Bharat Heavy Electricals Limited Insurance Tender Kaiga Marine Cum Erection & Related Cover 2026
Bid Publish Date
07-Aug-2026, 10:57 am
Bid End Date
31-Aug-2026, 4:00 pm
Location
Progress
Key Highlights
- • Insurance program consolidating Marine cum erection, Property Damage, Fire & Perils, STFI, MBD, and Business Interruption
- • Kaiga site targeted; risk transfer for heavy electrical assets and erection activities
- • ATC document uploaded by buyer governs submission terms and eligibility
- • No BOQ or itemized quantities; expect policy-level bid requirements and premiums
- • No specified EMD amount or estimated contract value in available data
- • Review IS 550/ISO standards or insurer-specific guidelines if mentioned in ATC
- • Single bundled coverage with potential long-term premium commitments
- • Compliance with tender terms and bidder qualifications in ATC is critical
Tender Overview
Organization: Bharat Heavy Electricals Limited (BHEL) under the Department of Heavy Industry. Procurement scope: Assets Insurance Service including Marine cum erection, Property Damage Cover, Standard Fire & Special Perils Cover, Storm/Typhoon/Hurricane/Tornado, Flood & Inundation, Machinery Breakdown Cover, and Business Interruption for the Kaiga site. Location: Kaiga, Karnataka (Kaiga site referenced in tender category). Estimated value and EMD: Not disclosed in the available data; BOQ items show 0 total. This tender bundles multiple insurance covers into a single program to safeguard assets, operations, and downtime at the Kaiga facility. The ATC document uploaded by the buyer adds mandatory terms governing bid participation. The tender appears to target comprehensive risk transfer for heavy electrical assets and associated erection activities within the Kaiga operations framework.
Technical Specifications & Requirements
- Product/service: Insurance service package covering Marine cum erection, Property Damage, Fire & Perils (STFI), Weather-related perils (Storm/Typhoon/Hurricane/Tornado), Flood/Inundation, Machinery Breakdown, and Business Interruption.
- Geography: Kaiga site; scope likely spans on-site assets and erection activities as part of O&M support.
- Standards/qualifications: Not specified in available data; bidders should review the ATC for any required certifications or risk-insurance standards.
- Documentation/inputs: The buyer has an ATC document; no BOQ entries or itemized quantity list provided. Tender data suggests a consolidated insurance program rather than itemized goods.
- Delivery/activation: No explicit delivery timeline in the provided data; industry practice implies policy activation upon bid award and contract execution.
- Eligibility: No explicit experience criteria listed; bidders should consult the ATC and compliance sections.
Terms, Conditions & Eligibility
- EMD / security: Not disclosed in the available data; bidders must review the ATC and tender terms for EMD requirements.
- Documents required: Submit standard bid documents per ATC; GST, PAN, financials, and prior insurance bid experience are typical expectations but not explicitly listed here.
- Delivery terms: No specific delivery schedule provided; insurance policies typically commence at policy inception post-award.
- Payment terms: Not specified; standard practice involves premium payment terms as per policy schedule.
- Special clauses: ATC exists and must be consulted; BOQ items are not present. Bidders should ensure compliance with all terms in the ATC for final submission.
Key Specifications
-
Insurance coverage: Marine cum erection, Property Damage, Standard Fire & Special Perils, STFI, Machinery Breakdown, Business Interruption
-
Geographic scope: Kaiga site; assets and erection activities
-
Documentation: ATC document governs submission; no BOQ items or quantities provided
-
Standards/certifications: Not specified in data; bidders should confirm with ATC
-
Delivery/activation: Policy inception upon award; confirm with ATC
-
Experience: Not explicitly stated; refer to ATC for eligibility
Terms & Conditions
-
ATC governs bid terms; review for EMD, eligibility, and submission requirements
-
No BOQ, no quantities; value-based insurance bid expectations under ATC
-
Policy commencement and premium payment terms to be clarified in ATC
Important Clauses
Payment Terms
Premium payment schedule to be defined in ATC; standard insurance terms apply post-award
Delivery Schedule
Policy inception date subject to contract execution and insurer approval; no fixed delivery timeline in data
Penalties/Liquidated Damages
Not specified in available data; refer to ATC for penalty or LD provisions if any
Bidder Eligibility
-
Licensed insurer or broker with capability to underwrite industrial asset risk
-
Experience in marine cum erection and multi-risk insurance programs
-
Financial capacity to support premium payments and potential policy endorsements
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
90 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
Yes
Startup Exemption/Relaxation
Yes
Bid Splitting Applied
No
Requirements
Experience Required
5 Year (s)
Arbitration Clause
Yes (Arbitration clause document) as per DoE OM No.F.1/2/2024-PPD dated 03.06.2024 Arbitration should not be routinely included in contracts
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Assets Insurance Service - Marine – cum – Erection (MCE), Kaiga; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, MBD (Machinery breakdown) Cover, Business Interruptio..
Payment Timelines
Payments shall be made to the Seller within 30 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Delivery Locations
1
Delivery Cities
South
Delivery Pincodes
110049
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Kamlesh Agarwal | 110049,BHEL, BHEL House, Siri Fort, New Delhi | South | Delhi | 110049 | Project / Lumpsum Based | - | Total Number of Asset to be Insured (Quantity) : 1 Total Sum Insured for the Assets : 42234528157 |
Authority Records
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Documents 7
GeM-Bidding-9720336.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
1 Update Update
Extended Deadline
24-Aug-2026, 10:30 am
Opening Date
24-Aug-2026, 11:00 am
Categories
3
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Required Documents
GST registration certificate
Permanent Account Number (PAN) card
Experience certificates in insurance/risks coverage for industrial assets
Financial statements or turnover proof
EMD/Security deposit as per ATC
Technical bid documents demonstrating insurer capabilities
OEM authorizations or broker/agency licenses (if applicable)
Insurance policy samples or references to similar contracts
Frequently Asked Questions
Key insights about DELHI tender market
How to bid for the Kaiga insurance tender in 2026 with BHEL?
Bidders must consult the ATC uploaded by BHEL and submit all required documents: GST, PAN, experience certificates, financials, EMD as per ATC, and technical compliance. Ensure the insurance program covers Marine cum erection, Property Damage, Fire & Perils, STFI, MBD, and Business Interruption.
What documents are required for BHEL insurance bid at Kaiga?
Prepare GST certificate, PAN card, company financial statements, past insurance experience certificates, EMD/security deposit per ATC, insurance capability proof, and any OEM authorizations or broker licenses required by the ATC terms.
What covers are included in the BHEL Kaiga insurance package?
The package includes Marine cum erection, Property Damage, Standard Fire & Special Perils, Storm/Typhoon/Hurricane/Tornado, Flood & Inundation, Machinery Breakdown, and Business Interruption, offering integrated risk transfer for Kaiga assets and erection activity.
What are the delivery terms for the BHEL Kaiga policy?
Policy inception is contingent on contract award and insurer acceptance per ATC; no fixed delivery date is listed. Confirm startdate and renewal cadence in the ATC during bid submission.
What are the payment terms for the BHEL Kaiga insurance bid?
Payment terms are defined in the ATC; bidders should expect premium timing aligned with policy activation, with potential upfront or milestone-based premium payments per the auction terms.
How to verify eligibility for the BHEL Kaiga insurance procurement?
Verify eligibility against the ATC requirements: insurer/broker licensing, prior industrial risk underwriting, financial stability, and ability to provide the full multi-line coverage package as described.
What standards or certifications are required for this insurance tender?
The ATC does not specify standards in the available data; bidders should check if ISI, ISO or insurer-specific certifications are required and include any policy endorsements or risk management certifications in the bid.
What is the scope of the Marine cum erection cover in this tender?
Scope encompasses risks associated with marine-related erection activities and related assets at the Kaiga site, including transit, installation, and commissioning risk exposures under a single insurance program.