Life Insurance Corporation of India Rain Suit Tender Department of Financial Services India 2026
Bid Publish Date
11-Sep-2026, 10:48 am
Bid End Date
18-Sep-2026, 11:00 am
Location
Progress
Key Highlights
- • Organization: Life Insurance Corporation of India (LIC) under Department of Financial Services
- • Product category: Rain suits, Q3 classification
- • Delivery flexibility: option to increase quantity up to 25% and extend delivery per formula
- • Delivery timeline mechanism: minimum 30 days extension when option exercised
- • BOQ status: zero items listed; implies early/abstract tender phase
- • EMD and precise estimated value not disclosed
- • No technical standards or IS/ISO certifications specified in data
- • Bidder risk: lack of specs requires robust pricing and contractual risk management
Tender Overview
The procuring organization is the Life Insurance Corporation of India (LIC), functioning under the Department of Financial Services. The tender aims to acquire rain suits categorized as Q3, with the geographic location yielding limited detail in the data provided. The estimated value and EMD are not disclosed. The BOQ reports zero items, indicating either a preliminary listing or an early bidding stage. The option clause permits quantity adjustments up to 25% during and after contract award, with delivery timelines tied to the original order and extended delivery periods. This tender requires bidders to align with exact option-based delivery calculations and adhere to the purchaser’s expansion rights. The context suggests formal government procurement procedures with standard risk sharing, price protection, and time-bound delivery embedded in the contract framework.
Technical Specifications & Requirements
- Product category: rain suits (Q3)
- Item count: not specified; BOQ shows 0 items
- Specifications: no itemized technical specs or IS/ISO references provided
- Standards/certifications: not specified
- Delivery terms: calculated extension method when option clause is exercised (minimum 30 days if extension occurs)
- Commercial terms: 25% quantity variation rights, delivery period from the last date of original delivery order
- Documentation: terms refer to standard government procurement processes; no product-specific certifications listed
- Risk factors: lack of detailed requirements increases emphasis on bidder capability, pricing clarity, and contractual risk management
Terms, Conditions & Eligibility
- Quantity variation: up to 25% of bid/contract quantity
- Delivery extensions: based on (increased quantity ÷ original quantity) × original delivery period, minimum 30 days
- Delivery start: from the last date of original delivery order
- Compliance: bidders must comply with option clause terms
- EMD/Payment specifics: not disclosed in data
- BOQ: total items = 0; no itemized requirements
- Language/Documentation: standard tender documentation likely required; actual list not provided
Key Specifications
-
Product/service names: rain suits
-
Quantities: not specified (BOQ shows 0 items)
-
Estimated value: not disclosed
-
Experience: not specified in data
-
Quality/compliance: no standards listed
-
Delivery: extension formula and minimum 30 days
-
Warranty/AMC: not specified
Terms & Conditions
-
25% quantity variation rights during and within contract currency
-
Delivery extension governed by (increase/original) × original period with 30-day minimum
-
Delivery starts from last date of original delivery order; option to extend
-
No BOQ item details; reliance on standard tender procedures
-
EMD/financial terms not disclosed in tender data
Important Clauses
Payment Terms
Not specified in data; assume standard government terms pending bid submission
Delivery Schedule
Delivery period starts after original delivery order; extension if option clause triggered with minimum 30 days
Penalties/Liquidated Damages
Not specified in data; expected under standard LIC procurement terms
Bidder Eligibility
-
Demonstrated capability to supply rain suits to government entities
-
GST and PAN compliant for bidding
-
Financial stability to meet potential EMD requirements (amount not disclosed)
Tender Data
Bid Details
Quantity
201
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
OEM Avg. Turnover
1
Past Performance
10 %
Experience Required
1 Year (s)
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
Rain Suit (Q3)
Payment Timelines
Payments shall be made to the Seller within 30 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
Satara
Delivery Pincodes
415001
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Vidyanidhi Udaykumar Sagaonkar | 415001,JEEVAN TARA 513 GANPATDAS DEVI PATH SADAR BAZAR SATARA | Satara | Maharashtra | 415001 | 201 | 15 | - |
Authority Records
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Documents 2
GeM-Bidding-9879816.pdf
Main Document
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
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Required Documents
GST registration certificate
Permanent Account Number (PAN) card
Experience certificates demonstrating relevant supply capability
Financial statements or turnover details for last financial year
EMD submission document (amount not disclosed in tender data)
Technical bid documents (compliance statements for rain suit category)
OEM authorization or authorized dealer certificate (if applicable)
Any standard contractual terms or warranties proposed
Frequently Asked Questions
What documents are required for LIC rain suit tender in India 2026?
Bidders should prepare GST certificate, PAN, experience certificates, financial statements, EMD submission, technical bid documents, and OEM authorizations. Ensure compliance with government procurement norms and provide rain suit specifications aligned to Q3 category. Confirm bid submission format and deadlines with LIC procurement portal.
How does the 25% quantity variation impact LIC rain suit bid?
The purchaser may increase or decrease the contract quantity by up to 25% at the time of placement and during the contract term at contracted rates. Plan for scalable pricing, storage, and supply chain adjustments, and include contingency plans for fluctuating order quantities.
What are delivery extension rules for LIC rain suit procurement 2026?
Delivery extension follows (Increased quantity ÷ Original quantity) × Original delivery period, with a minimum of 30 days. If the original period is shorter than 30 days, the minimum applies. Ensure your project schedule accommodates potential extensions without penalties.
What are the technical specifications for rain suits in this LIC tender?
The tender data lacks itemized specifications. Bidders should still prepare rain suits suitable for Q3 classification, focusing on waterproof performance, seam integrity, and comfort. Await formal technical addendum or BOQ details from LIC procurement to confirm fabric standards and size ranges.
When is the bid submission for LIC rain suit procurement due?
Exact submission deadlines are not provided in the data. Bidders should monitor the LIC procurement portal and the GEM portal for notifications and addenda. Prepare bid-ready packages including EMD, GST, PAN, and technical compliance for rapid submission once deadlines are published.
What documents prove eligibility for the LIC rain suit tender in India 2026?
Eligibility relies on standard government criteria: GST registration, PAN, experience certificates, financial statements, and EMD submission. Additional OEM authorizations or dealer certificates may be required for rain suit supply. Verify LIC’s terms for any sector-specific prerequisites before bid submission.
How to bid for LIC rain suit procurement under Department of Financial Services?
Register on the GEM portal and LIC tender page, download terms, prepare EMD, and assemble GST/PAN, financials, and experience proofs. Align with option clause terms, especially quantity variation and delivery extension rules, and await BOQ confirmation for exact rain suit specifications.
What standards or certifications are required for rain suit supply?
Current data does not specify IS/ISO standards. Bidders should anticipate standard government norms and seek CLO along with quality assurances. Prepare any available certifications for rainwear and be ready to submit documentation for compliance when the BOQ and standards are released.