THSTI Department of Biotechnology Liability Insurance Tender Faridabad Haryana 2026 Clinical Trial Insurance 2-Year
Progress
Tender Overview
The Translational Health Science and Technology Institute (THSTI), under the Department of Biotechnology (DBT), invites bids for Liability Insurance Services specifically for Clinical Trial Insurance. The project spans two years, located in Faridabad, Haryana. The estimated contract value is ₹1,345,200 with a total two-year insured sum of ₹4.8 crore (₹2.4 crore per annum). The tender emphasizes flexible scope adjustments up to 50% via ATC. No BOQ items are listed, signaling a service-only insurance engagement rather than goods procurement. This structure targets providers experienced in clinical trial risk coverage and large annual risk limits, with a defined multi-year budget and a clear two-year horizon.
Technical Specifications & Requirements
- Product/Service: Clinical Trial Liability Insurance for THSTI projects
- Estimated Contract Value: ₹1,345,200; Total Sum Insured (2 years): ₹4.8 crore; Annual Sum Insured: ₹2.4 crore
- Contract Duration: 2 years; tender published for the full project span
- Flexibility Clause: ATC allows increase/decrease of contract quantity/duration up to 50% at issue and post-issuance
- BOQ: No line-item quantities; implies service-based engagement without material procurement
- Standards/Specifications: Not specified in tender; relies on standard liability insurance terms and insurer capabilities
- Delivery/Implementation: Delivery is insurance cover across two-year period; no installation
- EMD/Payment/SLA: EMD amount not disclosed; payment terms not specified in available terms
Terms, Conditions & Eligibility
- ATC 50% Clause: Buyer may adjust contract scope by up to 50%, with service provider consent for lumpsum adjustments
- Project Scope: Two-year liability insurance for clinical trial activities; annual coverage ₹2.4 crore
- Contract Value Scope: ₹4.8 crore total for the two-year duration
- BOQ: Not applicable; no itemized goods list
- Documentation: Specific submission requirements not fully detailed in terms; bidders should prepare standard insurance-provider credentials and financials
- Key Risk/Compliance: Requires capacity to underwrite multi-year clinical trial risk with high annual limits
- Other Terms: Upload ATC document referenced; bidders should review for additional conditions
Key Specifications
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Clinical Trial Liability Insurance cover for THSTI under DBT
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Total sum insured over 2 years: ₹4.8 crore; annual: ₹2.4 crore
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Contract duration: 2 years
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ATC flexibility: up to 50% variation in quantity/duration
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No BOQ items; service-based insurance engagement
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Delivery/coverage across project period; no installation requirements
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Documentation to demonstrate insurer capacity and prior experience in clinical trial insurance
Terms & Conditions
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50% quantity/duration adjustment allowed via ATC at bid and post-issuance
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Two-year project with ₹2.4 crore annual sum insured and ₹4.8 crore total
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No BOQ items; service-based liability insurance engagement without physical deliverables
Important Clauses
Payment Terms
Not explicitly defined in available data; bidders should seek clarification on premium payment schedule and renewal terms
Delivery Schedule
Insurance coverage to commence for the 2-year project duration; no on-site installation required
Penalties/Liquidated Damages
Not specified in the provided ATC; bidders should review ATC document for any LD or performance penalties
Bidder Eligibility
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Licensed insurer with capacity to underwrite ₹2.4 crore annual liability risk
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Experience in clinical trial liability insurance or equivalent lines
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Financial stability evidenced by recent financial statements
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
180 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
RA Qualification Rule
H1-Highest Priced Bid Elimination
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
Yes
Startup Exemption/Relaxation
Yes
Bid Splitting Applied
No
Requirements
Experience Required
3 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
Yes
Item Category
Liability Insurance Service - Clinical Trial Insurance
Pre-Bid & Qualification
Pre-Bid Date
11-09-2026 11:00:00
Pre-Bid Venue
THSTI, Faridabad
Delivery Details
Delivery Locations
1
Delivery Cities
Faridabad
Delivery Pincodes
121001
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Manoj Kumar | 121001,NCR BIOTECH SCIENCE CLUSTER, 3RD MILESTONE, FARIDABAD GURGAON EXPRESSWAY, PO BOX NO. 04 | Faridabad | Haryana | 121001 | Project / Lumpsum Based | - | Total Sum Insured : 48000000 |
Authority Records
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Documents 7
GeM-Bidding-9842045.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Other Documents
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GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
1
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Required Documents
GST registration certificate
PAN card
Experience certificates in clinical trial liability insurance or related lines
Financial statements (last 2–3 years) showing solvency
EMD submission document (amount not disclosed in data provided)
Technical bid documents demonstrating insurer capacity and prior similar engagements
OEM authorizations or insurer licenses (IRDAI or equivalent) if applicable
Authorization letters for key personnel or broker (if required)
Frequently Asked Questions
Key insights about HARYANA tender market
How to bid for THSTI clinical trial liability insurance in Faridabad 2026?
Bidders should prepare insurer credentials, GST, PAN, 2–3 year financials, and prior experience in clinical trial insurance. The two-year coverage totals ₹4.8 crore with annual ₹2.4 crore, and a 50% ATC variation may apply. Review uploaded ATC for exact terms and submission requirements.
What documents are required for the liability insurance tender in Haryana?
Submit GST registration, PAN, recent financial statements, experience certificates in clinical trial insurance, and EMD documents if required. Include insurer licenses, authorization letters, and technical bids showing capacity to underwrite ₹2.4 crore per year. Review ATC for any additional documents.
What are the key eligibility criteria for the two-year insurance contract?
Eligibility includes license to operate as an insurer, demonstrated experience in clinical trial liability insurance, and sufficient financial strength. The contract requires capability to provide ₹2.4 crore annual sum insured and maintain coverage across the two-year period.
How is the sum insured structured for the two-year THSTI contract?
The annual sum insured is ₹2.4 crore, resulting in a total Sum Insured of ₹4.8 crore for the two-year duration. Bidders must offer coverage that maintains this annual limit throughout the project and comply with ATC adjustments if applicable.
When can contract scope be adjusted under the ATC clause for this tender?
Under the ATC clause, contract quantity or duration can be increased or decreased by up to 50% at the time of issue, and post-issuance adjustments remain possible within the same 50% limit, with the service provider’s consent for lumpsum changes.
What is the location and organization associated with this insurance tender?
The tender is issued by Translational Health Science and Technology Institute (THSTI) under the Department of Biotechnology, located in Faridabad, Haryana. It seeks clinical trial liability insurance with two-year coverage terms and high annual limits.