INDIAN OIL CORPORATION LIMITED Tender by Iocl- Erpl (GEM/2025/B/6139900)

Tender Title: Annual Rate Contract for Repair and Maintenance of Passing and Globe Valves

Tender Reference Number: GEM/2025/B/6139900

Issuing Authority

The tender is issued by the Indian Oil Corporation Limited, under the Ministry of Petroleum and Natural Gas.

Scope of Work and Objectives

The primary aim of this tender is to establish an Annual Rate Contract for the repair and maintenance of passing ball valves and globe valves specifically for PHBMPL stations. The scope includes providing comprehensive services that ensure optimal functionality, reliability, and safety of the valve systems utilized within the organization's operational framework.

Eligibility Criteria

To participate in this tender, bidders must meet the following eligibility criteria:

• Be a registered entity with the relevant regulatory authorities.
• Possess experience in the repair and maintenance of valve systems, particularly ball and globe valves.
• Have adequate financial capabilities to ensure service continuity throughout the contract period.

Technical Requirements

Bidders must adhere to specified technical requirements, which include:

• Certification that complies with relevant quality standards for valve repair and maintenance.
• Detailed descriptions of tools and techniques that will be employed to maintain and repair the valves.
• Proven capability to handle emergency repairs when necessary.

Financial Requirements

Participants must demonstrate their financial stability by providing appropriate documentation such as:

• Recent financial statements and audits.
• Evidence of prior successful contracts similar in scale and scope.

Document Submission Details

All required documentation must be submitted in a clear and organized manner. Bidders will need to submit:

• Technical proposals including plans and methodologies.
• Financial bids, including pricing for services.
• All necessary certificates and licenses in accordance with local regulations.

Special Provisions

There are specific provisions for Micro, Small, and Medium Enterprises (MSEs) and startups, which may include:

• Additional preferences in the bidding process.
• Assistance in terms of financial guarantees or performance bonds.

Evaluation Process

Bids will be evaluated based on both technical and financial merits. Key points in the evaluation process will include:

• Compliance with technical specifications.
• Cost-effectiveness of the proposals.
• Past performance reviews and client feedback.

Delivery Locations

The services will be rendered at designated PHBMPL stations, which have been outlined during the tender briefing sessions.

Contact Information

For further inquiries regarding this tender, participants may refer to the official communication channels of the Indian Oil Corporation Limited. However, please ensure that no misleading or incorrect information is provided.

Conclusion

This tender presents a significant opportunity for qualified bidders to engage in a long-term service contract that aligns with the operational demands of the Indian Oil Corporation Limited. It encourages prospective bidders to fully understand the requirements and demonstrate their capability in delivering high-quality repair and maintenance services.