Tender Title

Assets Insurance Service - Fire Insurance, Floater Declaratory Basis; Standard Fire & Special Peril

Reference Number

GEM/2025/B/6172832

Issuing Authority

This tender is issued by the Food Civil Supplies and Consumer Protection Department of Chhattisgarh.

Scope of Work and Objectives

The primary objective of this tender is to procure Assets Insurance Service that encompasses Fire Insurance on a Floater Declaratory basis, alongside providing coverage for Standard Fire & Special Perils. The insurance service must include comprehensive coverage options such as Storm, Typhoon, Hurricane, Tornado, Flood, and Inundation (STFI) Cover, as well as RSMD Cover. This bid aims to ensure the protection of the department's assets against unforeseen events, thereby facilitating effective risk management.

Eligibility Criteria

To participate in this tender, bidders must meet specific eligibility requirements, which shall include being a registered entity capable of providing insurance services. Further details of eligibility will be provided in the procurement documents.

Technical Requirements

Bidders must demonstrate extensive experience in providing insurance services, particularly in the areas defined. They are required to furnish proof of appropriate licenses and certifications necessary for conducting insurance business.

Financial Requirements

Bidders should adhere to stipulated financial guidelines which may include proof of stability, solvency ratios, and the ability to cover the insured values as outlined in the scope of work.

Document Submission Details

All documents related to the tender must be submitted electronically or through the specified methods as outlined in the tender documents. Bidders should ensure that all required documentation is completed accurately to avoid disqualification.

Special Provisions

There are provisions for Micro, Small, and Medium Enterprises (MSEs) which may include financial benefits or relaxed eligibility conditions. Startups are also encouraged to participate, potentially receiving additional support as per government policy.

Evaluation Process

The evaluation process will be transparent and based on pre-defined criteria, including technical qualifications, financial stability, and coverage options proposed. Bidders will be evaluated on their ability to meet the tender’s requirements comprehensively.

Delivery Locations

The services procured under this tender will primarily cater to the locations specified by the Food Civil Supplies and Consumer Protection Department within Chhattisgarh.

Contact Information

Further inquiries can be directed to the relevant authority within the department. Specific contact information will be made available upon request through the official channels outlined in the tender documents.

Important Notes

Completing this tender allows the Food Civil Supplies and Consumer Protection Department to mitigate risks associated with asset management through appropriate insurance services while enhancing the overall security framework of its operations.