Tender Title: Assets Insurance Service - Floater Declaratory Basis; Fidelity Guarantee Policy; Optional

Tender Reference Number: GEM/2025/B/6172924

Issuing Authority: Food Civil Supplies and Consumer Protection Department, Chhattisgarh

The Assets Insurance Service tender seeks to establish a framework for comprehensive insurance solutions under a Floater Declaratory Basis and optional Fidelity Guarantee Policy. This initiative is geared towards ensuring that assets are adequately protected against various risks while facilitating smooth operational continuity.

Scope of Work and Objectives

The primary objective of this tender is to procure assets insurance services that cover all movable and immovable assets under the administration of the Food Civil Supplies and Consumer Protection Department, Chhattisgarh. The insurance service provided should be flexible enough to cover unforeseen events, including but not limited to theft, natural disasters, and accidental damage. The successful bidder will be responsible for ensuring the effective risk management of the department's assets.

Eligibility Criteria

Eligible bidders must meet the following eligibility criteria to participate in this tender:

• Be a registered entity in India.
• Possess relevant licenses and operational capabilities to provide insurance services.
• Demonstrate prior experience in handling similar projects in the insurance domain.

Technical Requirements

Bidders are required to submit technical proposals that outline their ability to meet the following technical requirements:

• Comprehensive understanding of insurance policies, especially related to assets insurance services.
• Ability to provide a detailed list of insurance coverages and exclusions.
• Financial robustness evidenced by past performance and client testimonials.

Financial Requirements

Bidders must conform to specific financial requirements, including:

• Submission of an Earnest Money Deposit (EMD).
• Clear price quotation and payment terms outlining the premium structure, policy deductibles, and any other applicable charges.

Document Submission Details

All documents must be submitted electronically through the tender portal. Bidders should ensure that their submissions conform to the acceptable document formats specified by the issuing authority.

Special Provisions

Provisions are in place to encourage participation from Micro, Small, and Medium Enterprises (MSEs) and startups. Bidders qualifying as MSEs may be eligible for specific tenders or set asides designed to enhance their participation in public procurement.

Evaluation Process

The evaluation of submitted bids will follow a structured process:

1. Technical Evaluation: Assessment of the technical proposals, including compliance with outlined requirements.
2. Financial Evaluation: Review and scoring of the financial offers based on predefined criteria.
3. Final scoring will be based on a combination of technical and financial evaluations.

Delivery Locations

The delivery locations for the insurance policy will cover all operational assets of the Food Civil Supplies and Consumer Protection Department within Chhattisgarh.

Contact Information

For additional queries regarding this tender, interested parties can refer to the official contact channels provided within the tender documentation.