PSU NEWS
ONGC organized webinar on New Development Order Policy
New Delhi: Oil and Natural Gas Corporation Ltd. ONGC conducted a webinar on its new Development Order Policy, clarifying doubts, queries of 150+ Domestic vendors. The webinar chaired by Joint Secretary (R) MoPNG Mr. Sunil Kumar, ONGC Director (Onshore) Mr. Anurag Sharma, ONGC Director (T&FS) Mr. O P Singh.
ONGC highlighted the previous policy and new policy which are:
Previous Policy
- Development Order only against participation in a tender.
- Bidder needs to fulfill all the criteria of BEC, excluding past supply experience criteria.
- Development order Terms and Conditions as per Tender including EMD, SD, LD, delivery Schedule, etc.
- Development order after satisfactory Inspection of their plant and facilities.
New Policy
- Development order process will be without linking to a regular tender
- No past supply experience criteria indicated.
- No EMD, No SD, No LD., Except otherwise mentioned, ONGC standard terms and conditions shall apply.
- After satisfactory inspection of factory/facilities and ascertaining capability to manufacture the item/provide the service, Formal enquiry with tender conditions will be Issued.
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