Mineral Exploration And Consultancy Limited Assets Insurance Service Tender Nagpur Maharashtra 2026 All Risk Policy

Tender Overview

The tender is issued by Mineral Exploration And Consultancy Limited for an Assets Insurance Service – All Risk Policy in Nagpur, Maharashtra. The scope follows the purchase terms and may include scope variation up to 25% at contract issue. No BOQ items are listed, and the typical focus is on insurance coverage for assets with standard procurement governance. The tender emphasizes supplier eligibility and MSE purchase preference, with ATC clauses around assignment, sub-contracting, and performance liability. The opportunity targets service providers capable of delivering comprehensive insurance services under government procurement norms in Maharashtra.

Technical Specifications & Requirements

• Service category: All Risk Insurance coverage for organizational assets under scope of work.
• Location: Nagpur, Maharashtra (440001).
• Contract flexibility: 25% variation in quantity or duration at contract issue and post-issuance; lump-sum scope may allow up to 25% value increase with service provider consent.
• Documentation emphasis: Mandatory uploads of PAN, GSTIN, cancelled cheque, and EFT mandate; OEM/service provider authorizations may be required by ATC.
• Special terms: MSE purchase preference applicable; bidders must be service providers if bidding for services; no BOQ items provided.
• Compliance: Ensure alignment with generic ATC terms and Centre purchase preferences; confidentiality and assignment/sub-contracting restrictions apply.

Terms, Conditions & Eligibility

• EMD details: Not disclosed in the available information; bidders should expect standard EMD practices per GEM portal.
• Assignment/Sub-contracting: Cannot assign or sub-contract without prior written consent from buyer; joint liability remains with the original supplier.
• Purchase preference: MSEs eligible if manufacturer of goods or service provider; within L-1 + 15% price band for matching bids.
• Documents to submit: PAN, GSTIN, cancelled cheque, EFT mandate; ensure submission alongside bid; certificates and ATCs as applicable.
• General compliance: Non-submission of required certificates may lead to bid rejection; adhere to ATC terms and scope of work.