Department of Atomic Energy Tender by Bharatiya Nabhikiya Vidyut Nigam Limited (GEM/2025/B/6163148)
Assets Insurance Service - Sl No 1 Standard fire and special perils Residential buildings and Elect
Tender Timeline
Tender Title: Assets Insurance Service
Tender Reference Number: GEM/2025/B/6163148
Issuing Authority/Department
The Department of Atomic Energy is inviting bids for the provision of comprehensive Assets Insurance Services as specified in this tender.
Scope of Work and Objectives
This tender encompasses three distinct components aimed at providing robust insurance solutions for various assets located at the BHAVINI Township in Anupuram, Kalpakkam. The breakdown of the insurance service areas includes:
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Assets Insurance Service for Residential Buildings and Electrical Installations: This segment provides coverage against standard fire and special perils for residential properties and electrical systems within the township.
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Assets Insurance Service for Office Buildings and Sub-station Equipment: This component includes insurance for office buildings, transformers, office equipment, computers, and furniture, securing assets essential for operational continuity.
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Burglary Policy: Protection against theft or burglary for furniture, office equipment, and other critical assets located at the BHAVINI site.
The primary objective of this tender is to ensure that all insured assets are adequately covered against potential risks, safeguarding the interests of the Department of Atomic Energy.
Eligibility Criteria
To participate in this tender, bidders must meet specific eligibility requirements, including but not limited to being a registered entity with relevant financial credentials and experience in providing insurance services. Bidders should also demonstrate their capability to meet the technical specifications outlined in the tender documentation.
Technical Requirements
Bidders must possess the following qualifications and certifications:
- Registration with the relevant insurance authorities
- Technical expertise in handling insurance for industrial and residential assets
- Proven track record of compliance with national and local guidelines
Financial Requirements
Bidders are generally required to submit financial statements demonstrating their stability and ability to service the tender demands. The submission may also include proof of previous insurance engagements and projected pricing structures for the services offered.
Document Submission Details
Bidders must ensure that all necessary documents, including technical and financial proposals, are submitted in the specified formats detailed in the tender guidelines.
Special Provisions
There are provisions for Micro, Small, and Medium Enterprises (MSEs) and startups, ensuring that these entities can participate equitably in the bidding process. This is intended to promote inclusivity and foster innovation within the sector.
Evaluation Process
The evaluation of bids will be conducted based on established criteria, focusing on the technical ability, financial proposal comparatives, and compliance with requirements outlined in the tender documentation.
Delivery Locations
The assets to be insured are located primarily at the BHAVINI Township, Anupuram and the Kalpakkam site. Bidders must consider these locations in their service proposals.
Contact Information
For further details and clarifications regarding this tender, potential bidders are encouraged to contact the Department of Atomic Energy directly through the official communication channels provided in the tender documentation.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
7 DocumentsDocuments Required from Seller
- Certificate (Requested in ATC)
- Additional Doc 1 (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 with a valid license for providing insurance services. Bidders must also demonstrate experience in the insurance sector, comply with local regulations, and showcase their financial viability through relevant documentation.
Bidders must present certifications that verify their insurance service capabilities, including registration with appropriate insurance authorities. Additionally, certificates demonstrating compliance with industry standards and financial integrity will also be mandatory for a successful tender application.
The registration process involves submitting necessary documentation alongside the tender application. Bidders should ensure that they complete any required forms accurately and provide supporting evidence as articulated in the tender guidelines. Registration makes bidders eligible to submit their proposals for evaluation.
Bidders are typically required to submit their documents in specified digital formats, such as PDF or Word documents, as mentioned in the tender documentation. It is crucial to follow the formats outlined to ensure that submissions are considered complete and correctly formatted.
The evaluation criteria largely focus on assessing the technical and financial proposals. Key factors include compliance with eligibility requirements, experience in similar projects, pricing structures, and the quality of the proposed insurance coverage options. Bids will be scrutinized to ensure that they meet all outlined specifications and provide the best value for the Department of Atomic Energy.
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