Indian Oil Corporation Limited (Marketing Division), Jharsuguda Bottling Plant, Odisha has invited a limited e-tender for the supply, installation, and commissioning of a 125 KWp on-grid solar inverter at its LPG Bottling Plant located in Panchpada, Jharsuguda. The tender is open to approved parties under a two-bid system, which includes Part A (Technical Bid with commercial terms) and Part B (Price Bid).
The estimated value of the work is ₹4,61,316.48 excluding GST and ₹5,44,353.00 inclusive of GST at 18%. Notably, bidders are not required to pay any Earnest Money Deposit (EMD) for this tender. Instead, they must submit a Bid Security Declaration in the prescribed format in lieu of EMD. Failure to submit this declaration will lead to outright rejection of the bid. The bid submission end date will be 17th April 2025.
The scope of work includes the complete supply, installation, and commissioning of the solar inverter system at the Jharsuguda BP site. The work must be completed within 3 months from the date of issuance of the Letter of Intent (LOI). Only one contractor will be selected for the project, and the contract will be awarded to a single party.
The successful bidder must submit a Performance Security Deposit amounting to 10% of the total contract value excluding GST within 15 days of receiving the Letter of Acceptance. Of the total security deposit, 2.5% is to be paid initially through electronic payment modes. The balance 2.5% will be recovered from the running account bills. The security deposit will be held for 12 months after the completion of work to ensure no defects arise during this period. No interest will be paid on the security deposit.
The validity of the tender offer is 120 days from the date of opening the technical bid. In case of requirement, IOCL may request an extension of the validity from the participating bidders.
All activities including tender download, submission, and bid opening must be done through the e-tender portal. The bidders are encouraged to regularly check the IOCL portal for any addendum or corrigendum related to the tender.
The tender also includes compliance requirements under government guidelines related to land border sharing and insolvency laws. Bidders from countries sharing a land border with India must be registered with the Competent Authority. Additionally, those undergoing insolvency proceedings must inform IOCL within 15 days from the date of initiation of the process.
This initiative aligns with Indian Oil’s commitment to adopting cleaner and renewable energy solutions and aims to enhance operational sustainability at its bottling plant.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
