Contract|अनुबंधंध

Contract|अनुबंधंध

Contract No|अनबुुबंधंध Иमांकंक: GEMC-511687755120989 Contract Generated Date|अनुबुबंधंध ितिथ : 07-Jun-2023

Bid/RA/PBP No.|बोली/आरए/पीबीपी सं:ं:या: GEM/2023/B/3380569

Organisation Details|संगंगठन िववरण Type|GVप : Central PSU Ministry|मं7ालय : Ministry of Power Department|xxxxx : Hydro Power Organisation Name|संगठन का नाम : North Eastern Electric Power Corporation Limited Office Zone|काया’लय Vे7: Contracts and Procurement department shillong		Buyer Details|खरीदार िववरण Designation|पद : DGM C Contact No.|संपक’ नंबर : 0364-2228747- Email ID|ईमेल आईडी : xxxxxxx.xxxxxx@xxx.xx GSTIN|जीएसटbआईएन : - Brookland Compound, Lower New Colony, Shillong,
		Address|पता :	EAST KHASI HILLS, MEGHALAYA-793003, India
Financial Approval Detail|िवUीय iवीकृृ ित िववरण IFD Concurrence|आईएफडी सहमित : Designation of Administrative Approval| Gशासिनक अनुमोदन का पदनाम: Designation of Financial Approval| िवUीय अनमु ोदन का पदनाम :	No CGM(E/M), i/c C&P GM(Finance)	Paying Authority Details|भुगुगतान Gािधकरण िववरण Role: PAO Payment Mode| Internet Banking भुगतान का तरीका: Designation|पद : DGM Finance Email ID|ईमेल आईडी : xxxxx.xxxxxx@xxx.xx
		GSTIN|जीएसटbआईएन : Address|पता:	17AAACN9991J1ZT Brookland Compound, Lower New Colony, Shillong, East Khasi hills, MEGHALAYA-793003, India
Consignee Details|परेिेिषती िववरण
X.Xx| И.सं.ं.	Consignee Name & Address|परेिेिषती नाम & पता	Service Description|सेवेवा िववरण
1	Contact|संपक’ : 364-2308503- Email ID|ईमेल आईडी : xxxxxxxx.xxxxxx@xxx.xx GSTIN|जीएसटbआईएन : - Address|पता : Brookland Compound, Lower New Colony, Shillong, EAST KHASI HILLS, MEGHALAYA-793003, India	Assets Insurance Service - SFSP BLUS Policy; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Terrorism Cover, Earthquake Cover, Theft/Burglary Cover; Mandatory
Service Provider Details|सेवेवा Gदाता िववरण GeM Seller ID|जेम िवИे ता आईडी : Z78F220005711763 Company Name|कं पनी का नाम : UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITED Contact No.|संपक’ नंबर : 07045684720 Email ID|ईमेल आईडी : xxxxxx.xxxxx@xxxxxxxxxxxxxx.xxx Xxxx 000, 0xx Xxxxx,Xxxxxxx Xxxx,Xxxxxxx XXXX Xxxx,Xxxxxx Xxxxx Andheri East, Address|पता : Mumbai, MAHARASHTRA-400093, - MSME verified|एमएसएमई सxयािपत : No MSME Registration number|एमएसएमई पंजीकरण सं:या : - GSTIN|जीएसटbआईएन: 00XXXXX0000X0X0
*GST / Tax invoice to be raised in the name of|िजसके नाम के पV म{ GST/TAX इनवॉइस पेश िकया जाएगा - Buyer
Service Details|सेवेवा िववरण
Service Start Date (latest by)|सेवेवा Gारंभंभ िदनांकंक (नवीनतम) : 20-Jun-2023 Service End Date|सेवेवा समाित ितिथ : 20-Jun-2024
Category Name|‚ेणेणी नाम : Assets Insurance Service
Billing Cycle|िबिलंगंग चИ : yearly
Description|िववरण				Number of assets to be insured	Total Premium ( in INR)
Risk Inspection (Assessment) Report of assets to be provided by Buyer	No
Type of Risk Coverage	Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Terrorism Cover, Earthquake Cover, Theft/Burglary Cover
List of Insurer from where	Acko General Insurance Ltd., Agriculture Insurance Company of India Ltd., Xxxxj Allianz General Insurance Co. Ltd, Bharti AXA General Insurance Co. Ltd., Cholamandalam MS General Insurance Co. Ltd., Edelweiss General Insurance Co. Ltd., ECGC Ltd., Future Generali India Insurance Co.

insurance to be taken(can indicate multiple service providers)	Ltd., Go Digit General Insurance Ltd., HDFC ERGO General Insurance Xx.Xxx., ICICI LOMBARD General Insurance Co. Ltd., IFFCO TOKIO General Insurance Co. Ltd., Kotak Mahindra General Insurance Co. Ltd., Liberty General Insurance Ltd., Magma HDI General Insurance Co. Ltd., National Insurance Co. Ltd., Raheja QBE General Insurance Co. Ltd., Reliance General Insurance Co. Ltd., Royal Sundaram General Insurance Co. Ltd., SBI General Insurance Co. Ltd., Shriram General Insurance Co. Ltd., Tata AIG General Insurance Co. Ltd., The New India Assurance Co. Ltd., The Oriental Insurance Co. Ltd., United India Insurance Co. Ltd., Universal Sompo General Insurance Co. Ltd.	1	115171
Premium Payment Options	Single Premium
Re-insurance Arrangement	Mandatory
Type of Asset Insurance Policy	SFSP BLUS Policy
Total Amount (Formula)|कुु ल रािश (सू7ू7) : (Total Premium ( in INR))
Total Value without Addons |ऐडऑन केे िबना कुु ल मू‡ू‡य (INR)		115171
Total Addon Value|कुु ल एडऑन मू‡ू‡य (INR)		0
Total Value Including Addons|ऐडऑन सिहत कुु ल मू‡ू‡य (INR)		115171
Additional Details|अितिरKत जानकािरया
Deductible (if any) : AS per the Terms and Conditions of ATC. ` Total Sum Assured (INR) : 516050394.49 ` Type of Assets : Standard Fire and Special Perils/ Bharat Laghu Udyam Suraksha Insurance policy for the Assets of NEEPCO H.Q. Complex, Shillong, Corporate Affairs Office, New Delhi and Coordination Office, Kolkata, for a period of 1(one) year w.e.f. 00.00.00 Hours of 21.06.2023. ` Details of Co-Insurance (if applicable) : Not applicable `
Amount of Contract|अनुबु ंधंध कŠ रािश
Total Contract Value Including All Duties and Taxes|सभी शु‡‡ु क और करT सिहत कुु ल अनुबबु ंधंध मू‡ू य (INR)		115171
Price Break up offered|म‡ू‡ू य िवभाजन कŠ पेशेशकश कŠ : Price Break up offered Document link|GाइṆ ेकेक अप ऑफ़र िकए गए दiतावेṆेṆ िलंकंक
SLA Details|एसएलए िववरण
Asset Insurance SERVICE STC SPECIAL TERMS AND CONDITIONS FOR 1. Preamble All contracts related to Asset Insurance placed through GeM shall be governed by the following set of Terms and Conditions: 1. General terms and conditions for Goods and Services II. Service STC contained in this document III. BID / Reverse Auction specific ATC The above terms and conditions are in reverse order of precedence i.e. ATC shall supersede Service specific STC which shall supersede GTC, whenever there are any conflicting provisions. This document represents the Special Terms and Conditions (STC) and the Service Level Agreement (SLA) governing the contract between the Government/Buyer and Agency/Service Provider. The purpose of this document is to outline the scope of work, stakeholders’ obligations and terms and conditions of all services covered as mutually understood by the stakeholders. 2. Objectives and Goal The objective of this document is to ensure that all the special terms and conditions are in place to ensure consistent delivery of services to the Buyer by the service provider. The goal of this document is to: Provide clear reference to service ownership, accountability, roles and responsibilities of both parties Present a clear, concise and measurable description of services offered to the Buyer Establish terms and conditions for all the involved stakeholders, it also includes the actions to be taken in case of failure to comply with conditions specified To ensure that both the parties understand the consequences in case of termination of services due to any of the stated reasons This document will act as a reference document that both the parties have understood the above-mentioned terms and conditions and have agreed to comply by the same. 3. Stakeholders The main stakeholders associated with this agreement are: Buyer:The Buyer/ Client is responsible to provide clear instructions, approvals and timely payments for the services availed as per the contractual terms Service Provider:The service provider is responsible to provide all the required services in timely manner and to the satisfaction of Buyer or its authorized representative. The service provider may also include seller, supplier/bidder/contractor, any authorized agents, permitted assignees, successors, and nominees as per the context and as described in the document. The responsibilities and obligations of the stakeholders have been outlined in this document. The document also encompasses payment terms and Deductions in case of non- adherence to the defined terms and conditions. 4. Service Scope

The Service Provider to provide insurance of Buyer’s Assets.

5. Standard Terms and Conditions for Insurance

The terms and conditions of insurance cover and the policies, warranties and clauses need to be strictly in line with the provisions and notifications issued by IRDA from time to time.

The Service Provider must agree with all the Terms and Conditions specified in the bid document by the Buyer. The policy issued by the Insurer must be compliant with the T&C of the bid document.

Fair disclosure of material features relating to the risks should be disclosed by the Buyers to the insurers to enable them understand the risks and quote appropriate terms.

The Buyer reserves the right to reject the tender / bid if the proposal of the bidder mentions exceptions, conditions or special conditions that are not aligned with the Terms and Conditions as specified by the Buyer in the Bid document.

During pre-qualification and evaluation of the bid, the Buyer may, at its discretion, ask bidders for clarifications on their proposal. The respondents are required to respond within the time frame prescribed by the Buyer.

Insurer should clearly indicate the list of ‘Exclusions and Assumptions’ in the proposal they submit to Buyer.

Once an insurance has been awarded (policy has been purchased) for a given period, the insurance company shall have no right to unilaterally terminate the operation of the policy during this period.

In case there is an addition during the contract (policy) period, the coverage would be extended without any reservation. The Buyer will intimate all such new additions to the Insurer periodically. Additional premium, if any, due to such inclusion may be advised to Buyer periodically. Similarly, for separations the Buyer will inform the Insurer and the premium to be paid by Xxxxx would be pro-rated/ recalculated.

In case of foreclosure of the policy/contract, the premium on pro rata basis should be refunded

No insurer shall assume any risk in India in respect of any insurance business unless and until the due insurance premium is paid in advance before the commencement of Risk date/time.

Insurance companies may offer Add-on covers as per IRDA guidelines in-addition-to the coverage sought in this Tender. No weightage will be given to such Free Add-on covers during bid evaluation. However, any such Add-Ons indicated in proposal by Xxxxxx must mandatorily be offered to all the insured.

The bidders (Service Providers) must not divulge personal information of the insured to any external party, without the consent of the Buyer

In case of any grievances, Buyer may file complaints either with the concerned Insurance Company or with Insurance Regulatory and Development Authority (IRDA). The details of the Insurance Ombudsman for all jurisdictions must be clearly indicated by the Service Provider, where necessary.

Before the end of contract, the Insurer must give a detailed report with the statistics of the insurance claimed during the period

The Buyer may at its sole discretion and at any time during the evaluation of proposal, disqualify any bidders, if the bidder makes any misleading or false representations in the forms, statements and attachments submitted in proof of the eligibility requirements or if the bidder fails to provide related clarifications sought by Buyer within the stipulated timelines.

Service Provider must keep confidential any information received from or about Buyer because of or in connection with the submission of the bid response. The Buyer will also not disclose the information provided by Bidder in a response other than to its affiliates or to its professional advisors, unless required otherwise by any provisions of law.

Whilst all reasonable care has been taken by Xxxxx when providing information in this bid document, the figures, documents and details are presented in good faith. Bidders indemnify Buyer from any claims, liabilities or costs that may arise due to this. Bidders may seek additional information where deemed necessary but the decision to provide any additional details will be the sole discretion of the Buyer.

More than one bid from the same bidder shall disqualify the bidder from participation in the bid.

6. Standard Terms and Conditions for Asset Insurance

The Buyer must inform the Insurer in the event of movement (change in location) of any of the insured assets

The insurance Company shall appoint a surveyor immediately on receipt of claim(s) intimation from Buyer and shall coordinate for immediate settlement of claim If an item is added or the scope of coverage (sum insured) is increased during the policy period, the proportionate premium for the unexpired period of insurance will be paid to the Insurer.

If an item is removed from the coverage or its coverage (sum insured) is decreased during the policy period, the proportionate premium for the unexpired period of insurance will be refunded by the Insurer to the Insured.

If any ongoing modernization activity of Buyer results in capacity addition during the period of insurance, pro-rata premium will be paid for the unexpired period of insurance for the additional value of the augmented capacity.

Insurance Company to furnish a declaration stating compliance with all guidelines of Tariff Advisory Committee of IRDA. The Buyer (Insured) will not be responsible in case of any non-compliance by the Insurer with the guidelines of the regulator.

The insurance Service Provider shall submit to the Buyer a statement of “Claims Pending for Settlement with reasons” and “Claims Settled in the previous month” in the first week of every month. The details must be provided in the format specified by the Buyer.

In case the Contract is terminated for any reason, the Insurance Service Provider shall be under obligation to refund pro-rata premium for the un-expired period apart from settling all pending claims

7. Service Formula

The following formula will be used to calculate the value of this contract.

Total Contract Value = Total Premium quoted by service provider.

8. Payment Schedule

The Payment Procedure shall be as specified in the General Terms and Conditions of GeM. Payment schedule to be as per payment terms specified in bid document.

9. SLAs and Deductions

X.Xx. SLA Deduction

Settlement of all claims by Service Provider within 30 days

1.

Interest at the rate of 20% p.a. on the delayed claim

from the date of submission of complete documents by amount the Buyer.
Additional Required Data/Document(s) : Buyer|अितिरKत आवsयक डेटेटा/दiतावेṆेṆ: खरीदार 1. Buyer to specify the Service Provider must have a Solvency Ratio more than YYY% : 150% 2. Details for Assets to be insured : click here 3. Scope Inclusions/Exclusions : click here Additional Data/Document(s) : Seller|अितिरKत डेटेटा/दiतावेṆेṆ : िवИेे ता 1. Certificate (Requested in ATC) : click here 2. Documentary Proof Against Solvency Ration Requested By Buyer : click here 3. Certificate From Authorized Signatory On Company’’s Letter Head, With Details Summarized As Xxx Xxxxx'x Requirement : click here 4. Copy Of Irda License And Its Renewals Over The Period May Be Provided : click here 5. Certificate From Authorized Signatory On Company’’s Letter Head, With Details Summarized As Xxx Xxxxx'x Requirement : click here 6. Valid Proof Of Last Three Years Claim Settlement Ratio Should Be Attached Authenticated By Xxxx Xx Published By The Insurance Company : click here ePBG Detail | ईपीबीजी िववरण
Advisory Bank | सलाहकार ब क क :	NA
ePBG Percentage(%) | ईपीबीजी Gितशत (%) :	NA
Terms and Conditions|िनयम और शत““ 1. General Terms and Conditions- 1.1 This contract is governed by the General Terms and Conditions, conditions stipulated to this Product/Service as provided in the Marketplace. 1.2 This Contract between the Seller and the Buyer, is for the supply of the Goods and/ or Services, detailed in the schedule above, in accordance with the General Terms and Conditions (GTC) unless otherwise superseded by Goods / Services specific Special Terms and Conditions (STC) and/ or BID/Reverse Auction Additional Terms and Conditions (ATC), as applicable 2. Buyer Added Bid Specific Terms and Conditions- 2.1 Certificates: Bidder's offer is liable to be rejected if they don't upload any of the certificates / documents sought in the Bid document, ATC and Corrigendum if any. 2.2 Buyer Added Bid Specific ATC: Buyer uploaded ATC document Click here to view the file . 2.3 Generic: In case the bidder is not able to furnish its audited financial statements on standalone entity basis, the unaudited unconsolidated financial statements of the bidder can be considered acceptable provided the bidder furnishes the following further documents on substantiation of its qualification: • Copies of the unaudited unconsolidated financial statements of the bidder along with copies of the audited consolidated financial statements of the Holding Company. • A certificate from the CEO/CFO of the Holding Company as per the format enclosed in the bid documents stating that the unaudited unconsolidated financial statements form part of the consolidated annual report of the company. • In case where audited results for the last financial year as on the date of Techno Commercial Bid Opening are not available, the financial results certified by a practicing Chartered Accountant shall be considered acceptable. In case, Bidder is not able to submit the Certificate from practicing Chartered Accountant certifying its financial parameters, the audited results of three consecutive financial years preceding the last financial year shall be considered for evaluating the financial parameters. Further, a certificate would be required from the CEO/CFO as per the format enclosed in the bidding documents stating that the financial results of the Company are under audit as on the date of Techno-Commercial Bid Opening and the Certificate from the practicing Chartered Accountant certifying the financial parameters is not available. Note: (i) Other income shall not be considered for arriving at annual turnover.
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