Invitation to Bid - Custom Bid for Services - COMPREHENSIVE MEGA OPERATIONAL RISK POLICY AND STANDALONE TERRORISM POLIC in DIBRUGARH, ASSAM

The qualification requirements include being a recognized and registered insurance provider with necessary licenses. Bidders must show financial stability and previous experience in managing comprehensive insurance policies similar to the ones required for this tender.

Bidders must submit relevant certificates that prove their compliance with regulatory standards, including insurance regulatory licenses and any certification relating to financial and operational capability.

During the registration process, bidders should provide documents that verify their operational status, including business registration certificates, tax compliance certificates, and recent financial statements to illustrate their capability to manage the proposed policies.

Successful bidders need to furnish performance security in the form of a bank guarantee or equivalent financial instrument, ensuring their commitment to fulfilling the contract obligations. Typically, this will be a specific percentage of the total bid amount.

The payment terms will be detailed in the tender document, typically requiring an upfront payment with subsequent payments linked to policy issuance milestones. Additionally, payment may be contingent upon performance metrics as detailed in the awarded contract terms.