Airports Authority Of India Motor Insurance Tender Gaya Bihar 4 Wheeler Above 2500 CC 2026

Bidders should submit GST registration, PAN, and financial statements along with motor insurer licenses. Provide evidence of experience in insuring vehicles above 2500 CC and comply with AAI procurement terms. The 25% adjustment clause must be considered during contract negotiation and post-award changes.

Required documents include GST certificate, PAN, insurer registration, prior motor insurance experience certificates, financial statements, bid security as per annual procurement norms, technical bid, and any OEM/Carrier authorizations relevant to vehicle insurance.

Eligibility demands a licensed motor insurer with demonstrated capacity to insure high-displacement vehicles, financial stability, and prior experience in similar policies. Ensure compliance with local regulatory requirements and AAI tender terms, including potential 25% scope adjustments.

Policy issuance occurs upon contract award; renewal terms follow the policy schedule. Timelines for endorsements or endorsements-related amendments should be clarified in the final contract, with adherence to AAI procurement SOPs.

Tender data does not specify standards; bidders should ensure regulatory motor insurance compliance, valid insurance licenses, and any AAI-specific policy requirements documented in the final contract.

The buyer may increase or decrease contract quantity or duration up to 25% at the time of issue; post-issuance, adjustments remain capped at 25%. Bidders must acknowledge and adapt pricing and coverage accordingly.

Exact payment terms are not specified in the data; bidders should anticipate standard policy premium invoicing upon issuance and renewal payments per the contract, aligning with AAI financial procedures.

Submit experience certificates showing coverage of vehicles above 2500 CC, policy issuance records, client references, and any audit or compliance reports demonstrating underwriting capability relevant to high-displacement vehicles.