Tender Title: Bearing RTD
Tender Reference Number: 20af3334
Issuing Authority/Department
The tender is issued by the Indian Oil Corporation Limited under the Ministry of Petroleum and Natural Gas. This reputable authority is responsible for overseeing various procurement processes in adherence to government policies and standards.
Scope of Work and Objectives
The primary objective of this tender is to procure Bearing RTD, which includes items categorized as Item no. 10 (SAP Code 8163156012), Item no. 20 (SAP Code 8163156042), and Item no. 30 (SAP Code 8163156052). The scope includes supplying a total quantity of 117 units across the specified categories, ensuring adherence to the required specifications and standards.
Eligibility Criteria
Vendors wishing to participate must meet specific eligibility criteria, including but not limited to registration as a legal entity, compliance with local regulations, and relevant industry qualifications. Eligible bidders must demonstrate their capability to fulfill the service requirements outlined in the tender documents.
Technical Requirements
The technical requirements for the tender include detailed specifications outlined for each item category. Bidders must provide proof of capacity to meet these technical specifications to ensure the quality and reliability of the delivered items.
Financial Requirements
Participants must submit accurate financial documents that demonstrate their ability to undertake the project. This includes a detailed breakdown of costs associated with the procurement of Bearing RTD items, ensuring full transparency and compliance with financial protocols.
Document Submission Details
All required documentation must be submitted via electronic format as specified by the issuing authority. This typically includes the technical proposal, financial proposal, and any supporting documents that validate the vendor's eligibility and compliance with the stated requirements.
Special Provisions
The tender includes specific provisions for Micro, Small, and Medium Enterprises (MSEs) and startups. These provisions promote inclusivity and encourage participation from smaller businesses that contribute to local economies and innovation.
Evaluation Process
The evaluation of bidders will be based on a structured process assessing compliance with technical and financial specifications. Key criteria for selection will include the qualifications of the bidding firm, the feasibility of the proposed solutions, pricing strategies, and delivery timelines.
Delivery Locations
The successful vendor will be responsible for the delivery of the procured items to specified locations as detailed in the tender documentation. Adherence to delivery schedules is critical to ensure a seamless procurement process.
Contact Information
For any inquiries related to the tender, vendors may refer to the contact details provided in the official documents. It’s essential for potential bidders to clarify any uncertainties to enhance their submission's quality.
Conclusion
The Bearing RTD tender represents a significant opportunity for vendors with the requisite capabilities. By adhering to outlined specifications and processes, they can contribute effectively to the operational goals of the Indian Oil Corporation Limited. Through this structured procurement process, all parties can achieve a mutually beneficial agreement that aligns with broader governmental objectives.
Tender BOQ Items
11 ItemsGeneral 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 for this tender include being a registered entity under applicable laws, having the necessary industry certifications, and the capacity to meet the technical and financial conditions outlined in the tender documentation. Vendors must ensure compliance with all local regulations and demonstrate their experience in similar projects to qualify for consideration.
Bidders must adhere to the specified technical specifications that apply to items 10, 20, and 30 of the Bearing RTD tender. This includes providing items that meet or exceed the standards as defined by the Indian Oil Corporation Limited. All submissions should include detailed documentation proving compliance with these technical standards, along with quality assurance certifications.
All participants are required to submit an Earnest Money Deposit (EMD) as part of their bid. The EMD amount serves as a guarantee of the bidder’s commitment to the tender process. Additionally, successful bidders must furnish a performance security, ensuring that they will fulfill the contract as per the agreed terms. Details about the amounts and guidelines are provided in the tender documentation.
Bids for the tender must be submitted electronically through the designated platform specified in the tender documents. Vendors are encouraged to submit their documents in the accepted formats outlined by the Indian Oil Corporation Limited, ensuring that all components—including technical and financial proposals—are complete and submitted on time.
The Bearing RTD tender incorporates provisions that enhance opportunities for Micro, Small, and Medium Enterprises (MSEs). These benefits include relaxed eligibility criteria, potential price preference, and additional technical support. By participating, MSEs can access significant procurement opportunities with a focus on fostering local business growth and compliance with governmental policies, including the ‘Make in India’ initiative.
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