Mineral Exploration And Consultancy Limited Motor Insurance Service Tender Nagpur Maharashtra 4 Wheeler Above 2500 CC 2026
Bid Publish Date
05-Aug-2026, 5:47 pm
Bid End Date
01-Sep-2026, 5:00 pm
Location
Progress
Tender Overview
Mineral Exploration And Consultancy Limited in Nagpur, Maharashtra invites bids for Motor Insurance Service covering 4 Wheeler; Above 2500 CC. The opportunity is positioned within the organization’s procurement landscape, with a focus on service delivery for vehicle insurance, and a provision for contract quantity/duration adjustments up to 25%. The tender includes MSE purchase preference provisions and strict documentation requirements for bid submission, including PAN, GSTIN, and bank-related authorizations. No explicit BOQ items or estimated contract value are disclosed, making the bidding scope reliant on insurer capabilities and coverage terms. The absence of product specifications signals a broad insurance service procurement with emphasis on compliance and service quality.
Technical Specifications & Requirements
- Service category: Motor Insurance Service for 4 Wheeler Above 2500 CC.
- No technical specifications or BOQ items are listed, requiring bidders to rely on standard motor insurance terms and corporate insurance capabilities.
- Key contractual flexibilities include a 25% quantity/duration increase at contract initiation or post-issuance.
- Mandatory eligibility elements include submission of standard corporate certificates and service capabilities; no explicit ISI/ISO standards are stated.
- ATC references require bidders to provide documents such as PAN Card, GSTIN, Cancelled Cheque, and EFT Mandate certified by a bank.
- Purchase preference for Micro and Small Enterprises is provided per MSE Policy, with price-matching provisions for L1+15% within policy margins.
Terms, Conditions & Eligibility
- EMD and exact estimated contract value are not disclosed in the data.
- Purchase preference: MSEs eligible if manufacturer of goods or service provider; price matching available.
- Assignment/sub-contracting require prior written consent; ultimate liability remains with the original seller.
- Mandatory bid documents include PAN, GST, Cancelled Cheque, EFT Mandate; ensure uploads with bid submission.
- At least basic corporate documentation and compliance evidence are required; non-submission leads to rejection as per ATC.
- No dates or delivery milestones are provided; bidders should prepare service-level and risk-management parameters accordingly.
Terms & Conditions
-
Key Term 1: 25% contract quantity/duration variation allowed at issue of contract
-
Key Term 2: MSE purchase preference with price matching against L1+15% within policy
-
Key Term 3: Mandatory documents include PAN, GSTIN, Cancelled Cheque, EFT Mandate
Important Clauses
Payment Terms
Not specified in data; bidders should seek explicit terms during bid clarification and documentation
Delivery Schedule
Not specified in data; bidders should confirm service period expectations and renewal cycles
Penalties/Liquidated Damages
Not specified in data; ensure due-diligence on SLA penalties during negotiation
Bidder Eligibility
-
Must be eligible to claim MSE purchase preference per policy
-
Provide PAN, GSTIN, Cancelled Cheque, EFT Mandate certified by bank
-
Demonstrate capability to provide motor insurance services for high CC vehicles
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
120 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
7 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
Yes
Startup Exemption/Relaxation
Yes
Bid Splitting Applied
No
Requirements
Arbitration Clause
Yes (Arbitration clause document) as per DoE OM No.F.1/2/2024-PPD dated 03.06.2024 Arbitration should not be routinely included in contracts
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
Payment Timelines
Payments shall be made to the Seller within 30 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Delivery Locations
1
Delivery Cities
Nagpur
Delivery Pincodes
440006
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Rahul Bhaurao Hokam | 440006,Mineral Exploration and Consultancy Limited (MECL), Dr. BABASAHEB AMBEDKAR BHAWAN, OPP. CGO COMPLEX, SEMINARY HILLS, NAGPUR | Nagpur | Maharashtra | 440006 | Project / Lumpsum Based | - | Number of vehicles to be insured : 1 Total Sum Insured : 218740 |
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-9707074.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Corrigendum Updates
1 Update Update
Extended Deadline
01-Sep-2026, 11:30 am
Opening Date
01-Sep-2026, 12:00 pm
Categories
3
🤖 AI-Powered Bidder Prediction
Discover companies most likely to bid on this tender
Required Documents
Experience Criteria
Certificate (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 MAHARASHTRA tender market
How to bid for motor insurance service tender in Nagpur Maharashtra 2026?
Bidders must submit PAN, GSTIN, Cancelled Cheque, and EFT Mandate along with standard bid documents. The contract allows a 25% variation in quantity/duration, and MSE purchase preference applies if you are the service provider. Prepare proof of motor insurance capabilities for 4 Wheeler Above 2500 CC and ensure compliance with bid ATC requirements.
What documents are required for motor insurance tender submission in Nagpur?
Submit PAN Card, GSTIN, Cancelled Cheque, and bank-certified EFT Mandate with bid. Also provide organization certificates, service capability details, and any relevant licensing. Upload ATC-compliant documents as specified to avoid rejection and meet MSE policy eligibility where applicable.
What are the eligibility criteria for the Maharashtra motor insurance bid 2026?
Eligibility includes being able to provide motor insurance services for high CC vehicles, possessing PAN and GST registration, and supplying bank-backed EFT Mandate. If you qualify as an MSE, you may access purchase preference and price-matching under the applicable policy framework for services.
What is the impact of the 25% quantity/duration variance clause?
The buyer may adjust contract quantity or duration by up to 25% at contract issue; post-issuance, the adjustment remains capped at 25%. This requires bidder acceptance and may influence pricing, coverage scope, and renewal terms in the final contract.
Which standards or certifications are required for motor insurance bids in Nagpur?
The tender data does not specify motor insurance standards; bidders should emphasize general compliance with Indian insurance regulations, service-level SLAs, and corporate governance norms. Ensure all mandatory documents (PAN, GST, EFT Mandate) are provided; certification details may be clarified during bid opening.
When is the delivery or service start date for the Nagpur insurance tender?
No start date is provided in the tender data. Bidders should await official clarification from the buyer and be prepared to align service initiation with contract award, onboarding, and policy activation timelines once disclosed.
What are the payment terms for motor insurance supply contracts in Maharashtra?
Exact payment terms are not disclosed. Bidders should anticipate standard insurance service payments linked to policy issuance, premium collection, and service delivery milestones, and seek explicit terms during bid clarification to confirm payment timelines and invoicing requirements.
How to ensure MSE purchase preference applicability for this tender?
To obtain MSE preference, bidders must prove manufacturing or service provision status per the MSE policy, upload relevant documentary evidence, and participate as the service provider. If L1 is not an MSE, an eligible MSE may match L1 within 15% margin for contract award.