Assets Insurance Service - AS PER TENDER; AS PER TENDER; Mandatory
Bharat Heavy Electricals Limited (bhel)
BISHNUPUR, MANIPUR
Posted:
11 July 2025
Closed:
6 August 2025
GEM
GEM
Balmer Lawrie And Company Limited Assets Insurance Service Tender Hooghly West Bengal 2026
Bid Publish Date
29-May-2026, 6:24 pm
Bid End Date
08-Jun-2026, 7:00 pm
Value
₹2,00,000
Location
Progress
Issue29-May-2026, 6:24 pm
AwardPending
Quantity
1
Bid Type
Single Packet Bid
Key Highlights
- • Balmer Lawrie And Company Limited prioritizes warehouse assets insurance coverage in Hooghly, West Bengal
- • 50% option clause allows contract quantity or duration adjustments before/after award (with provider consent for lumpsum contracts)
- • Estimated contract value around ₹200,000; no BoQ items or explicit technical specs available
- • Buyer Added Bid Specific Terms govern the tender; no explicit EMD amount or payment terms disclosed
- • No explicit standards or certifications listed in the tender extract
Categories
2
Tender Overview
Balmer Lawrie And Company Limited invites bids for an Assets Insurance Service covering Warehouse assets at the Hooghly location (West Bengal, 712101). The tender has an estimated value of ₹200,000. The scope focuses on insuring warehouse assets; no BOQ items are listed. A distinctive feature is the 50% option clause allowing the buyer to adjust contract quantity or duration up to 50% before and after contract award. This adds flexibility in scope and duration management for lumpsum-based services. Location-specific procurement details emphasize local compliance for tender in Hooghly and Balmer Lawrie procurement dynamics.
Technical Specifications & Requirements
- Category: Assets Insurance Service - Warehouse assets
- Location: Hooghly, West Bengal 712101
- Estimated Value: ₹200,000
- EMD: Not specified in the data
- BOQ Items: Not available (Total Items: 0)
- Standards/Certifications: Not specified; no technical specs documented
- Key Clause: 50% option clause enabling up to 50% increase/decrease in quantity or duration; applies to lumpsum-based contracts with provider consent
- Submission Context: Terms are embedded as Buyer Added Bid Specific Terms; no explicit product specs provided beyond insurance service scope
- Unique Consideration: Emphasis on warehouse assets insurance and potential contract scope adjustments via the option clause
Terms, Conditions & Eligibility
- EMD: Not specified in tender details
- Delivery/Timeline: Not defined in available data
- Payment Terms: Not disclosed in provided terms
- Option Clause: Up to 50% adjustment in quantity or duration; must be accepted by bidders if invoked
- BOQ: No items listed; no schedule of rates
- Documentation: Terms are part of Buyer Added Terms and Conditions; no explicit submission checklist provided in the extract
- Warranty/Penalties: Not specified within the provided terms
- Eligibility: Based on standard tendering of assets insurance services; no explicit eligibility matrix in the data
Key Specifications
-
Asset category: Warehouse assets insurance service
-
Estimated value: ₹200,000
-
Location: Hooghly, West Bengal, 712101
-
BOQ: None available (Total Items: 0)
-
EMD: Not specified
-
Contract flexibility: 50% quantity/duration adjustment
-
Tender terms: Buyer Added Bid Specific Terms
Terms & Conditions
-
50% option clause permits contract quantity or duration adjustments up to 50%
-
Estimated contract value ₹200,000; no explicit EMD amount disclosed
-
No BOQ items available; tender lacks detailed technical specifications
Important Clauses
Payment Terms
Not specified in the provided tender data; bidders should await clarification during bid submission
Delivery Schedule
Not specified in the provided tender data; no delivery milestones described
Penalties/Liquidated Damages
Not specified in the provided tender data; no penalty framework described
Bidder Eligibility
-
Experience in assets insurance services for warehouse or similar facilities
-
Financial stability demonstrated by turnover or financial statements
-
Ability to comply with the 50% option clause for quantity/duration adjustments
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Assets Insurance Service - Warehouse assets; Warehouse assets; Mandatory
Authority Records
MINISTRY OF PETROLEUM AND NATURAL GASBALMER LAWRIE AND COMPANY LIMITED
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Documents 5
GeM-Bidding-9396951.pdf
Main Document
BOQ Document
BOQ
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
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Historical Data
Required Documents
1
GST registration certificate
2
PAN card
3
Experience certificates in assets insurance services
4
Financial statements or turnover proof
5
EMD deposit proof (if applicable under final terms)
6
Technical bid documents or insurance service capability statements
7
OEM authorizations or insurer authorizations (if required by policy)
Frequently Asked Questions
Key insights about WEST BENGAL tender market
How to bid for Balmer Lawrie warehouse insurance tender in Hooghly West Bengal
Bidders should prepare documents listed in the terms, ensure capacity for warehouse asset coverage, and be ready to accept the 50% quantity/duration adjustment clause. The bid requires organization details, financials, GST, PAN, and evidence of prior warehouse insurance experience. Ensure compliance with local procurement rules for West Bengal
What documents are required for the Hooghly insurance service bid in West Bengal
Submit GST registration, PAN card, at least one experience certificate in warehouse or asset insurance, financial statements, and any insurance provider authorizations. Include technical compliance statements and proof of capability to insure warehouse assets valued around ₹200,000. EMD details will be clarified at bid opening
What are the technical specifications for Balmer Lawrie insurance tender
No explicit technical specifications are published. Bidders should focus on providing evidence of capability to insure warehouse assets and meet service levels for asset insurance. Await clarifications for any required policy terms, coverage limits, and claim settlement processes
When is the submission deadline for the Hooghly insurance tender 2026
The exact submission deadline is not provided in the data. Prospective bidders should monitor the tender portal for updates and ensure readiness with required documents and insurance proposal. Timely submission is critical to compete for Balmer Lawrie procurement in Hooghly
What is the EMD requirement for the Balmer Lawrie warehouse insurance bid
The tender data does not specify an EMD amount. Bidders should await official tender clarification on EMD submission, and prepare to furnish an EMD as per the final Terms and Conditions if required, using standard online or demand draft methods
How does the 50% option clause affect the insurance contract
The clause allows the buyer to increase or decrease contract quantity or duration by up to 50% at contract issue and post-award, subject to bidder consent. For lump-sum contracts, the scope of work and value may be adjusted with mutual agreement, impacting pricing and schedule
What location and organization is issuing the warehouse insurance RFP
The tender is issued by Balmer Lawrie And Company Limited for warehouse assets insurance in Hooghly, West Bengal (PIN 712101). Bidders must align their insurance offering to local asset coverage requirements and Balmer Lawrie procurement standards
What submission terms should bidders expect for this insurance service
Expect submission of organizational credentials, financial documents, insurance capability statements, GST and PAN details, prior warehouse insurance experience, and confirmation of compliance with the 50% adjustment clause. Final terms and EMD will be clarified in the official bid release
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Documents 5
GeM-Bidding-9396951.pdf
Main Document
BOQ Document
BOQ
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS