Tender Title:

OIL STORAGE & DISPENSING SYSTEM
Tender Reference Number: GEM/2025/B/6150152

Issuing Authority:

Indian Oil Corporation Limited
Department: Ministry of Petroleum and Natural Gas

Scope of Work and Objectives:

The purpose of this tender is to solicit bids for the procurement of an Oil Storage & Dispensing System. The successful bidder will be responsible for delivering a robust and efficient system that meets the specifications outlined in the tender documentation. The primary objectives include ensuring high standards of safety, operational efficiency, and compliance with regulatory requirements in the oil storage and dispensing sector.

Eligibility Criteria:

To qualify for this tender, bidders must fulfill certain eligibility requirements, including:

1. Registration as a legal entity capable of entering contracts.
2. Experience in similar projects and services related to oil storage and dispensing systems.
3. Adequate financial stability to uphold the terms laid out in the tender.

Technical Requirements:

Bidders are expected to adhere to stringent technical specifications that may include but are not limited to:

• Compliance with industry standards.
• Implementation of safety protocols and maintenance of quality assurance measures during the installation and operation of the system.
• Capability to provide ongoing technical support.

Financial Requirements:

Bidders must ensure financial readiness to meet the terms specified in the tender. This may involve detailing previous financial records, cash flow statements, and possibly a bank guarantee.

Document Submission Details:

Interested bidders are required to submit their proposals electronically via the specified tender portal. All documents must be structured and contain the necessary declarations and certifications as outlined in the tender guidelines. Failure to provide complete documentation may result in disqualification.

Special Provisions:

Bidders from Micro, Small, and Medium Enterprises (MSEs) are encouraged to participate. Special provisions may apply to facilitate their participation in this tendering process.

Evaluation Process:

Submissions will undergo a comprehensive evaluation based on predefined criteria, including technical specifications, pricing, and compliance with the requirements laid out in the tender documentation. A detailed scoring matrix will be used to assess each bid.

Delivery Locations:

The delivery of the Oil Storage & Dispensing System is to be executed at locations specified during the bidding process, adhering to logistical arrangements agreed upon with the selected contractor.

Contact Information:

For inquiries and further assistance, bidders are encouraged to use the contact details provided within the tender documentation.

Additional Information:

Bidders are urged to thoroughly review all conditions and technical requirements to ensure compliance. Understanding the tender's evaluation process is crucial for crafting competitive bids.