Procurement Opportunity: Motor Insurance Service - 4 Wheeler; 1001 to 1500 CC,Motor Insurance Service - 4 Wheeler; Above 250 in RAJKOT, GUJARAT
Progress
Airports Authority Of India invites bids for Motor Insurance Service - 4 Wheeler; 1001 to 1500 CC, Motor Insurance Service - 4 Wheeler; Above 2500 CC, Motor Insurance Service - 2 Wheeler; 0 to 1000 cc in RAJKOT, GUJARAT. Quantity: 10. Submission Deadline: 15-01-2025 11: 00: 00. Submit your proposal before the deadline.
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | 20-01-2025 23:20:16 | |
| 2 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | 20-01-2025 15:23:48 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Motor Insurance Service - 4 Wheeler; 1001 to 1500 CC,Motor Insurance Service - 4 Wheeler; Above 250 | |
| L2 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Motor Insurance Service - 4 Wheeler; 1001 to 1500 CC,Motor Insurance Service - 4 Wheeler; Above 250 |
Tender Data
Bid Details
Quantity
10
Bid Type
Two Packet Bid
Bid Validity
90 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Requirements
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
Motor Insurance Service - 4 Wheeler; 1001 to 1500 CC , Motor Insurance Service - 4 Wheeler; Above 2500 CC , Motor Insurance Service - 2 Wheeler; 0 to 1000 cc
Authority Records
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Documents 5
GeM-Bidding-7325268.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Required Documents
Certificate (Requested in ATC)
Additional Doc 1 (Requested in ATC)
Additional Doc 2 (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 GUJARAT tender market
What are the eligibility requirements for participating in this tender?
The eligibility requirements include being a registered entity with the necessary licenses and prior experience in motor insurance. Bidders from MSEs or startups may seek exemptions on certain criteria upon providing valid supporting documents.
What certificates must be submitted with the bid?
Bidders must submit a Certificate as requested in the ATC, along with any additional documentation that verifies compliance with eligibility and experience criteria.
How can I register to bid for this tender?
Entities can register on the GeM portal and complete the necessary verification processes. Detailed steps may be outlined in the bid document.
What document formats are accepted for submission?
All required documents should be submitted in PDF format unless otherwise specified. Check the tender document for any additional format requirements.
What are the technical specifications for the insurance coverage?
Technical specifications will vary by vehicle type. Bidders are advised to review the detailed requirements stipulated in the additional terms outlined in the bidding documents.
What quality standards must the insurance provider comply with?
All insurance services must comply with the standards set by the Insurance Regulatory and Development Authority of India (IRDAI), ensuring reliability and transparency.
Are there specific compliance requirements outlined in the tender?
Yes, compliance with the Make in India initiative is one of the essential requirements, motivating local content in bids, which must be addressed in the submitted documents.
What is the Earnest Money Deposit (EMD) requirement for this tender?
Details regarding the EMD are specified in the tender document. Bidders must ensure compliance to secure their bids.
What performance security is required after winning the tender?
Winning bidders will be required to submit a performance security in accordance with the guidelines provided in the tender document.
How are payment terms structured in this tender?
Payment terms will be defined in the contract post-evaluation and can vary depending on the agreement between AAI and the selected bidder.
What considerations are taken into account during price evaluation?
Price evaluation will focus on the total value proposition, including premiums and any additional costs. The detailed financial breakdown submitted by bidders will play a crucial role.
How should bids be submitted?
Bids should be submitted electronically through the GeM portal as specified in the tender instructions, ensuring compliance with all submission requirements.
When can bidders expect to receive results of the evaluation?
Results will be communicated promptly after the evaluation process is complete. Specific timelines will be mentioned in the tender notifications.
What benefits are available for MSEs participating in this tender?
MSEs may receive exemptions from specific eligibility criteria and may be prioritized in the evaluation process, promoting local business participation.
Are there any benefits or provisions available for startups?
Startups can also be exempted from certain requirements, provided they submit the necessary documentation to prove their eligibility.
How does this tender align with local content and procurement rules?
The tender encourages local content by prioritizing bids from Indian manufacturers and service providers, supporting the government’s local procurement initiatives.