Indian Oil Corporation Limited Tender

The required prior work experience for the bidder includes: - Three similar completed services costing not less than 40% of the estimated cost, - Two similar completed services costing not less than 50% of the estimated cost, - One similar completed service costing not less than 80% of the estimated cost. Additionally, the years of past experience required for the same/similar service is 7 years. The bidder should have provided similar services during each of the financial years. However, specific information on the percentage of similar works completed is not available. Regarding the value and percentage of similar works completed, a purchase preference to Micro and Small Enterprises (MSEs) is mentioned, where if L-1 is not an MSE and MSE Service Provider(s) has/have quoted price within L-1+ 15% of margin of purchase preference/price band, then 100% order quantity will be awarded to such MSE bidder subject to acceptance of L1 bid price. The minimum average annual financial turnover during the last three years should be 41 Lakh. The contract period is 3 years, with an option to increase or decrease the contract quantity or contract duration up to 25 percent.