Tender Details

Particulars Details
Title
Assets Insurance Service Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse
Description
Organisation POWER GRID Corporation OF INDIA Limited | Ministry of Power
Tender Id GEM/2024/B/5238125
Reference
Number
-
Tender Fee -
EMD -
Tender Value 2 Crore
Place
Link
View Original Tender Notice

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

Start Date August 05, 2024 23:39
End Date
Expired 16/08/2024

Expired 737 days ago

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Award of Contract & Bid Results

Awarded Contractor / Winner

THE NEW INDIA ASSURANCE COMPANY LIMITED

Contract Value

552552360.23

Tender Status: active
Additional Information: Average Turn Over of Last 3 Years: Lakhs Experience with Gov. Required: Years Project Experience Required: No
Buyer Name: Ashish Chaturvedi
Ministry: Ministry Of Power
Department: Power Grid Corporation Of India Limited
Organisation: Power Grid Corporation Of India Limited

Technical Evaluation Results

S.No. Seller Name Participated On MSE/MII Status Status
1 BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED 16-08-2024 18:58:47 N/A Qualified
2 FUTURE GENERALI INDIA INSURANCE COMPANY LIMITED 16-08-2024 17:24:59 N/A Qualified
3 GO DIGIT GENERAL INSURANCE LIMITED 16-08-2024 18:12:45 N/A Disqualified
4 HDFC ERGO GENERAL INSURANCE COMPANY LIMITED 16-08-2024 18:51:27 N/A Qualified
5 ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED 16-08-2024 18:09:14 N/A Qualified
6 IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED 16-08-2024 17:43:20 N/A Qualified
7 RELIANCE GENERAL INSURANCE COMPANY LIMITED 16-08-2024 17:55:01 N/A Qualified
8 SBI GENERAL INSURANCE COMPANY LIMITED 16-08-2024 17:30:46 N/A Qualified
9 TATA AIG GENERAL INSURANCE COMPANY LIMITED 16-08-2024 17:47:47 N/A Qualified
10 THE NEW INDIA ASSURANCE COMPANY LIMITED 16-08-2024 17:41:13 N/A Qualified
11 THE ORIENTAL INSURANCE COMPANY LIMITED 16-08-2024 17:40:38 N/A Disqualified
12 UNITED INDIA INSURANCE COMPANY LIMITED 16-08-2024 18:01:13 N/A Disqualified

Financial Evaluation Results

S.No. Seller Name Offered Item Total Price Rank
1 THE NEW INDIA ASSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse 552552360.23 L1
2 ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse 560500001.65 L2
3 BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse 579852378.00 L3
4 HDFC ERGO GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse 659266121.45 L4
5 TATA AIG GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse 814459910.21 L5
6 IFFCO-TOKIO GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse 819070032.22 L6
7 RELIANCE GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse 854989119.16 L7
8 SBI GENERAL INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse 858947565.23 L8
9 FUTURE GENERALI INDIA INSURANCE COMPANY LIMITED Item Categories : Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional,Asse 996715591.70 L9

Ordered Items & Contract Pricing

Service Category Name Ordered Quantity Price
Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional Assets Insurance Service 1 ₹ 221001652.410
Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional Assets Insurance Service 1 ₹ 3875977.650
Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional Assets Insurance Service 1 ₹ 32071347.810
Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional Assets Insurance Service 1 ₹ 8452612.030
Assets Insurance Service - Mega Risk Insurance; MBD (Machinery breakdown) Cover; Optional Assets Insurance Service 1 ₹ 112710842.730
Assets Insurance Service - Mega Risk Insurance; Business Interruption (Loss of Profit) Cover; Optional Assets Insurance Service 1 ₹ 35265359.290
Assets Insurance Service - Mega Risk Insurance; Business Interruption (Loss of Profit) Cover; Optional Assets Insurance Service 1 ₹ 45464696.780
Assets Insurance Service - Mega Risk Insurance; Earthquake Cover; Optional Assets Insurance Service 1 ₹ 71788639.960
Assets Insurance Service - Mega Risk Insurance; Terrorism Cover; Optional Assets Insurance Service 1 ₹ 14444399.930
Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional Assets Insurance Service 1 ₹ 1766714.770
Assets Insurance Service - Mega Risk Insurance; Standard Fire & Special Perils Cover; Optional Assets Insurance Service 1 ₹ 2845162.940
Assets Insurance Service - Mega Risk Insurance; Earthquake Cover; Optional Assets Insurance Service 1 ₹ 1840263.100
Assets Insurance Service - Mega Risk Insurance; Theft/Burglary Cover; Optional Assets Insurance Service 1 ₹ 601090.760
Assets Insurance Service - Mega Risk Insurance; THIRD PARTY LIABILTY; Optional Assets Insurance Service 1 ₹ 118000.000
Assets Insurance Service - Mega Risk Insurance; Terrorism Cover; Optional Assets Insurance Service 1 ₹ 305600.070
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