Jamuna Oil Company Limited Tender Notice 2024

What is the Jamuna Oil Company Limited tender?

According to google, To participate in a tender from Jamuna Oil Company Limited, a leading state-owned petroleum distribution company in Bangladesh, you’ll generally need to follow these steps:

1. Tender Notification and Publication

• Announcement: Jamuna Oil Company Limited publishes tender notices in national newspapers, on their official website, and through the Central Procurement Technical Unit (CPTU) of Bangladesh.
• Website: Visit the Jamuna Oil Company Limited website or the e-GP portal to check for available tenders.

2. Download Tender Documents

• Access: Once you find a tender of interest, download the tender documents, which include all necessary details like specifications, terms, and conditions.
• Fees: You may be required to pay a non-refundable fee to obtain these documents. Payment details are usually provided in the tender notice.

3. Eligibility Check

• Review Requirements: Ensure your company meets the eligibility criteria such as experience, financial capacity, technical qualifications, etc.
• Documentation: Prepare documents like company registration, trade licenses, tax clearance certificates, previous work experience, and financial statements.

4. Pre-Bid Meeting

• Clarifications: Attend any pre-bid meeting if one is scheduled. This meeting allows potential bidders to ask questions and clarify details about the tender requirements.

5. Preparation of Bid

• Technical Proposal: Prepare a technical proposal according to the specifications in the tender documents. It usually includes your methodology, work plan, and relevant experience.
• Financial Proposal: Submit a financial proposal that includes your price quotation and any financial guarantees required.
• Bid Security: You may need to provide a bid security, typically a percentage of the bid value, in the form of a bank guarantee or pay order.

6. Submission of Bid

• Sealed Envelope: Submit your bid in a sealed envelope, or if the tender is online, upload the documents through the e-GP portal.
• Deadline: Ensure submission before the specified deadline. Late submissions are generally not accepted.

7. Bid Opening

• Opening Session: Bids are typically opened in a public session, where the names of the bidders and their bid amounts may be announced.
• Evaluation: The company evaluates all bids based on technical and financial criteria. This process can take some time.

8. Evaluation and Award

• Technical Evaluation: First, the technical proposals are evaluated. Only those passing the technical criteria proceed to financial evaluation.
• Financial Evaluation: The lowest bid among the technically qualified proposals generally wins, though other factors like delivery time, payment terms, and compliance may also be considered.
• Award Notification: The successful bidder is notified, and a formal contract is awarded.

9. Contract Signing

• Agreement: The contract is signed between Jamuna Oil Company Limited and the winning bidder. This document outlines the terms of the contract, delivery schedules, and payment terms.

10. Performance Security

• Submission: The winning bidder may be required to provide performance security, ensuring the fulfillment of the contract according to the agreed terms.

11. Project Execution

• Delivery: Execute the project or deliver the goods/services as per the contract.
• Reporting: Provide necessary reports and updates as required by Jamuna Oil Company Limited.

12. Payment

• Invoicing: Submit invoices as per the payment terms specified in the contract.
• Approval: Payment will be processed after the satisfactory delivery of goods/services and approval by the company.

13. Final Handover

• Completion: Once the project is completed, provide any necessary documentation and hand over the project to Jamuna Oil Company Limited.
• Release of Security: After successful completion, the performance security is usually released back to you.

Important Points to Note:

• Compliance: Ensure full compliance with all the requirements mentioned in the tender documents.
• Communication: Maintain clear communication with Jamuna Oil Company Limited throughout the process.
• Timelines: Adhere to all deadlines and timelines to avoid disqualification.

For specific tenders, always refer to the detailed instructions provided in the tender documents.

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