Bids are Invited For Liability Insurance Service - Professional Liability Insurance and Third Party Insurance in THANE, MAHARASHTRA
Bid Publish Date
05-May-2025, 1:16 pm
Bid End Date
10-Jun-2025, 9:00 am
Location
Progress
Wapcos Limited invites bids for Liability Insurance Service - Professional Liability Insurance and Third Party Insurance in THANE, MAHARASHTRA. Quantity: 1. Submission Deadline: 10-06-2025 09: 00: 00. Submit your proposal before the deadline.
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
120 (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
Liability Insurance Service - Professional Liability Insurance and Third Party Insurance
Authority Records
BID & GeM Expert Consultancy
End-to-end support — bid preparation, GeM registration, document filing & compliance by industry experts.
Free consultation · 24h response
Documents 3
GeM-Bidding-7805626.pdf
Main Document
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
1 Update Update
Extended Deadline
10-Jun-2025, 3:30 am
Opening Date
10-Jun-2025, 4:00 am
Required Documents
Experience Criteria
Bidder Turnover *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 MAHARASHTRA tender market
What are the eligibility requirements for GEM/2025/B/6199582?
The eligibility requirements include being a registered entity within the insurance sector, demonstrating experience in providing liability insurance services, and possessing the necessary legal and financial standing to fulfill the obligations outlined in the bid. It is essential that all potential bidders provide verified documentation to confirm these prerequisites within their submissions.
What technical specifications must be met in bids for Liability Insurance Services?
Bids must adhere to the stated technical specifications which include comprehensive coverage options for both Professional Liability and Third Party Insurance. The proposals should detail the terms of the coverage, highlight compliance with legal regulations, and ensure resilience against various risk conditions endemic to the operational landscape.
What are the details regarding the Earnest Money Deposit (EMD)?
The Earnest Money Deposit is a pre-requisite for participating in the tender process showcasing the bidder's commitment. Each vendor must submit EMD as stipulated, which will be refunded post-evaluation, provided that all conditions are met. It serves as a security measure against frivolous bids.
How should submissions be made for the tender?
Submissions must be conducted via the official online platform or as per the guidelines provided in the tender notice. Proposals should include all required documents in the accepted formats to ensure they proceed through the evaluation and selection process without hindrance.
Are there any benefits available for Micro, Small, and Medium Enterprises (MSEs) in this tender?
Yes, the tender includes specific provisions for MSEs aimed at fostering local enterprise participation. This initiative encourages capable local businesses to compete for public contracts, potentially easing some financial or procedural barriers that might ordinarily restrict engagement.