Name: PROVISION OF ASSET INSURANCE POLICY
Start: 2024-03-05
End: 2024-03-15
Location: ANDHRA PRADESH GRAMEENA VIKAS BANK

Organization Details:

Organization Name:

ANDHRA PRADESH GRAMEENA VIKAS BANK

Country:

India

Contact Person:

- -

Address:

GENERAL MANAGER (HR & OPERATIONS), HEAD OFFICE, WARANGAL, H.No-2-5-8/1, Second Floor, Opp: Life Line - -,

Contact Details - Email:

info@apgvb.com

Phone

0870-2577769

Notice Details:

Notice Type

Tender Notice

Bidding Type

Other

Notice No.

79137756

Deadline

2024-03-15

Description

NOTICE INVITING TENDER (NIT)
Name of the work: ASSET INSURANCE POLICY
Sealed tenders are invited for the Asset Insurance Policy IRDA Licensed Insurance companies in two bid
system.
1 Name of the work Asset Insurance Policies
2 Tender Details
For details of RFQ, terms and conditions and other
Information and queries pertaining to the policy,
please collect the detailed Tender Documents from
our appointed Broker M/s. Anand Rathi Insurance
Brokers Limited, M/s Global Insurance Brokers Pvt.
Ltd., and M/s Marsh India Insurance Brokers Pvt. Ltd.,
under intimation to us.
3
Time and last date of
Submission of Tender Up to 3.00 P.M. on 15.03.2024
4
Place & Address for submission of
tender/ contact person/telephone no:
The General Manager (OPS),
Head Office, A P Grameena Vikas Bank,
Ram Nagar, HANMAKONDA – 506001,
Warangal (City & Dist.), Telangana.
5
Date, Time and Place of opening of
tenders (Tech. Bid & Price Bid)
Technical Bid on 15.03.2024 @ 3.30 P.M.
Opening Price Bid will be 15.03.2024 @ 4.00 P.M.
6 In case of any Query Contact Person
Details:
Mr. Sudhakar Meda – AGM, APGVB
email id: cmoperations@apgvbank.in, &
cmpd@apgvbank.in, Mobile No: 9493126209.
1. Mr. Vineeth Singh – AVP, ARIBL
email id: vineethsingh@rathi.com
Mobile: 9133300071.
2. M/s Marsh India Insurance Brokers Pvt. Ltd.,
Email id: lakshmana.thandra@marsh.com
Mobile: 9666098636.
3. M/s Global Insurance Brokers Pvt. Ltd.,
email id: Sridhar.raju@globalinsurance.co.in
Mobile: 9849031109.
ANDHRA PRADESH GRAMEENA VIKAS BANK
(Sponsored by State Bank of India)
HEAD OFFICE: WARANGAL
PLANNING & DEVELOPMENT DEPARTMENT
Asset Insurance Policy from 01.04.2024 to 31.03.2025 page 2 of 3
7
Terms of payment of Bills, if any. Specify
the minimum value of work for
payment of running account bills.
One Single payment
8 Validity period of the tender. 45 Days.
9 Mode of Payment Payment will be made through Electronic mode only
10 Insurance Broker
1. M/s Anand Rathi Insurance Brokers Ltd.,
2. M/s Marsh India Insurance Brokers Pvt Ltd.,
3. M/s Global Insurance Brokers Pvt Ltd.,
Tender Procedure for submission:
Sealed envelopes A & B (as stated below) to be placed in a single cover (sealed)
and super scribed as “Tender for Asset Insurance Policy for APGVB”. The sealed envelope
should be dropped in the tender box placed in the office before the tend er due date and
time. Those who send the tender documents by post, must ensure that the documentsreach
before the prescribed time & date. The Bank will not take any responsibility under any
circumstances for courier/ postal delays.
ENVELOPE ‘A’:
This envelope should contain Technical Bid Only (Annexure-I & II) and super scribed as
Technical Bid for Asset Insurance Policies for APGVB.
ENVELOPE ‘B’:
This envelope should contain the Financial Bid Only (Annexure-III) and super scribed as
Financial Bid for Asset Insurance Policies for APGVB.
Terms and conditions:
1. Technical Bid as per Annexure-I duly signed & stamped by Insurance Company.
2. The technical bid will be opened first; the financial bid will be opened only for those
bidders who have successfully qualify for the technical bid.
3. During the tender opening, one authorized representative of the bidder may be
present.
4. The rate/ Financial /technical offer of the bidder should remain valid for 30 days.
5. The Technical bid and financial bid shall be opened on the same day.
6. Bid which are late/vague/ sent by fax/ sent by email/incomplete/not confirming to
the laid down procedure in any respect will be rejected.
7. It would be the responsibility of the bidder to ensure that all necessary approvals from
their competent authority from Branch/Regional/Head office(s) are in place while
participating in the bidding process and shall be produced, if required by the Bank.
8. In case of differences arising in the terms and conditions of the tender documents
with the firms, the decision of APGVB shall prevail.
Asset Insurance Policy from 01.04.2024 to 31.03.2025 page 3 of 3
9. APGVB reserves the right to modify / change / delete / add any further terms and
conditions prior to tender opening.
10.Arbitration- All dispute and differences which may arise between the APGVB and
the Insurance Company shall be referred to Chairman of APGVB whose decision shall
be binding on all concerned.
11.The Bank reserves the right to cancel or postpone the tenders at any stage without
assigning any reason.
12.The Bank may issue corrigendum to tender Document before due date of submission
of the bid. The bidder is required to read the Tender Document in conjunction with the
corrigendum, if any issued by APGVB.
General Manager (Operations)

Soft Copy

Soft copy

Documents

Download documents

In case you are unable to document the documents, please copy the link and paste it in a new tab.

View ANDHRA PRADESH GRAMEENA VIKAS BANK tenders for free on Global Tenders

Filter Your Search