Tender Timeline
Tender Title: NCM2414087 V Belt
Tender Reference Number: GEM/2025/B/6108225
Issuing Authority/Department: Indian Oil Corporation Limited, Ministry of Petroleum and Natural Gas
The NCM2414087 V Belt tender is aimed at procuring specific quantities of V belts crucial for industrial applications through the Government e-Marketplace (GEM). This procurement is being handled by the Indian Oil Corporation Limited under the aegis of the Ministry of Petroleum and Natural Gas. The total quantity desired for this tender is 340 units categorized under the identified SAP codes.
Scope of Work and Objectives
The primary objective of this tender is to source high-quality V belts that comply with industry standards. Vendors are expected to deliver products that meet specific technical specifications and quality benchmarks. The Indian Oil Corporation Limited seeks to engage vendors capable of meeting these requirements to ensure operational efficiency across its platforms.
Eligibility Criteria
To qualify for this tender, vendors must be verified registered entities authorized to operate in India. They are required to comply with all applicable guidelines and regulations set forth by Indian government procurement policies.
Technical Requirements
Bidders must ensure that the V belts offered in this tender meet the technical specifications outlined in the tender documents. This includes adherence to quality standards, compliance with relevant industry regulations, and any testing criteria stipulated by the buyer.
Financial Requirements
Participants must demonstrate sound financial stability and must provide all necessary documentation associated with their financial standing. This may include balance sheets, profit-loss statements, and any other pertinent financial documents required as part of the submission process.
Document Submission Details
Interested parties are to submit their bids electronically through the GEM portal. It is imperative that all documents are provided in the required formats to facilitate a smooth review and evaluation process.
Special Provisions
Special provisions are available for Micro, Small, and Medium Enterprises (MSEs). Qualified MSEs may benefit from various incentives designed to encourage participation from small-scale businesses. Startups are also encouraged to partake in this tender under the ‘Make in India’ initiative aimed at fostering local procurement and manufacturing.
Evaluation Process
The evaluation of submitted bids will follow a structured assessment. Factors that will be considered include compliance with technical requirements, financial viability, and the overall pricing structure submitted by the bidders. The final judgment will rest on achieving a balance between cost and adherence to quality standards.
Delivery Locations
The delivery of the items will generally need to be arranged at specified locations as designated by the Indian Oil Corporation Limited. Detailed information regarding these locations will be provided upon selection of successful bidders.
Contact Information
For any inquiries or further clarifications regarding this tender, potential bidders can reach out through the appropriate channels as specified in the GEM portal.
The NCM2414087 V Belt tender represents an excellent opportunity for suppliers prepared to meet the outlined requirements and contribute to significant industrial operations within the Indian petroleum sector. Prospective bidders are encouraged to prepare their submissions meticulously while adhering to the guidelines provided to ensure a successful bid outcome.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
5 DocumentsDocuments Required from Seller
- Additional Doc 1 (Requested in ATC)
- Additional Doc 2 (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 with an operational certificate in India, compliance with all regulatory stipulations, and financial stability evidenced through provided documentation. Registered vendors will also need to have a valid GST registration if applicable.
The technical specifications for the V belts include compliance with industry-quality standards. Bidders must provide documentation validating that the V belts meet these specifications, which are crucial for ensuring effective performance in industrial applications. It is essential to consult the detailed tender documents for specific metrics and performance criteria required.
The payment terms will typically be defined in the contract once bids are evaluated and awarded. Vendors can expect milestones for payments, which may include advance payments, payments upon delivery, and post-delivery verification, ensuring that all delivered products meet the agreed specifications and standards.
The evaluation and selection process will involve reviewing bids for compliance with technical specifications, the financial viability of bidders, and price competitiveness. A scoring matrix will help determine which products provide the best balance of quality and cost-effectiveness as per the outlined requirements in the tender documentation.
Micro, Small, and Medium Enterprises (MSEs) will enjoy several benefits, including potential financial support, simplified documentation requirements, and priority during evaluation processes. Initiatives like these aim to promote the involvement of smaller firms in government procurement, expanding opportunities in the market and adhering to ‘Make in India’ policies.
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