Armoured Vehicles Nigam Limited GeM LTE Tender 50% Option Clause, India 2026

Bidders must be established and registered firms, submit vendor code documents (PAN, GSTIN, cancelled cheque, EFT mandate), and place bids via GeM. The contract allows a 50% quantity variation and requires compliance with GST reimbursement terms. Ensure warehouse delivery readiness and refer to GeM ATC for payment terms.

Submit PAN Card, GSTIN, Cancelled Cheque, and EFT Mandate certified by the bank. These are mandatory for vendor code creation and bid participation on GeM, ensuring financial and tax compliance before tender submission.

Delivery time is recalculated as (Increased quantity ÷ Original quantity) × Original delivery period, with a minimum extension of 30 days. The purchaser may extend delivery within the original period while exercising the option clause. Ensure schedule alignment with production capabilities.

GST is payable by the bidder, with reimbursement to be made as actuals or as per applicable rates, whichever is lower, constrained to the quoted GST percentage. Clearly indicate GST impact in the bid.

Only established and registered firms on the GeM platform are eligible. Bids from unregistered or non-established suppliers will be ignored, ensuring qualification through verified GeM accounts.

The 50% option clause allows the buyer to increase or decrease the bid quantity up to half of the original quantity at contract award, with proportional time extensions, enabling flexible procurement planning.

Bidders should review the GeM portal tender page and the ATC (additional terms and conditions) uploaded by the buyer, including the LTE route and registered firm requirements, to ensure full compliance before submission.

Bids must be submitted exclusively through the GeM portal by established and registered firms; bids from other entities will be ignored, emphasizing verification of firm status and vendor code readiness.