Indian Oil Corporation Limited Audit Services Paradip Refinery & Petrochemical Complex - Copper-Silver Corrosion Testing Coupons 3-Year Contract 2026

Tender Overview

Indian Oil Corporation Limited invites bids for a three-year contract to conduct a comprehensive audit of Control Rooms SRRs and Substations ambience at the Paradip Refinery and Petrochemical Complex. The engagement requires a third-party audit team employing Copper-Silver corrosion testing coupons to assess ambience-related integrity. Estimated contract value is ₹2,896,037.45 with an EMD of ₹8,000. Location details point to Paradip, Odisha, focusing on a specialized audit scope amid a large refinery setup. The procurement includes an MSME Purchase Preference framework for eligible bidders, with an opportunity for L1 bidders within the policy margins to be considered for the full value of the contract. This tender emphasizes compliance, service capability, and documentation in line with government procurement norms. Unique aspects include a corrosion testing-based audit approach and a multi-year contractual framework that requires sustained audit capability over 36 months.

Technical Specifications & Requirements

• Product/Service: Third-party audit services for control rooms SRRs and substations ambience at Paradip Refinery & Petrochemical Complex.
• Method: Use of Copper-Silver corrosion testing coupons to evaluate ambience-related corrosion or degradation.
• Duration: 3 years contract term.
• Estimated Value: ₹2,896,037.45; EMD: ₹8,000.
• Location/Scope: Paradip, Odisha; audit coverage across control rooms and substations environment.
• Vendor Eligibility: Service provider with ability to perform third-party audits; MSME purchase preference applicable for eligible bidders.
• Standards/Compliance: Not explicitly specified in the data; bidders should verify IOC terms and government procurement rules.

Terms, Conditions & Eligibility

• EMD: ₹8,000 to be deposited as per bid guidelines.
• Experience/Turnover: Service provider with capability to conduct third-party audits in refinery settings (specific years not stated).
• Delivery/Timeline: Audit execution spread over a 36-month term; delivery milestones to be defined in the purchase order.
• Payment Terms: Not detailed in the data; bidders should expect IOC standard payment terms for services.
• Documents: GST registration, PAN, proof of service capability, financial statements, prior audit credentials, and MSME documentation if claiming preference.
• Purchase Preference: MSEs may receive price preference within policy margins; bidders must be the service provider and provide documentary evidence.
• Penalties/Warranty: Not specified; bidders should align with IOC contract terms for default and remedies.