Chhattisgarh State Warehousing Corporation Fire Insurance Tender Raipur Chhattisgarh 2026 ISI/ISO compliant
Bid Publish Date
14-Aug-2026, 4:44 pm
Bid End Date
24-Aug-2026, 5:00 pm
Value
₹2,04,57,600
Location
Progress
Key Highlights
- • Brand/OEM requirements not specified; refer to ATC document for any insurer qualifications
- • Technical standards: no explicit IS/ISO standards listed; anticipate general fire insurance policy terms
- • Special clauses: 50% quantity/duration flex clause at issue and 50% post-issue extension
- • Eligibility: no numerical criteria published; bidders should verify ATC for EMD, turnover, and experience
- • Warranty/AMC: not applicable to insurance contracts; review policy terms and claim settlement process
- • Penalties/Performance: not detailed in available data; ATC may specify claim timelines and settlement penalties
- • Delivery/Installation: insurance policy activation timing not specified; ATC will define coverage start date
- • Delivery location: Raipur, Chhattisgarh; CGSWC procurement governs policy issuance and administration
Tender Overview
Organization: Chhattisgarh State Warehousing Corporation (CGSWC), operating from Raipur, Chhattisgarh. Procurement category: Assets Insurance Service focusing on Fire Insurance for storage of food grains, pulses, oilseeds, sugar, salt, cement, HDPE/gunny-bales, oil packets, seeds, cattle-feed and hazardous materials. Estimated contract value: ₹20,457,600.00. Scope: comprehensive fire risk coverage for varied stored commodities and hazardous goods; no BOQ items published. Unique context includes a Buyer-added 50% flex clause on quantity/duration and extension of contract scope with consent for lump-sum service contracts.
Technical Specifications & Requirements
- No formal technical specifications provided in tender data; however, the scope implies standard fire insurance coverage for multi-category stored goods in a warehousing context.
- Anticipated requirements may include policy terms, risk coverage limits aligned to stored item categories, rider coverage for hazardous materials, and compliance with local insurance regulations for government assets.
- Estimated value indicates a mid-sized insurance program; bidder should offer policy terms, claim settlement framework, risk engineering, and disaster recovery support.
- IT/administrative alignment may be required for policy administration, premium payment schedule, and renewal terms, with CGSWC as beneficiary.
- No explicit EMD or eligibility metrics are stated; ATC document referenced for additional terms.
Terms, Conditions & Eligibility
- Option Clause 50%: Buyer may increase/decrease contract quantity or duration up to 50% at contract issue; post-issue, same limit applies for quantity/duration.
- For lumpsum-based services, scope and value may rise by up to 50% with provider consent.
- No explicit EMD amount published; bidders should review ATC for submission specifics.
- No start/end dates or delivery milestones defined in the available data; ATC may specify timelines.
- Tender underscores acceptance of revised scope by bidders and statutory compliance for insurance contracts.
Key Specifications
-
Product/Service: Fire insurance coverage for CGSWC assets in Raipur, including food grains, pulses, oilseeds, sugar, salt, cement, HDPE/gunny-bales, oil packets and hazardous materials
-
Estimated contract value: ₹20,457,600.00
-
Eligibility: Review ATC for minimum experience in government insurance procurement
-
Coverage scope: Multi-category warehousing storage risks, with risk engineering input
-
Delivery/Activation: Policy start aligned to issuance; renewal terms per ATC
Terms & Conditions
-
50% contract quantity/duration flexibility at issue, with continuation rights
-
Lumpsum-based contracts may increase scope by up to 50% with consent
-
ATC contains submission requirements, timelines and eligibility criteria
Important Clauses
Payment Terms
Details to be defined in ATC; apply to premium payments and renewal receipts
Delivery Schedule
Policy activation aligned to contract issuance; renewal cadence per ATC
Penalties/Liquidated Damages
Not specified in available data; ATC will outline settlement timelines and remedies
Bidder Eligibility
-
Experience in government insurance procurement or risk management
-
Financially stable with verifiable statements
-
Authorized insurer/broker recognized by relevant regulatory bodies
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
180 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
RA Qualification Rule
H1-Highest Priced Bid Elimination
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Purchase Preference
No
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
Yes
Item Category
Assets Insurance Service - Fire Insurance, Policy for Food grains, Food Products, Pulses, Oilseeds, Sugar, Salt, Cement, HDPE / Gunny-Bales, Oil Packet & Containers, Sal Seed, Cattle-Feed & all kinds of Hazardous & Extra Hazardous and Other Notified..
Payment Timelines
Payments shall be made to the Seller within 45 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Delivery Locations
1
Delivery Cities
Raipur
Delivery Pincodes
492101
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Shraddha Jitendra Agrawal | 492101,Sector 24, Jhanj Atal Nagar-Nava Raipur | Raipur | Chhattisgarh | 492101 | Project / Lumpsum Based | - | Total Number of Asset to be Insured (Quantity) : 2018419 Total Sum Insured for the Assets : 52140000000 |
Authority Records
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Documents 6
GeM-Bidding-9759344.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
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
4
Required Documents
GST registration certificate
PAN card
Experience certificates in government insurance or risk management
Financial statements for last 3 years
EMD/Security deposit documentation (if required per ATC)
Technical bid documents and policy compliance statements
OEM authorizations or insurer licenses (as applicable)
ATC view/acknowledgement and prior policy copies
Frequently Asked Questions
Key insights about CHHATTISGARH tender market
How to bid for fire insurance tender in Raipur for CGSWC assets?
Bidders should review the ATC for submission requirements, provide GST and PAN, financial statements, experience certificates in government insurance, and any OEM authorizations. The tender targets CGSWC Raipur assets, with policy terms for fire risk across multiple product categories.
What documents are required to participate in the CGSWC fire insurance tender?
Required documents include GST registration, PAN, last 3 years’ financial statements, experience certificates in government insurance procurement, policy compliance statements, and ATC acknowledged documents. Also provide any insurer licenses and prior policy copies to demonstrate eligibility.
What is the estimated value and potential scope of the fire insurance contract?
Estimated contract value is ₹20,457,600.00. Scope includes fire coverage for diverse warehoused goods such as food grains, pulses, cement, and hazardous materials, with possible 50% flex on quantity or duration as per clause.
What are the key terms for quantity/duration adjustments in this tender?
An option clause allows up to 50% increase or decrease in contract quantity or duration at the time of issue, and the same limit applies post-issuance. Lumpsum contracts may also permit a 50% scope rise with consent.
When will policy activation occur for CGSWC assets insurance tender?
Activation timing is aligned to contract issuance per ATC; delivery schedule and renewal terms will be stated in the tender ATC documentation.
Which products/categories are included under the CGSWC fire insurance scope?
Scope covers food grains, pulses, oilseeds, sugar, salt, cement, HDPE/gunny-bales, oil packets, seeds, cattle-feed, and hazardous/excess-hazardous materials as part of warehousing assets.
What standards or compliance are expected for the insurance bid?
No explicit standards are listed in the available data; bidders should reference ATC for any IS/ISO or regulatory compliance requirements and ensure policy terms meet government insurance norms.
What is the location and governing body for this fire insurance tender?
Governing body: Chhattisgarh State Warehousing Corporation (CGSWC), location: Raipur, Chhattisgarh, 492001; procurement governed by CGSWC terms and the Buyer Added ATC.