IOCL Marketing Division Methanol for Industrial Use BS-506 1987 Part-1 Tender 2026

Bidders should submit GST, PAN, financial statements, experience certificates, and EM(D) documentation per terms. Ensure Material Test Certificate accompanies each shipment and confirm BS-506 1987 Part-1 compliance. Prepare a response with option-clause acceptance strategy and delivery plan aligned to potential ±25% quantity changes.

Mandatory documents include GST certificate, PAN card, recent financial statements, experience certificates in chemical supply, technical bid, and OEM authorizations if applicable. Include Material Test Certificate templates and any necessary lab testing protocols for acceptance.

Materials must conform to BS-506 1987 Part-1. Each shipment requires a Material Test Certificate and acceptance depends on the Buyer’s laboratory results. Ensure supplier quality systems align with BS standard testing and documentation practices.

Delivery time extensions follow the formula: (Increased quantity ÷ Original quantity) × Original delivery period, with a minimum addition of 30 days. The purchaser may extend up to the original delivery period during option exercise, subject to contract terms.

Acceptance hinges on laboratory results from the Buyer’s Lab. A Material Test Certificate must accompany each lot; non-conforming results may lead to rejection or remediation as per IOCL terms and conditions.

Eligible bidders should demonstrate industrial methanol supply capability, BS-506 1987 Part-1 familiarity, and provide financial stability with verifiable statements. Ensure compliance with option clause and readiness to submit required tests and documentation during bid submission.

Quality is adjudged by the Buyer’s Lab; the Material Test Certificate is the primary document. All test results influence acceptance; ensure consistent quality control, traceability, and accurate lab reporting for successful procurement.

IOCL permits up to 25% variation in bid quantity both before and during contract execution, at the same contracted rates. Bidders should plan supply chains and storage to accommodate potential changes without price impact.