AI ENGINEERING SERVICES LIMITED Tender by Ai Engineering Services Limited (22e7ec1c)
Liability Insurance Service - Employer’s liability and workers' compensation, Director and Office
Tender Timeline
Tender Title: Liability Insurance Service for Employer’s Liability and Workers' Compensation
Reference Number: 22e7ec1c
Issuing Authority
AI Engineering Services Limited, under the supervision of the Ministry of Civil Aviation, is the official issuing authority for this tender.
Scope of Work and Objectives
The objective of this tender is to procure comprehensive Liability Insurance Services, which encompass various types of coverage including Employer’s Liability, Workers' Compensation, Director and Officer Liability, and Assets Insurance Services. Additional coverages sought include Terrorism Insurance, Electronic Equipment Insurance, Marine Insurance (including Erection and All Risk Policy), Standard Fire & Special Perils Cover, and Motor Insurance Services. Equally, coverage for Overseas Travel and Medical Insurance during official travel is required in conjunction with Marine and Transit Insurance Services.
The selected service provider(s) will be responsible for providing detailed assessments, risk evaluations, and policy emissions that ensure all personnel and assets are adequately covered against potential liabilities.
Eligibility Criteria
To participate in this tender, bidders must meet specific eligibility requirements which include being a registered entity authorized to provide insurance services. Further, bidders should demonstrate prior experience in managing similar insurance portfolios and must possess the necessary certifications and licenses specific to insurance services.
Technical Requirements
The successful bidder is mandated to showcase extensive expertise in providing the aforementioned insurance services. They should provide technical specifications of their offerings, including policy details, coverage limits, exclusions, and any other pertinent points. Bidders must also comply with existing quality standards and industry regulations to ensure all services remain within governmental compliance guidelines.
Financial Requirements
Participating bidders must assure the provision of financial capabilities to support the range of services requested. This includes a requirement for an Earnest Money Deposit (EMD), and should meet minimum financial threshold criteria as stipulated within the tender documentation.
Document Submission Details
Interested parties must submit their technical and financial documents electronically. Details regarding accepted document formats will be provided during the inquiry period. All submissions must be made by the stipulated deadline laid out in tender instructions.
Special Provisions
Micro, Small, and Medium Enterprises (MSEs) are encouraged to participate, as special provisions and support may be provided to assist these businesses in securing this tender. Additional benefits for startups will also be outlined to stimulate competitiveness within the market.
Evaluation Process
The bids will be evaluated based on compliance with technical specifications, financial viability, and the experience of the bidders. Rating systems will be applied to assess all submissions followed by due diligence to ensure all conditions are met.
Delivery Locations
The delivery of services under this tender will be focused primarily within the jurisdiction of the Ministry of Civil Aviation. Specific locations and requirements will be detailed in correspondence with the successful bidder.
Contact Information
Further inquiries regarding this tender can be directed to the official channels as indicated in the tender notices issued by AI Engineering Services Limited. It is essential that interested bidders refer to the official documentation for any necessary clarifications or to obtain more information.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
4 DocumentsDocuments Required from Seller
- Additional Doc 1 (Requested in ATC)
- Additional Doc 2 (Requested in ATC)
- Additional Doc 3 (Requested in ATC)
- Additional Doc 4 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria
- the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer
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Frequently Asked Questions
The eligibility requirements include being a registered entity authorized to provide insurance services. Bidders must demonstrate relevant experience and hold necessary certifications. A good standing in financial matters and compliance with industry regulations is also necessary to qualify for the tender.
Bidders must provide a comprehensive view of their technical offerings, which includes policy details such as coverage limits, exclusions, and compliance with recognized quality standards. Adequately addressing the specific types of insurance services required is critical for a successful bid.
Payment terms will be specified in detail in the tender instructions. Typically, service providers will be required to comply with the stipulated financial frameworks, including any required Performance Security that guarantees project completion as per standards.
Submissions must be made electronically, adhering to specified formats as indicated in the tender documents. It is crucial that bidders follow all guidelines to ensure compliance, including any size limitations or file types accepted.
Yes, there are specific provisions aimed at assisting MSEs and startups. These benefits are designed to promote competitiveness and make it easier for smaller enterprises to participate in the tendering process, thereby supporting the broader goals of inclusivity and economic growth.
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