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Invitation to Bid - Motor Insurance Service - 10 WHEELER; 6544 in CHANDRAPUR, MAHARASHTRA

Bid Publish Date

31-Dec-2024, 1:38 pm

Bid End Date

10-Jan-2025, 2:00 pm

Value

₹43,438

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Progress

Issue31-Dec-2024, 1:38 pm
Corrigendum16-Jan-2025
Award17-May-2025, 1:39 pm

Central Mine Planning And Design Institute Limited has released a public tender for Motor Insurance Service - 10 WHEELER; 6544 in CHANDRAPUR, MAHARASHTRA. Quantity: 1. Submission Deadline: 10-01-2025 14: 00: 00. Download documents and apply online.

Financial Results

Rank Seller Price Item
L1
UNITED INDIA INSURANCE COMPANY LIMITED   Under PMA
Item Categories : Motor Insurance Service - 10 WHEELER; 6544

Contract / Result Documents 1

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Tender Data

Bid Details

Quantity

1

Bid Type

Single Packet Bid

Bid Validity

120 (Days)

Bid Type

Service

Evaluation

Total value wise evaluation

Tech Clarification Time

7 Days

Requirements

Arbitration Clause

No

Mediation Clause

No

Additional Tender Data

Commercial Details

Tender Category

Service

Bid To RA

No

Bid To RA Enabled

No

Item Category

Motor Insurance Service - 10 WHEELER; 6544

Authority Records

MINISTRY OF COALCOAL INDIA LIMITEDCENTRAL MINE PLANNING AND DESIGN INSTITUTE LIMITED

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Documents 4

GeM-Bidding-7315086.pdf

Main Document

Other Documents

OTHER

Buyer uploaded ATC document

ATC

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

Corrigendum Updates

2 Updates
#1

Update

16-Jan-2025

Extended Deadline

20-Jan-2025, 7:30 am

Opening Date

20-Jan-2025, 8:00 am

#2

Update

11-Jan-2025

Extended Deadline

15-Jan-2025, 5:30 am

Opening Date

15-Jan-2025, 6:00 am

Required Documents

1

Certificate (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria

2

the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer

Frequently Asked Questions

Key insights about MAHARASHTRA tender market

What are the eligibility requirements for tender participation?

The eligibility requirements include being a registered entity with the necessary certifications. Bidders seeking exemptions from experience or turnover criteria must provide supporting documents for evaluation.

Which documents are required for submission?

Bidders must include relevant certification documents as requested in the Alternative Technical Criteria (ATC). Supporting documentation for claimed exemptions must also be included for thorough evaluation.

What is the registration process for this tender?

Bidders should register on the Gem portal to participate. Upon registration, they can access the necessary documents and submit their bids electronically.

What formats are acceptable for submitted documents?

Accepted document formats typically include PDF, DOCX, and JPG, as specified in the submission guidelines. Bidders should ensure they follow format requirements to avoid disqualification.

Are there specific technical specifications to comply with?

Yes, bidders must adhere to the outlined technical specifications related to motor insurance services for ten-wheeler vehicles, which must be meticulously followed to fulfill the bid criteria.

What quality standards must the insurance services meet?

All proposed services must meet the industry-standard quality benchmarks and comply with insurance regulations as mandated by applicable Indian laws.

Are there specific compliance requirements for bidders?

Yes, all bidders must ensure compliance with local laws, regulations, and norms related to insurance services. Documentation proving compliance must be submitted as part of the bid.

What are the details regarding the Earnest Money Deposit (EMD)?

The Earnest Money Deposit (EMD) must accompany the bid submission, based on the specified value set in the tender documents. This deposit serves to ensure the seriousness of the bidders.

What are the performance security requirements?

Bidders may be asked to provide performance security or bank guarantees post-award of the contract to ensure the fulfillment of service commitments as per the bid specifications.

What are the payment terms outlined in the tender?

Payment terms are usually specified in the tender documents. Bidders should consult the main document for precise financial obligations and payment schedules after work completion.

How is the price evaluation process conducted?

The price evaluation will be carried out based on the total value of the bids submitted, examining both cost-effectiveness and adherence to technical requirements.

How should bidders submit their proposals?

Proposals should be submitted electronically via the GEM portal as specified in the tender guidelines. All documents must be uploaded in the required formats before the deadline.

What should bidders be aware of regarding timelines?

Bidders should consult the tender documents for key timelines such as submission dates, opening ceremonies, and other critical periods for submitting clarifications.

How will bidders know the results of their submission?

Results will be communicated through the GEM portal following the evaluation process as stipulated in the tender documents provided during submission.

Are there any benefits for Micro, Small, and Medium Enterprises (MSEs)?

Yes, specific provisions are in place to support MSEs, offering exemptions and benefits to encourage participation in the tender process.

What provisions exist for startups in this tender?

Startups may be eligible for favorable terms and exemptions as detailed in the tender documents. It’s crucial for startups to review the criteria closely to maximize benefits while applying.

Does this tender comply with 'Make in India' policies?

Yes, all bidders are encouraged to align their proposals with the 'Make in India' initiative, leveraging locally sourced materials and services wherever applicable.

How do local content and procurement rules influence this tender?

Local content and procurement rules guide the tender requirements and processes, favoring bids that demonstrate adherence to local sourcing and compliant practices in their proposals.