Tender Description for Assets Insurance Service - GEM/2025/B/6325874

Assets Insurance Service - All Risk Policy, Money Insurance, Other Insurance Policy as per bid requ

Service
Qty:NaN
EST Bid: ₹2.3 Crore

Tender Timeline

Tender Issue
June 10, 2025 at 11:07 AM

Tender Description for Assets Insurance Service - d9deed5c

The Tender ID d9deed5c pertains to an essential services procurement initiative launched by Petronet MHB Limited, operating under the auspices of the Ministry of Petroleum and Natural Gas. This tender aims to secure high-quality Assets Insurance Services, specifically focusing on comprehensive risk coverage, including All Risk Policy, Money Insurance, and various other insurance policies designed to mitigate asset-related risks.

Scope of Work and Objectives

The central objective of this tender is to procure a comprehensive Assets Insurance Service that encompasses a variety of coverage options tailored to meet the different risk exposures faced by the organization. Key components of this service include:

General Information

Item Category
Assets Insurance Service - All Risk Policy, Money Insurance, Other Insurance Policy as per bid requirement; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Business I..
Department Name
Organisation Name

Financial Information

Estimated Bid Value
₹2,33,64,000.00
Bid Offer Validity
120 (Days)
Arbitration Clause
No
Mediation Clause
No

Evaluation and Technical Information

Evaluation Method
Total value wise evaluation
Inspection Required
No
Technical Clarifications Time
2 Days

Tender Documents

6 Documents
GeM-Bidding-7945970.pdfMain Document
Other DocumentsOTHER
Other DocumentsOTHER FINANCIAL
Other DocumentsOTHER
Other DocumentsOTHER
GEM General Terms and Conditions DocumentGEM_GENERAL_TERMS_AND_CONDITIONS

Documents Required from Seller

  • 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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Assets Insurance Service - All Risk Policy, Fire Insurance, Item A; As mentioned in Section titled

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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

The eligibility requirements include being a registered entity, possessing valid licenses to operate in the insurance sector, and having prior experience with similar insurance services. Bidders must demonstrate their capabilities to deliver comprehensive insurance coverage as specified in the tender document.

To participate in this tender, bidders need to provide certificates that demonstrate compliance with local regulatory guidelines and industry standards. Essential documents include proof of registration, insurance licenses, and any additional certificates related to risk management practices and financial solvency.

Bidders must register on the official procurement platform to submit their bids. The registration process involves providing necessary organizational details, verifying credentials, and setting up an account to facilitate the bid submission. Ensuring all required documentation is prepared prior to registration will streamline this process.

Bidders are typically required to submit their documents in specified formats that may include PDF, Excel, or Word documents. It is critical to adhere to the submission guidelines detailed in the tender to avoid disqualification due to format issues.

Performance security is often mandated to ensure that bidders fulfill their contractual obligations upon selection. The required security amount is generally specified in the tender document, and it may involve guarantees or insurance bonds that affirm the bidder’s commitment to deliver as agreed in the contract terms.

By proactively addressing these aspects, potential bidders can position themselves for success in the evaluation process.

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