Oil and Natural Gas Corporation Limited Insurance Services Tender Raigad Maharashtra 2026 All Risk CGL Property Damage Cover

Tender Overview

The tender is issued by Oil And Natural Gas Corporation Limited for comprehensive Insurance Services covering multiple risk classes, including All Risk Policy, CGL, Property Damage Cover, Business Interruption (Loss of Profit), Machinery Breakdown, Terrorism, Earthquake and related perils. Location: Raigad, Maharashtra. While no explicit BOQ quantity is listed, the scope includes standard insurance wraps across asset risk, event-driven losses, and operational disruption, with potential optional cover extensions. The contract may allow scope adjustments of up to 25% in quantity or duration at issuance, ensuring flexibility for fluctuating risk exposure. A robust integrity framework is required, including uploading a signed Integrity Pact. The absence of BOQ items suggests a broad insurance placement rather than itemized procurement, emphasizing policy terms, coverage limits, and compliance rather than physical goods. This tender targets experienced insurance providers familiar with large-scale energy-sector risk pools and government procurement processes, demanding strict document compliance and policy-level alignment with organizational risk appetite.

Technical Specifications & Requirements

• Product/Service: Comprehensive Insurance Services (All Risk, CGL, Property Damage, Business Interruption, Machinery Breakdown, Terrorism, Earthquake)
• Coverage scope: Multi-line property and casualty insurance; perils aligned with standard exhibits for energy assets
• Flexibility: Option clause allows up to 25% adjustment in contract quantity or duration at contract issue; post-issue adjustment limited to 25%
• Documentation: Upload signed Integrity Pact; submit required certificates per ATC; ensure compliance with bid document and corrigenda
• Standards/Compliance: Not specified; emphasis on policy terms, coverage limits, claim processes, and risk transfer efficiency
• Delivery/Implementation: Insurance policy issuance and management during contract term; renewal and endorsements as needed

Terms, Conditions & Eligibility

• EMD: Not disclosed in the available data
• Integrity Pact: Required; upload signed copy with bid
• Certificates: All certificates/documents sought in Bid documents, ATC, and corrigenda must be uploaded
• Qualification: Bidder must comply with Buyer Organization policies; lack of required documents may lead to rejection
• ATC: Buyer-uploaded ATC document applies
• Additional clauses: Optional coverage elements may be negotiated; ensure adherence to generic terms and organization-specific policies