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| # | Company | Amount | Rank | Status |
|---|---|---|---|---|
| 1 | 1₹12.2 CrAccepted-AOC | ₹12.2 Cr | 1 | Accepted-AOC L1 |
| 2 | 2₹13.5 CrRejected-AOC ICICI LOMBARD HOUSE 414 VEER SAVARKAR MARG NEAR SIDDHIVINAYAK TEMPLE 887 MUMBAI MAHARASHTRA 400025 | MUMBAI | MAHARASHTRA | 400025 | ₹13.5 Cr | 2 | Rejected-AOC L2 |
| 3 | 3₹13.5 CrRejected-AOC | ₹13.5 Cr | 3 | Rejected-AOC L3 |
| 4 | 4₹14.5 CrRejected-AOC DEHRADUN | UTTARAKHAND | 248001 | ₹14.5 Cr | 4 | Rejected-AOC L4 |
Tender Value
Refer Docs
Closing Date
5 Feb 2022, 11:00 amClosed
A K Goyal/Executive Director/ Works
C-4, Saket, New Delhi-110017
Providing CAR and WCP for Design Supply Construction of Track related Works on Design-Build Lump Sum basis for Double Line High Speed Railway Km 156 and Vadodara Km 393 in the State of Gujarat and the Union Territory of Dadra and Nagar Haveli
2022_IRCON_102375_1
IRCON/CO/T2/2022/Insurance/01
Limited
Consultancy
2798 days
C-4, Saket, New Delhi-110017
Please refer Tender documents.
2 documents required · 2 mandatory
₹5,000
Yes
Ircon International Limited
Exempted
9 Sept 2022
19 Jan 2022
7 Feb 2022
19 Jan 2022
5 Feb 2022
29 Jan 2022
Amount
SCHEDULE-A
Contractors All Risk Insurance Cover: 1. Project Period- 2068 days TBA (Actual Execution period is 1673 Days & Balance Period is for Testing, Integrated Trials etc.,) 2. Defect Liability Period- 730 days 3. Deductables Other than wet works AOG/Collapse / EMP/ Major Perils– 10% of the claim amount subject to minimum INR 6 Lakhs Other Claims – 5% of the claim amount subject to minimum INR 1.5 lakhs DE excess – 5 times AOG excess For Wet Works AOG/Collapse / EMP/ Major Perils– 10% of the claim amount subject to minimum INR 75 Lakhs Other Claims - 10% of the claim amount subject to minimum INR 22.5 lakhs DE excess – 5 times AOG excess Terrorism Excess- 37,50,000/- 4.Bidders may offer a list of all applicable cover under this CAR policy available free of cost. Full replacement cost of project contract awardedvalue of Rs.4200 crores
Add on covers (IRCON reserves the right to choose only required add on cover and tenderer has no entitlement of claim in this regard).
STFI- Full Sum Insured
Terrorism and Sabotage -SI 2250 Cr
Earthquake (Fire & shock)- Full Sum Insured
Third Party Liability including cross liability & also during Ext. maintenance period- INR 750,000,000 AOA
Contractual liability- INR 250,000,000 AOA
Debris Removal including foreign debris- over & Above the standard policy limit INR 250,000,000
Dewatering expenses- INR 50,000,000 AOA
Temporary civil works (temporary roads, temporary lighting, construction power distribution network, fabrication and erection yard, temporary staging, cost of material handling at site, etc.) - 50 Crore (incl. in project sum insured)
Owners surrounding property - Above 10% of policy SI with FLEXA risks
Contractor Plant & Machinery - 10 Crore
Leased equipment rental costs- INR 50,000,000 AOA
Offsite Storage cover - Covered with no sub-limits
Errors & omission clause
Escalation 20% of sum insured
Design Defect Cover - DE 3 Cover
Testing cover clause
Waiver of subrogation clause
Additional Custom Duty
Accidental loss to valuable records / documents- INR 50,000,000 AOA
Multiple Insured clause
Non-vitiation clause
Loss Payee clause
Public Authorities clause
Cessation of works- 3 Months
Waiver of Contribution clause
Loss Minimization Expenses
Professional Fees Clause
Expediting Costs - Cover Of Extra Charges For Overtime, Night Work, Work On Public Holidays, Express Freight incl. Air Freight
Temporary repairs
Temporary Removals
50/50 clause
72 hrs. clause
Automatic Reinstatement clause
Claim preparation costs
Nominated loss adjustor clause - Names TBA by us
Lenders Name/Bank Hypothecation- TBA
Free Issue Material
Amendment in Fire Fighting wordings
No control clause -This Policy shall not be affected by failure of the Insured to comply with any provisions of this Policy (including the warranties or Conditions endorsed hereon) in any portion of the premises over which the Insured has no control.
SCHEDULE-B
Workmen compensation Insurance No of Workers- 400 Wages per month per employee- 30000 Medical Extension- 1 lac per incident
SCHEDULE-C
Professional Indemnity Insurance Project Period in Months- 2068 days Defect Liability Period in Months- 730 days ERP (Post DL Period)-1825 days Policy Period in Months- 4623 days Limit of Indemnity (AOY) -36 Crore AOA:AOY- 1:1
Territory & Jurisdiction- India
Coverage for Mitigation & Rectification cost Sub-limited to INR 25% of LOI
Additional Insured - Contractors & Sub Contractors ( incl. Consultant)
Professional enquiries/ consultation cost
Loss of Document/data
Defamation incl. libel & slander
Fraud & dishonesty of employees
Vicarious liability arising from action of insured/or its agents/or its subcontractors; joint venture- sub-limited to INR 25% of LOI
IPR Infringement cover excl. patents & trade secrets- Infringement of IPR – excluding patent and copyright
Defense cost
Waiver of Subrogation
Attendance cost- Witness Attendance – INR 50,000 per director and INR 25,000 per employee
Extended claims reporting period – 90 days
Breach of confidentiality covered
Outstanding Fees Endorsement
Crisis Management & Public Relations
SCHEDULE-D
Marine Insurance Policy Period-2068 Interest / Commodity- All kinds of items related to project (Rails, Turnouts, Expansion Joints, Moulds for Track slab, Synthetic Sleepers, Track Fastenings, Enclosed Arc Welding equipment/Solvent, Polymer Emulsion for CAM, Track Machinery) and other items/terms related to project. Total Sum Insured- INR 3000 CR ( 1000 Cr Indigious goods & 2000 Cr Imported from Japan & other countries) Voyage- Anywhere in India to Project Site Trail End Risk - Covered All Risk Cover Mode of Conveyance- Multimodel Excess:- 1 % of consignment value subject to a minimum of Rs 25,000/- for each & every claim
Brand Clause
Clean Up / Segregation Cost And Removal Of Debris Charges- Actual
Container, Trailer Demurrage Clause
Basis of Valuation-Invoice value(Inco Terms) +15%
Per Sending Limit & Per Bottom Limit- 100 Cr
Debris Removal Clause
Deemed Duty Clause
Deliberate Damage - Pollution Hazard Clause
Deviation Clause
Duty Draw Back Cover
Duty Insurance Clause
Express Freight Clause
Extension of Duration Clause- 15 Days
Institute Replacement Clause
Intact Seal Clause
Institute Replacement Clause
Intact Seal Clause
Pollution And Clean Up Clause
Refused Or Return Shipment Clause- Covered under ICC-B/ITC-B perils only.
Repacking Clause
Shutout Cargo Clause- Covered for 7 Days
Pair & Set Clause
Predispatch Survey at Port for All Risk Cover - Applicable - Else covered on ITC(B)+SRCC+TPND
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