Tender Title: Motor Insurance Service - 3 Wheeler
Reference Number: 14acd3a5
Issuing Authority: Ministry of Housing & Urban Affairs (MoHUA)
Scope of Work and Objectives
The purpose of this tender is to procure Motor Insurance Services specifically for three-wheelers. The successful bidder will be responsible for providing comprehensive insurance coverage that meets the requirements outlined by the Ministry of Housing & Urban Affairs. The objectives include ensuring financial protection for the vehicles against damages, theft, and third-party liabilities, and facilitating a smooth claims process to support the operational continuity of services.
Eligibility Criteria
To be eligible for this tender, bidders must be registered and recognized entities. They must also possess expertise and experience in delivering motor insurance services specifically tailored for three-wheelers. Additional criteria may be outlined in the tender documents to ensure that bidders possess the necessary qualifications and capabilities to perform the required services effectively.
Technical Requirements
Bidders are expected to comply with certain technical requirements detailed within the tender documentation. This will include providing insurance policies that adequately cover third-party liabilities, comprehensive coverage, and meeting any specific additional conditions as required by the Ministry. Bidders must also demonstrate their capabilities in handling claims efficiently.
Financial Requirements
The financial proposal must clearly outline all costs associated with the insurance services being offered. Bidders will need to provide comprehensive pricing models, including premium rates, deductibles, and any additional fees. Financial stability and proof of previous successful insurance contracts may also be required.
Document Submission Details
All necessary documents must be submitted along with the tender response. This includes certificates of registration, financial statements, and any other relevant documentation that supports the bid. Bidders must pay attention to formatting, ensuring that all submitted documents are clear, legible, and comply with the specified requirements.
Special Provisions
There are specific provisions for Micro, Small, and Medium Enterprises (MSEs) and startups. These benefits are intended to foster wider participation in public procurement and enhance competitive pricing. Eligible bidders must include the necessary documentation to qualify for these provisions.
Evaluation Process
The evaluation of bids will be conducted based on predefined criteria emphasizing the quality of service, pricing structures, and compliance with all tender requirements. Bids will be assessed to ascertain their completeness and relevance to the objectives of the Ministry of Housing & Urban Affairs.
Delivery Locations
The services outlined in this tender will primarily be required for vehicles operating under the jurisdiction of the Ministry, specifically at designated operational locations which may include various urban centers requiring motor insurance support.
Contact Information
For inquiries regarding the tender, please consult the official documentation which may include further contact details for the Ministry of Housing & Urban Affairs. Bidders are encouraged to seek clarifications as necessary to ensure their proposals meet all tender requirements.
Conclusion
This tender presents an opportunity for qualified entities specializing in motor insurance for three-wheelers to engage with governmental infrastructure projects. Bidders are encouraged to prepare thorough submissions that meet the outlined criteria to ensure consideration for this vital service provision.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
4 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
The eligibility requirements include being a registered entity with relevant experience in providing motor insurance services for three-wheelers. Bidders must demonstrate their capabilities in handling claims and must comply with any additional criteria set forth in the tender documentation. Proof of prior successful contracts in similar services may be necessary to bolster the application.
To comply with submission requirements, bidders must provide certificates of registration, financial stability documents, and any specific licenses related to offering motor insurance services. These documents ensure that the bidder meets the necessary regulatory requirements and possesses the requisite qualifications to deliver the services successfully.
Bidders should carefully review the technical specifications outlined in the tender documentation. These include detailing the extent of coverage provided, and the claims handling process, and ensuring compliance with any quality standards required by the Ministry. High-quality proposals will directly address each aspect of the specifications to demonstrate the bidder’s capability to fulfill the tender’s expectations effectively.
The payment terms will likely be detailed in the tender documents. Typically, they might include milestone payments based on policy activation, user mandates, and any additional criteria agreed upon during the contracting process. Bidders are encouraged to prepare a comprehensive financial model that anticipates these terms in their proposal.
Micro, Small, and Medium Enterprises (MSEs) are encouraged to participate in this tender with dedicated provisions to enhance their competitiveness. Bidders that qualify as MSEs may be eligible for reduced fees, support in claims processing, and incentives designed to promote participation in public procurement projects. These benefits aim to level the playing field in tender submissions for smaller enterprises.
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