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 for Fire Insurance with Standard Fire & Special Perils (STFI), plus Earthquake, Storm, Flood and other natural calamities. The estimated value is ₹143,098.00; no explicit EMD amount listed. Location details are not specified in the tender data. The contract includes optional coverage extensions and a 25% quantity/duration adjustment at contract issue and post-issuance. Unique terms include an excess settlement option for added charges, with mandatory supporting documents. This tender emphasizes comprehensive multi-hazard insurance for aquaculture assets and associated risk mitigation.
Technical Specifications & Requirements
- Insurance coverage: Fire Insurance + STFI + Earthquake + Cyclones and other natural calamities; optional enhancements may apply.
- Applicable perils: Storm, Typhoon, Hurricane, Tornado, Flood and Inundation; Earthquake included; additional natural calamities may be covered under standard policy wording.
- Value reference: Estimated value ₹143,098.00; no specified EMD provided in the data.
- Terms to note: 25% quantity/duration flex at bid issuance; after issue, expansion limited to 25%.
- Excess settlement: bidders may claim additional charges up to a defined percentage; must declare applicability during invoicing with supporting documents.
- BOQ: No items listed; BOQ section shows Total Items: 0.
Terms, Conditions & Eligibility
- EMD: amount not disclosed in the tender; bidders should verify payment terms in ATC.
- Quantity/duration: revised up to 25% at contract issue; post-issuance also permissible within the same limit.
- Payment terms: to be confirmed in ATC; bidders should prepare standard insurance bid documents and financials.
- Documentation: GST certificate, PAN, prior experience certificates, financial statements, OEM authorizations, and technical compliance as required by the ATC.
- Penalties/ warranties: not detailed in the provided data; bidders must review ATC for risk mitigation provisions.
- Eligibility: no explicit experience years or turnover specified in the data; bidders should review the ATC for qualification criteria.
