Tender Title: Quantitative Risk Analysis (QRA) and Comprehensive Risk Analysis (CRA) for Gujarat Refinery
Tender Reference Number: GEM/2025/B/6163283
Issuing Authority: Indian Oil Corporation Limited (IOCL)
Department: Ministry of Petroleum and Natural Gas
Scope of Work and Objectives
The purpose of this tender is to invite qualified bidders interested in carrying out a Quantitative Risk Analysis (QRA) and Comprehensive Risk Analysis (CRA) for the Gujarat Refinery. This project aims to assess potential risks and ensure the safety and efficiency of operations within the refinery. Conducting thorough analysis will help develop effective risk management strategies, ensuring compliance with industry standards and regulations.
Eligibility Criteria
To participate in this tender, bidders must meet specific eligibility criteria including being a registered entity in good standing and possessing relevant experience in risk analysis specifically within the petroleum and natural gas sector. Bidders should also demonstrate a proficient understanding of regulatory compliance and risk assessment methodologies.
Technical Requirements
Prospective bidders are required to comply with detailed technical requirements, which include demonstrating expertise in quantitative risk methods, utilizing risk assessment software, and providing qualified personnel for data analysis. Bidders are expected to present prior project experiences showcasing successful implementations of similar analyses within the oil and gas industry.
Financial Requirements
Bidders must demonstrate their financial capacity to undertake this project. This includes showcasing adequate financial resources, providing recent financial statements, and detailing pricing strategies. Specific financial security measures may also apply as part of the bid requirements.
Document Submission Details
All proposals must be submitted in the specified format and should include supporting documents that clearly outline the bidder's experience, technical approach, and financial standing. Bids must be submitted electronically or through designated channels as outlined in the tender documentation.
Special Provisions
The tender encourages Micro, Small, and Medium Enterprises (MSEs) and startups to participate. Special provisions may be in place to ensure that these entities receive benefits during the selection process, thereby promoting equitable participation.
Evaluation Process
The evaluation process will consider various factors, including technical merit, experience in relevant projects, financial soundness, and proposed methodologies. Bids will undergo a thorough review to ensure compliance with all tender requirements.
Delivery Locations
The delivery of services will primarily be executed at the Gujarat Refinery located within the specified jurisdiction. Exact delivery terms and conditions should be addressed within the submitted proposals.
Contact Information
For further inquiries relating to this tender, bidders are encouraged to contact the issuing authority directly through official communication channels. Updated contact information can be found on the relevant IOCL portal.
This tender presents an excellent opportunity for qualified bidders to engage with a prestigious organization and contribute to safety and operational efficiency in the petroleum sector.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
10 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- Certificate (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
- the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
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Frequently Asked Questions
The eligibility requirements include being a registered entity, demonstrating relevant experience in conducting quantitative risk analysis within the petroleum and natural gas sector, and possessing adequate technical capabilities. Bidders must also ensure compliance with any industry-specific regulations during the submission process.
Bidders need to provide detailed technical specifications that outline their methodologies for conducting risk assessments. This includes prior experience with risk analysis projects and the use of specialized software. Additionally, bidders must showcase expertise in compliance with regulatory standards related to the oil and gas industry.
Bidders typically need to submit an Earnest Money Deposit (EMD) to secure their proposals. The exact amount and conditions associated with the EMD will be outlined in the tender documentation. Furthermore, bidders may be required to present proof of financial soundness through recent financial statements.
The evaluation and selection process will evaluate bids based on technical merit, financial viability, and alignment with the project objectives. Bidders who meet the criteria will undergo a multi-faceted review, focusing on the robustness of their proposals in addressing key risk assessment challenges.
The tender encourages participation from MSEs by providing special provisions that may include preferential evaluation criteria, lower financial thresholds, and or other supportive measures to ensure equitable access. This initiative aligns with national policies aimed at promoting local businesses and enhancing competition.
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