Not specified in data; bidders should prepare fleet availability and service response capabilities.
  • Standards/Compliance: No explicit technical standards listed; bidders should plan for generic industry compliance and LIC procurement practices.
  • Eligibility cues: Bidder must provide undertaking not to be in liquidation or bankruptcy; integrity pact to be uploaded signed.
  • BOQ: No items listed in BOQ; implies broad service scope rather than discrete line items.

Terms & Eligibility

  • Variation clause: 25% increase/decrease in contract quantity or duration permitted at contract issue and post-issuance.
  • Financial standing: Bidder must declare non-liquidation and non-bankruptcy status with bid.
  • Integrity Pact: Bidder to upload scanned signed integrity pact per LIC policy.
  • Documentation: Prepare standard bid documents and commitment for compliance with buyer terms; no BOQ items to submit.
  • Security/EMD: ₹19,830 as EMD; terms not specifying payment method here.
  • Other: No explicit warranty or SLA defined in data; bidders should anticipate LIC standard terms.

Key Specifications

  • Product/Service: DG-Set leasing service

  • Estimated contract value: ₹1,000,000

  • EMD amount: ₹19,830

  • Variation rights: contract quantity/duration adjustable up to 25%

  • Integrity pact: mandatory signed submission

  • BOQ: Not populated; indicates generic service scope rather than itemized deliverables

Terms & Conditions

  • 25% quantity/duration variation rights at contract issue and post-issuance

  • Mandatory integrity pact signed and uploaded with bid

  • EMD of ₹19,830 required; bidder must demonstrate financial credibility

Important Clauses

Payment Terms

No explicit payment schedule provided in data; bidders should expect LIC procurement norms and confirm terms during bid submission.

Delivery Schedule

Delivery/availability commitments not specified; bidders must propose DG-Set deployment and service readiness timelines in their technical bid.

Penalties/Liquidated Damages

No LD details disclosed; bidders should assume standard LIC procurement penalties and clarify SLA penalties in proposal.

Bidder Eligibility

  • Not under liquidation, court receivership, or bankruptcy

  • Must upload signed integrity pact

  • Demonstrable DG-Set leasing or asset-management experience

  • Financial statements as proof of stability

  • GST and PAN compliant

Past Similar Tenders (Historical Results)

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Leasing Service of DG-Set

Lic - Life Insurance Corporation Of India

FAIZABAD, UTTAR PRADESH

Posted: 23 July 2025
Closed: 2 August 2025
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Required Documents

1

GST registration certificate

2

Permanent Account Number (PAN) card

3

Experience certificates (DG-Set leasing or similar asset management experience)

4

Financial statements demonstrating stability

5

EMD payment proof (₹19,830)

6

Technical bid document outlining fleet capacity and service capabilities

7

OEM authorizations or service partner credentials (if required by LIC)

8

Signed integrity pact as per LIC policy

9

Any other documents requested in the T&Cs

Frequently Asked Questions

How to bid for the LIC DG-Set leasing tender in India 2026

To bid, bidders must submit GST, PAN, experience certificates, financials, and EMD of ₹19,830, plus a signed integrity pact. The contract allows up to 25% change in quantity or duration. Prepare an approach detailing DG-Set fleet capacity, maintenance SLA, and delivery readiness, aligned with LIC policies.

What documents are required for LIC DG-Set leasing procurement in 2026

Required documents include GST certificate, PAN, audited financial statements, experience certificates for similar DG-Set leasing, EMD proof of ₹19,830, signed integrity pact, OEM authorizations if applicable, and technical bid detailing fleet capability and service commitments.

What are the key eligibility criteria for LIC DG-Set bid 2026

Eligibility includes non-liquidation status, non-bankruptcy, capacity to lease DG-Set assets, and commitment to integrity pact. Submit financial stability proof and experience in asset-leasing or generator management to qualify for LIC procurement.

What is the EMD amount for LIC DG-Set leasing tender 2026

EMD stands at ₹19,830. Submit payment proof with bid, ensuring deposit aligns with LIC’s tender terms. Ensure the EMD is valid through the bid submission and evaluation period as per LIC policy.

When is the LIC DG-Set lease bid submission deadline 2026

The tender data provided does not include explicit dates. Bidders should monitor LIC procurement portal for notice updates and ensure readiness of all documents, including EMD and integrity pact, to comply with any announced deadlines.

What standards or certifications are required for LIC DG-Set leasing

No specific standards are listed in the data. Bidders should ensure conformity with general LIC procurement norms, provide OEM authorizations if required, and include service-level commitments, maintenance capabilities, and safety compliance for DG-Set leasing.

How to prepare an integrity pact for LIC tender 2026

Download LIC’s integrity pact template, sign with authorized signatory, and upload scanned copy with the bid. The pact ensures anti-corruption compliance; ensure all parties adhere to the policy and reflect in the technical bid.

What deployment and service commitments should be included for LIC DG-Set

Propose fleet readiness, on-site response times, preventive maintenance schedules, spare parts availability, and minimum uptime targets. Include escalation matrix, 24/7 support plan, and clearly defined penalties or SLAs in the proposal.

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