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"indicative basis only" is a correct and usable phrase in written English.
You can use this phrase when you wish to express that something should be used only as an indication or a suggestion, and not as an absolute rule. For example, "The proposed budget should be used only as an indicative basis, and adjustments will need to be made depending on prevailing market conditions."
Similar(60)
Select participation on a voluntary basis only.
The moon music was indicative of only one of his expressive modes, however.
Electrocatalytic data are indicative that only V centres substituting Zr are catalytically active, whereas V substituting Si are catalytically silent.
This table is provided for indicative purpose only.
Information obtained is from sources that Vanderbilt believes to be reliable, and is furnished for indicative purposes only.
For this reason, the figures in Table 6 should be considered as being of indicative value only.
Also, their presence is often indicative, not only of a poorly executed harvest, but also of inefficient processing procedures.
Given the small numbers of participants involved in this pilot trial, all analyses should be considered indicative only and not appropriate as a basis for clinical decision making.
Without such correction, the in vitro permeability coefficient of lipophilic molecules would be indicative only of the property of water.
In fact, your basis was only $500,000.
The regional names in the figure are indicative only – refer to Fig. 8.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com