Motor Insurance Service - As per Tender document; As per Tender document
Bharat Heavy Electricals Limited (bhel)
HARIDWAR, UTTARAKHAND
Progress
Quantity
1
Bid Type
Single Packet Bid
Organization: MSTC Limited, conducting a procurement for Assets Insurance Service in West Delhi, Delhi 110008. The tender references a flexible quantity/contract duration clause allowing up to 25% adjustment at issuance or post-issuance. No BOQ items are listed, and no explicit estimated value or EMD is provided in the available data. This opportunity centers on insurance service provisioning for organizational assets under standard tender terms, with ATC governing bid submission rules. Respondents should prepare to align with the 25% adjustment framework and any ATC amendments issued by MSTC. This tender references standard government procurement practices and requires bidders to monitor updates to the contract scope at award.
Key Term 1: Quantity/duration amendment up to 25% at contract issue and post-issuance under ATC
Key Term 2: Verify EMD amount and submission format in final ATC and tender terms
Key Term 3: Submission of GST, PAN, financials, and insurance licenses as core documents
Payment terms to be detailed in ATC/contract; bidders should expect standard government practice after policy issuance
Service delivery/coverage period to be defined in final contract; monitor ATC for policy term alignment
Penalties, LD, or performance bonds to be specified in ATC; ensure compliance with insurance service deliverables
Eligibility criterion 1: Valid insurance licensing and regulatory compliance
Eligibility criterion 2: Capacity to provide enterprise-grade asset insurance coverage
Eligibility criterion 3: Prior experience in government or large-scale insurance service contracts
Main Document
BOQ
OTHER
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS
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GST registration certificate
Permanent Account Number (PAN) card
Experience certificates for insurance service delivery
Financial statements / turnover details (past 3 years if requested)
Proof of prior similar insurance contracts (if required by ATC)
Insurance license/certification and OEM authorizations (if applicable)
EMD submission proof (amount/format as per ATC) and payment details
Technical bid documents and any ATC-specified compliance certificates
Key insights about DELHI tender market
Bidders should review the ATC for ISTS details, submit GST and PAN, provide prior insurance contracts, and attach license/certifications. Ensure readiness for up to 25% scope adjustment during award. Prepare financial statements and EMD submission as specified in the final ATC.
Mandatory documents include GST certificate, PAN card, financial statements, experience certificates for insurance services, insurance licenses, OEM authorizations if applicable, and EMD proof. Attach technical bid documents and any ATC-complied certifications as requested.
Delivery is aligned with the final contract term and policy period. Specific timelines will be clarified in the ATC; bidders should anticipate coverage to commence upon contract award and continue through policy periods with renewal options.
EMD details are to be confirmed in the ATC. When specified, bidders must submit the EMD amount via the approved mode (DD/online) and ensure validity through the bid submission and award periods.
Bidders should expect to meet regulatory insurance licensing, potential ISI/ISO-related standards if referenced in ATC, and any organization-specific policy compliance. Final standards will be detailed in the ATC and contract documentation.
The contract allows a bid quantity or duration adjust up to 25% at issuance and post-award. Bidders must accept these revisions and demonstrate capability to scale service coverage accordingly within the final contract framework.
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Main Document
BOQ
OTHER
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS