Assets Insurance Service - Fire Insurance; Property Damage Cover, Standard Fire & Special Perils Co
Hmt Limited
PANCHKULA, HARYANA
Posted:
30 July 2025
Closed:
20 August 2025
GEM
Tender Overview
Rajiv Gandhi Centre For Aquaculture seeks an insurance service provider for Fire Insurance with Standard Fire & Special Perils Cover (STFI), including natural calamities such as Storm, Typhoon, Hurricane, Tornado, Flood and Inundation, Earthquake, Cyclones, and related risks. The estimated contract value is ₹6,991.00 (currency not specified). The procurement location is not disclosed. The tender includes an optional extension clause up to 25% for quantity or duration changes and an excess settlement option allowing additional charges up to a defined percentage of item-level value with required supporting documentation. No BOQ items are listed. This opportunity requires compliance with specific ATC terms uploaded by the buyer.
Technical Specifications & Requirements
- Insurance category: Fire Insurance with STFI and Earthquake cover, including cyclones and other natural calamities.
- Estimated contract value: ₹6,991.00; no BOQ quantities provided.
- Excess settlement option: Allows additional charges up to a defined percentage of order value; declarative invoice with mandatory supporting documents.
- Quantity/duration flexibility: Up to 25% increase/decrease at contract issue; post-issuance limits also capped at 25%.
- ATC/document access: Buyer-uploaded ATC document available for bidder reference.
- No explicit technical standards listed; rely on standard fire insurance terms and subject ATC.
Terms, Conditions & Eligibility
- EMD/guarantee: Not specified in the data provided.
- Option clause: Quantity/duration may be adjusted up to 25% at contract issue and post-issuance.
- Excess settlement transparency: Additional charges must be declared at invoice creation with supporting documents; total invoice value including addons must stay within allowed excess percentage.
- Documents & compliance: Bidders must review the uploaded ATC; ensure readiness to submit required insurer credentials and policy terms as per tender terms. No explicit payment terms or warranty details provided.
