Procurement Opportunity: Assets Insurance Service - Fire Insurance; Property Damage Cover, Standard Fire & Special Perils Co in RAIPUR, CHHATTISGARH
Bid Publish Date
19-Mar-2025, 1:14 pm
Bid End Date
26-Mar-2025, 7:00 pm
Value
₹2,50,000
Location
Progress
N/a has released a public tender for Assets Insurance Service - Fire Insurance; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Terrorism Cover, Earthquake Cover, Theft/Burglary Cover; Optional in RAIPUR, CHHATTISGARH. Quantity: 1. Submission Deadline: 26-03-2025 19: 00: 00. Download documents and apply online.
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Under PMA | 26-03-2025 14:11:02 | |
| 2 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | 26-03-2025 13:06:08 | |
| 3 | THE NEW INDIA ASSURANCE COMPANY LIMITED Under PMA | 26-03-2025 13:32:33 | |
| 4 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | 26-03-2025 18:05:30 | |
| 5 | UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITED Under PMA | 26-03-2025 16:56:38 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Assets Insurance Service - Fire Insurance; Property Damage Cover, Standard Fire & Special Perils Co | |
| L2 | UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Assets Insurance Service - Fire Insurance; Property Damage Cover, Standard Fire & Special Perils Co | |
| L3 | THE NEW INDIA ASSURANCE COMPANY LIMITED Under PMA | Item Categories : Assets Insurance Service - Fire Insurance; Property Damage Cover, Standard Fire & Special Perils Co | |
| L4 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Assets Insurance Service - Fire Insurance; Property Damage Cover, Standard Fire & Special Perils Co | |
| L5 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Assets Insurance Service - Fire Insurance; Property Damage Cover, Standard Fire & Special Perils Co |
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
30 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Requirements
Experience Required
5 Year (s)
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Assets Insurance Service - Fire Insurance; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Terrorism Cover, Earthquake Cover, Theft/Burglary Cover; Optional
Authority Records
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End-to-end support — bid preparation, GeM registration, document filing & compliance by industry experts.
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Documents 4
GeM-Bidding-7659010.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Required Documents
Experience Criteria
Certificate (Requested in ATC)
Additional Doc 1 (Requested in ATC)
Additional Doc 2 (Requested in ATC)
Additional Doc 3 (Requested in ATC)
Additional Doc 4 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
Frequently Asked Questions
Key insights about CHHATTISGARH tender market
What are the eligibility requirements for tender GEM/2025/B/6069062?
The eligibility requirements include being a registered insurance provider with the necessary licenses. Bidders must demonstrate experience in handling government contracts and provide proof of financial stability. Additionally, they must comply with specific standards set by the Department of Economic Affairs to qualify.
What technical specifications must be met for participation in the tender?
The technical specifications require bidders to showcase professional qualifications in asset insurance and experience in assessing risks for government properties. Compliance with underwriting standards and the ability to create customized insurance packages that cater to diverse government assets are also essential.
Are there specific Earnest Money Deposit (EMD) details for submissions?
Yes, participants are usually required to submit an Earnest Money Deposit (EMD) as part of their bid documents. This deposit acts as a security measure to ensure that bidders adhere to the terms and conditions of the bidding process, with details provided in the tender specifications.
How is the evaluation and selection process conducted for the tender?
The evaluation and selection process involves assessing the compliance of bids with eligibility and technical requirements followed by a financial review. The offering that best meets the stated criteria while providing value is selected, ensuring an equitable evaluation of all submissions.
What benefits are provided for Micro, Small, and Medium Enterprises (MSEs) as per this tender?
Micro, Small, and Medium Enterprises (MSEs) may receive special consideration during the evaluation process. This includes simplified qualification criteria and potential benefits aimed at supporting MSE participation, thereby encouraging a more competitive bidding environment.