Tender Details

About Tender

๐Ÿ”’ Secure Your Bid For Hydro Power's Assets Insurance ๐Ÿ”’ Hydro Power, Under The Ministry Of Power, Is Seeking Bids For The Renewal Of Its Industrial All Risk (Iar) Insurance Policy. ๐Ÿ—๏ธ๐Ÿ”’ ๐Ÿ—“๏ธ Deadline: May 13, 2024, 2:00 Pm Bidders Must Offer A Comprehensive All Risk Policy That Covers The Diverse Assets Under Hydro Power's Purview. Interested Insurance Service Providers Should Submit Their Bids, Including Detailed Terms And Conditions, By The Specified Deadline. Keywords: Assets Insurance, Hydro Power, Ministry Of Power, All Risk Policy, Industrial All Risk Insurance, Renewal Bid
Particulars Details
Title
Assets Insurance Service All Risk Policy, Renewal Of Industrial All Risk Iar Insurance Policy For
Description
Organisation Hydro Power | Ministry of Power
Tender Id GEM/2024/B/4879849
Reference
Number
-
Tender Fee -
EMD -
Tender Value 2 Crore
Place
Link
View Original Tender Notice

https://bidplus.gem.gov.in/all-bids

Start Date April 22, 2024 19:34
End Date
Expired 13/05/2024

Expired 831 days ago

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Award of Contract & Bid Results

Awarded Contractor / Winner

THE ORIENTAL INSURANCE COMPANY LIMITED

Contract Value

26654962

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: Lakhs Experience with Gov. Required: Years Project Experience Required: No
Buyer Name: Kamal Kumar Das
Ministry: Ministry Of Power
Department: Hydro Power
Organisation: North Eastern Electric Power Corporation Limited

Technical Evaluation Results

S.No. Seller Name Participated On MSE/MII Status Status
1 NATIONAL INSURANCE COMPANY LIMITED 13-05-2024 13:20:43 N/A Qualified
2 THE NEW INDIA ASSURANCE COMPANY LIMITED 13-05-2024 17:23:32 N/A Qualified
3 THE ORIENTAL INSURANCE COMPANY LIMITED 14-05-2024 10:50:12 N/A Qualified
4 UNITED INDIA INSURANCE COMPANY LIMITED 13-05-2024 12:04:35 N/A Qualified

Financial Evaluation Results

S.No. Seller Name Offered Item Total Price Rank
1 THE ORIENTAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - All Risk Policy, Renewal of Industrial All Risk IAR Insurance Policy for 26654962.00 L1
2 NATIONAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - All Risk Policy, Renewal of Industrial All Risk IAR Insurance Policy for 28983945.07 L2
3 THE NEW INDIA ASSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - All Risk Policy, Renewal of Industrial All Risk IAR Insurance Policy for 30710367.00 L3
4 UNITED INDIA INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - All Risk Policy, Renewal of Industrial All Risk IAR Insurance Policy for 32822125.00 L4

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Assets Insurance Service - All Risk Policy, Renewal of Industrial All Risk IAR Insurance Policy for the Assets of Khandong StageII Power Station 23 MW KhPSII Umrongso Assam for a period of 1one year wef 000000 Hours of 19062024; Property Damage Cover.. Assets Insurance Service 1 โ‚น 26654962.000
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