Tender Notice for Assets Insurance Service - Contractors All Risk (CAR); Property Damage Cover, Standard Fire & Speci in KAMRUP, ASSAM
Progress
Public procurement opportunity for Engineering Projects (india) Ltd. Assets Insurance Service - Contractors All Risk (CAR); Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Earthquake Cover, Theft/Burglary Cover, MBD (Machinery breakdow. . in KAMRUP, ASSAM. Quantity: 1 issued by. Submission Deadline: 27-06-2025 11: 00: 00. View full details and respond.
Tender Data
Bid Details
Quantity
1
Bid Type
Single Packet Bid
Bid Validity
90 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Requirements
Experience Required
3 Year (s)
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
Assets Insurance Service - Contractors All Risk (CAR); Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Earthquake Cover, Theft/Burglary Cover, MBD (Machinery breakdow..
Authority Records
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Documents 4
GeM-Bidding-7842339.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
4 Updates Update
Update
Update
Update
Required Documents
Experience Criteria
Bidder Turnover
Additional Doc 1 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
Frequently Asked Questions
Key insights about ASSAM tender market
What are the eligibility requirements for GEM/2025/B/6232784?
The eligibility requirements include being a registered entity with valid licenses, having experience in providing asset insurance services, and complying with regulatory standards. Bidders must demonstrate their capability through relevant documentation, showcasing their experience and expertise in offering Contractors All Risk (CAR) insurance and other associated covers.
What technical specifications must be met for asset insurance services?
Bidders are required to provide technical specifications detailing the coverage extent, types of perils included, and their methods of risk assessment. Compliance with quality standards and industry norms is crucial, ensuring the service will adequately protect against damages like floods, earthquakes, and theft. Evidence of previously provided insurance services and consistent adherence to compliance requirements is also necessary.
What are the payment terms and performance security requirements?
Bidders must note that an Earnest Money Deposit (EMD) is usually required as part of the submission. Upon contract award, the successful bidder will be required to provide performance security, which serves as a guarantee for fulfilling the contract. Payment terms will be elaborated in the contract, typically including milestone payments based on deliverables and assurances of service commencement.
How will submissions be evaluated and notified?
Submissions will be evaluated based on a well-structured process that assesses technical proposals, financial offerings, and past performance. Notification of results will be communicated via official channels to ensure transparency. Bidders should allow for a review period after which successful candidates will be informed about their acceptance and further steps.
Are there benefits for MSEs and startups in this tender?
Yes, the tender includes provisions that specifically promote participation from micro, small, and medium enterprises (MSEs) and provides benefits to startups. This approach is aligned with the "Make in India" policies, encouraging local sourcing and procurement rules, enhancing the competitiveness of domestic players in the asset insurance sector while driving innovation and economic growth.