Indian Oil Corporation Limited St 55580 Tender Raigad Maharashtra 2026 – Quantity Variation 25% Clause

Tender Overview

Organization: Indian Oil Corporation Limited, a central oil PSU, invites bids under the category code St 55580 from eligible suppliers for a contract located in Raigad, Maharashtra. The tender does not specify itemized BOQ quantities (Total Items: 0), nor a published estimated value or EMD amount. A key differentiator is the option clause allowing a ±25% quantity change at contract, with extended delivery timelines calculated as (Increased quantity ÷ Original quantity) × Original delivery period, subject to a minimum of 30 days. This creates flex for supply adjustments within contract, while maintaining contracted rates. The submission requires adherence to the buyer’s ATC terms and conditions.

Technical Specifications & Requirements

• No separate technical specifications provided in the tender data. The only explicit contractual rule concerns quantity variation and delivery timelines as per the option clause.
• Primary procurement context appears to be a non-itemized supply contract under IOC with delivery terms linked to original delivery period and possible extensions.
• Relevant implications for bidders include readiness to supply at contracted rates for potential quantity changes, and alignment with ATC documents uploaded by the buyer.
• Respondents should be prepared to demonstrate capability to scale within ±25% of bid quantity and to meet delivery obligations from the last date of the original delivery order, per the option clause.
• Emphasis on compliance with Buyer Added Terms and any OEM/ATC requirements in the uploaded ATC document.

Terms & Eligibility

• Option Clause enables 25% quantity increase/decrease at contract placement and during currency, at contracted rates.
• Delivery period adjustments commence from the last date of the original delivery order; extended time rules apply as described.
• Bidders must comply with all terms in the Buyer Added Bid Specific ATC; no explicit EMD/turnover data provided in the extract.
• Ensure readiness to execute contract with flexible quantities while maintaining delivery schedules per ATC.