NA Tender by Ntpc Limited (GEM/2025/B/6150353)
Motor Insurance Service - Backhoe Loader; As per Tender Document
Tender Timeline
Tender Title: Motor Insurance Service for Backhoe Loader
Reference Number: GEM/2025/B/6150353
The Ministry of Power is excited to announce a tender for the Motor Insurance Service specifically designed for a Backhoe Loader as per the tender document specifications. This comprehensive tender aims to secure the necessary insurance services to protect government assets, ensuring optimal functionality and safety in operations.
Scope of Work and Objectives
The primary objective of this tender is to provide a complete motor insurance package that covers different facets of risk associated with operating a Backhoe Loader. The awarded service provider will be responsible for offering robust insurance solutions that address potential liabilities related to machinery operation and accidents, thereby promoting a safer working environment.
Eligibility Criteria
Bidders interested in participating must meet specific eligibility requirements. This includes being a registered entity, possessing the necessary legal licenses, and having prior experience in offering motor insurance services for heavy machinery.
Technical Requirements
Proposals must demonstrate an understanding of the technical specifications specified in the tender documents, including coverage details, claims process, and customer service support. Bidders should provide a clear outline of the insurance coverage offered, including but not limited to:
- Liability coverage
- Collision coverage
- Comprehensive coverage
- Deductible amounts
Financial Requirements
The bidders are required to submit a valid Earnest Money Deposit (EMD), the details of which will be specified in the tender document. The financial proposal should clearly articulate the pricing structure, including premium rates and payment terms.
Document Submission Details
All proposals must be submitted in a single packet format as specified in the tender document. Bidders are required to ensure that all necessary documentation is complete and meets the submission requirements. Digital submissions may be acceptable; however, physical copies must also be provided unless otherwise stated.
Special Provisions
This tender process encourages participation from Micro, Small, and Medium Enterprises (MSEs) and startups, providing them with the opportunity to showcase their offerings and capabilities.
Evaluation Process
The evaluation process will be thorough and is aimed at identifying the most suitable service provider. Proposals will be assessed based on predefined criteria, including technical capability, prior experience, and financial proposal competitiveness. Detailed scoring criteria will be provided in the tender documentation.
Delivery Locations
The insurance services will primarily cover various governmental locations where the Backhoe Loader is operated. Bidders must demonstrate the ability to manage claims and provide services across these locations efficiently.
Contact Information
For any inquiries related to the tender, interested parties may reach out to the official contact mentioned in the tender document. The Ministry of Power encourages open communication to clarify any aspects of the tender process.
It is essential for bidders to thoroughly review the tender documentation for any specific requirements or additional conditions that may apply. Motor Insurance for heavy machinery is pivotal in ensuring the longevity and safety of government assets, and the Ministry of Power is keen to partner with reputable providers to fulfill this need effectively.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
5 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
Corrigendum Updates
Similar Tenders
Frequently Asked Questions
The eligibility requirements include being a registered entity, possessing a valid motor insurance license, and having prior experience in insuring heavy machinery like Backhoe Loaders. Bidders must also comply with the legal and financial criteria stipulated in the tender document.
Bidders must provide valid insurance licenses, and certificates proving prior experience in the motor insurance sector. Additionally, documents showcasing compliance with industry regulations and standards are also necessary for submission.
Bidders are required to submit their proposals in specified formats as mentioned in the tender document. Typically, acceptable document formats include PDF for technical and financial proposals. Physical copies of documents may also be mandated.
The Earnest Money Deposit (EMD) required for this tender will be outlined in the tender document. The EMD serves as a guarantee that the bidder is serious about their proposal and is financially capable of fulfilling the contract obligations if awarded.
Yes, this tender creates supportive measures for Micro, Small, and Medium Enterprises (MSEs) and startups, encouraging them to compete on equal footing. These provisions may include preferential scoring during the evaluation process and assistance in understanding tender requirements to foster their participation in government projects.
Probable Bidders
Get Tender Alerts
Get notifications for similar tenders