Gail Mangalore Petrochemicals Limited Assets Insurance Mega Risk Tender Dakshina Kannada Karnataka 2026
Bid Publish Date
31-Mar-2026, 5:35 pm
Bid End Date
08-May-2026, 3:00 pm
Location
Progress
Quantity
5
Bid Type
Two Packet Bid
Key Highlights
- • Insurance coverage type: Mega Risk Insurance with optional add-ons (Public Liability, Directors & Officers Liability, Terrorism) and Marine & Transit Insurance
- • Billing: Lump-sum charges for one-year policy term based on sum insured values in SCC/SOW
- • Flexibility: Quantity or duration may be increased up to 25% at contract issue and post-issuance
- • GST treatment: Quotes required exclusive of GST for SEZ/zero-rated scenarios
- • Mandatory submissions: Sign-off on SOW and SCC; adherence to ATC and tender forms
- • Location-specific procurement: Dakshina Kannada, Karnataka; no BOQ items listed
Categories
3
Tender Overview
Gail Mangalore Petrochemicals Limited seeks a comprehensive Assets Insurance Service package for one year, covering Mega Risk Insurance, optional Statutory Public Liability Insurance, optional Directors & Officers Liability, Marine & Transit Insurance, and optional Terrorism Insurance. The procurement location is Dakshina Kannada, Karnataka. The contract contemplates lump-sum charges based on sum insured values indicated in SCC and SOW. The tender allows a flexible quantity/duration adjustment up to 25% at contract issue and post-issuance, with mandatory submission of SOW and SCC. Pricing must be quoted excluding GST for SEZ considerations where applicable. The absence of BOQ items indicates a policy-based, per-scope purchase rather than a fixed unit quantity. This structure emphasizes risk coverage across multiple insurance lines under a single procurement umbrella.
Technical Specifications & Requirements
- Insurance lines: Mega Risk Insurance (one-year), Public Liability Insurance (optional), Directors & Officers Liability (optional), Marine & Transit Insurance (one-year), Terrorism Insurance (optional).
- Pricing: Lumpsum charges based on sum insured values in SCC/SOW; quotes must be GST-exclusive.
- Compliance/Docs: Submit signed and stamped copies of SOW and SCC; refer to tender document for forms and formats; supplier must consider SEZ/nil-GST treatment where applicable.
- Misc: No BoQ items; ATC requires adherence to attached tender documents and relationship to SCC/SOW terms.
Terms, Conditions & Eligibility
- 25% quantity/duration flexibility allowed at contract issue; post-issuance, same cap applies.
- Bidders must review and submit the tender forms and formats referenced in the ATC/Tender document, including SOW & SCC acceptance.
- Prices must be quoted excluding GST when required for SEZ or zero-rated supply considerations.
- Ensure compliance with attached ATC and bidder evaluation criteria as described in the tender documents; MS Word/PDF formats may be specified.
Key Specifications
-
Mega Risk Insurance: 1-year policy coverage
-
Public Liability Insurance: optional
-
Directors & Officers Liability: optional
-
Marine & Transit Insurance: 1-year policy
-
Terrorism Insurance: optional standalone policy
-
Sum insured values: as indicated in SCC and SOW
-
Pricing basis: lump-sum charges, GST-excluded
-
Delivery/installation: not applicable; policy issuance scope only
-
Compliance documents: SOW & SCC mandatory
Terms & Conditions
-
Quantity/duration adjustment allowed up to 25% at contract issue and post-issuance
-
GST-excluded pricing required for SEZ/zero-rated considerations
-
Submit SOW and SCC with signed stamp; follow ATC procedures
Important Clauses
Payment Terms
GST-excluded lump-sum pricing; payment terms to be defined in SCC/Tender; ATC requires adherence to SEZ considerations
Delivery Schedule
Policy issuance within one year from contract award date; no physical delivery schedule as this is insurance coverage
Penalties/Liquidated Damages
Penalties or LD terms, if any, will be specified in SCC; ensure compliance with contract duration adjustments up to 25%
Bidder Eligibility
-
Must review and accept SOW & SCC as part of tender submission
-
GST registration and tax compliance documentation as applicable
-
Ability to provide multiple insurance lines under a single procurement
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Assets Insurance Service - Mega Risk Insurance, Lumpsum charges for Mega Insurance Policy for one year for sum insured value indicated at SCC and SOW; as per SCC and SOW; Optional , Assets Insurance Service - Lumpsum charges for Statutory Public Liability Insurance Policy for one year for sum insured value indicated at SCC and SOW; as per SCC and SOW; Optional , Liability Insurance Service - Director and Officer liability coverage, Lumpsum charges for Directors and Officers Liability Policy for one year for sum insured value indicated at SCC and SOW , Marine and Transit Insurance Service - Lumpsum charges for Marine Transit Insurance Policy for one year for sum insured value indicated at SCC and SOW; Land, Sea, Air , Assets Insurance Service - Terrorism Insurance, Lumpsum charges for Standalone Terrorism Policy for one year for sum insured value indicated at SCC and SOW; as per SCC and SOW; Optional
Authority Records
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Documents 6
GeM-Bidding-9179523.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
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Required Documents
Submission of SOW (Scope of Work) documents
Submission of SCC (Special Conditions of Contract)
Signed and stamped copies of all tender forms/formats referenced in ATC
GST registration certificate (where applicable for tender participation)
PAN card and proof of company incorporation
Any OEM authorizations or certifications if required by the SCC/SOW
SEZ/zero-rated supply documentation if claiming non-GST treatment
ATC-compliant price bid excluding GST
Corrigendum Updates
5 Updates Update
Extended Deadline
08-May-2026, 3:00 pm
Opening Date
08-May-2026, 3:30 pm
Update
Update
Extended Deadline
04-May-2026, 3:00 pm
Opening Date
04-May-2026, 3:30 pm
Update
Update
Extended Deadline
29-Apr-2026, 3:00 pm
Opening Date
29-Apr-2026, 3:30 pm
Frequently Asked Questions
Key insights about KARNATAKA tender market
How to bid on the assets insurance tender in Dakshina Kannada?
Bidders must review the tender documents, submit SOW and SCC, provide GST-exclusive quotes for lump-sum annual insurance charges, and adhere to the 25% quantity/duration flexibility. Include required GST/PAN/GST certificates and any OEM authorizations as specified in the ATC.
What documents are required for the Gail Mangalore insurance tender?
Submit SOW and SCC signed and stamped, ATC-compliant price bid excluding GST, GST registration, PAN, company incorporation proofs, and any OEM authorizations. Include SEZ/zero-rated supply documentation if applicable per tender terms.
What insurance lines are included in the mega risk tender?
The scope includes Mega Risk Insurance for one year, with optional Public Liability Insurance, Directors & Officers Liability, and Terrorism Insurance; Marine & Transit Insurance is also included for one year. Sum insured values are defined in the SCC/SOW.
How does the 25% quantity adjustment work in this tender?
The buyer can increase or decrease contract quantity or duration by up to 25% at contract issue; after issuance, the same 25% cap applies for any revisions, and bidders must accept revised quantities or durations as defined.
What is the pricing basis for the insurance bids in this procurement?
Prices must be quoted as lumpsum charges for each insurance line, based on the sum insured values in SCC/SOW, with quotes provided excluding GST; SEZ considerations may require GST-excluded treatment.
What standards or certifications are required for this insurance tender?
The tender requires adherence to the SCC/SOW terms and submission of required compliance documents; specific insurance standards or certifications may be invoked in the SCC, and OEM authorizations should be provided if mandated.
When is the delivery/issuance of insurance policies under this tender?
As an insurance procurement, the deliverable is the issuance of insurance policies for a one-year term; the exact effective date aligns with contract award and term begins from the policy activation date defined in SCC.
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Documents 6
GeM-Bidding-9179523.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS