LIC Life Insurance Corporation Revolving Chair Tender Udupi Karnataka 2026 - V5 (Q2) Chairs Procurement
Progress
Key Highlights
- • Explicit quantity variation clause: ±25% at contract placement and during currency
- • Delivery time extension formula with minimum 30 days
- • Revolving Chair (V5) category; Q2 classification
- • Bidders must confirm any OEM/brand expectations during clarification
- • No BOQ items or explicit EMD value available in data
- • Location-specific procurement: Udupi, Karnataka (574101)
Tender Overview
Organization: Life Insurance Corporation of India (LIC) – Department of Financial Services. Procurement: Revolving Chair (V5) under Q2 category for district-level office needs in UDUPI, KARNATAKA 574101. Estimated value and EMD: not disclosed in data; BOQ shows zero items. Location relevance: Karnataka government procurement channel via GEM portal. Key differentiator: explicit option clause enabling ±25% quantity variation during contract and extended delivery timelines aligned to original periods. Tender scope focuses on seating furniture for LIC offices in the Udipi region.
Technical Specifications & Requirements
- No technical specifications or BOQ items provided.
- Inferred focus: basic office revolving chair with standard office seating features.
- Buyer terms require compliance with quantity variation mechanics: up to 25% increase/decrease at contract placement and during currency with rates held at contracted values.
- Delivery schedule tied to original delivery date; additional time calculation formula provided but limited to minimum 30 days unless original period is shorter.
- No brand, model, or IS/ISO standards specified; bidders should prepare generic ergonomic chair options compatible with typical LIC office use.
- Clarify OEM/brand expectations during bidder clarification window.
Terms, Conditions & Eligibility
- Option Clause allows ±25% quantity adjustment at contract placement and during currency.
- Delivery time adjustments use a formula: (Increased quantity ÷ Original quantity) × Original delivery period, with a minimum of 30 days.
- Bidders must comply with these terms; no explicit EMD value reported.
- No explicit payment terms, warranty, or penalties stated in data; bidders should seek confirmation during bid submission.
- Section lacks specified eligibility criteria; bidders should rely on generic LIC/GEM post-qualification requirements and standard OEM/vendor credentials.
Key Specifications
-
Product/service names and category: Revolving Chair (V5) under Q2
-
Quantities: up to ±25% variation allowed (during contract)
-
Estimated value: not disclosed
-
Standards/certifications: not specified in tender data
-
Delivery: period calculated via option clause with minimum 30 days
-
Warranty/AMC: not specified; require clarification
-
Brand/OEM: not specified; confirm during bid submission
Terms & Conditions
-
Option Clause permits 25% quantity variation during contract
-
Delivery extension calculated by (increased/original) × original period
-
Minimum 30 days additional delivery time; if original < 30, use original
-
No explicit EMD value or payment terms disclosed
Important Clauses
Delivery Schedule
Delivery period based on last date of original delivery order; enhanced time determined by formula with a 30-day minimum
Option for Quantity Variation
Purchaser can increase/decrease quantity by up to 25% at contract placement and during currency at contracted rates
Payment Terms
Not specified in the data; bidder to confirm terms during bid submission
Bidder Eligibility
-
Furniture suppliers with prior experience in office seating
-
Demonstrated financial stability and GST compliance
-
Ability to fulfill quantity variation and delivery timelines per terms
Tender Data
Bid Details
Quantity
15
Bid Type
Single Packet Bid
Bid Validity
30 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Inspection Required
No
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
No
MII Purchase Preference
No
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Goods
Bid To RA
No
Bid To RA Enabled
No
Item Category
Revolving Chair (V5) (Q2)
Payment Timelines
Payments shall be made to the Seller within 10 days of issue of consignee receipt-cum-acceptance certificate (CRAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Max Delivery Days
15
Delivery Locations
1
Delivery Cities
Udupi
Delivery Pincodes
576101
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Asha R Kamath | 576101,LIC ROAD AJJARKAD UDUPI | Udupi | Karnataka | 576101 | 15 | 15 | - |
Authority Records
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Documents 2
GeM-Bidding-10053325.pdf
Main Document
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
1
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Required Documents
GST registration certificate
Permanent Account Number (PAN) card
Experience certificates in furniture supply/office seating
Financial statements or turnover proof
EMD submission document (empty in data; bidders should verify amount)
Technical bid documents or product specifications
OEM authorization letters (if applicable)
Any prior purchase order references for similar chairs
Frequently Asked Questions
Key insights about KARNATAKA tender market
How to bid for the revolving chair tender in Udupi Karnataka 2026?
Bidders should register on GEM, verify LIC/District requirements, submit standard documents ( GST, PAN, experience, financials) and provide chair specifications. Ensure compliance with the option clause allowing ±25% quantity variation and prepare for delivery timelines based on the original order plus calculated extensions.
What documents are required for LIC revolving chair procurement in Karnataka?
Submit GST certificate, PAN, experience certificates for similar office seating, financial statements, EMD documentation, OEM authorizations if applicable, technical bid with chair specifications, and any prior project references to demonstrate capability in office furniture supply.
What are the delivery terms for the Udupi revolving chair tender 2026?
Delivery begins from the last date of the original order; if quantity increases, time is recalculated as (Increased quantity ÷ Original quantity) × Original delivery period, with a minimum extension of 30 days unless the original period is shorter.
What standards or certifications are required for LIC office chairs tender?
Tender data does not specify standards; bidders should confirm any IS/ISO or OEM certifications during clarification. Prepare chairs meeting ergonomic norms and standard office chair dimensions typical for LIC offices.
What is the EMD amount for the LIC revolving chair bid 2026?
The tender data does not disclose an EMD amount. Bidders must check the bid documents for the exact EMD percentage or fixed amount and submit corresponding security as per GEM/Tender terms.
How will quantity variation affect contract pricing for this LIC tender?
Pricing remains at contracted rates for up to ±25% quantity variation. The extended delivery period uses the specified formula, with delivery time adjustments calculated to a minimum of 30 days.
When will LIC publish clarifications for the Udupi revolving chair tender?
Bidders should monitor the GEM portal and LIC bid notices; respond to clarifications promptly within the portal’s Q&A window and ensure all responses reflect the exact terms described in the option clause.