Vendor Development Policy

Reference: GETCO/202603011202598647

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Description

VENDOR DEVELOPMENT POLICY:- The Vendor Development Policy is meant for the Bidders:- I. who develop new product, which has never been tried by the Company, and if the same is found useful to the Company. II. do not have experience for the product, which is being used by the Company. Such Bidders can enter through this Policy subject to approval from Managing Director of concerned Company with conditions stipulated hereunder. However, approval of the Competent Authority as per Delegation of Power shall be taken. The concern Company shall inform to the respective Board for approval given to such firm under Vendor Development Policy immediately in the ensuing Board meeting. 3.1. The prospective Vendor shall pay the amount of Vendor Registration Fees initially, while expressing the interest to avail the Vendor Development Scheme to obtain Vendor Registration as per clause No. 2 above, if he is not already registered as a Vendor for the material / product. All the guidelines for Vendor Registration shall be followed. The provisional Vendor Registration shall be issued to the Firm under Vendor Development Policy by respective Company. The validity of provisional Vendor Registration Certificate will be till the scheduled delivery period mentioned in the order issued under Vendor Development Policy. On completion of Six Months’ performance from the date of successful commissioning of the material / equipment, the Bidder shall be registered as a Vendor for the period of five years and such Bidder can participate in the Tender. 3.2. The “Type Test”, whenever and wherever applicable, shall be carried out on the proto-type materials / products as per Companies’ Technical Specifications at National Accredited Board for Laboratory (NABL) or accredited third party Laboratory approved by the International Forum in case of foreign manufacturer / products. The proto-type materials / products must fulfill all the Technical requirement of the Company like Technical Specifications, spec

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Tender Details

• Published 01 Mar 2026
• Closing N/A