Tender Title and Reference Number
Assets Insurance Service - All Risk Policy, Fire Insurance, Item A; As mentioned in Section titled
Tender Timeline
Tender Description
Tender Title and Reference Number
fffe16a9
Issuing Authority/Department
Hindustan Copper Limited, under the administration of the Ministry of Mines.
Scope of Work and Objectives
This tender encompasses the provision of Assets Insurance Services, specifically covering an All Risk Policy and Fire Insurance. The primary objective is to ensure comprehensive risk management for assets, shielding them from various operational risks and ensuring adequate financial backing in case of unforeseen circumstances, particularly in the mining industry context.
The services are categorized into optional items that may be procured, as outlined in the associated tender documentation. This includes the detailed provision for insurance coverage, which is critical for supporting organizational health and safeguarding against asset loss.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
7 DocumentsDocuments Required from Seller
- Certificate (Requested in ATC) *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, specifically in the insurance domain, with a proven track record of satisfying similar contracts. Bidders must possess the requisite certifications ensuring their capability and legal right to provide assets insurance services. Relevant experience and compliance with industry regulations will further substantiate eligibility.
Bidders should adhere to specific technical specifications including documented methodologies for risk management and insurance underwriting practices. Providers must demonstrate their qualifications through relevant certifications and experience in managing fire insurance and all risk policies within industrial or mining contexts, ensuring they can effectively fulfill the insurance needs outlined in the tender.
The Earnest Money Deposit (EMD) requirement is typically set to maintain serious intent in the bidding process. Bidders must submit a specified monetary amount along with their proposal. The amount and conditions regarding the EMD can be found in the formal tender documentation, with guidelines on how it will be managed throughout the tender lifecycle.
Proposals must be submitted as per the outlined submission methods in the tender documentation, typically through specified digital channels or official submission platforms. Bidders should ensure all documents are in the required formats, as any deviations may lead to disqualification from the evaluation process.
MSEs may enjoy several benefits, including reduced documentation requirements and supportive measures that enhance their chances during the evaluation process. Provisions for local sourcing and compliance with ‘Make in India’ policies may also be applicable, incentivizing SMEs to engage in the tender process and contribute to local economic growth.
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