Contract Bidding Open For Liability Insurance Service - PROFESSIONAL LIABILITY INSURANCE POLICY FOR CONSULTANCY SERVICES FOR in GURGAON, HARYANA

The eligibility requirements include being a registered entity authorized to operate in India, possessing relevant insurance licenses, and demonstrating prior experience in providing similar professional liability insurance services. Bidders must ensure they comply with the necessary certifications and regulatory standards to qualify for this tender.

Proposals must encompass technical specifications that guarantee comprehensive insurance coverage for consultancy services. This includes clauses for errors, omissions, and negligence coverage. Bidders must align their policies with local laws and industry standards, ensuring that the specifications meet the project’s requirements over the specified duration of 13 months.

Typically, payment terms will be outlined in the tender document; however, bidders should be prepared to provide a Performance Security deposit to guarantee their performance under the contract. This ensures that services will be delivered as agreed upon in the bid. Payment schedules may follow milestone achievements outlined in the contract and subject to WAPCOS Limited's evaluation of deliverables.

The evaluation process will involve a thorough examination of submitted proposals based on compliance with the eligibility criteria, technical specifications, and financial viability. Each proposal will be assessed and scored, leading to the selection of the most suitable bidder. Feedback may be provided upon conclusion of the evaluation for transparency.

Micro, Small, and Medium Enterprises (MSEs) can enjoy various benefits when participating in this tender. These may include preferential treatment in the selection process and financial support in compliance with the government’s policies under initiatives like the Make in India campaign. By supporting local businesses, the initiative aims to enhance competitiveness and promote self-reliance in the industry.