Oriental Insurance Company Ltd Comprehensive Asset Tagging FAR Reconciliation Tender Delhi 2026
Bid Publish Date
07-Aug-2026, 8:17 pm
Bid End Date
31-Aug-2026, 4:00 pm
EMD
₹1,00,000
Value
₹54,00,000
Location
Progress
Key Highlights
- • Asset tagging and FAR reconciliation for non-IT assets
- • Pan-India service capability required
- • 25% quantity/duration adjustment allowed
- • ₹100,000 EMD; ₹5,400,000 estimated value
- • Integrity Pact compliance mandatory
- • Past experience proofs accepted in multiple formats
- • No explicit BOQ; emphasis on service process and compliance
Tender Overview
Oriental Insurance Company Ltd invites bids for a comprehensive asset tagging, verification, and Fixed Asset Register (FAR) reconciliation of non-IT assets on a pan-India basis. Estimated value: ₹5,400,000; EMD: ₹100,000. Location: CENTRAL DELHI, DELHI - 110002. Scope covers asset tagging, verification, and FAR reconciliation across India, with a potential quantity and duration adjustment up to 25% at contract award or issuance. Bidder must meet integrity pact requirements and provide past-experience proofs. This tender targets service providers capable of delivering asset data accuracy and timely reconciliation for financial controls across multiple locations.
Technical Specifications & Requirements
- Service category: Comprehensive Asset Tagging, verification, and FAR reconciliation for company non-IT assets.
- Delivery scope: Pan-India geographic coverage; data collection, tagging, verification, and FAR alignment.
- Documents required for submission: proof of past experience, integrity pact, and standard bid documents; no explicit hardware specs provided.
- Experience indicators: valid proof from contracts, invoices, client certificates, or third-party inspection notes; multiple acceptable formats are listed with self-certification.
- Compliance orientation: ensure financial controls integrity; focus on accuracy of asset counts, locations, and FAR alignment with organizational records.
- No BOQ items are listed; emphasis on service process and compliance rather than physical goods.
Terms, Conditions & Eligibility
- EMD: ₹100,000 (cash/DD/online as per guidelines).
- Quantity/duration flexibility: up to 25% increase/decrease at contract issue and/or during execution.
- Past experience proofs: contract copies with invoices, execution certificates, or third‑party inspection notes acceptable.
- Integrity Pact: must be uploaded and signed as per buyer policy.
- Documentation: include GST, PAN, experience certificates, financial statements, and other bid documents; failure to submit may lead to rejection.
- Key emphasis: non‑IT asset management expertise, pan-India service capability, and adherence to procurement terms.
Key Specifications
-
Asset tagging, asset verification, and FAR reconciliation for non-IT assets
-
Pan-India deployment with data collection and reconciliation workflow
-
No defined BOQ items; evaluation based on service delivery capability and past performance
-
EMD ₹100,000; estimated contract value ₹5,400,000
-
Integrity Pact compliance and accepted past-experience proofs
Terms & Conditions
-
25% scope/duration adjustments permitted
-
EMD ₹100,000; payment as per terms to be clarified
-
Integrity Pact mandatory for all bidders
Important Clauses
Payment Terms
Terms will be defined in the contract; ensure alignment with milestone-based payments tied to asset tagging and FAR reconciliation milestones.
Delivery Schedule
Pan-India deployment with defined timelines per region; schedule to be finalized post award.
Penalties/Liquidated Damages
LD terms will be specified in the contract; ensure timely delivery and data accuracy to avoid penalties.
Bidder Eligibility
-
Experience in asset tagging and FAR reconciliation for non-IT assets
-
Capability to operate pan-India with remote or field teams
-
Financial strength to support ₹5.4 million contract value
Tender Data
Bid Details
Quantity
1
Similar Category
Financial Audit Services
Bid Type
Two Packet Bid
Bid Validity
180 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
Yes
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Min. Avg. Annual Turnover
216
Experience Required
3 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Custom Bid for Services - Comprehensive Asset Tagging, verification, Fixed Asset Register (FAR) Reconciliation of Company Non IT Assets on Pan India Basis
Advisory Bank
KOTAK MAHINDRA BANK
Payment Timelines
Payments shall be made to the Seller within 45 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Delivery Locations
1
Delivery Cities
Central
Delivery Pincodes
110002
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Arnav Kumar | 110002,The Oriental Insurance Co. Ltd. Oriental House, A- 25/27, Asaf Ali Road | Central | Delhi | 110002 | Project / Lumpsum Based | - | - |
Authority Records
BID & GeM Expert Consultancy
End-to-end support — bid preparation, GeM registration, document filing & compliance by industry experts.
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Documents 9
GeM-Bidding-9727514.pdf
Main Document
Other Documents
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Other Documents
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GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
1 Update Update
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Required Documents
GST registration certificate
Permanent Account Number (PAN) card
Past experience proof (contract copy + invoice with bidder self-certification or client execution certificate)
Financial statements demonstrating capacity to execute
EMD submission document
Technical bid documents and bid compliance certificates
OEM authorizations or service capability certificates if applicable
Signed Integrity Pact as per buyer policy
Frequently Asked Questions
Key insights about DELHI tender market
How to bid for asset tagging and FAR reconciliation in Delhi tender
To bid, ensure you meet the EMD requirement of ₹100,000 and submit GST, PAN, experience proofs, financials, and integrity pact. Provide proof of past asset tagging projects, and demonstrate pan-India deployment capability. Attach contract copies or client certificates as evidence of past performance.
What documents are required for bidder submission in Delhi
Required documents include GST registration, PAN, EMD submission, financial statements, past experience proofs (contracts or client certificates), technical bid documents, and signed Integrity Pact. OEM authorizations are recommended if relevant; ensure all documents are uploaded with the bid.
What are the key technical requirements for asset tagging service
Key requirements focus on tagging accuracy, asset verification, and FAR reconciliation for non-IT assets. No hardware specs are listed; bidders must demonstrate process capabilities, data collection workflows, and compliance with internal control standards for asset registers.
When is the eligibility criteria for pan-India asset management contract
Eligibility hinges on prior experience in similar projects, demonstrated by contract copies and client certificates, ability to deploy nationwide, and financial capacity to handle a ₹5.4 million contract value. Submit integrity pact and all bid documents to qualify.
What is the EMD amount and payment terms for this procurement
The EMD is ₹100,000. Payment terms are defined in the contract; bidders should prepare for milestone-based payments tied to completion of tagging and FAR reconciliation milestones, subject to final contract terms.
What is the scope adjustment allowed during contract execution
The buyer allows up to 25% increase or decrease in contract quantity or duration at the time of issue and during execution, with the service provider’s consent for scope expansion in lumpsum-based contracts.