GEM

Indian Oil Corporation Limited Marketing Division Speed Breaker Tender 2025 - 25% Quantity Variation Clause & ₹96,000 Estimated Value

Posted

19 Oct 2025, 11:34 am

Deadline

03 Nov 2025, 12:00 pm

Value

₹96,000

Location

REWARI , HARYANA

Progress

Issue19 Oct 2025, 11:34 am
AwardPending
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Quantity

160

Category

Speed breaker

Bid Type

Single Packet Bid

Categories 1

SPEED STOPPERS

Tender Overview

The opportunity is issued by the Indian Oil Corporation Limited – Marketing Division for procurement of speed breakers. The estimated contract value is ₹96,000.00, with a flexible quantity framework allowing up to 25% increase or decrease from bid quantity and during the currency of the contract. Location details are not specified, and the BoQ items are listed as five lines but show N/A quantities. The procurement emphasizes a formal option clause, extension calculations, and adherence to the supplier’s bid at contracted rates. A distinctive feature is the ATC document uploaded by the buyer. This tender requires bidders to align with the option-based delivery schedule and ensure readiness for potential quantity fluctuations within the stated bounds.

Technical Specifications & Requirements

  • Product category: speed breakers (speed breaker-1 to speed breaker-4) with five BoQ entries listed as N/A.
  • No explicit technical specifications or performance standards provided in the data.
  • The contract includes an option clause allowing up to 25% quantity fluctuation at contracted rates.
  • Delivery timeline mechanics: delivery period begins from the last date of the original delivery order; additional time computed as (Additional quantity ÷ Original quantity) × Original delivery period, minimum 30 days.
  • If option clause exercised, extended duration may be capped to the original delivery period. The buyer requires compliance with these terms.
  • An uploaded ATC document accompanies the bid for bidder reference.

Terms, Conditions & Eligibility

  • EMD amount is not disclosed in the tender data.
  • Quantity can be adjusted by up to 25% at the time of purchase and during the contract period at the contracted price.
  • Delivery period adjustments are calculated per the formula, with a minimum extension of 30 days.
  • Bidders must adhere to the option clause and related delivery logic as specified by the Purchaser.
  • The BoQ items are listed as five entries with non-specified quantities, and bidders should consult the ATC document for any supplementary conditions.

Key Specifications

    • Product name: speed breakers (speed breaker-1 to speed breaker-4)
    • BoQ items: 5 lines with Quantity: N/A and Unit: N/A
    • Estimated value: ₹96,000.00
    • EMD: amount not disclosed in tender data
    • Variation rights: up to 25% quantity adjustment at bid/contract stage
    • Delivery logic: delivery starts from last date of original DO; additional time = (additional quantity ÷ original quantity) × original delivery period, minimum 30 days

Terms & Conditions

  • Key Term 1: Option clause permits ±25% quantity change at contracted rates

  • Key Term 2: Delivery period extends via calculated formula with minimum 30 days

  • Key Term 3: BoQ shows 5 items with quantities not specified; ATC document governs specific terms

Important Clauses

Payment Terms

No explicit payment terms provided in data; refer to ATC for payment schedule and conditions

Delivery Schedule

Delivery period begins from the last date of the original delivery order; extension calculated as (additional quantity ÷ original quantity) × original delivery period, min 30 days

Penalties/Liquidated Damages

Not detailed in provided data; ATC document may specify LD provisions

Bidder Eligibility

  • Ability to execute speed breaker procurement with conformity to ATC terms

  • Compliance with 25% quantity variation and contracted rate adjustments

  • Submission of mandatory documents (GST, PAN, experience, financials) as per Terms

Bill of Quantities (BOQ) 5 Items

Item # Title Description Quantity Unit Consignee Delivery (Days)
1 Speed breaker Speed breaker 40 pieces [email protected] 25
2 Speed breaker -1 Speed breaker 30 pieces [email protected] 25
3 Speed breaker-2 Speed breaker 30 pieces [email protected] 25
4 Speed breaker-3 Speed breaker 30 pieces [email protected] 25
5 Speed breaker-4 Speed breaker 30 pieces [email protected] 25

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Required Documents

1

GST certificate

2

PAN card

3

Experience certificates

4

Financial statements

5

EMD documents (if applicable per ATC/Terms)

6

Technical bid documents

7

OEM authorizations (if required by ATC)

8

Any other bidder submission documents specified in Terms and Conditions

Frequently Asked Questions

How to bid on IOCL speed breaker tender 2025 in India

Bidders should prepare GST registration, PAN, experience certificates, and financial statements, plus EMD documents if required by the ATC. Review the ATC for delivery terms and the 25% quantity variation clause. Ensure the speed breakers meet project scope and submit all technical bid documents with the applicant.

What documents are required for IOCL speed breaker bid 2025

Required documents include GST certificate, PAN card, experience certificates in similar supply, financial statements, EMD submissions (as per ATC), technical bid documents, and OEM authorizations if specified. Ensure tender-specific forms are completed and signed before submission.

What are the delivery terms for IOCL speed breaker tender

Delivery starts from the last date of the original delivery order. If quantity changes, time extensions are calculated as (additional quantity ÷ original quantity) × original delivery period, with a minimum extension of 30 days. The contractor must absorb variations within the contracted rate.

How is quantity variation handled in IOCL speed breaker tender

The purchaser may increase or decrease quantities up to 25% at contracted rates at order placement and during contract currency. The additional delivery time is calculated by the specified formula, ensuring minimum 30 days extension when needed.

What standards or ATC references govern IOCL speed breaker bid

The tender includes an ATC document uploaded by the buyer. Adhere to ATC-specified terms, including any applicable performance criteria, delivery timelines, and documentation requirements beyond the basic bid forms.

When is the estimated value and EMD for IOCL speed breakers

Estimated value is ₹96,000.00 for the speed breaker procurement. The EMD amount is not disclosed in the provided tender data; bidders should check the ATC for exact EMD requirements and payment terms.

What is the process to submit IOCL speed breaker bid 2025

Prepare the bid dossier with technical and financial bids, compile required documents (GST, PAN, experience, financials), attach OEM authorizations if required, and submit as per the Terms & ATC guidelines. Ensure quantities align to 25% variation and delivery schedule provisions.

What happens if quantity increases beyond 25% in IOCL tender

Any increase beyond 25% is not guaranteed; the purchaser may approve extensions or other adjustments only under the 25% variation framework. Contracted rates apply to any approved additional quantity, with delivery extensions calculated per the specified formula.