Contract Bidding Open For Motor Insurance Service - 4 Wheeler; 1001 to 1500 CC in BANGALORE, KARNATAKA
Progress
Public procurement opportunity for Indian Statistical Institute Motor Insurance Service - 4 Wheeler; 1001 to 1500 CC in BANGALORE, KARNATAKA. Quantity: 1 issued by. Submission Deadline: 08-04-2025 12: 00: 00. View full details and respond.
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | OPTIMUM INSURANCE BROKING SERVICES PRIVATE LIMITED( MSE Social Category:General ) Under PMA | Item Categories : Motor Insurance Service - 4 Wheeler; 1001 to 1500 CC |
Tender Data
Bid Details
Quantity
1
Bid Type
Single Packet Bid
Bid Validity
45 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Requirements
Experience Required
1 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; 1001 to 1500 CC
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 6
GeM-Bidding-7674403.pdf
Main Document
BOQ Document
BOQ
Scope Of Work Document
SCOPE_OF_WORK
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
1 Update Update
Extended Deadline
08-Apr-2025, 6:30 am
Opening Date
08-Apr-2025, 7:00 am
Required Documents
Experience Criteria
Bidder Turnover
Additional Doc 1 (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 this motor insurance tender?
The eligibility requirements include being a registered entity, possessing relevant industry licenses, and having demonstrable experience in providing similar insurance services. Bidders must comply with governmental regulations concerning insurance service provision.
What technical specifications must bidders meet?
Bidders must provide a comprehensive policy covering all necessary aspects of motor insurance. Technical specifications include offering support services, ensuring policy accessibility, and complying with applicable industry standards.
What are the payment terms and Earnest Money Deposit (EMD) details?
Successful bidders must adhere to the payment terms outlined in the tender documents. The EMD is a specified amount that must be submitted with the bid to secure the offer and demonstrate financial commitment.
How should bids be submitted and what are the document formats required?
Bids must be submitted electronically through the GEM portal. It’s essential for bidders to adhere strictly to the accepted document formats outlined in the tender specifications to ensure compliance.
Are there benefits for Micro, Small, and Medium Enterprises (MSEs)?
Yes, the tender provides special provisions for MSEs and startups, ensuring they are supported through incentives, simplified processes, and participation in the tender, thereby complying with ‘Make in India’ policies and local content requirements.