Industries And Commerce Department Tender

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Industries And Commerce Department Tender

Services
Finance And Insurance Sectors
Eprocure
Opening Date18 Mar 2024
Closing Date5 Apr 2024
Tender Amount₹ 69,31,592 
This is an estimated amount, exact amount may vary.
Notes
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Costs

Description

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BOQ Items

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DO_NOT_SHOW

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Earthquake Premium

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Add On Premium

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Designation Of Property Clause

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Local Authority Clause

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Reinstatement Value Clause

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Architects, Surveyors and Consulting Engineer's Fees upto 7.5% of the claim amount maximum of INR 5 Crs each & every loss and in aggregate

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Debris removal clause upto 10% of claim amount subject to a maximum of INR 5 Crs each & every loss and in aggregate

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72 hours clause

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Claim Preparation Cost Upto 5 crore

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Forest Fire

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Leakage & Overflowing maximum of INR 5 Crores for each and every loss

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Leak Search Costs INR 5 Crores for each and every loss.

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Exploratory Cost INR 5 Crores for each and every loss.

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Shut Down/Start up Cost INR 5 Crores for each and every loss

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Expediting expenses including express freight and airfreight INR 5 Crores for each and every loss.

1

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Loss Minimization Expenses INR 5 Crores for each and every loss

1

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Escalation @ 5% (5% of the Value of Fixed Assets other than Stocks)

1

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Omission to Insure addition, alteration and extension (5% of the Value of Fixed Assets other than Stocks)

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Immediate Repairs INR 5 Crores for each and every loss.

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Civil Authority Clause INR 10 Crores for each and every loss.

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Extinguishing Expenses/ Firefighting expense- 5% of Sum Insured subject to Maximum of Rs. 5cr.

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Involuntary betterment / Technological improvement-5% of Sum Insured subject to Maximum of Rs. 5cr.

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Obsolete equipment / spare parts- 5% of Sum Insured subject to Maximum of Rs. 5cr

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Decontamination and cost of clean up-5% of Sum Insured subject to Maximum of Rs. 5cr.

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Temporary Removal for repair/ refurbishment-5% of Sum Insured subject to Maximum of Rs. 5cr.

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Goods held in Trust-Upto 5 cr

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OEM part-Upto Rs. 5cr.

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On Account Payments Upto 70% on surveyors recommendation

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Auditors fees- Upto INR 5 Cr.

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Additional increased cost of working- Upto INR 5 Cr.

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Extension to cover Customers’ premises @20% of BI sum insured on named basis

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Extension to cover loss due to accidental failure of Public utilities @17% of BI sum insured- upto INR 5 Cr.

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Prevention of Access 28 days over & above policy excess- upto INR 5 Cr.

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Machinery Breakdown

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Fire Loss of Profit

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Machinery Loss of Profit

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Control of Damaged Property

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Expiration

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Minor works/Property in course of construction Up to INR 5 Crs

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Primary & Non-contributory

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Margin Clause

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Automatic Capital Addition without additional premium Up to INR 5 Crs

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Deliberate Damage Up to INR 5 Crs

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Automatic Reinstatement without additional Premium Up to INR 5 Crs

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Offsite Premises Up to INR 5 Crs

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Impact Damage due to Insured’s own Rail/Road Vehicles, Fork lifts, Cranes, Stackers and the like and articles dropped therefrom - Inbuilt Cover under IAR

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Unrepaired Damage - Up to INR 5 Crs

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Restoration of Record, Plans & Documents Up to INR 5 Crs

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Land Stabilization Cost Up to INR 5 Crs

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Landscaping Costs following Damage Up to INR 5 Crs

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Leakage of Firefighting Equipment/Accidental of Gas Flooding System Up to INR 5 Crs

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Demolition & increased cost of construction Up to INR 5 Crs

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Destruction of Sound Property Up to INR 5 Crs

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Cost of Clearing of Drains Up to INR 5 Crs

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Crane, Fire Brigade Up to INR 5 Crs

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Employee Personal Property/Effects Up to INR 5 Crs

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Additional Expenses of Rent for Admin Block Only Up to INR 5 Crs

1

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Sprinkler Upgrading Cost Up to INR 5 Crs

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Dismantle costs Up to INR 5 Crs

1

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Accidental Damage Cover Up to INR 5 Crs

1

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Foreign/Indian Experts Visits Expenses Up to INR 5 Crs

1

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Outbuilding Clause Up to INR 5 Crs

1

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Green Clause Up to INR 5 Crs

1

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Supplier's Premises Extension for named Supplier Up to 20% of BI Sum Insured for FLEXA Perils & AOG Perils

1

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Overhaul/Maintenance/Shut Down - Up to INR 5 Crs

1

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Delay in Repair Up to INR 5 Crs

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Alternative Basis Clause

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New Unit Clause

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Nominated and Adjuster Clause

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Delayed Indemnity Period up to 6 months

1

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Aggravation Clause

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Unoccupancy Clause Up to 30 Days

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NON-INVALIDATION CLAUSE

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NON - VITIATION CLAUSE

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Additional Custom Duty

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Rent for Alternative Equipments

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Replacement from Spares

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Smoke Damage

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Damages to Underground Services

1

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Inhibition Costs/Damage by Emergency Services

1

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Accidental Discharge of Gas Flooding Systems

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Dewatering Expenses

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Decontamination and Cost of Clean Up Expense

1

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PLI Act Policy

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Annual Premium

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Commercial General Liability Policy

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Basic Premium

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Defense Cost - Full Policy Limit

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General Liability

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Completed Operation Cover

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Personal and Advertising Injury Cover - Up to 50% of LOI

1

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Medical Expenses Cover - Up to INR 5 Lakhs per person

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Damage to Premises Rented to Insured - Full Policy Limit

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Fire Damage - Up to 50% of LOI

1

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Act of God Perils Extensions – Full Policy Limit.

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Food & Beverages Extension – Full Policy Limit

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72 Hours Sudden and Accidental Pollution Extension including clean up expenses - Full Policy Limit

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Terrorism Legal Liability Extension – Up to 50% of LOI

1

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Cross Liability

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Tenant Legal Liability

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Effluent Discharge Extension: upto 15 kms

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Evacuation Expenses - Up to 50% of LOI

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Cover for Contractors and Sub-Contractors

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Non-owned Hired Automobile Liability Extension – Up to 50% of LOI

1

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Additional Insured Clause

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Waiver of Subrogation where required by Contract

1

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Travel of executive for non manual work. - Up to 50% of LOI

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Property under care, custody, and control cover – Up to INR 5 Crs.

1

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No designated premises (“All premises leased, owned, rented and occupied by the Insured will be covered under this Policy

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Claim Series Clause

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Coverage for minor/civil work repair and renovation – Up to 50% of LOI

1

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Control Group Clause

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Transportation Legal liability extension including Pipeline - Full Limit

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Incidental medical malpractice extension - Up to 50% of LOI

1

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Non-Cancellable Clause

1

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Mitigation Expenses, Cleaning costs – Up to INR 5 Crs.

1

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Tools and Equipment including Cranes & forklift Extensions – Up to INR 5 Crs

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Valet Parking coverage – Up to INR 5 Crs.

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Garage Keepers Liability Coverage – Up to INR 5 Crs.

1

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Primary & Non – Contributory

1

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Extended Reporting Period - 90 days at Nil Premium and for 365 days 50% of Annul Premium.

1

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Technical Colaborators Extension

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Standalone Terrorism Policy

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Basic Premium - Property Damage

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Business Interruption

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Omission to Insure addition, alteration and extension (5% of the Value of Fixed Assets other than Stocks)

1

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Escalation @ 5% (5% of the Value of Fixed Assets other than Stocks)

1

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Removal of Debris up to Rs. 5 Crs.

1

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Architects' Surveyors & Consulting Engineers' fees up to Rs. 5 Crs.

1

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Expediting Expenses (including Air Freight & Express Freight up to Rs. 5 Crs.

1

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Terrorism Legal Liability up to Rs. 26 Crs.

1

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Plans, Documents & Computer Records up to Rs. 5 Crs

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Fire Fighting Expenses up to Rs. 5 Crs

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Changes in Values and Automatic Additions up to Rs. 5 Crs.

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Loss / damage caused by measures taken to prevent, suppress or control actual or potential terrorism or sabotage up to Rs. 5 Crs.

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Public Authorities Clause

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Demolition & Increased Cost of Construction up to Rs. 5 Crs.

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Departmental Clause

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Counter Insurgency Clause

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Directors & Officers Liability Insurance

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Basic Premium

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Investigation costs – Full Limit

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Outside entity directors cover (as per form)

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New subsidiaries cover – 35% of the assets

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Pollution Defense Cost Cover – Full Limit

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Kidnap Response Cover - Limit up to Rs. 2Crs

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Spouses, heirs & Representative cover - Full Limit

1

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Regulatory crisis response costs – Full Limit

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Emergency costs -Limit up to Rs. 2Crs

1

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Insured Vs Insured Defense Cost

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Extended Reporting Period - 90 days at Nil Premium and for 365 days 50% of Annual Premium.

1

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Retired and Resigned Director’s discovery period – Lifetime

1

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Special excess protection for non-executive directors – Rs. 20,000,000 per non-executive director over and above limit of Liability

1

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Assets and liberty costs extension including prosecution costs, bail bond and civil bond expenses, damage to reputation - Full Limit

1

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Future occurring Private Placement

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Major Shareholder exclusion up to 25%

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Entity Security Cover and Entity EPLI cover full Limit within India

1

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Public Relations Expenses - Full Limit

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Psychological Support Expenses cover 50 Lakhs per director, 1 Cr in aggregate

1

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Order of Payment Clause

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Tax liability Extension up to 50% of LOI

1

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Occupational Health and Safety Costs- Defense Costs and Legal Expense

1

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Corporate Manslaughter Cover

1

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Bodily Injury/ Property Damage - Defense Costs and Legal Expense

1

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Management Buy-outs extensions-60 days

1

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Automatic Run-off extension – 30 days for any subsidiary ceasing to be a part of the parent company

1

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No Insolvency Bankruptcy exclusion

1

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Pre-investigation Cost - 10% of LOI

1

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Insured Definition to include Temporary/consultant/contractual employee

1

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Definition of Insured amended to include Members of Statutory committees who may not be Directors & Officers - eg. POSH Committee

1

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Mitigation costs - 10% of LOI

1

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Primary & Non-Contributory

1

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Cover for Fines & Penalties where not insurable by law - 50% of LOI

1

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Crisis Management Cover - 50% of LOI

1

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Interpretive Counsel costs - 10% of LOI

1

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Advancement of Defence Cost - Within 30 days

1

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UK Bribery and US FCPA Cover - 10% of LOI

1

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Counseling Extension - INR 1,000,000 Per Insured Person and INR 10,000,000 in aggregate

1

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Witness Cover (Reasonable travel cost and living expenses) - INR 10,000,000 per individual and in aggregate

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