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GEM

Marketing Division IOC Vehicle Hiring Tender premium sedan per vehicle-day Basis India 2026

Bid Publish Date

18-Feb-2026, 3:26 pm

Bid End Date

04-Mar-2026, 4:00 pm

EMD

₹24,000

Value

₹1,90,28,444

Location

Progress

Issue18-Feb-2026, 3:26 pm
AwardPending
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Quantity

480

Bid Type

Two Packet Bid

Categories 3

Tender Overview

The procuring organization is the Marketing Division, Indian Oil Corporation Limited seeking a Vehicle Hiring Service on a per vehicle-day basis for a Premium Sedan. Scope covers local and hilly routes with round trips, delivered on a per-day charge model. The project value is ₹19,028,443.51 with an EMD of ₹24,000. The arrangement allows a ±25% adjustment in contract quantity or duration at bid issuance and post-award, with acceptance by bidders. This opportunity targets qualified transport providers capable of supplying premium sedans on demand, under terms that accommodate flexible contract scaling at the buyer’s discretion.

Technical Specifications & Requirements

  • Service type: Vehicle Hiring Service per vehicle-day for Premium Sedan.
  • Route scope: Local and Hilly terrains with Round Trip requirement.
  • Quantity/Value: Estimated value ₹19,028,443.51; EMD ₹24,000.
  • Specifications availability: Not specified in BOQ; bidders should align with standard vehicle hiring practices for corporate travel.
  • Submission considerations: ATC terms may govern price adjustments up to 25% during ordering; post-award adjustments are binding on bidders.
  • Compliance expectations: Provide fleet with compliant insurance, driver qualifications, and maintenance records as part of bid response.

Terms, Conditions & Eligibility

  • EMD: ₹24,000 (Payment terms and mode to be specified in ATC/documentation).
  • Quantity/duration flexibility: Contract quantity or duration may be increased/decreased by up to 25% at contract issue and after award (bidder acceptance required).
  • Delivery/availability: Bidder to ensure premium sedan availability for local and hilly routes on a round-trip basis.
  • Documentation: Compliance with IOC procurement processes, including license, insurance, and fleet verification as required by the ATC.
  • Payment terms: To be detailed in the contract; bidders should anticipate corporate travel invoicing and settlement cycles.
  • Warranty/AMC: Not explicitly specified; bidders should propose standard maintenance and incident response terms as part of the bid response.

Key Specifications

  • Service: Vehicle Hiring Service on a per vehicle-day basis

  • Category: Premium Sedan

  • Geography: Local and Hilly routes

  • Trip type: Round Trip

  • Estimated value: ₹19,028,443.51

  • EMD: ₹24,000

  • Quantity flexibility: ±25% at issue and post-award

  • Documentation: Fleet, insurance, and compliance records

Terms & Conditions

  • EMD amount and mode of submission must be completed as per ATC

  • Contract quantity/duration may be adjusted by ±25% at issue

  • Premium sedan fleet must be available for both local and hilly routes on round trips

Important Clauses

Payment Terms

Details to be provided in ATC; bidders should anticipate standard corporate travel invoicing with terms determined in the contract.

Delivery Schedule

Vendor must ensure vehicle availability for on-demand travel, including premium sedans, across local and hilly routes, with round-trip scheduling.

Penalties/Liquidated Damages

LD provisions to be defined in ATC; bidders should prepare for service-level and availability penalties in the contract.

Bidder Eligibility

  • Proven experience in supplying vehicle-hire services to corporate or government entities

  • Fleet size and capability to provide premium sedans on demand

  • Demonstrated financial stability and GST compliance

Documents 5

GeM-Bidding-9006405.pdf

Main Document

Scope Of Work Document

SCOPE_OF_WORK

Buyer uploaded ATC document

ATC

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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Required Documents

1

GST registration proof

2

PAN card copy

3

Experience certificates for similar vehicle-hiring contracts

4

Financial statements or turnover proof

5

EMD submission document (₹24,000)

6

Technical bid documents and fleet details

7

OEM authorizations or fleet certifications (if any)

8

Insurance certificates for vehicles and drivers

9

Any ATC-compliant terms referenced in the tender

Frequently Asked Questions

Key insights about ASSAM tender market

How to bid for the vehicle hiring IOC tender in India 2026?

Submit the EMD of ₹24,000 along with GST and PAN; provide fleet details, experience certificates, and financial statements. Ensure compliance with ATC terms, and align with local and hilly route round-trip requirements for premium sedans.

What documents are required for IOC vehicle hire bid in India?

Provide GST registration, PAN card, experience certificates of similar contracts, financial statements, EMD submission, technical bid documents, fleet insurance, driver licenses, and any OEM authorizations or fleet certifications requested in the ATC.

What are the vehicle specifications for IOC premium sedan hire?

Premium sedan fleet must be available for local and hilly routes, round trips; ensure fleet meets corporate travel standards, with valid insurance, driver qualifications, and maintenance records as part of bid response.

When is the EMD and bid submission deadline for IOC bid?

EMD amount is ₹24,000; bid submission deadlines follow IOC procurement ATC timelines which will specify last date and method of submission. Prepare digital and hard-copy documents as required.

What are the payment terms for IOC vehicle hiring contract?

Payment terms to be detailed in the contract; bidders should expect corporate travel invoicing, with terms defined per delivery and round-trip services, subject to IOC ATC and approved milestones.

How to demonstrate eligibility for IOC vehicle hiring tender 2026?

Show three years of relevant experience, fleet capacity for premium sedans, GST and financial statements, insurance coverage, and fleet maintenance records; ensure ATC compliance and bid submission of required documents.

What is the scope of contract quantity adjustments for IOC tender?

Contract quantity or duration may be adjusted by up to 25% at the time of issue and post-award; bidders must accept revised quantities and durations when issued by IOC.

What standards or certifications are required for IOC vehicle hire?

Standards or certifications are defined in the ATC; bidders should provide fleet insurance, driver qualifications, and any OEM authorizations or certifications requested; ensure compliance with local transport regulations.

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