Department of Higher Education Tender by Aligarh Muslim University (amu) (GEM/2025/B/6163109)
Motor Insurance Service - Agricultural Tractor; Above 2500 CC
Tender Timeline
Tender Title: Motor Insurance Service - Agricultural Tractor; Above 2500 CC
Reference Number: GEM/2025/B/6163109
Issuing Authority/Department:
Ministry of Education, Department of Higher Education
Scope of Work and Objectives
This tender is aimed at procuring comprehensive Motor Insurance Services specifically for Agricultural Tractors with an engine capacity exceeding 2500 CC. The main objective is to ensure that the selected service provider can offer a robust insurance policy that protects against damages and liabilities arising from accidents and other unforeseen incidents related to these agricultural vehicles. The insurance coverage should be tailored to meet the unique requirements of the agricultural sector, thereby enhancing the operational reliability of the equipment.
Eligibility Criteria
To qualify for this tender, bidders must meet the following eligibility requirements:
- Be a registered and licensed insurance provider with the capability to offer motor insurance services.
- Hold relevant certifications required by regulatory authorities in the insurance sector.
- Have a proven track record in providing insurance services, particularly in the agricultural domain.
Technical Requirements
Bidders must demonstrate that their offered insurance policy includes the following technical specifications:
- Comprehensive coverage for third-party liabilities and own damage.
- Available add-ons like protection providers, personal accident cover for drivers, and loss of income benefits.
- Prompt and efficient claim-processing mechanisms.
Financial Requirements
Bidders must provide evidence of financial stability, which includes:
- Financial statements for the previous three years.
- Documented proof of insurance reserves to cover potential claims.
Document Submission Details
All tender applications and accompanying documents must be submitted electronically through the official procurement portal. Bidders must ensure the adherence to the prescribed format and guidelines for documentation to prevent any disqualification.
Special Provisions
This tender encourages the participation of Micro, Small, and Medium Enterprises (MSEs) and startups. Bidders qualifying under these categories may have advantages such as relaxed eligibility criteria and additional support during the procurement process.
Evaluation Process
Bids will be evaluated based on a comprehensive assessment that includes:
- Technical capability and compliance with the required specifications.
- Financial soundness and the competitiveness of pricing.
- Prior experience and client portfolio, particularly in agricultural insurance.
Delivery Locations
The insurance coverage will necessitate compliance across various rural and agricultural zones where the tractors are operational. The selected service provider must have the capability to facilitate services in these locations.
Contact Information
For further details regarding this tender, you may reach out to the designated contacts provided on the official procurement portal.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
4 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- OEM Authorization Certificate *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 specializing in insurance services, particularly for agricultural tractors. Bidders must hold necessary certifications as mandated by insurance regulatory authorities. Additionally, a proven record in handling insurance for agricultural vehicles is essential, ensuring that the service provider is capable of fulfilling the insurance requirements specified in the tender.
Bidders must provide valid licenses and certifications that demonstrate compliance with local insurance regulations. This includes documentation that supports the bidder’s expertise and capability in offering insurance for agricultural equipment. Moreover, evidence of any previous awards or recognitions in the insurance sector can enhance the submission.
To register, bidders must follow the online submission guidelines outlined on the official procurement portal. This generally involves creating an account, providing necessary organizational details, and ensuring all required documents are compiled in the accepted formats. It is crucial to adhere to the submission protocols to avoid disqualification.
The accepted document formats for tender submission typically include PDF, Word documents, and spreadsheets. It’s essential to ensure that all submitted files maintain a professional layout and are easily readable. Compliance with the specified format is critical for the evaluation of the submission.
Successful bidders may be required to submit a performance security deposit as part of the contract implementation. This deposit ensures that the bidder adheres to the agreed terms and conditions of service. Specific details regarding the percentage and form of the performance security will be outlined in the contract documents post-evaluation.
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