Liability Insurance Service - Indemnity insurance
Punjab And Sind Bank
WEST DELHI, DELHI
Progress
Quantity
1
Bid Type
Two Packet Bid
The Indian Council Of Medical Research (ICMR) invites bids for Liability Insurance Service – Indemnity insurance to cover ICMR–Rajendra Memorial Research Institute of Medical Sciences in Patna, Bihar. Estimated contract value is ₹100,000. Bidder must demonstrate government or PSU supply experience and provide relevant order references. MSME/NSIC registration may qualify for EMD exemptions. The scope includes a clinical trials insurance policy proposal for institute projects, with urgent evaluation given the medical research context. A key differentiator is the inclusion of a flexible contract quantity/duration option up to 50% and the need to align with clinical trial risk profiles. The tender emphasizes official documentation and ATC terms from the buyer.
Insurance type: liability/indemnity insurance for clinical trials
Estimated contract value: ₹100,000
Delivery location: ICMR–Rajendra Memorial Research Institute of Medical Sciences, Patna
Experience requirement: Govt/PSU/private sector supply orders
Flexibility: 50% up/down quantity or duration
Documentation: GST, PAN, experience certificates, financials, OEM authorizations
Key Term 1: 50% quantity/duration adjustment allowed at contract issue
Key Term 2: MSME/NSIC exemption possible with certificate
Key Term 3: Prior govt/PSU/private sector supply experience required
Details not specified; bidder should anticipate standard govt payment terms after deliverables and policy acceptance
Delivery of insurance coverage terms will be defined in contract; current data lacks explicit dates
No explicit LD details provided; penalties to be in line with government insurance procurement norms
Experience supplying liability/indemnity insurance to Govt/PSU or reputable private entities
Registered with GST and provide PAN; audited financial statements
MSME/NSIC exemption eligibility supported by valid certificate (if seeking EMD concession)
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Liability Insurance Service - Indemnity insurance
Delivery Locations
1
Delivery Cities
Patna
Delivery Pincodes
800007
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Abhishek Kumar | 800007,Rajendra Memorial Research Institute of Medical Sciences, Agamkuan | Patna | Bihar | 800007 | Project / Lumpsum Based | - | Total Sum Insured : 10000000 |
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Main Document
OTHER
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM_GENERAL_TERMS_AND_CONDITIONS
Punjab And Sind Bank
WEST DELHI, DELHI
Rites Limited
LUCKNOW, UTTAR PRADESH
Rites Limited
THANE, MAHARASHTRA
Rites Limited
GURGAON, HARYANA
Certification Engineers International Limited
RAIGAD, MAHARASHTRA
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GST registration certificate
PAN card
Experience certificates for supplying to Govt/PSU/private organizations with PO references
Financial statements or turnover proof
EMD submission proof or MSME/NSIC exemption certificate (if applicable)
Technical bid documents and policy proposal
OEM authorization or channel partner certificate (if applicable)
Key insights about BIHAR tender market
Bidders must submit GST, PAN, experience certificates for Govt/PSU suppliers, financial statements, EMD details (if applicable), technical bid with policy proposal, and OEM authorizations. Ensure MSME/NSIC exemption certificates if claiming EMD relief, and include prior order references for similar insurance coverage.
Required documents include GST certificate, PAN card, experience certificates with PO references, financial statements, EMD proof or exemption certificate, technical bid, and OEM authorizations. Prepare a complete policy proposal aligned to clinical trials risk profiles.
Eligibility requires prior supply experience to Govt/PSU or renowned private organizations, valid GST and PAN, and financials demonstrating stability. Provide documentation showing successful indemnity insurance in clinical trial contexts if available.
The tender indicates an estimated value of ₹100,000. Bidders should price the indemnity policy to cover clinical trial activities and institute risk profiles, while adhering to govt procurement norms and the 50% quantity/duration option.
Under the 50% option clause, the buyer can increase or decrease contract quantity or duration up to 50% at contract issue, and post-award adjustments may be allowed within the same limit with mutual consent.
Delivery scope covers liability/indemnity insurance for ICMR–RMRIMS Patna’s clinical trials and related institute activities, with coverage details defined in the final policy terms and contract schedule.
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Main Document
OTHER
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM_GENERAL_TERMS_AND_CONDITIONS