Bid Publish Date
10-Feb-2025, 7:45 pm
Bid End Date
03-Mar-2025, 5:00 pm
Value
₹25,00,000
Location
Progress
RAQuantity
1
Bid Type
Two Packet Bid
Andhra Pragathi Grameena Bank announces a tender for Custom Bid for Services - Bankers Indemnity Policy in CUDDAPAH, ANDHRA PRADESH. Quantity: 1. Submission Deadline: 03-03-2025 17: 00: 00. Last date to apply is approaching fast!
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
Yes
Item Category
Custom Bid for Services - Bankers Indemnity Policy
End-to-end support — bid preparation, GeM registration, document filing & compliance by industry experts.
Free consultation · 24h response
Main Document
SCOPE_OF_WORK
PAYMENT
OTHER
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS
Experience Criteria
Bidder Turnover
Certificate (Requested in ATC)
OEM Annual Turnover *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
Start
14-Mar-2025, 2:00 pm
End
15-Mar-2025, 5:52 pm
Duration: 28 hours
Reverse Auction Document
✅ RA concluded. Check financial results for final rankings.
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | BAJAJ GENERAL INSURANCE LIMITED Under PMA | 03-03-2025 15:23:50 | |
| 2 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | 03-03-2025 16:41:42 | |
| 3 | THE NEW INDIA ASSURANCE COMPANY LIMITED Under PMA | 03-03-2025 12:47:17 | |
| 4 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | 03-03-2025 16:16:23 | |
| 5 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA | 28-02-2025 15:34:32 |
These are the final prices after the reverse auction event. Prices may be lower than initial bids.
| Rank | Seller | Final Price | Item |
|---|---|---|---|
| L1 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA Winner | ₹19,66,102 | Item Categories : Custom Bid for Services - Bankers Indemnity Policy |
| L2 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | ₹19,71,998 | Item Categories : Custom Bid for Services - Bankers Indemnity Policy |
| L3 | THE NEW INDIA ASSURANCE COMPANY LIMITED Under PMA | ₹40,00,000 | Item Categories : Custom Bid for Services - Bankers Indemnity Policy |
🎉 L1 Winner
UNITED INDIA INSURANCE COMPANY LIMITED Under PMA
Final Price: ₹19,66,102
Key insights about ANDHRA PRADESH tender market
The eligibility requirements encompass a series of criteria that prospective bidders must satisfy. These include being a registered entity with a valid operating license for insurance services. Bidders are also required to present documented proof demonstrating compliance with specific experience criteria and minimum annual turnover as mandated in the tender. Moreover, MSEs may qualify for exemptions and should provide supporting documents to facilitate their eligibility evaluation.
Bidders must include several required certificates in their submissions, notably certificates confirming compliance with the eligibility criteria, financial capabilities, and any other documentation referenced in the Request for Quotation. The list of required certificates is detailed in the linked documentation and is crucial for ensuring bids are considered valid during the evaluation phase.
The registration process to participate in the tender involves several pivotal steps. Bidders must first ensure they are registered with the appropriate authorities, following which they must fill out and submit the official bid forms along with the required documentation, as clearly outlined in the tender documents. Entities seeking special exemptions must adhere to additional stipulations in terms of documentation and proof of eligibility.
The accepted document formats for submissions pertaining to this tender include standard PDF files. Bidders are encouraged to ensure all documents are neatly formatted and organized to facilitate ease of review during the evaluation process. All linked documents provided with the tender will detail format specifications further.
The performance security requirements for the tender stipulate that the successful bidder must provide a performance security bond to ensure compliance with the terms of the contract awarded. This bond acts as a financial guarantee of the bidder's commitment to deliver quality service. Details regarding the amount and conditions associated with the bond will be provided in the tender documentation.
Sign up now to access all documents
Main Document
SCOPE_OF_WORK
PAYMENT
OTHER
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS