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Cochin Shipyard Ltd Asset Insurance Tender Kerala Comprehensive Insurance 2026

Bid Publish Date

21-Feb-2026, 6:18 pm

Bid End Date

02-Mar-2026, 4:00 pm

Value

₹30,00,00,000

Location

ERNAKULAM , KERALA

Progress

Issue21-Feb-2026, 6:18 pm
AwardPending
Explore all 4 tabs to view complete tender details

Quantity

1

Bid Type

Two Packet Bid

Key Highlights

  • • CRITICAL: Comprehensive Asset Insurance requirement for Cochin Shipyard Ltd assets in Kerala
  • • 25% quantity or duration adjustment allowed at contract issue and for the contract period
  • • Optional coverage component indicated in tender classification
  • • No BOQ items provided; scope outlined in Buyer Added Terms and attached ATC/SOW
  • • ATC/SOW documents are essential to define policy limits, exclusions, and timelines
  • • Estimated contract value: ₹300,000,000.00; exact coverage limits to be confirmed via attachments
  • • Location-specific procurement under Department Of Public Enterprises
  • • Insurance policy compliance and insurer eligibility to be validated in bid submission

Categories 1

INSURANCE SERVICE

Tender Overview

Organization: Cochin Shipyard Ltd, Department Of Public Enterprises, located in ERNAKULAM, KERALA 682001. Product category: Asset Insurance Service – Comprehensive Insurance (with optional coverage). Estimated value: ₹300,00,000.00. Scope covers comprehensive insurance for corporate assets; details appear in bid attachments. The procurement includes a notable quantity/duration flexibility clause: contract quantity or duration may be adjusted by up to 25% at contract issuance, and subsequently only up to 25%. This tender is designed to secure broad, all-in-one asset coverage via a government-aligned insurer, minimizing operational risk for maritime and industrial assets. Unique aspects include the absence of a listed BOQ and reliance on attached Terms/ATC files for scope.

Technical Specifications & Requirements

  • Insurance type: Comprehensive Asset Insurance for organizational assets owned by Cochin Shipyard Ltd.
  • Coverage framework: Comprehensive policy with optional extensions as per ATC and SOW attachments.
  • Contract flexibility: Up to 25% adjustment in quantity or duration at contract issue, with bound acceptance by bidders.
  • BOQ status: No BOQ items available; scope defined in Buyer Added Terms and attached documents.
  • Standards/compliance: Not specified in the data; bidders should review ATC and SOW attachments for policy timelines, coverage limits, and exclusions.
  • Location relevance: Tender targeted to operating needs within Kerala, with governance under Department Of Public Enterprises.

Terms, Conditions & Eligibility

  • EMD: Not specified in the provided data ( bidders should verify in ATC/Terms attachments).
  • Payment terms: Not specified; evaluate in ATC/Terms documents.
  • Delivery/implementation: Not specified; refer to SOW/ATC for policy issuance timelines.
  • Warranty/AMS: Not specified; check standard asset insurance compliance and renewal terms.
  • Modification clause: 25% quantity/duration variance allowed at contract issue; bidder acceptance required.

Key Specifications

  • Asset insurance scope: comprehensive coverage for Cochin Shipyard Ltd assets

  • Estimated value: ₹300,000,000.00

  • Contract quantity/duration flexibility: up to 25% at issuance and thereafter

  • BOQ: Not provided; rely on Buyer Added Terms and ATC for coverage limits

  • Delivery/issuance: Terms and timelines defined in ATC/SOW; not in base data

Terms & Conditions

  • Key term: 25% adjustment cap on quantity/duration at contract issue

  • Key term: Comprehensive asset insurance with optional add-ons as per ATC/SOW

  • Key term: Absence of BOQ items; depend on attached terms for scope and timelines

Important Clauses

Payment Terms

Details to be extracted from ATC; not provided in base data

Delivery Schedule

Policy issuance and activation timelines to be defined in SOW/ATC

Penalties/Liquidated Damages

Not specified; refer to ATC for any LD or penalty provisions

Bidder Eligibility

  • Must meet insurer eligibility and underwriting capacity for ₹300,000,000.00 value

  • Demonstrated experience in comprehensive asset insurance for large maritime/industrial assets

  • Compliance with GST, PAN and financial statement requirements

Documents 6

GeM-Bidding-9026135.pdf

Main Document

Other Documents

OTHER

Other Documents

OTHER

Other Documents

OTHER

Buyer uploaded ATC document

ATC

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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Required Documents

1

GST registration certificate

2

PAN card of bidder

3

Experience certificates in asset insurance provisioning

4

Financial statements demonstrating capacity to underwrite ₹300,000,000.00 value

5

EMD/Security deposit as per ATC (if applicable in attachments)

6

Technical bid documents detailing policy coverage and approach

7

OEM authorizations or insurer accreditation (if required by terms)

8

ATC/SOW attachments reviewed and checklisted for bid submission

Frequently Asked Questions

Key insights about KERALA tender market

How to bid for asset insurance tender in Kerala Cochin Shipyard 2026

Bidders should review ATC and SOW attachments, ensure eligibility for ₹300,000,000.00 insurance exposure, and prepare GST, PAN, financial statements, and prior asset insurance experience. The bid requires acceptance of the 25% quantity/duration variation and submission of technical and financial bids as per tender documents.

What documents are required for comprehensive insurance procurement in Ernakulam

Submit GST certificate, PAN card, experience certificates in asset insurance, recent financial statements, and any insurer accreditation. Include technical bid detailing policy coverage, renewal terms, and exclusions. EMD details (if applicable) and ATC/SOW checklists must be attached with the bid.

What are the key coverage requirements for Cochin Shipyard insurance

The tender specifies Comprehensive Asset Insurance with optional riders; coverage limits, exclusions, and policy terms will be defined in ATC/SOW. Bidders must align policy proposals to cover organizational assets valued around ₹300 million and comply with state procurement norms.

When is the delivery timeline for insurance policy issuance in Kerala

Exact issuance timelines are defined in the ATC/SOW attachments. Bidders should prepare to meet policy activation within the period specified post contract award, considering the 25% variation clause while maintaining compliance with procurement timelines.

What are the payment terms for the asset insurance contract

Payment terms are not specified in the base data; bidders must verify in ATC. Typically, insurance procurements involve annual premium payments with renewal, but confirm whether advance, milestone, or post-issuance payments apply per policy terms.

What qualifies as eligible experience for this asset insurance bid in Kerala

Eligible bidders should demonstrate prior asset insurance provisioning for large-scale fleets or facilities, with policy issuance experience for at least ₹300 million exposure. Provide references, client certificates, and documented track record as part of the technical bid.

What is the scope of the 25% variation clause in this tender

The clause allows up to 25% adjustments in contract quantity or duration at contract issuance and during the contract period, with bidder acceptance obligatory. It requires alignment with SOW and ATC to ensure coverage continuity and pricing validity.

How to verify compliance with ATC/SOW before submitting bid

Download and review ATC and SOW attachments thoroughly; ensure all coverage, rider options, timelines, and exclusions match your underwriting capabilities. Prepare a cross-check matrix mapping policy features to the tender requirements and include citations in the bid submission.

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