Indian Oil Corporation Limited GeM Tender for Fastener Components (Stud, AS, A193, B8M, NUT, A194, B8M) 2026

Tender Overview

Indian Oil Corporation Limited invites bids on the GeM platform for fastener components including STUD, AS, A193, B8M, NUT, A194, B8M in various metric sizes (M14×60, M20×100, M24×130, M27×150). While the tender’s location and start/end dates are not disclosed, the procurement scope covers high-strength fasteners listed in multiple catalog entries (5735195934, 5735204884, 5735183634, 5735181804). An option clause permits up to a 25% quantity increase/decrease at contracted rates, with delivery time adjustments tied to extended periods and a minimum 30 days rule. A third-party inspection by IOCL-approved agencies is included, with inspection charges embedded in quoted prices. Bidders must ensure GST compliance, and invoices must be raised in the consignee’s GSTIN. This tender emphasizes formalities around vendor code creation and financial standing, with an emphasis on accurate GST treatment and bank-backed EFT processes.

Technical Specifications & Requirements

• Product/Service Names: STUD, AS, A193, B8M, NUT, A194, B8M fasteners in specified sizes: M14×60, M20×100, M24×130, M27×150; multiple catalog references correspond to distinct item groups.
• Inspection: IOCL-approved Third Party Inspection (TPI) with charges included; no time extensions for inspection delays.
• Pricing: Quoted prices must include all testing, inspection, and destructive testing if required; IBR/IGC compliance implied through terms.
• Invoicing: Invoice to be generated in consignee name with consignee GSTIN; GST portal payment confirmation required.
• Documentation & Compliance: PAN, GSTIN, canceled cheque, EFT mandate; bid to include vendor code creation documents.
• Delivery Terms: Option clause governs delivery extension and quantity variation, with a minimum delivery window of 30 days.

Terms, Conditions & Eligibility

• EMD/Financial Standing: Bidder must not be under liquidation or bankruptcy; must upload a supportive undertaking.
• GST & Tax: Bidder bears GST responsibility; reimbursement capped to quoted GST rate or actuals, whichever is lower.
• Vendor Code & Bank Details: Submission of PAN, GSTIN, canceled cheque, EFT mandate cert.
• Inspection: IOCL TPI as per terms; bidder arranges third-party inspection and submits release notes on time.
• Delivery & Schedules: Delivery per extended period if option clause exercised; minimum 30 days for any extension.
• Invoices: GST-compliant invoices; GST payment confirmation screenshot required on GeM portal.
• General Compliance: Must adhere to all terms; no BOQ items listed; quantities subject to 25% variation.