Rites Limited Liability Insurance Service Tender Gurgaon Haryana 25% Scope Flexibility 2026
Progress
Tender Overview
Organization: Rites Limited, under the Railways Public Sector Undertakings category, invites bids for Liability Insurance Service - Indemnity insurance in GURGAON, HARYANA. The tender incorporates a 25% quantity/duration adjustment clause for contract modification and a lumpsum scope expansion allowance with provider consent. Emphasizes dedicated service support channels and an escalation matrix. While no BOQ items are listed, the ATC/SOW attachments are to be reviewed for scope details. This opportunity targets insurers offering comprehensive indemnity coverage with flexible contract management and robust post-sale support. The bid is positioned for providers capable of rapid alignment to contract expansions and service demands within the stated jurisdiction.
Technical Specifications & Requirements
- Category: Liability Insurance Service – Indemnity insurance
- Location: Gurgaon, Haryana (122001)
- Adjustable scope: up to 25% increase in contract quantity or duration at bid issue; further 25% post-issue permissible; lumpsum expansions require provider consent
- Service support: dedicated toll-free number and escalation matrix required; OEM/ Bidder to provide contact details
- ATC/SOW: Refer to uploaded buyer documents for detailed scope, certifications and performance criteria
- Standards/Certification: not specified in the data; bidders must align to standard insurance regulatory requirements and any specific ATC/SOW references
- BOQ: No items listed; review BOQ/Award documents for itemized coverage breakdown and limits
- Documentation: Ensure submission of all certificates requested in Bid/ATC/Corrigendum; non-compliance leads to rejection
Terms, Conditions & Eligibility
- EMD/Guarantee: Not disclosed in the provided data; bidders must verify exact amount in bid documents
- Contract flexibility: up to 25% scope/duration adjustment permitted; final acceptance rests on supplier consent
- Service commitment: dedicated toll-free support and an escalation matrix required
- ATC/SOW compliance: submission of all requested certificates and documents; non-submission may lead to rejection
- Documentation review: bidders must consult the uploaded ATC and SOW for exact requirements and penalties
- Tender safety: ensure compliance with all buyer-specified terms and corrigenda, if any, to avoid disqualification
Key Specifications
-
- Product/Service: Liability Insurance Service – Indemnity insurance
-
- Location: Gurgaon, Haryana (122001)
-
- Contract flexibility: 25% quantity/duration adjustment at bid issue; additional up to 25% with consent
-
- Support: dedicated toll-free number; formal escalation matrix
-
- Documentation: upload all certificates listed in Bid/ATC/Corrigendum
-
- BOQ status: No items listed; refer to ATC/SOW for coverage specifics and limits
Terms & Conditions
-
Mandatory escalation matrix and toll-free support must be provided
-
Contract quantity/duration may be adjusted up to 25% at issue and 25% post-issue
-
Submission of all bidder certificates as per ATC/Corrigendum is required
Important Clauses
Payment Terms
Not disclosed in the data; verify in ATC/Corrigendum for any interim/settlement terms
Delivery Schedule
No delivery schedule provided; refer to SOW/ATC for timelines and renewal cadence
Penalties/Liquidated Damages
Not specified; must confirm with ATC/SOW provisions and contract conditions
Bidder Eligibility
-
Experienced liability/indemnity insurance provider
-
Demonstrated capability to handle contract scope expansions
-
Compliance with service support and escalation 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 : 200000000 |
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-10049583.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 registration certificate
PAN card
Experience certificates in liability/indemnity insurance
Financial statements or turnover evidence
EMD deposit proof (as per ATC)
Technical bid documents and insurance product specifications
OEM authorizations (if applicable)
Certificates referenced in ATC/Corrigendum
Frequently Asked Questions
Key insights about HARYANA tender market
How to bid for liability insurance service tender in Gurgaon Haryana 2026
Bidders should prepare standard insurance bids with corporate registration, GST, PAN, and evidence of prior liability/indemnity coverage. Review ATC/SOW for scope, submit all certificates, and provide an EMD as specified. Confirm 25% scope flexibility and dedicated service support requirements in the submission.
What documents are required for indemnity insurance tender in Haryana
Required documents include GST certificate, PAN card, experience certificates in liability insurance, financial statements, EMD proof, technical bid documents, OEM authorizations if applicable, and certificates listed in ATC/Corrigendum. Ensure submissions align with the uploaded SOW for precise items.
What are the technical specifications for the indemnity insurance bidding
While the data lacks explicit specs, bidders must align with standard liability/indemnity insurance practices and comply with ATC/SOW. Prepare coverage limits, premiums, claims handling processes, and regulatory compliance. Ensure service support readiness with a toll-free number and escalation matrix.
When is the delivery/activation timeline for the Gurgaon indemnity contract
The tender data does not specify exact delivery dates. Bidders should refer to the ATC/SOW for activation timelines, ensure readiness to scale within 25% scope adjustments, and align implementation to contract award cadence.
What are the payment terms for the Rites Limited indemnity contract
Payment terms are not disclosed in the provided data. Review ATC for milestones and settlement terms; verify if advance, milestone-based, or post-delivery payments apply, and confirm any performance-based settlements before bid submission.
How to prove eligibility for the Rites Limited liability insurance tender
Establish eligibility by providing prior liability/indemnity insurance experience, valid GST and PAN, financial stability, and certifications listed in ATC. Demonstrate capability to absorb 25% scope expansion and deliver timely support per the escalation matrix.
What is the scope of service support required for this tender
Bidders must provide a dedicated toll-free service line and a formal escalation matrix. Include contact names, phone numbers, response times, and escalation tiers. Ensure 24/7 availability for critical claims and regular follow-ups as per ATC/SOW.
What standards or certifications are mandated for this indemnity bid
The tender data does not list explicit standards; bidders should comply with applicable insurance regulations and provide any stated certifications in ATC/Corrigendum. ISI/ISO alignment is not specified; confirm exact standards in the uploaded documents.