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
Tender Timeline
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
Financial Information
Evaluation and Technical Information
Tender Documents
6 DocumentsDocuments 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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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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