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Bids are Invited For Assets Insurance Service - Floater Declaratory Basis; Theft/Burglary Cover; Optional in RAIPUR, CHHATTISGARH

Bid Publish Date

25-Apr-2025, 6:34 pm

Bid End Date

26-May-2025, 4:00 pm

Progress

RA
Issue25-Apr-2025, 6:34 pm
Reverse Auction31-May-2025, 3:00 pm
Award13-Jun-2025, 1:54 am
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Quantity

1

Bid Type

Two Packet Bid

Categories 1

Chhattishgarh State Warehousing Corporation (cgswc) has released a public tender for Assets Insurance Service - Floater Declaratory Basis; Theft/Burglary Cover; Optional in RAIPUR, CHHATTISGARH. Quantity: 1. Submission Deadline: 26-05-2025 16: 00: 00. Download documents and apply online.

Additional Tender Data

Commercial Details

Tender Category

Service

Bid To RA

No

Bid To RA Enabled

Yes

Item Category

Assets Insurance Service - Floater Declaratory Basis; Theft/Burglary Cover; Optional

Authority Records

FOOD, CIVIL SUPPLIES AND CONSUMER PROTECTION DEPARTMENTSTATE WAREHOUSING CORPORATION

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Documents 5

GeM-Bidding-7776001.pdf

Main Document

Other Documents

OTHER

Other Documents

OTHER

Buyer uploaded ATC document

ATC

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

Required Documents

1

Certificate (Requested in ATC)

2

Additional Doc 1 (Requested in ATC)

3

Additional Doc 2 (Requested in ATC)

4

Additional Doc 3 (Requested in ATC)

5

Additional Doc 4 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria

6

the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer

Corrigendum Updates

1 Update
#1

Update

13-May-2025

Reverse Auction Schedule

Completed

Start

31-May-2025, 3:00 pm

End

02-Jun-2025, 3:00 pm

Duration: 48 hours

Reverse Auction Document

✅ RA concluded. Check financial results for final rankings.

Technical Results

S.No Seller Date Status
1
IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED   Under PMA
26-05-2025 14:53:12
2
NATIONAL INSURANCE COMPANY LIMITED   Under PMA
26-05-2025 15:48:32
3
THE NEW INDIA ASSURANCE COMPANY LIMITED   Under PMA
26-05-2025 15:30:33

Financial Results

Rank Seller Price Item
L1
THE NEW INDIA ASSURANCE COMPANY LIMITED   Under PMA
Item Categories : Assets Insurance Service - Floater Declaratory Basis; Theft/Burglary Cover; Optional
L2
NATIONAL INSURANCE COMPANY LIMITED   Under PMA
Item Categories : Assets Insurance Service - Floater Declaratory Basis; Theft/Burglary Cover; Optional
L3
IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED   Under PMA
Item Categories : Assets Insurance Service - Floater Declaratory Basis; Theft/Burglary Cover; Optional

Contract / Result Documents 1

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Frequently Asked Questions

Key insights about CHHATTISGARH tender market

What are the eligibility requirements for the Assets Insurance Service tender?

The eligibility requirements include being a registered entity, possessing experience in the insurance sector with a focus on asset protection, especially against theft and burglary coverages. Additionally, bidders must comply with local insurance regulations and demonstrate financial capability through recent financial statements.

What certificates are required for this tender?

Bidders are required to present specific certificates, which include a valid license to operate as an insurance service provider in compliance with local laws. Authentication of financial statements and past experience in dealing with asset insurance should also be certified and provided.

How do I register for the Assets Insurance Service tender?

To register for participation in this tender, interested bidders should follow the registration process outlined on the official website of the issuing authority. They must ensure that all submissions comply with the prescribed formats and guidelines as specified in the tender documentation.

What formats are accepted for document submissions?

All necessary documents for the tender must be submitted in specific accepted document formats, primarily PDF or Word formats. Bidders should ensure that the documents are easily readable and organized sequentially, as per the submission guidelines.

What is the performance security requirement for this tender?

The performance security requirements mandate that bidders provide a specified percentage of the total bid amount as a performance guarantee to ensure compliance with contract terms. This is an essential factor in ensuring that service commitments are met throughout the contract duration.