Pension Fund Regulatory And Development Authority Toyota Innova Hycross Car Tender 2026 - DF S Procurement

Tender Overview

The Pension Fund Regulatory And Development Authority (PFRDA), under the Department of Financial Services, seeks procurement of a Toyota Innova Hycross Car. The scope notes a vehicle category with unspecified quantity and an estimated value not disclosed. The contract includes an option clause allowing up to 25% quantity variation during and after award, with pricing at contracted rates. Delivery timing is tied to the last date of the original delivery order, with adjustments for extended periods using a defined formula, and a minimum 30-day extra window. This tender emphasizes compliance with the purchaser’s delivery and option mechanics, while leaving open the exact model year or variant within the Innova Hycross family. Unique aspects include a flexible quantity clause and a delivery-time computation methodology that bidders must align with. Tender context remains focused on supplier readiness for guarded quantity adjustments and timely fulfillment under dynamic orders.

Technical Specifications & Requirements

• No technical specifications or BOQ items are provided. Applicants should anticipate eligibility based on standard vehicle supply capabilities rather than granular product specs.
• Key terms include a 25% quantity option during contract execution and an extended delivery time formula: (Increase quantity ÷ Original quantity) × Original delivery period, with a minimum 30 days.
• Delivery start is pegged to the last date of the original delivery order; bidders must prepare to adapt to potential delivery schedule shifts.
• No explicit EMD amount or estimated contract value is disclosed in the data.
• Emphasis on bidder ability to manage variability in quantity while maintaining contracted rates.

Terms & Eligibility

• No explicit EMD amount is disclosed; bidders must prepare to meet standard EMD/secure deposit norms per RFP terms.
• Agreement allows up to 25% additional quantity during contract and currency; pricing remains at contracted rates.
• Delivery timelines hinge on the last date of the original delivery order; extended timelines use the provided formula with a minimum 30-day increase.
• Compliance with purchaser-directed delivery scheduling and option execution is mandatory.
• BOQ contains zero items, indicating a broad vehicle supply capability may be considered.
• All bidders should align with Department of Financial Services procurement rules and PFRDA requirements for vehicle procurement.