Tender Title: Assets Insurance Service - 50632423
Issuing Authority
The Industries and Commerce Department Assam is the official issuing authority for this tender, aiming to provide essential insurance services to safeguard assets against a range of risks.
Scope of Work and Objectives
This tender involves the provision of Assets Insurance Services encompassing policies for Standard Fire & Special Perils, Burglary, Money Insurance, and more. The awarded contractor is expected to cover various categories as specified, as well as including coverage for Boiler and Pressure Plants, Marine, Group Personal Accident Policies, and Directors & Officers Liability Policy. The overall objective is to ensure comprehensive risk management for the assets of the department, providing financial protection against potential losses.
Eligibility Criteria
Firms responding to this tender must demonstrate their capability to provide the required insurance services. Eligibility requirements include:
- Being a registered insurance service provider
- Meeting specific licensing and regulatory standards as mandated by government regulations
- Previous experience in providing similar insurance services to governmental or large corporate clients
Technical Requirements
Bidders need to comply with specific technical specifications outlined in the tender documents. This includes but is not limited to:
- An understanding of risk assessment
- Capability to provide customized insurance solutions
- Adherence to quality standards and regulations in the insurance industry
Financial Requirements
Bidders will need to present a financial proposal detailing their pricing models. This includes providing evidence of their capability to cover the required assets efficiently while maintaining competitive pricing.
Document Submission Details
Prospective bidders must submit their bids electronically through the designated online portal. Documents must be complete, accurate, and formatted according to the guidelines provided in the tender.
Special Provisions
This tender may include provisions to enhance participation from Micro, Small, and Medium Enterprises (MSEs) and startups. Specific criteria will be examined to promote fair chances for smaller enterprises, encouraging innovation and competitive pricing.
Evaluation Process
The selection process will involve evaluating the technical and financial bids based on predefined criteria. Key aspects include:
- Compliance with technical specifications
- Financial competitiveness
- Previous performance records
Delivery Locations
The insurance services required will apply across various locations in Assam, where the assets of the Industries and Commerce Department are situated.
Contact Information
For any clarification or inquiries related to this tender, interested parties are encouraged to consult the official web portal or contact the designated help desk indicated in the tender documents.
This tender, 50632423, seeks to ensure that the Industries and Commerce Department equips itself with reliable insurance solutions to protect its assets from various risks effectively.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
6 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- Additional Doc 1 (Requested in ATC)
- Additional Doc 2 (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 for this tender include being a commercially registered insurance service provider with appropriate licenses. Bidders must have prior experience in offering similar services to government entities or large corporations. Additionally, firms must adhere to the regulations set by the local insurance authority and demonstrate their capability to provide comprehensive insurance solutions.
All bidders must present their registration certificates as an insurance provider, valid license documentation, and any necessary regulatory compliance certificates. These documents assure the tendering authority of the firm’s credibility and its ability to provide services in accordance with the prevailing standards and regulations.
To participate in the tender submission, firms should register on the designated online tender portal. During registration, they must provide necessary company details, including official address, contact information, and relevant licensing details. After registration, bidders can access the tender documents and submit their bids electronically by the specified deadline.
Bidders should ensure that all submitted documents adhere to the specified file formats as outlined in the tender guidelines. Commonly accepted formats include PDF, Word Documents, and Excel Sheets. Submissions must be clear and legible, formatted according to the requirements detailed in the tender documents.
Yes, there are dedicated provisions that favor the participation of Micro, Small, and Medium Enterprises (MSEs) in this tender. Such provisions provide opportunities for enhanced consideration in the selection process, aimed at promoting competitive pricing and innovative solutions. Bidders are encouraged to highlight their status as MSEs in their submissions for potential advantages.
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