Name: PROVISION OF BANKERS LOCKER 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.

79137755

Deadline

2024-03-15

Description

NOTICE INVITING TENDER
Name of the work: BANKERS LOCKER INSURANCE POLICY
Sealed tenders are invited for the above mentioned work from Public Sector Insurance companies only
in two bid system.
1 Name of the work Locker Insurance Policy
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:
Place: The General Manager (OPS),
AP Grameena Vikas Bank,
Head Office, 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 @ 4.00pm
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.,
ANDHRA PRADESH GRAMEENA VIKAS BANK
(Sponsored by State Bank of India)
HEAD OFFICE: WARANGAL
PLANNING & DEVELOPMENT DEPARTMENT
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email id: Sridhar.raju@globalinsurance.co.in
Mobile: 9849031109.
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. 30 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 Locker 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, have to 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 Locker Insurance Policy for APGVB.
ENVELOPE ‘B’:
This envelope should contain the Financial Bid Only (Annexure-III) and super scribed as Financial
Bid for Locker Insurance Policy 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
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with the firms, the decision of APGVB shall prevail.
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)

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