Rites Limited Liability Insurance Service Tender Gurgaon Haryana 2026 Indemnity Insurance
Progress
Key Highlights
- • Dedicated/toll-free support channel requirement for bidders
- • Escalation Matrix submission mandatory for post-sale support
- • Contract quantity/duration can be adjusted up to 25% at award and post-award
- • No BOQ items; emphasis on insurer capability and coverage terms
- • Indemnity insurance scope for railway-sector PSU procurement
- • ATC and SOW attachments indicate additional technical/legal terms
- • Location-specific procurement in Gurgaon, Haryana
Tender Overview
Organization: Rites Limited — procuring Liability Insurance Service (Indemnity insurance) for operations in GURGAON, HARYANA. No BOQ quantity data or estimated value disclosed. Tender features a broad service scope with optional quantity/term adjustments up to 25% and a requirement for dedicated support channels. This procurement emphasizes service continuity and a defined escalation matrix for post-award support. The absence of technical specifications suggests a focus on insurance coverage terms, compliance, and vendor capability rather than product hardware. The tender context aligns with railway-sector procurement under PSU oversight, seeking a reliable insurer capable of managing indemnity risk for the organization.
Technical Specifications & Requirements
- Product/Service: Liability Insurance Service (Indemnity insurance) for Rites Limited.
- Location: Gurgaon, Haryana 122001.
- Scope Notes: Service continuity with option to increase scope up to 25%; post-award adjustments allowed within that threshold.
- Support Requirements: Dedicated/toll-free telephone support and a formal Escalation Matrix for service issues.
- Documentation: An ATC and SOW are uploaded; bidders must review attachments for conditions.
- Standards/Compliance: Not explicitly specified; bidders should demonstrate standard liability underwriting capabilities and regulatory compliance.
- BOQ: No line-item quantities or values available; emphasis on service capability and terms.
- Experience: Emphasis on demonstrated insurance service delivery to similar entities and ability to scale.
Terms, Conditions & Eligibility
- EMD/Financials: Not disclosed in data; bidders should verify tender terms for security deposit requirements.
- Delivery/Timeline: Not specified; contract duration subject to 25% variation at issue and prior to issuance.
- Payment Terms: Not disclosed; bidders must confirm payment mechanics in ATC/SOW.
- Documentation: GST, PAN, company registration, insurance license, and prior indemnity insurance experience likely required per standard tender norms.
- Clause 25%: Buyer may modify contract quantity or duration up to 25% during issuance and post-award.
- Support: Dedicated support and escalation contact details required from bidders/OEMs.
- Risk/Compliance: Ensure alignment with sector-specific liability coverage and regulatory requirements for railway PSUs.
Key Specifications
-
Liability Insurance Service for Rites Limited (Indemnity insurance)
-
Location: Gurgaon, Haryana
-
Contract scope with 25% quantity/duration flexibility
-
Dedicated toll-free support requirement
-
Escalation Matrix for service support
Terms & Conditions
-
25% scope/duration variation allowed at award and post-award
-
Dedicated toll-free support and escalation matrix mandatory
-
ATC/SOW attachments govern additional terms and conditions
Important Clauses
Payment Terms
Not disclosed in data; bidders must refer to ATC/SOW for payment schedule and invoicing requirements
Delivery Schedule
Not specified; contract duration subject to 25% adjustment at issue
Penalties/Liquidated Damages
Not specified in provided data; recommend reviewing ATC for LD clauses
Bidder Eligibility
-
Experience in providing indemnity liability insurance to large organizations, preferably in the rail/PSU sector
-
Demonstrated capability to handle scalable coverage and policy administration
-
Valid insurance license and compliance with local regulatory requirements
Tender Data
Bid Details
Quantity
1
Bid Type
Single Packet Bid
Bid Validity
120 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Liability Insurance Service - Indemnity insurance
Payment Timelines
Payments shall be made to the Seller within 45 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)
Delivery Details
Delivery Locations
1
Delivery Cities
Gurugram
Delivery Pincodes
122001
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Himanshu Chandra Lal | 122001,Plot No.1, Sector-29, Gurgaon | Gurugram | Haryana | 122001 | Project / Lumpsum Based | - | Total Sum Insured : 651164793 |
Authority Records
BID & GeM Expert Consultancy
End-to-end support — bid preparation, GeM registration, document filing & compliance by industry experts.
Free consultation · 24h response
Documents 8
GeM-Bidding-9859509.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
1
🤖 AI-Powered Bidder Prediction
Discover companies most likely to bid on this tender
Required Documents
GST certificate
PAN card
Company registration documents
Insurance broker/Company license
Previous indemnity insurance experience certificates
Technical bid documents and OEM authorizations (if applicable)
Any dedicated support contact details and escalation matrix
Frequently Asked Questions
Key insights about HARYANA tender market
What documents are required for the liability insurance tender in Gurgaon?
Bidders should prepare GST certificate, PAN card, company registration, insurance license, previous indemnity insurance experience certificates, and technical bid documents with ATC/SOW attachments. These items verify legal eligibility, regulatory compliance, and prior capability to deliver scalable indemnity coverage for Rites Limited.
How can bidders participate in the indemnity insurance bid in Haryana 2026?
Participation requires submitting the technical bid with necessary licenses, financial stability proofs, and prior project experience. Verify ATC/SOW attachments for scope, and ensure dedicated toll-free support capability and an escalation matrix. The 25% quantity/duration variation clause may affect pricing and scope during award.
What are the minimum eligibility criteria for indemnity insurance tenders in Gurgaon?
Minimum criteria include a valid insurance license, prior indemnity insurance delivery to large organizations, and evidence of scalable policy administration capabilities. Commercial clarity, GST registration, and financial statements are typically required to support financial viability and compliance with regulatory norms.
What are the technical specifications for the indemnity insurance service in this tender?
Specific technical parameters are not listed; bidders must rely on ATC/SOW, demonstrating coverage terms, policy limits, claims handling procedures, and regulatory compliance. Emphasis is on service continuity, dedicated support, and escalation processes rather than hardware specifications.
When is the bid submission deadline for the Gurgaon indemnity insurance tender?
Exact submission deadlines are not disclosed in the available data. Bidders should review the ATC document and the SOW attachment for the final due date, submission format, and envelope labeling requirements to ensure timely participation.
How is payment terms structured for the indemnity insurance contract in Haryana?
Payment terms are not specified in the basic data; bidders must consult the ATC/SOW for invoicing schedules, milestone payments, and any advance or installment payments tied to policy issuance, premium payments, or claim settlements as applicable.
What is the impact of the 25% contract variation clause on bids in Gurgaon?
The buyer can increase or decrease contract quantity or duration up to 25% at issue and post-award. Bidders should build pricing flexibility, capability to scale policy limits, and potential changes in service levels into their financial models.
What support and escalation requirements should bidders confirm for this tender?
Bidders must confirm a dedicated toll-free service line and provide an escalation matrix with contact numbers. Ensure alignment with service-level expectations, response times, and clear responsibility assignment for policy administration and claim support.