Certification Engineers International Limited Assets Insurance Service Tender Raigad Maharashtra 2026

Tender Overview

The opportunity is issued by Certification Engineers International Limited for an Assets Insurance Service package covering All Risk Policy, Money Insurance, Fire Insurance, Property Damage Cover, STFI (Storm, Typhoon, Hurricane, Tornado, Flood), Machinery Breakdown (MBD) and related perils, located in RAIGAD, MAHARASHTRA (400001). Tender data indicates no BOQ items and no explicit estimated value or EMD amount publicly disclosed. The buyer introduces an Option Clause 25% to adjust contract quantity or duration at issuance or up to 25% post-issuance, and allows scope expansion for lump-sum services with consent. MSE purchase preference is available, with specific eligibility tied to manufacturer status for goods or service provision. A service escalation matrix and mandatory certificates/experience proofs are required for bid submission. The procurement context appears to focus on risk-transfer and insurance program provisioning for government-related assets or operations in Maharashtra. The lack of technical specs places emphasis on bidder qualifications and post-award flexibility as differentiators.

Technical Specifications & Requirements

• No technical product specifications are published. Available data highlights insurance coverage scope including All Risk, Money Insurance, Fire Insurance, Property Damage, STFI Cover, MBD, and Terrorism (perils list inferred from category).
• Applicable standards or certifications are not enumerated; bidders should anticipate standard insurance policy compliance, claim handling, and risk assessment capabilities.
• Critical bidder controls include an Escalation Matrix for Service Support, and documentation demonstrating past experience via contracts, execution certificates, or client-supported notes.
• The tender foresees MSE purchase preference; bidders must be eligible as manufacturers or service providers depending on bid type and provide documentary evidence.
• The data implies a focus on risk-transfer performance, claim settlement frameworks, and service continuity rather than hardware delivery.

Terms, Conditions & Eligibility

• 25% option clause allows contract quantity or duration adjustment at contract issuance or up to 25% thereafter.
• Bidders must not be under liquidation or similar proceedings; an undertaking must be uploaded.
• An Escalation Matrix with service contact numbers is mandatory.
• Failure to upload required certificates/documents may lead to rejection.
• For past experience, multiple proof formats are acceptable (contract copy with invoices and self-certification, client execution certificate, or third-party notes).
• MSE purchase preference applies if bidder is an eligible manufacturer/service provider; documentation must prove eligibility.