Liability Insurance Service - Director and Officer Liability Coverage
Liability Insurance Service - Director and Officer liability coverage
Tender Timeline
Tender Description for 2bf0b0564
Tender Title: Liability Insurance Service - Director and Officer Liability Coverage
Issuing Authority/Department
This tender is issued by the Solar Energy Corporation of India Limited, under the Ministry of New and Renewable Energy.
Scope of Work and Objectives
The primary objective of this tender is to secure comprehensive Liability Insurance Service specifically designed to provide coverage for Directors and Officers of the solar energy sector. The selected insurance provider will be responsible for offering robust protection against legal claims and liabilities that may arise from the decisions or actions taken by the organization's leadership. The coverage is integral to safeguarding the interests of both the directors and the organization they represent, ensuring operational stability and compliance with legal obligations.
General Information
Financial Information
Evaluation and Technical Information
Tender Documents
6 DocumentsDocuments Required from Seller
- Experience Criteria
- Bidder Turnover
- 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
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Frequently Asked Questions
The eligibility requirements include being a registered entity capable of offering liability insurance services. Bidders must demonstrate relevant experience, appropriate licensing, and a strong financial background that assures their capability to provide comprehensive coverage for Directors and Officers within the solar energy sector.
Bidders must submit certifications that validate their licensing to operate within the insurance industry, alongside any qualifications that affirm compliance with technical and financial requirements. These documents play a crucial role during the evaluation process.
The registration process entails submitting required documentation electronically through the designated portal. This includes proof of eligibility, relevant certificates, and technical proposals. Ensure all documents align with submission guidelines to avoid disqualification.
Payment terms for the Liability Insurance Service contract will be outlined in the financial proposal. Bidders should provide a detailed breakdown of the payment schedule, including milestones and any conditions tied to performance or deliverables to facilitate clear understanding and adherence.
Yes, this tender includes provisions that specifically favor Micro, Small, and Medium Enterprises (MSEs). These provisions may allow for preferential pricing or assistance during the bidding process, promoting inclusivity and supporting local economic development through increased participation of startups and established MSEs.
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