Department of Higher Education Tender by Aligarh Muslim University (amu) (GEM/2025/B/6164275)
Motor Insurance Service - Tata SFC 709 (Hydraulic Crane); Above 2500 CC
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Tender Title: Motor Insurance Service - Tata SFC 709 (Hydraulic Crane); Above 2500 CC
Reference Number: GEM/2025/B/6164275
The Department of Higher Education, under the Ministry of Education, is inviting tenders for the provision of Motor Insurance Services specifically for the Tata SFC 709 Hydraulic Crane, with engines larger than 2500 CC. This initiative aims to secure comprehensive insurance coverage that mitigates risks associated with vehicle operation, ensuring compliance with industry standards and providing peace of mind for operational stakeholders.
Scope of Work and Objectives
The key objective of this tender is to solicit bids from qualified insurance service providers to offer a robust insurance solution for the transportation and operational activities involving the Tata SFC 709 Hydraulic Crane. The selected service provider will be expected to deliver comprehensive coverage, including third-party liability, damage to the crane itself, and other relevant insurance features to safeguard against unforeseen incidents.
Eligibility Criteria
To be eligible for this tender, bidders must meet the following criteria:
- Must be a legally registered insurance provider with the necessary licenses.
- Proven experience in providing motor insurance services for vehicles exceeding 2500 CC.
- Should possess a robust financial standing to substantiate claims handling and service delivery.
Technical Requirements
Bidders are required to submit detailed documentation showcasing their insurance policies' technical specifications, including:
- Coverage details, exclusions, and terms and conditions.
- Claims procedure and turnaround time for processing claims.
- Evidence of previous insurance service contracts involving similar vehicles.
Financial Requirements
Bidders must provide a transparent pricing structure along with the following:
- A breakdown of premiums based on the coverage offered.
- Any additional costs that may be applicable, such as administrative fees.
- Financial stability proofs, including recent financial statements.
Document Submission Details
All tender submissions must be completed electronically via the designated tender portal. Bidders are required to upload the following documents:
- A filled tender submission form.
- Technical and financial proposals.
- Supporting documents confirming eligibility, such as registration certificates.
Special Provisions
Preference will be given to Micro, Small, and Medium Enterprises (MSE) and compliant startups, aimed at promoting inclusivity and encouraging competitive bidding. Additionally, bidders are encouraged to demonstrate alignment with 'Make in India' policies.
Evaluation Process
The evaluation process will consist of:
- Preliminary checks on the compliance of submitted documents.
- Technical evaluation based on the specifications provided.
- Financial evaluation focusing on the overall package value.
- Bidders will be notified of the results, ensuring transparency throughout the process.
Delivery Locations
The insured vehicle is expected to operate within the geographical boundaries set by the Ministry of Education's operational areas, which will be specified during the final contract award.
Contact Information
For further inquiries related to this tender, bidders may reach out via the established communication channels available on the official tender portal.
In conclusion, this tender represents a significant opportunity for qualified insurance providers to offer tailored insurance solutions for critical operational vehicles under the auspices of the Department of Higher Education. The proactive risk management approach sought by the Ministry of Education will serve to enhance safety and reliability in operations.
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 insurance provider with relevant licenses, demonstrating experience in insuring vehicles over 2500 CC, and maintaining a solid financial standing to support claims handling. All documentation must be submitted as evidence of compliance.
Bidders must provide various certificates including a valid insurance provider’s license, registration documents, and any relevant financial stability certificates. These documents will help validate the bidder’s capacity to deliver comprehensive motor insurance services.
The registration process typically involves filling out an online form on the tender portal, providing contact details, and submitting the necessary supporting documents (such as proof of licensing and qualifications). It is essential to ensure all information is accurate to avoid disqualification.
Bidders must present detailed technical specifications outlining coverage such as third-party liability, damages to the vehicle, and any exclusions. The insurance policy must also include clear terms on claims processing and settlement timelines.
Payment terms will include details on the premium payment breakdown, stipulated payment schedules, and conditions for refunds or adjustments in the case of claims. Bidders should present a clear financial proposal that aligns with the pricing structure outlined in the tender documentation.
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