Marine and Transit Insurance Service - Inland Transit; Land
Heavy Engineering Corporation Limited (hec)
RANCHI, JHARKHAND
Bid Publish Date
27-May-2026, 9:15 am
Bid End Date
06-Jun-2026, 10:00 am
Value
₹3,77,677
Location
Progress
Quantity
1
Bid Type
Two Packet Bid
The Indian Army, Department Of Military Affairs, invites bids for Marine and Transit Insurance Services covering Inland Transit and Land transport in Pune, Maharashtra 410301. Estimated value is ₹377,677.00 with no BOQ items listed. The tender emphasizes flexibility via a 25% variation in contract quantity or duration, and requires ongoing service support capabilities. An OEM or bidder must demonstrate a dedicated service line (toll-free) and an Escalation Matrix for quickest resolution. A local service office within the consignee state is mandatory, backed by documentary evidence. This opportunity targets insurers with regional presence and capability to manage inland marine risks for military logistics while adhering to buyer-specific ATCs.
No detailed technical specifications are provided in the tender data. Available cues include the scope being Inland Transit and Land marine insurance, with no itemized BOQ. The contract allows a potential scope expansion up to 25% subject to consent, and requires a dedicated service contact channel and a formal escalation matrix (5–7 numbers). The bidder must prove an office in Maharashtra and provide the necessary compliance certificates as per bid terms. Since no product specs are stated, focus on standard marine transit coverage, risk assessment, and reliable claim handling capabilities.
Key terms include: 25% quantity/duration variation at contract issue; service support with toll-free number; escalation matrix; mandatory Maharashtra-based service office; submission of certificates as required in bid documents/ATC; and adherence to all bidder-specified terms. EMD amount is not disclosed; delivery and payment terms are not specified. Bidders must upload required certificates to avoid rejection and comply with any ATC amendments or corrigendum.
Product/Service: Marine and Transit Insurance Service – Inland Transit; Land
Estimated Value: ₹377,677.00
Scope variation: up to 25% increase in quantity or duration upon contract issue
Service requirements: Dedicated toll-free service number and Escalation Matrix (5–7 contacts)
Geography: Office of service provider to be located in the state of the consignee (Maharashtra) with documentary evidence
BOQ: No items listed; no quantitative specs provided
EMD amount not disclosed in tender data
25% scope/quantity variation allowed with consent
Local Maharashtra-based service office required with documentation
Dedicated toll-free service line and escalation matrix mandatory
Upload of all certificates as per ATC to avoid rejection
Not specified; bidders should refer to ATC for payment terms and any adjustments tied to 25% scope variation.
Not specified; contract allows variation up to 25% in quantity/duration at issue.
Not specified; check ATC for any LD or performance bond requirements.
Proof of insurance licensing and capability for inland transit marine risk
Presence of an office in Maharashtra with documentary evidence
Compliance with all ATC and corrigendum requirements; upload all certificates
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
Yes
Item Category
Marine and Transit Insurance Service - Inland Transit; Land
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Main Document
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS
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GST registration certificate
Permanent Account Number (PAN) card
Experience certificates for marine and inland transit insurance
Financial statements (last 2-3 years)
EMD/Security deposit documentation (if applicable)
Technical bid documents demonstrating service capabilities
OEM authorizations or insurer licenses (if applicable)
Certificates as sought in Bid Document/ATC
Key insights about MAHARASHTRA tender market
Bidders should submit GST, PAN, experience certificates, financials, and EMD (if applicable) along with technical bid documents. Ensure an office in Maharashtra, toll-free support, and escalation matrix. Comply with ATC terms and any corrigendum; confirm scope variation rights up to 25% and provide OEM authorizations if required.
Submit GST certificate, PAN, two to three years of financial statements, experience certificates in inland transit insurance, and technical bid documents. Include evidence of a Maharashtra-based service office and dedicated toll-free support. Attach OEM authorizations if applicable and ensure compliance with ATC and corrigendum requirements.
Technical requirements emphasize inland transit and land insurance coverage; no explicit itemized specs are provided. Focus on risk assessment capability, claim handling efficiency, and service responsiveness. Prepare documentation showing past performance in marine transit risk coverage and a robust service network in Maharashtra.
The buyer allows a 25% increase in contract quantity or duration at the time of contract issue, and up to 25% after issue with supplier consent. Ensure bid readiness for potential scope expansion and include pricing flexibility in the bid submission.
The tender data does not disclose an EMD amount. Bidders should monitor the ATC for the exact EMD or security deposit requirements and prepare funds accordingly, ensuring the amount aligns with any supplementary corrigenda or amendments.
Upload all certificates sought in the Bid Document and ATC: GST, PAN, experience certificates for inland transit insurance, financial statements, and any OEM authorizations. Ensure documentary evidence for Maharashtra-based service office and escalation matrix details are provided.
Indian Army
📍 PUNE, MAHARASHTRA
Indian Army
📍 PUNE, MAHARASHTRA
Indian Navy
Aaiclas
📍 KANCHIPURAM, TAMIL NADU
Bureau Of Indian Standards (bis)
📍 CHENNAI, TAMIL NADU
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Main Document
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS