Assets Insurance Service - IAR Insurance policy for the Assets of Agartala Gas Based Power Station

Assets Insurance Service - IAR Insurance policy for the Assets of Agartala Gas Based Power Station

Service
Qty:NaN

Tender Timeline

Tender Issue
June 13, 2025 at 6:10 PM

Tender Description

Tender Title: Assets Insurance Service - IAR Insurance policy for the Assets of Agartala Gas Based Power Station
Tender Reference Number: 118dd6a31
Issuing Authority/Department: Hydro Power, Ministry of Power

Scope of Work and Objectives

This tender invites proposals for the provision of Assets Insurance Service, specifically focusing on an IAR Insurance policy for the assets of the Agartala Gas Based Power Station (135 MW). The objective is to ensure comprehensive coverage against various risks encountered by the power station, including property damage and natural calamities. The tender encompasses multiple forms of coverage that include not only fire and special perils but also the more extensive Storm, Typhoon, Hurricane, Tornado, Flood, and Inundation (STFI) coverage.

General Information

Item Category
Assets Insurance Service - IAR Insurance policy for the Assets of Agartala Gas Based Power Station (135 MW),; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Business..
Ministry Name
Department Name

Financial Information

Bid Offer Validity
90 (Days)
Arbitration Clause
No
Mediation Clause
No

Evaluation and Technical Information

Evaluation Method
Total value wise evaluation
RA Qualification Rule
H1-Highest Priced Bid Elimination
Inspection Required
No
Technical Clarifications Time
3 Days

Tender Documents

6 Documents
GeM-Bidding-7965241.pdfMain Document
Other DocumentsOTHER
Other DocumentsOTHER
Other DocumentsOTHER FINANCIAL
Buyer uploaded ATC documentATC ATC
GEM General Terms and Conditions DocumentGEM_GENERAL_TERMS_AND_CONDITIONS

Documents Required from Seller

  • Certificate (Requested in ATC)
  • Additional Doc 1 (Requested in ATC)
  • Additional Doc 2 (Requested in ATC)
  • Additional Doc 3 (Requested in ATC)
  • Additional Doc 4 (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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Assets Insurance Service - All Risk Policy, Fire Insurance, Item A; As mentioned in Section titled

GEM
Service
7 Files
Hindustan Copper Limited
Insu › Asse,services › Home
Assets Insurance Service - All Risk Policy, Fire Insurance, Item A; As mentioned in Section titled ATC of Bid Document; Optional , Assets Insurance Service - All Risk Policy, Item B; As mentioned in Section titled ATC of Bid Document; Optional , Assets Insurance Service - All Risk Policy, Item C; As mentioned in Section titled ATC of Bid Document; Optional , Assets Insurance Service - All Risk Policy, Item D; As mentioned in Section titled ATC of Bid Document; Optional , Assets Insurance Service - Item E, Fire Insurance; As mentioned in Section titled ATC of Bid Document; Optional , Assets Insurance Service - Item F, Fire Insurance; As mentioned in Section titled ATC of Bid Document; Optional , Assets Insurance Service - Item G, Fire Insurance; As mentioned in Section titled ATC of Bid Document; Optional , Assets Insurance Service - Item I, Fire Insurance; As mentioned in Section titled ATC of Bid Document; Optional , Assets Insurance Service - Item J (Marine Open Policy); As mentioned in Section titled ATC of Bid Document; Optional , Liability Insurance Service - Item K (Public Liability Act Policy) , Liability Insurance Service - Item L (Commercial General Liability Policy (Excluding Product Liability)) , Assets Insurance Service - Fire Insurance, Item H; As mentioned in Section titled ATC of Bid Document; Optional
June 14, 2025
June 24, 2025 at 3:00 PM
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Frequently Asked Questions

Eligibility requirements include being a registered entity with expertise in providing insurance services for energy or infrastructure sectors. Bidders must possess prior experience in managing similar insurance policies, particularly within the power generation industry, showcasing their financial stability and performance reliability.

Participating bidders may need to present relevant certifications that validate their compliance with insurance and regulatory guidelines. This includes certification of registration as an insurance provider and adherence to local jurisdiction standards concerning insurance practices and policies.

The registration process typically involves registered bidders creating an account on the designated e-portal where the tender is hosted. Upon registration, bidders will be required to submit necessary documentation and profile details according to tender specifications, ensuring all requirements are met before bid submission.

Accepted document formats usually include PDF, DOC, or specific file types as detailed in the tender documentation. Bidders must ensure that all submitted files are clear, formatted correctly, and compliant with the stipulations outlined in the tender notice.

Bidders may be required to provide performance security, which is usually a percentage of the contract value that serves as a guarantee for contract fulfillment. Payment terms will often be based on milestones tied to service delivery, as stipulated in the tender agreement, ensuring financial accountability throughout the contract duration.

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