GEM

National Insurance Company Limited Services Tender North 24 Parganas West Bengal 2025 - EMD ₹10 Lakh, PBG 3% & RFP Fee ₹25,000

Bid Publish Date

31-Dec-2025, 4:33 pm

Bid End Date

29-Jan-2026, 2:00 pm

Latest Corrigendum Available

Progress

Issue31-Dec-2025, 4:33 pm
Corrigendum07-Jan-2026
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

Categories 1

Tender Overview

The National Insurance Company Limited (NICL), Department of Financial Services, invites bids for a services procurement located in NORTH 24 PARGANAS, WEST BENGAL 700057. Key financial terms include an EMD of ₹10,00,000, RFP fee ₹25,000, and a Performance Bank Guarantee (PBG) of 3% of total contract value. Bids are to be submitted online via GeM/eProcure with a parallel physical submission. The buyer reserves the right to adjust contract quantity or duration by up to 25% either at issue or post-award. Final award relies on a weighted techno-commercial score (Technical 70%, Commercial 30%). This tender has no BOQ items published, indicating a service-focused scope subject to RFP documentation.

Technical Specifications & Requirements

  • Bid mode: Online (GeM/eProcure) plus Physical submission.
  • EMD: ₹10,00,000; refund to unsuccessful bidders within 45 working days after finalization, on application.
  • RFP Fee: ₹25,000; non-refundable as per terms.
  • PBG: 3% of total contract value; applicable on award.
  • Tender evaluation: Weighted Techno-Commercial (Tw = 0.70, Fw = 0.30).
  • No published BOQ items; procurement scope governed by RFP documents and ATC terms.
  • ATC confirms adherence to RFP terms; all “Eligibility Criteria” aligned with the originating RFP.
  • Additional quantity/duration flexibility: up to 25% as per Buyer’s contract issuance policy.

Terms, Conditions & Eligibility

  • EMD: ₹10,00,000 (to be deposited as per RFP directions) and refunded post-finalization on request.
  • RFP Fee: ₹25,000 (non-refundable).
  • PBG: 3% of total contract value.
  • Submission mode: Online GeM/eProcure plus Physical delivery.
  • Final award based on combined score: Technical 70% and Financial 30%.
  • Compliance to ATC and default terms as per RFP; no BOQ specifics provided in tender metadata.

Key Specifications

    • EMD: ₹10,00,000
    • RFP Fee: ₹25,000
    • PBG: 3% of total contract value
    • Submission mode: Online (GeM/eProcure) + Physical
    • Evaluation weights: Tw = 0.70, Fw = 0.30
    • Quantity/duration adjustment: up to 25% at issuance or post-award
    • No published BOQ items; scope defined through RFP documents and ATC.

Terms & Conditions

  • EMD of ₹10,00,000; refund after award on request within 45 working days.

  • PBG set at 3% of total contract value; payment milestones per contract.

  • Combined techno-commercial evaluation with 70% weight to technical bids.

  • Bid submission requires online GeM/eProcure and physical delivery.

  • RFP fee of ₹25,000; non-refundable; ATCs govern eligibility.

  • No BOQ items disclosed; adhere to RFP documents and terms.

Important Clauses

Payment Terms

EMD ₹10,00,000; PBG 3% of total contract value; payment terms to be defined in RFP.

Delivery Schedule

Delivery/completion schedule to be specified in the RFP and ATCs; standard is post-award with possible 25% quantity/duration adjustment.

Penalties/Liquidated Damages

Liquidated damages and penalties to be defined in the RFP and contract agreement; details in terms and ATCs.

Bidder Eligibility

  • Proven experience in providing related services as per RFP

  • Financial capacity evidenced by audited statements

  • GST and PAN compliant with government procurement norms

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Required Documents

1

GST registration certificate

2

Permanent Account Number (PAN) card

3

Experience certificates for similar services

4

Audited financial statements for the last 2 financial years

5

EMD submission proof

6

Technical bid documents demonstrating service capability

7

OEM authorizations or supplier certifications (if applicable)

8

RFP response copy and any other bidder-specific forms required by GeM/eProcure

Corrigendum Updates

2 Updates
#1

Update

07-Jan-2026
#2

Update

07-Jan-2026

Extended Deadline

29-Jan-2026, 2:00 pm

Opening Date

29-Jan-2026, 2:30 pm

Frequently Asked Questions

Key insights about WEST BENGAL tender market

How to bid in NICL services tender in North 24 Parganas West Bengal 2025

Bidders should complete online GeM/eProcure submission and send a parallel physical bid per RFP instructions. Ensure EMD of ₹10,00,000, RFP fee of ₹25,000, and a 3% PBG of total contract value. Technical bid must meet 70% weight, with 30% for financial bid. Attach all mandatory documents.

What documents are required for NICL service tender in West Bengal

Submit GST registration, PAN card, audited financial statements, experience certificates for similar services, EMD proof, technical bid documents, and OEM authorizations if applicable. Include any RFP-specific forms and ensure GeM/eProcure submission is complete with physical bid copy.

What are the key financial terms for NICL procurements in Bengal 2025

Key financial terms include an EMD of ₹10,00,000, RFP fee ₹25,000 non-refundable, and a PBG of 3% of total contract value. Final award weights technical bids at 70% and financial bids at 30%, with refunds of EMD to unsuccessful bidders after 45 working days.

What delivery terms apply to NICL services tender in West Bengal

Delivery terms are defined in the RFP; the buyer may adjust contract quantity or duration by up to 25% at issuance or post-award. Ensure readiness to scale services and comply with ATCs; exact timelines will be specified in the final contract.

What standards or approvals are required for NICL service bids 2025

Bidders must meet eligibility criteria per the RFP, provide GST and PAN, and may need OEM authorizations. The ATC states RFP documents govern compliance; no specific technical standards are listed in the tender metadata, so follow RFP terms and any IS/ISO references in the ATCs.

How is the final contract awarded in NICL tender West Bengal 2025

Final award is based on a combined score: Technical score (ST) weighted 0.70 and Financial score (SF) weighted 0.30. The highest total score determines the preferred bidder. Ensure competitive financial pricing and strong technical capability demonstrated in bid documents.

What is the meaning of the 25% quantity/duration adjustment clause

The buyer can increase or decrease the contract quantity or duration by up to 25% at the time of issue and after contract issuance. Bidders must accept revised quantities or durations and plan resources accordingly to avoid penalties or supply gaps.

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