Custom Bid for Services - Aviation Insurance Policy
Ai Engineering Services Limited
MUMBAI, MAHARASHTRA
Posted:
4 April 2025
Closed:
25 April 2025
GEM
GEM
Security Printing And Minting Corporation Of India Limited Transit Insurance for EAL Consignments Tender 2026 Rajasthan
Progress
Issue28-Jun-2026, 10:08 am
AwardPending
Quantity
1
Similar Category
Marine and Transit Insurance Service
Bid Type
Two Packet Bid
Categories
2
Tender Overview
Organization: Security Printing And Minting Corporation Of India Limited (SPMCIL) under the Department Of Economic Affairs. Product/Service: Transit insurance for EAL consignments. Estimated Value: Not disclosed; EMD: ₹29,000. Location: India (consignee state requirement implied by service office clause). Scope/Category: Insurance service for movement of EAL consignments; contract can be adjusted by up to 25% in quantity or duration. Unique aspect includes bidder must have an office in the consignor/consignee state and multiple EMD payment options. This tender emphasizes flexible scope and delivery terms via an ATC clause.
Technical Specifications & Requirements
- No formal product specs available; focus is on transit insurance service for EAL consignments.
- EMD options: Online RTGS/INB transfer to Security Printing Press Hyderabad collection account; DD, FDR, or Banker’s Cheque accepted with proof uploaded.
- Payment terms: Online transfer option with transaction proof; ensure hardcopy EMD delivery within 5 days of bid end/opening date.
- Service availability: Office of service provider must be located in the state of the consignee (documentary evidence required).
- ATC clause: Purchaser can increase quantity/duration by up to 25% even after contract issuance; lumpsum scope may expand with service provider consent.
Terms & Eligibility
- EMD/Performance bonds: Multiple permissible forms (DD, fixed deposit receipt, bank guarantee, online payment). Upload proof with bid and deliver hardcopy within 5 days.
- Delivery/availability: Service provider’s local office in consignee state; documentary evidence required.
- Payment terms: Details emphasize online payment options; bidder must include transaction receipts with bid.
- Clause integration: Option Clause permits +25% increase in quantity/duration; applies to final delivery period.
- Miscellaneous: Avoid delivery beyond last date; follow ATC and ensure compliance with tender rules.
Key Specifications
-
Transit insurance service for EAL consignments
-
EMD amount: ₹29,000
-
EMD payment options: DD, FDR, BC, online RTGS/NEFT
-
Office of service provider: required in consignor/consignee state
-
Option Clause: +25% quantity/duration
Terms & Conditions
-
+25% contract quantity/duration option
-
EMD to be submitted via multiple permitted modes
-
Service provider must have local office in consignee state
-
Online/offline payment with proof submission
-
Hardcopy EMD delivery within 5 days
Important Clauses
Payment Terms
EMD and subsequent payments to be routed via DD, FDR, BC or online transfer to Security Printing Press Hyderabad; bid must include scanned proof and hardcopy delivery within 5 days.
Delivery Schedule
No fixed delivery dates provided; ATC allows up to 25% increase in quantity/duration until final delivery date.
Penalties/Liquidated Damages
Penalty terms not explicitly stated; ATC implies adherence to delivery timeline and contract extensions may be exercised.
Bidder Eligibility
-
Bidder must have an office in the consignee state
-
Demonstrated experience in transit insurance or related services
-
Financial capability to handle contract value (verification via financial statements)
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
Yes
Item Category
Custom Bid for Services - Transit Insurance for EAL Consignments
Advisory Bank
Indusind bank
ePBG Percentage
5%
ePBG Duration (Months)
14
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
Security Printing Press
Delivery Pincodes
500063
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Sidda Tarun Kumar | 500063,Security Printing Press(SPP) Mint Compound, Saifabad Hyderabad , Telangana | Security Printing Press | - | 500063 | Project / Lumpsum Based | - | - |
Authority Records
MINISTRY OF FINANCEECONOMIC AFFAIRS DEPARTMENT
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Documents 8
GeM-Bidding-9494067.pdf
Main Document
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GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
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Required Documents
1
GST certificate
2
PAN card
3
Experience certificates (in transit insurance or equivalent)
4
Financial statements or turnover proof
5
EMD document (DD/FDR/BC/online transfer proof)
6
Technical bid documents demonstrating capability for transit insurance
7
OEM authorizations or insurer appointment letters (if applicable)
8
Proof of service office in consignee state
Frequently Asked Questions
Key insights about TELANGANA tender market
How to bid for transit insurance tender in India with SPMCI L?
Bidders must submit GST, PAN, experience certificates, financial statements, and ₹29,000 EMD via DD, FDR, BC, or online RTGS. Upload scanned proofs and deliver hard copies within 5 days. Ensure local office in consignee state and comply with the 25% scope variation clause.
What documents are required for transit insurance bid in India 2026?
Required documents include GST registration, PAN, experience certificates for similar insurance work, financial statements, EMD proof (DD/FDR/BC/online), technical bid detailing capability, and an insurer/agent authorization if applicable. Also provide proof of a local office in the consignee state.
What are the EMD payment options for this insurance tender?
EMD can be paid via Account Payee Demand Draft to Security Printing Press, Hyderabad; or through Fixed Deposit Receipt, Banker’s Cheque, or online RTGS/NEFT to the specified collection account. Upload scanned proof and send hardcopy within 5 days of bid end/opening.
What is the scope variation allowed in this tender?
The purchaser reserves the right to increase the contract quantity or duration by up to 25% at any time up to the final delivery date. This applies to both quantity and overall contract scope, with consent from the service provider for lump-sum values.
What is required regarding a local service office for this bid?
Bidders must demonstrate an office in the state of the consignee; documentary evidence is required. This ensures local service support for transit insurance of EAL consignments and compliance with site-specific requirements.
What are the payment terms after contract award for transit insurance?
Payment terms emphasize the use of online transfer with transaction details; bidders must provide evidence of the transfer and corresponding invoices. Specific post-award payment timelines are not detailed, so bidders should prepare for standard Indian government procurement payment cycles.
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Documents 8
GeM-Bidding-9494067.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS