Government Tender Published for Motor Insurance Service - 4 Wheeler; Above 2500 CC in BETUL, MADHYA PRADESH
Bid Publish Date
18-Dec-2024, 1:49 pm
Bid End Date
17-Feb-2025, 9:00 am
Value
₹2,50,000
Location
Progress
A tender has been published for N/a Motor Insurance Service - 4 Wheeler; Above 2500 CC in BETUL, MADHYA PRADESH. Quantity: 11 by. Submission Deadline: 17-02-2025 09: 00: 00. Check eligibility and apply.
Tender Data
Bid Details
Quantity
11
Bid Type
Two Packet Bid
Bid Validity
45 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Requirements
Min. Avg. Annual Turnover
10
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
No
Item Category
Motor Insurance Service - 4 Wheeler; Above 2500 CC
Authority Records
BID & GeM Expert Consultancy
End-to-end support — bid preparation, GeM registration, document filing & compliance by industry experts.
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Documents 3
GeM-Bidding-7266702.pdf
Main Document
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
1 Update Update
Extended Deadline
17-Feb-2025, 3:30 am
Opening Date
17-Feb-2025, 4:00 am
Required Documents
Experience Criteria
Bidder Turnover
Certificate (Requested in ATC)
OEM Authorization Certificate
OEM Annual 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 MADHYA PRADESH tender market
FAQs
Details are provided in the tender document.
1. What are the eligibility requirements for participating in the Motor Insurance Service tender?
Bidders must have a minimum average annual turnover of 10 Lakh over the last three years and a minimum of 3 years' experience in providing similar services to any Central or State Government organization or public sector unit.
2. What documents are required for the tender submission?
Bidders must provide documentation including experience criteria, turnover certifications, OEM authorization, and statements of OEM annual turnover. All required documents must be uploaded electronically via the GeM portal.
- Is there a requirement for an Earnest Money Deposit (EMD) in this tender?
No, this tender does not require an Earnest Money Deposit (EMD) or Performance Bank Guarantee (PBG) for participation.
4. What are the technical specifications for the vehicles eligible for insurance under this tender?
The tender specifically seeks coverage for 4-wheel vehicles with an engine capacity greater than 2500 CC, requiring Own Damage and Third Party Cover.
5. What are the payment terms for the tender?
Payment terms will be as stipulated in the contract, and there are specific evaluation criteria focusing on the total value of bids submitted.
6. How will bids be evaluated in this tender?
Evaluation will be based on a total value-wise evaluation method where bidders’ documentation proving experience and turnover will be assessed against the tender requirements.
7. What is the deadline for bid submission for the Motor Insurance Service?
Bids must be submitted by January 8, 2025, at 14:00 hours.
8. Can MSEs benefit from this tender?
Currently, there are no exemptions provided for Micro, Small, and Medium Enterprises (MSEs) regarding years of experience or turnover requirements within this tender.
9. Are there any special provisions for startups in this tender?
No, startups do not receive any special exemptions regarding experience or turnover requirements in this tender process.
10. What are the bidding methods allowed for this tender?
The tender follows a two-packet bid system, requiring submission of both technical and financial proposals separately.
11. Where should the insurance coverage be applied for the vehicles?
Coverage will be applied to vehicles stationed at the office of the Deputy Director, Veterinary Services, Betul, Madhya Pradesh.
12. What are the penalties for not complying with submission regulations?
Bidders failing to comply with submission regulations may face disqualification or rejection of their bids, and any non-compliance may result in termination of the contract.
13. What is the contract duration for the successful bid?
The contract awarded under this tender will be effective for a duration of 1 year.
14. Are there testing criteria mentioned for the insurance services being offered?
While there aren't specific testing criteria, compliance with stated quality standards and documentation of past experience are essential for qualifying.
15. What are the benefits of complying with 'Make in India' policies?
Compliance with 'Make in India' policies boosts local manufacturing and promotes Indian suppliers, although there are currently no explicit benefits listed for this tender's compensation.