Oil India Limited Tenders. OIL eProcurement
Oil India Limited (OIL) is an enterprise of the Government of India. It is engaged in the business of exploration, production of crude oil, natural gas and liquified petroleum gas (LPG), and transportation of the products. To bring in transparency and efficiency in e-procurement in India, Government directives mandate online tenders for procurement of goods and services. Therefore, OIL is required to procure all high value works and services through e-tendering only.
- Bidders who wish to participate in the OIL tendering process, can submit their bids for Oil India Limited tenders on the official e-portal through internet. OIL uses the SAP SRM suite of applications for e-procurement. The details regarding submission of bids for the online tenders can be found on
https://etender.srm.oilindia.in/sap/bc/gui/sap/its/bbpstart/ - Vendors can view the open tenders with the guest login facility.
- As per the Information Technology Act, 2000, bidders need to buy a digital signature certificate to participate in OIL online tenders. They have to purchase a legally valid class 3 digital signature certificate from one of the licensed certifying authorities (CA) operating under the Root Certifying Authority of India (RCAI), Controller of Certifying Authorities (CCA) of India. Vendors can buy digital signature certificates online, in India, from Tata Consulting Services Ltd (TCS) - one of the reputed certifying authorities in India.
- The digital signature on the tender documents should be of class 3 digital certificate which is registered with the bidding organisation's name.
For any further clarification, the bidding company can contact Head-Contracts at the following details:
Phone: 0374-2800548,
Fax: 0374-2803549
e-mail: contracts@oilindia.in
The SAP R/3 system is used for purchase requisitions for the e-procurement bidding. The dealing official will upload the relevant documents in the system, once approved. The officer will develop the bid invitation, affix a
digital signature and upload it for the purpose of NIT, as per the IT Act, 2000.
Prospective bidders can register on the official portal to view the documents and request additional information. The vendors can obtain their login credentials and an understanding of the e-procurement module.
To bid for e-procurement, the cost of the bid document should be specified in Indian Rupees. The cost of the bid document is collected through a demand draft, banker’s cheque or cashier’s receipt. The vendors can submit their bid online only after payment of the bid document cost.
For the submission of bids, the vendors will also require a digital signature.
The reverse auction procedure helps fetch a competitive price from the shortlisted bidders. Through this process, the shortlisted bidders reduce their prices in a transparent and fair manner. In order to bring complete transparency in the negotiation process, the identity of bidder is protected from other bidders as well as the OIL officials. The entire process is developed to
- Provide an equal opportunity to all short listed suppliers to be the most competitive
- Help bidders evaluate their pricing vis-à-vis the other suppliers and then bid competitively.