Bharat Heavy Electricals Limited CAR & Property Insurance Tender South Delhi Delhi 2026
Bid Publish Date
23-Oct-2026, 3:17 pm
Bid End Date
02-Nov-2026, 3:00 pm
Location
Progress
Key Highlights
- • Multi-peril insurance scope covering CAR, Property Damage, STFI, Earthquake, Theft/Burglary
- • Geographic focus on assets located in South Delhi, Delhi 110016
- • ATC-driven terms with no BOQ items published; policy integration expected
- • Requirement for experience in industrial/assets risk transfer for government procurement
- • Potential emphasis on timely claim settlement and clear coverage schedules
- • No disclosed EMD or bid security amount in provided data
- • No itemized quantities; master policy/renewal approach implied
Tender Overview
Bharat Heavy Electricals Limited (BHEL) invites bids for a comprehensive insurance package covering Contractors All Risk (CAR), Property Damage, Standard Fire & Special Perils (STFI), Storm/Typhoon/Hurricane/Tornado, Flood and Inundation, Earthquake, and Theft/Burglary for assets located in South Delhi, Delhi 110016. The scope includes multi-peril property and construction risk cover, with policy terms governed by the ATC uploaded by the buyer. This procurement seeks a single or consolidated insurer capable of risk transfer across multiple policy lines with prompt claim handling and clear coverage schedules.
Key differentiators include the breadth of perils covered, integration with existing risk management processes, and adherence to BHEL’s contracting standards. There is no BOQ; no itemized quantity schedule is published, suggesting a renewal or master policy procurement approach rather than unit-level tendering. The opportunity targets insurance providers with experience in large-scale industrial asset protection and government procurement alignment.
Technical Specifications & Requirements
- Organization: Bharat Heavy Electricals Limited (BHEL)
- Location: South Delhi, Delhi 110016
- Categories: Contractors All Risk (CAR), Property Damage, STFI Cover (Standard Fire & Special Perils), Earthquake, Theft/Burglary
- Peril coverage scope: Storm, Typhoon, Hurricane, Tornado, Flood and Inundation, Earthquake, Theft/Burglary
- Policy governance: Insurance terms governed by uploaded ATC; no BOQ items published
- Objective: Secure a multi-line insurance solution for assets and ongoing projects under BHEL’s purview within the specified locale
- Claim & service expectations: Timely claim settlement, clear coverage schedules, and alignment with government procurement standards
- Timeframe: Not disclosed in data; ATC governs engagement details
Terms, Conditions & Eligibility
- EMD/ Security deposit: Not disclosed in available data; ATC governs bid security terms
- Experience: Insurer should demonstrate capability in CAR and property risk transfer for large industrial assets (industrial/commercial risk experience preferred)
- Delivery/Effective coverage: Policy activation aligned with contract start (date not provided); renewal or renewal-style procurement implied by lack of BOQ
- Documentation: ATC document governs submission requirements; typical bids require corporate credentials, license, and prior policy references
- Warranties & penalties: Not specified in available data; ATC defines any penalties or service commitments
- Compliance: Must adhere to relevant industrial insurance regulations and government procurement standards
Key Specifications
-
CAR insurance coverage for construction and equipment risk
-
Property Damage and STFI (Standard Fire & Special Perils) coverage
-
Perils: Storm, Typhoon, Hurricane, Tornado, Flood, Inundation, Earthquake
-
Theft/Burglary coverage
-
Geographic scope: assets located in South Delhi, Delhi 110016
-
Policy terms governed by Buyer Uploaded ATC document
-
No BOQ items; master policy procurement indicated
Terms & Conditions
-
EMD and payment terms governed by ATC; exact amounts not disclosed
-
Experience criteria emphasize industrial asset risk transfer for government procurement
-
Delivery/activation aligned to contract start per ATC; no itemized delivery schedule
Important Clauses
Payment Terms
Payment terms to be defined in ATC; no fixed percentages disclosed in available data
Delivery Schedule
Policy activation aligned with contract start date as per ATC; no explicit timeline provided
Penalties/Liquidated Damages
Penalty provisions, if any, will be specified in ATC; not available in current data
Bidder Eligibility
-
Licensed insurer with CAR and property insurance capability for industrial assets
-
Experience in government procurement insurance solutions
-
Financial capacity to underwrite large industrial risk portfolios
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
90 (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
Yes
Startup Exemption/Relaxation
Yes
Bid Splitting Applied
No
Requirements
Experience Required
5 Year (s)
Arbitration Clause
Yes (Arbitration clause document) as per DoE OM No.F.1/2/2024-PPD dated 03.06.2024 Arbitration should not be routinely included in contracts
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Assets Insurance Service - Contractors All Risk (CAR), As per tender; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Earthquake Cover, Theft/Burglary Cover, As per T..
Payment Timelines
Payments shall be made to the Seller within 30 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
South
Delivery Pincodes
110049
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Amit Singh | 110049,BHEL, BHEL House, Siri Fort, New Delhi | South | Delhi | 110049 | Project / Lumpsum Based | - | Total Number of Asset to be Insured (Quantity) : 1 Total Sum Insured for the Assets : 1973300000 |
Authority Records
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Documents 7
GeM-Bidding-10070199.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
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 related to CAR/property insurance for large industrial assets
Financial statements or solvency certificates
EMD/Security deposit documents as per ATC
Technical bid documents and policy compliance attestations
OEM authorizations or insurer licenses (as applicable)
ATC-specific submission checklist
Frequently Asked Questions
Key insights about DELHI tender market
How to bid for CAR and property insurance tender in South Delhi?
Bidders must submit ATC-compliant insurance bids through the designated portal, including corporate credentials, CAR experience, and financial statements. Ensure coverage for CAR, STFI, Earthquake, Theft/Burglary, and Flood per the ATC; attachments should demonstrate prior government sector risk experience and claim settlement capability.
What documents are required for insurance procurement in Delhi?
Required documents include GST registration, PAN card, company financials, CAR/property insurance experience certificates, insurer licenses, ATC checklists, and EMD documents as specified. Ensure policy references for large industrial assets and compliance attestations are provided with the bid.
What are the technical coverage requirements for STFI and Earthquake?
The tender requires Standard Fire & Special Perils plus Earthquake coverage. Policies must detail coverage limits, deductibles, and terms for perils like Flood, Storm and Theft/Burglary, with clear claim procedures and renewal terms aligned to government standards.
When will coverage activation occur for this insurance procurement?
Activation timing is governed by the uploaded ATC; no explicit start date is published. Bidders should confirm policy effective date in the ATC and align bid submission to ensure seamless transition and continuous coverage for South Delhi assets.
What are the EMD requirements for this insurance bid in Delhi?
EMD details are not disclosed in the available data; applicants must refer to the ATC for the exact security deposit amount, mode of payment, and validity period to ensure compliance and acceptance of the bid.
What experience criteria are needed to qualify for this government insurance tender?
Bidders should demonstrate industrial asset risk transfer experience, CAR and property insurance capabilities, and prior engagement with government procurement. Documentation includes relevant project references, insurer licenses, and solvency evidence as per ATC.
What standards or certifications must be met for this Delhi insurance bid?
Standards to consider include government procurement compliance and any organization-specific policy controls in the ATC. Ensure alignment with local insurance regulations, and provide policy terms, coverage limits, and claim handling commitments in the proposal.
How to ensure compliance with the ATC for this tender in Delhi?
Carefully review the uploaded ATC document, implement all stated terms, attach required supporting documents, and ensure claim procedures, coverage specifics, and renewal terms mirror the ATC. Use it as the binding guide for eligibility, submission, and contract execution.