Indian Oil Corporation Limited Goods Supply Tender IOCL - Third Party Inspection TPI and 25% Quantity Option 2025

Tender Overview

The Indian Oil Corporation Limited (IOCL) invites bids for the supply of goods under a scope that requires third party inspection (TPI) by IOCL-approved agencies. The bid includes an option clause allowing up to 25% quantity increase/decrease at contracted rates, with delivery timelines calculated from the original delivery period. Bidders must align invoicing to the consignee GSTIN, and provide GST-certified invoices along with GST portal payment confirmations. The contract emphasizes price inclusivity, covering testing, inspection, and TPI charges within quoted prices. The procurement is focused on material supply rather than services, with IOCL acting as the consignee and inspection authority through TPI. This tender emphasizes compliance with third party inspection, and bidder readiness to coordinate with IOCL for release notes and timely inspections. Location-specific details are not disclosed in the available data, but the scope centers on goods supply and end-to-end inspection readiness. Unique clauses include the option for quantity variation and mandatory third party verification, designed to ensure compliance and traceability of delivered goods.

Technical Specifications & Requirements

• Scope of supply: Only supply of goods; all costs included in bid price
• Inspection: Third Party Inspection (TPI) by IOCL-approved agency; TPI charges included in quoted price; bidder to arrange release notes timely
• Testing & QA: Destructive testing, IBR/IGC/NACE/Radiography charges included as per IOCL specs
• Import content: Built-in import content (if any) also subject to IOCL-approved TPI; charges included
• Invoicing: Invoice in the name of consignee with consignee GSTIN; GST invoice plus GST portal payment screenshot required
• Delivery/option: Quantity may vary by ±25% during contract; extended delivery period proportional to change in quantity, minimum 30 days
• Billing/Payments: Bid price to include all facilities and testing costs; payment terms aligned with IOCL processes; no separate TPI charges payable

Terms, Conditions & Eligibility

• Option Clause: IOCL reserves right to increase/decrease quantity up to 25%; extended delivery time based on calculated formula with minimum 30 days
• Documents for Vendor Code: PAN, GSTIN, cancelled cheque, EFT mandate certified by bank
• Invoicing: Invoice to consignees only; GSTIN of consignee must be used; GST invoice with GST portal payment screenshot required
• Scope: Supply of goods only; third party inspection included; TPI charges included in quoted price
• Acceptance: Quoted prices include testing/inspection and related charges per IOCL documents; bidder must arrange TPI and provide release notes on time
• Compliance: Bidder must adhere to IOCL inspection, testing, and payment terms; no time extensions granted for delays in TPI release notes