NTPC Sail Power Company Ltd CPM Insurance Policy for Dozers & Forklifts Tender 2025 in India

Tender Overview

NTPC Sail Power Company Ltd, a power-generation entity, seeks an insurance service for its dozers and forklifts under the CPM Insurance policy category. Estimated contract value is ₹239,172.00. The tender lacks explicit start/end dates and a formal BOQ; however, it emphasizes service delivery accuracy and policy coverage for heavy equipment. This procurement targets specialized insurers capable of risk management for construction and material handling assets at Sail Power facilities. A key differentiator is the flexible quantity/duration option and the excess settlement feature enabling additional charges with documented justification. This tender requires bidders to align with the client’s CPM risk transfer needs and demonstrate insurance compliance for plant equipment. The absence of detailed technical specs suggests emphasis on policy terms, claim handling, and provider stability as evaluation factors. Location details are not specified in the tender data but the procuring organization is NTPC Sail Power Company Ltd, indicating a national scope within the Indian energy sector.

Technical Specifications & Requirements

• Product category: CPM Insurance policy for heavy equipment
• Estimated contract value: ₹239,172.00
• No BOQ items listed; no explicit equipment list beyond dozers and forklifts
• No start/end dates provided; reference to standard insurance policy coverage for plant equipment
• Excess settlement option allows additional charges up to a set percentage with documented support
• Insurers must demonstrate financial viability and policy administration capability for equipment risk management
• Emphasizes compliance with policy terms, claim settlement speed, and service-level commitments for heavy machinery

Terms, Conditions & Eligibility

• Option Clause: Contract quantity/duration can be adjusted by up to 25% at contract issue and after issuance
• Excess settlement: Additional charges permitted up to a defined percentage of item-level total value with mandatory supporting docs
• No specified EMD amount or payment terms publicly disclosed
• No explicit eligibility criteria (years of operation, turnover) listed in available data
• Documentation requirements not detailed in terms; bidders should prepare standard insurance bid documents and OEM/underwriter qualifications
• Ensure readiness to submit policy schedules, risk coverage specifics, and claim settlement processes upon bid submission