General Insurance Corporation Of India Tender

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General Insurance Corporation Of India - GIC Tender

Services
GEM
Opening Date7 Mar 2025
Closing Date28 Mar 2025
Tender Amount₹ 5,00,00,000 
Notes
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Technical Capacity
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The required prior work experience for the bidder is 3 years of providing similar type of services. The experience requirements are as follows: - Three similar completed services costing not less than 40% of the estimated cost, - Two similar completed services costing not less than 50% of the estimated cost, - One similar completed service costing not less than 80% of the estimated cost. The estimated cost is related to the bid value, which is estimated to be 50,000,000 or 2000 Lakh. Additionally, the bidder should have a minimum average annual turnover of 2000 Lakh for 3 years. However, Micro or Small Enterprises and Startups are exempt from the requirement of experience and turnover criteria, subject to meeting quality and technical specifications.

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