Procurement of Cashless Insurance Services

Tender Detail

30107075
Package 24
Yes Asian Development Bank ADB
Procurement of Cashless Insurance Services
ICB
Southern Asia
BRIC,G20,South Asian Association for Regional Cooperation (SAARC)
21-07-2020

Work Detail

Tenders are invited for Procurement of Cashless Insurance Services in Five Districts of Madhya Pradesh 1 India hereinafter called Borrower has received financing from the Asian Development Bank toward the cost of Madhya Pradesh District Roads II Sector Project Part of this financing will be used for payments for the contract named below Bidding is open to Bidders from eligible source countries of ADB 2 M P Road Development Corporation Limited MPRDC a fully owned Company of the Government of Madhya Pradesh under Companies Act 1956 invites sealed bids from eligible Bidders for the Procurement of Cashless Insurance Services by appointment of insurer to provide Cashless Insurance Services in five districts of Madhya Pradesh namely Bhopal Indore Rewa Satna and Chhindwara These districts have not been covered by the National Health protection Scheme Ayushman Bharat Scheme or any other Government sponsored Operated Health Insurance Scheme in Madhya Pradesh 3 Open Competitive Bidding National Advertisement will be conducted in accordance with ADB s Single Stage Two Envelope bidding procedure and is open to all bidders from eligible source countries 4 Only eligible Bidders with the following key qualifications should participate in this bidding Financial Situation Requirement Not been excluded from participation in the tender by the appropriate regulatory authority by virtue of having a claims experience net incurred claims ratio for the said portfolio exceeding 90 percent for the consecutive four half years by the appropriate regulatory authority in the country of incorporation In the financial year prior to the submission of its bid the Bidder has maintained its solvency ratio in full compliance with the requirements laid down by the appropriate regulatory authority in the country of incorporation Contractual Experience Requirement The Bidder shall have experience in a conducting health insurance business in the three 3 financial years immediately prior to the deadline for submission of the bid OR b in conducting general insurance business in the five 5 financial years immediately preceding the deadline for submission of the bid by way of handling projects with the State Central Government undertakings or PSUs on Tender MoU nomination basis Valid registration granted to carry on general insurance or health insurance business Also submission of the renewal certificates annual fee payment acknowledgment receipts by the appropriate regulatory authority in the country of incorporation for the period of three 3 years or for a period of five 5 years as may be applicable to the Bidder under point A hereinabove For the complete eligibility and qualification requirements Bidders should refer to the Bidding Documents 5 To obtain further information and inspect the Bidding Document Bidders should contact the office of Managing DirectorM P Road Development Corporation Ltd 45 A Arera Hills Bhopal Madhya PradeshIndiaPin 462 011Telephone 91 755 2527 244 210 290 2765205Facsimile 91 755 2572643Email mdmprdc mp nic in or procu mprdc mp gov in6 To purchase the Bidding Documents Bidders shall Write to address above requesting the Bidding documents for Cashless Insurance Services in five districts of M P Pay a non refundable fee of INR 50 000 Rupees fifty thousand only or USD 850 US Dollars Eight Hundred Fifty only in the form of demand draft in favor of Managing Director Madhya Pradesh Road Development Corporation Limited payable at any Scheduled Bank in Bhopal Madhya Pradesh India If the Bidding Document is desired by courier post an additional sum of INR 1 000 for the dispatch of the Bidding Document anywhere in India or USD 100 for overseas delivery The employer shall promptly dispatch the Document by Courier Post but under no circumstances will it be held responsible for late delivery or loss of documents so mailed The Document shall be available for sale during office hours IST 10 30 hours to IST 17 30 hours from 20 May 2020 to 20 July 2020 The Document is also available on the following website www mprdc gov in In case the Bidder submits the downloaded document it should be accompanied with a Demand Draft of INR 50 000 Rupees fifty thousand only or USD 850 US Dollars Eight Hundred Fifty only in favor of Managing Director Madhya Pradesh Road Development Corporation Limited payable at any Scheduled Bank in Bhopal Madhya Pradesh India In case of any discrepancy between the documents downloaded by the prospective Bidder and the Bidding Documents hard copy issued by MPRDC the latter shall prevail 7 Deliver your Bid To the address above On or before the deadline 21 July 2020 12 30 hours IST Together with a Bid Security as per Clause 19 of ITB and Bid Data Sheet of the Bidding Document Technical Bids will be opened on 21 July 2020 at after 12 30 hours IST in the presence of Bidders representatives who choose to attend whereas the Financial Bids shall remain sealed and unopened and shall be placed locked The Financial Bids of only Technically Responsive and Qualified Bidders shall be opened after Technical Bid Evaluation whereas the Financial Bids of those Bidders whose Technical Bids are not responsive and qualified shall be returned unopened after the contract is awarded In the event of the specified deadline for submission of bids being declared a Government Holiday the next official working day would be deemed as the last day for the physical submission of bids 8 A Pre bid meeting will be held at the Office of Managing Director M P Road Development Corporation Ltd 45 A Arera Hills Bhopal M P on 15 June 2020 at 11 30 hours Pre bid queries to be submitted by 11 June 2020 at 11 30 hours

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