Invitation to Bid - Group Mediclaim Insurance Service - Contract Employees; Hospitalization for accident & emergency Tr in RAIGAD, MAHARASHTRA

The eligibility requirements include being a registered entity with a minimum average annual turnover of INR 2 Lakh over the last three years and at least 2 years of relevant experience providing insurance services to Government organizations or PSUs.

Bidders must provide various certificates as specified in the Additional Terms and Conditions (ATC). This may include proof of experience, financial standing, and other essential documents that validate their qualifications.

To participate, bidders must register on the relevant government procurement platforms, such as GeM. After registering, they should familiarize themselves with the bidding conditions and guidelines to submit a valid bid.

Bidders should submit documents in commonly accepted formats such as PDF or Word files unless otherwise specified in the bidding documentation.

The technical specifications clearly state the need for coverage in hospitalization for accidents and emergencies, maternity, and management of all pre-existing illnesses with no dependency coverage required.

The insurance services must comply with all relevant quality standards and regulations as established by the Ministry of Petroleum and Natural Gas and applicable insurance regulatory authorities in India.

Bidders must ensure compliance with all regulatory requirements as stipulated in the tender document, including adherence to local procurement policies and other government orders relevant to MSEs.

The evaluation will focus on total value-wise assessment, including compliance with technical specifications, financial proposals, and supporting documentation as required in the tender.

This tender does not require an Earnest Money Deposit (EMD) from bidders, indicating a more accessible entry for potential service providers.

Successful bidders will need to provide a performance security equivalent to 5% of the total contract value, maintained for a duration of 14 months.

Payment terms will be outlined in the contract, detailing the schedules and conditions under which payments will be processed post-service delivery.

Price evaluations will consider not just the quoted prices but also the overall value, including service quality, compliance with specifications, and bidder experience with similar projects.

Bids should be submitted online through the specified government procurement platform. Specific timelines and details surrounding deadlines can be found in the bid document and must be adhered to strictly.

While no exemptions are provided in terms of experience and turnover for MSEs in this tender, they will receive purchase preferences based on the Public Procurement Policy for MSEs.

Similar to MSEs, there are no exemptions for startups regarding experience or turnover requirements. However, they are encouraged to compete actively under the existing procurement policies.

The tender encourages local sourcing and compliance with procurement policies aimed at promoting manufacturing in India, thereby aligning with the 'Make in India' initiative.