Bids are Invited For Group Term Insurance Service - Permanent Employees, Contract Employees, As per tender document; Nat in BANGALORE, KARNATAKA
Progress
Indian Telephone Industries Limited (iti) announces a tender for Group Term Insurance Service - Permanent Employees, Contract Employees, As per tender document; Natural death, Accidental death, Suicide, As per tender document in BANGALORE, KARNATAKA. Quantity: 1390. Submission Deadline: 03-03-2025 12: 00: 00. Last date to apply is approaching fast!
Tender Data
Bid Details
Quantity
1390
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
Requirements
Min. Avg. Annual Turnover
300
Experience Required
3 Year (s)
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
Group Term Insurance Service - Permanent Employees, Contract Employees, As per tender document; Natural death, Accidental death, Suicide, As per tender document
Authority Records
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Documents 4
GeM-Bidding-7478362.pdf
Main Document
BOQ Document
BOQ
DOC
OTHER
DOC
OTHER
Corrigendum Updates
2 Updates Update
Extended Deadline
03-Mar-2025, 6:30 am
Opening Date
03-Mar-2025, 7:00 am
Update
Required Documents
Experience Criteria
Bidder Turnover
Additional Doc 1 (Requested in ATC)
Additional Doc 2 (Requested in ATC)
Additional Doc 3 (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 KARNATAKA tender market
What are the eligibility requirements for Group Term Insurance Service - Permanent Employees, Contract Employees?
The eligibility requirements include being a registered entity with experience in insurance services of at least 3 years. Additionally, the bidder must demonstrate a minimum average annual turnover of ₹300 Lakhs. If exemptions are sought for the experience or turnover criteria, supporting documentation must be provided.
What documentation is needed to participate in this tender?
Participants are required to submit several key certificates including the Experience Criteria and Bidder Turnover statements, along with any Additional Documents specified in the tender document. Registration proof and financial statements are also necessary to demonstrate compliance with the tender requirements.
What financial guarantees are required by bidders?
Bidders must provide an Earnest Money Deposit (EMD) as required by the tender guidelines, indicating their commitment to the bidding process. Additionally, information regarding performance security may also be outlined in the main tender document.
What are the methods for submission of tender documents?
Submission of documents must be conducted via the Central Public Procurement Portal (CPPP). Bidders should ensure that all documents are submitted in the accepted formats prior to bid submission deadlines. Adhering to these methods will ensure compliance with evaluation processes.
Are there special provisions for MSEs and startups in this tender?
Yes, the tender includes provisions aimed at Micro, Small, and Medium Enterprises (MSEs) and startups. These provisions facilitate greater participation from smaller companies and encourage innovative solutions in line with government directives, including compliance with 'Make in India' policies for local content and procurement.
This section covers essential information neatly, ensuring potential bidders can quickly reference crucial points regarding eligibility, documentation, and compliance requirements.