Goa Shipyard Limited Builder Risk Insurance Tender South Goa Goa 2026
Progress
Tender Overview
Goa Shipyard Limited seeks builder risk insurance coverage (assets insurance service) for defense production projects in SOUTH GOA, GOA. The tender scope is limited to builder risk insurance cover with an optional category. The procurement location is South Goa, Goa 403105. The contract contemplates a flexible scope with a 50% quantity/duration adjustment at the contract issue and post-issue phases, applicable to lumpsum-based services with provider consent. The absence of BOQ items indicates a service-based insurance requirement rather than goods. This tender targets insurers capable of risk coverage for large-scale shipyard assets and construction-related exposures, under the buyer’s terms.
- Organization: Goa Shipyard Limited
- Location: South Goa, Goa
- Category: Assets Insurance Service - Builder Risk Insurance; Optional
- Estimated value / EMD: Not disclosed
- Key differentiator: 50% adjustment clause for quantity or duration; lumpsum service flexibility
- Unique aspect: Government defense production context via Department of Defence Production, with no BOQ entries available
Technical Specifications & Requirements
- Product/service: Builder Risk Insurance Cover for assets associated with defense production
- Standard/quality: Not specified in tender data; adjust with insurer's standard builder risk policy
- Delivery/installation: Insurance coverage to align with project milestones in defense production within Goa
- Documentation: Not specified; bidders must align with standard insurance procurement practices for government projects
- Experience: Insurers with capacity to cover defense-related builder risk exposures and large asset inventories
- Eligibility: Firm must offer builder risk insurance with contractual flexibility as per clause 50%
- Warranty/AMC: Not specified; typical coverage would include claims handling and risk assessments
Terms, Conditions & Eligibility
- EMD: Not disclosed in tender data
- Price/Contract: 50% increase/decrease allowance at contract issue; further 50% post-issue under service provider consent
- Delivery terms: Coverage to commence per defense production project timeline; milestones not detailed
- Payment: Not specified; standard government procurement payment terms may apply
- Documents: Standard bidder documents for government insurance tenders; OEM authorizations not applicable due to service nature
- Penalties: Not specified; typical liquidated damages not listed
- Warranty/Support: Not specified; requires insurer to provide claims handling and support during policy period
Key Specifications
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Product/service names: Builder Risk Insurance Cover for assets
-
Estimated value: Not disclosed
-
EMD: Not disclosed
-
Experience: Insurers with defense/shipyard coverage experience
-
Standards/certifications: Not specified
Terms & Conditions
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50% quantity/duration adjustment allowed at contract issue
-
Lumpsum-based service contracts may allow up to 50% scope increase with provider consent
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No BOQ items; service-based insurance requirement
Important Clauses
Payment Terms
Not specified; bidders should expect standard government terms, pending contract issuance
Delivery Schedule
Coverage to align with defense production project milestones; exact dates not provided
Penalties/Liquidated Damages
Not specified in Buyer Added Terms; no explicit LD details provided
Bidder Eligibility
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Insurance company with builder risk / asset insurance experience
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Capability to adjust scope up to 50% as per Clause 50%
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Compliance with government procurement practices for defense-related insurances
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
60 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
RA Qualification Rule
H1-Highest Priced Bid Elimination
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
Yes
Item Category
Assets Insurance Service - BUILDER RISK INSURANCE; BUILDER RISK INSURANCE COVER; Optional
Payment Timelines
Payments shall be made to the Seller within 10 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Pre-Bid & Qualification
Pre-Bid Date
29-09-2026 15:00:00
Pre-Bid Venue
GSL VASCO
Delivery Details
Delivery Locations
1
Delivery Cities
SOUTH GOA
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| - | SOUTH GOA | SOUTH GOA | - | - | Project / Lumpsum Based | - | Total Number of Asset to be Insured (Quantity) : 1 Total Sum Insured for the Assets : 196700000 |
Authority Records
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Documents 5
GeM-Bidding-9945140.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
1
Corrigendum Updates
1 Update Update
Required Documents
GST registration certificate
PAN card
Experience certificates in builder risk insurance for defense/shipyard projects
Financial statements of last 2-3 years
EMD/Security deposit documents (if applicable under terms)
Technical bid documents outlining insurer’s builder risk policy terms
Ongoing project references for defense production or shipyard assets
Authorized signatories and power of attorney for bid submission
Frequently Asked Questions
Key insights about GOA tender market
How to bid on builder risk insurance tender in South Goa Goa 2026?
Bidders must submit standard insurance tender documents, including GST, PAN, and experience certificates, plus technical bid outlining builder risk policy terms. The tender specifies a 50% quantity/duration adjustment clause; ensure your bid reflects this flexibility and aligns with defense production coverage requirements.
What documents are required for Goa Shipyard builder risk insurance bid?
Required documents include GST registration, PAN, 2-3 years financial statements, insurer experience certificates in defense/shipyard projects, and technical bid detailing policy coverage, exclusions, and claims handling procedures relevant to builder risk insurance.
What is the scope of 50% adjustment clause in this tender?
The buyer can increase or decrease contract quantity or duration by up to 50% at contract issue; post-issue, this limit remains up to 50% for lumpsum-based services with the service provider’s consent, allowing scalable coverage aligned with project progress.
What are the special conditions for builder risk insurance in Goa Shipyard tender?
Special conditions include government procurement practices for defense production; no BOQ items are listed, indicating a service-based insurance scope; preparation must reflect coverage for shipyard assets and associated construction risks within Goa.
When will coverage commence for defense production assets in Goa?
Coverage commencement aligns with identified project milestones; the tender does not provide specific dates; bidders should propose onboarding timelines in their risk coverage plan and ensure responsive claims handling during the policy period.
What qualifications are required for insurers bidding in Goa builder risk tender?
Bidders should demonstrate builder risk insurance experience, capability to handle defense/shipyard assets, and readiness to operate under government procurement terms; ensure compliance with all standard insurance and regulatory requirements and provide recent defense project references.