Tender Title: Brokerage for Insurance
Tender Reference Number: GEM/2025/B/6148612
Issuing Authority/Department: Dredging Corporation of India Limited, under the Ministry of Ports, Shipping and Waterways

The scope of work for this tender involves the provision of brokerage services to facilitate insurance requirements for the Dredging Corporation of India Limited. The primary objective is to ensure comprehensive insurance coverage for various operational assets and liabilities associated with dredging and maritime activities. The successful bidder will assist in negotiating insurance terms and securing the best available coverage suitable for the corporation's activities.

Eligibility Criteria state that all applicants must be duly registered entities capable of providing adequate proof of experience in insurance brokerage services. Bidders are expected to demonstrate relevant qualifications, licensing, and previous portfolio examples to affirm their competency in delivering the required service.

Technical Requirements

Potential bidders will need to outline their technical specifications which include the capability to analyze the insurance needs of the corporation, provide risk assessment studies, and tailor insurance policies accordingly. Bidders must also adhere to specific quality standards and must comply with all regulatory requirements set forth by the insurance authorities.

Financial Requirements

All bids must include clear financial proposals that detail the payment terms and include an Earnest Money Deposit (EMD) to demonstrate commitment to the tender process. Submissions will be evaluated based on price evaluation considerations, ensuring that the most economically advantageous submission is selected.

Document Submission Details

Bid submissions must include all requisite certificates and supporting documents in the specified formats. It is mandatory for documents to be submitted electronically through the designated procurement platform, ensuring compliance with local procurement rules. Bidders must also ensure all submissions follow the accepted document formats to avoid disqualification.

Special Provisions

This tender contains provisions to benefit Micro, Small, and Medium Enterprises (MSEs) and startups. These provisions aim to encourage participation from smaller entities by offering favorable consideration during the evaluation process and easing some compliance burdens.

Evaluation Process

The evaluation and selection process will assess submissions based on technical capability, financial viability, and compliance with eligibility criteria. Bidders can expect notifications regarding the results of this process within a specified timeframe, helping them understand the outcome of their submissions.

Delivery Locations

Services performed under this contract may be evaluated and provided across various locations where the Dredging Corporation of India Limited operates, necessitating bidders’ flexibility in service provision.

Contact Information

For additional information and inquiries, potential bidders may need to refer directly to the Dredging Corporation of India Limited's official communication channels as listed in the procurement module.

By participating in this tender, bidders will have the opportunity to contribute significantly to the assured operational efficiency and risk management of the Dredging Corporation, paving the way for a safer maritime operational environment.