Ratnagiri Gas And Power Private Limited Group Personal Accident Insurance Tender 2026 - ATC 25% Variation Clause
Bid Publish Date
06-Jun-2026, 10:38 am
Bid End Date
30-Jun-2026, 3:00 pm
Location
Progress
Quantity
1
Bid Type
Two Packet Bid
Categories
2
Tender Overview
Ratnagiri Gas And Power Private Limited invites bids for Group Personal Accident Insurance Service covering Permanent Employees. The tender lacks BOQ items and has limited technical specs published. A notable ATC permits a 25% adjustment to contract quantity or duration pre- and post-issue, with lump-sum scope changes also possible with provider consent. The bid document requires bidders to submit a signed, stamped copy covering scope and terms. This procurement targets reliable insurers capable of handling government-like employee accident coverage with clear variation rights. Bidders should assess whether their capacity aligns with potential scope adjustments and ensure readiness to bind to the tender’s terms.
Technical Specifications & Requirements
- Service category: Group Personal Accident Insurance for permanent employees
- BOQ items: 0 items (no detailed quantity schedule available)
- EMD/Value: Not specified in provided data
- Variation rights: 25% up/down adjustment in quantity or duration at bid/tender issue and post-issuance
- ATC alignment: Lump-sum-based contracts may allow up to 25% increase with service provider consent
- Documentation requirement: Bidder must submit a signed and stamped copy of tender document including scope of work and terms and conditions
- Location/Scope clarity: Location not disclosed in data; procurement framed for permanent employee insurance cover
Terms, Conditions & Eligibility
- EMD/Deposit: Not specified in available terms
- Delivery/Execution: Not defined in the data; contingencies exist for contract scope expansion up to 25%
- Payment terms: Not described in the provided terms
- Warranty/Support: Not specified
- Documentation: Signed and stamped tender document with scope and terms; standard compliance to ATC clauses
- Other: The tender includes general ATC and bidders must acknowledge and accept scope variations
Key Specifications
-
- Service category: Group Personal Accident Insurance for Permanent Employees
-
- BOQ items: 0 (no itemized quantities available)
-
- Variation rights: 25% increase/decrease in contract quantity or duration at tender issue and post-issuance
-
- Lump-sum scope changes: Up to 25% with service provider consent
-
- Documentation: Require submission of signed and stamped copy of tender document with scope and terms
Terms & Conditions
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Key Term 1: Variability clause allows ±25% changes in quantity/duration
-
Key Term 2: Lump-sum scope changes require provider consent
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Key Term 3: Submission must include signed and stamped tender copy with scope
Important Clauses
Payment Terms
Not specified in the supplied terms; standard tender ATC applies to variations and acceptance
Delivery Schedule
Not specified; contract scope may be adjusted by 25%
Penalties/Liquidated Damages
Not specified in the provided data
Bidder Eligibility
-
Eligibility not fully detailed in data; bidders must submit signed tender copy with scope
-
Experience in insurance services for employee benefits advisable
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Compliance with ATC variation clauses and contract variation acceptance
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Group Personal Accident Insurance Service - Permanent Employees; As per attached document
Authority Records
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Documents 5
GeM-Bidding-9413157.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Scope Of Work Document
SCOPE_OF_WORK
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Required Documents
Signed and stamped copy of tender document including scope of work and terms and conditions
Corrigendum Updates
1 Update Update
Extended Deadline
30-Jun-2026, 3:00 pm
Opening Date
30-Jun-2026, 3:30 pm
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | 23-06-2026 14:41:47 | |
| 2 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA | 23-06-2026 14:14:41 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA | Item Categories : Group Personal Accident Insurance Service - Permanent Employees; As per attached document |
Contract / Result Documents 1
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Frequently Asked Questions
Key insights about MAHARASHTRA tender market
How to bid for Group Personal Accident Insurance tender in Ratnagiri?
Bidders must submit a signed and stamped copy of the tender document including scope and terms. Ensure understanding of the 25% variation clause and readiness to accept contract scope changes. Confirm insurer capacity for permanent employee coverage and alignment with ATC terms before submission.
What documents are required for this insurance tender in Maharashtra?
The essential submission is a signed, stamped copy of the tender document with the scope of work and terms. No GST/PAN/EMD details are specified in the provided data; bidders should prepare standard industry documents and await further clarification from the procuring entity.
What are the variation rights under the ATC for this insurance contract?
The buyer can vary contract quantity or duration up to 25% at tender issue and post-issuance. For lumpsum services, scope and contract value may increase by up to 25% with the service provider's consent, affecting delivery and pricing considerations.
What is the delivery timeline for the insurance service contract?
Delivery timeline details are not specified in the tender data. Bidders should be prepared for potential scope changes within the 25% variation window and align delivery readiness with insurer capacity and approval processes.
What is the organization issuing this insurance procurement in Ratnagiri?
The procurement is issued by Ratnagiri Gas And Power Private Limited under its Contracts and Materials department, seeking Group Personal Accident Insurance for permanent employees with ATC variation terms.
How to verify compliance with the ATC variation terms in this tender?
Review the tender document thoroughly, confirm acceptance of the 25% variation rights, and ensure contract negotiations allow pre- and post-issuance changes. Prepare bid pricing and service scope to accommodate possible scope expansion.
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Unlock Tender Documents
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Documents 5
GeM-Bidding-9413157.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Scope Of Work Document
SCOPE_OF_WORK
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS