Evaluation Criteria. Sr. Criterion Points Total Supporting Documents 1 Number of Years Since License given by IRDAI as on 31.03.2023 10 Copy of the IRDAI license along with last renewal receipt copy to be submitted More than 05 years and Up to 08 Years 2 More than 08 years and Up to 12 Years 4 More than 12 years and Up to 16 Years 6 More than 16 years and Up to 20 Years 8 Above 20 Years 10 2 Average Health Premium underwritten in last three financial years 15 Auditor’s Certified Copy > Rs.50 Crores - Rs.250 Crores 2 > Rs.250 Crores - Rs.500 Crores 5 > Rs.500 Crores – Rs.1000 Crores 10 > Rs.1000 Crores 15 3 Average Personal Accident Premium underwritten in last three financial years 5 > Rs.50 Crores - Rs.250 Crores 2 Auditor’s Certified Copy > Rs.250 Crores - Rs.500 Crores 5 4 Average Number of Group Health insurance policies being serviced during in last three financial years 10 Auditor’s Certified Copy More than 50 policies and Up to 100 Policies 2 More than 100 policies and Up to 150 Policies 4 More than 150 policies and Up to 200 Policies 6 More than 200 policies and Up to 250 Policies 8 More than 250 Policies 10 5 Number of Group Health Insurance Policies where the Premium paid is more than INR 1 Crores in last three financial years 15 Auditor’s Certified Copy More than 5 and Up to 10 Policies 5 More than 10 policies and Up to 20 Policies 8 More than 20 policies and Up to 30 Policies 10 More than 30 policies 15 6 Percentage of Claims settled by number to claims lodged (under Group Mediclaim Policies only) for last three financial years 25 Auditor’s Certified Copy More than 85.00% to 90.00% 5 More than 90.00% to 95.00% 10 More than 95.00% to 98.00% 20 More than 98.00% 25 7 Presentation 20 Physical / Digital Presentation to the committee for maximum duration of 15 minutes covering the following aspects: company profile, TPAs, Cashless facility, TAT, digitization, clientele TOTAL 100 − Start-up company should enclose the valid Certificate of Recognition issued by Department for Promotion of Industry and Internal Trade (DPIIT) (erstwhile Department of Industrial Policy and Promotion), Ministry of Commerce & Industry, Govt. of India with the technical Bid. − The Bidder who solely on its own fulfils each Eligibility Criteria condition as per the RFP terms and conditions and who are having Start-up company status, can claim an exemption for eligibility criteria. − If all these conditions are not fulfilled or supporting documents are not submitted with the technical Bid, then all ...
Evaluation Criteria. 2.7.1. Rates:
Evaluation Criteria. 3.1. Tenders will be evaluated on the basis of quoted rates as per the scope of works set out in this tender.
3.2. Part – I, i.e. technical bids will be opened first and evaluated to determine responsiveness to the specifications and whether modifications are necessary. Any clarification / rectification in case of deviations, in the technical bids at this stage, will be called for in writing. The failure to submit the same within the specified time limit may result in rejection of the bid. The evaluation of the bids/proposals will take into account the following factors:
a) Completeness of proposal
b) Experience with similar projects
c) Contractor’s presence at Kolkata and nature of support (direct/indirect) available.
d) Strength and quality of staff
3.3. After the technical evaluation has been completed, the price bids of only technically qualified vendors will then be opened for purpose of evaluation.
3.4. The award of contract will be made to the bidder whose bid has been determined to be the "Highest" in total receipt on Disposal of Shredded Currency Note Briquettes.
3.5. Contractor will adhere to the provisions of Contract Labour Act and similar laws, regulations as per the law of the land and will be fully responsible during the course of the contract for due fulfilment of the requirements of the above stated laws/ Act. Contractor shall maintain all registers as required by the Regional Labour Commissioner and should furnish the same to the Bank or its representative as and when required.
3.6. The contractor shall abide by/fulfil all requirements laid down under the Contract Labour (Regulation and Abolition) Act, 1970 and the rules framed thereunder.
3.7. The contractor shall be liable to pay the amount of GST and hence, possess GST registration certificate.