Notice Inviting Quotation for Insurance of AAI Fleet of Aircrafts 2020-2021
Tender Description
Insurance of AAI Fleet of Aircrafts 2020-2021
Tender Specifications & Timeline
13 FieldsAward of Contract (AOC) Details
Awardee / Contractor
THE NEW INDIA ASSURANCE COMPANY LIMITED
Award Date: 01-Sep-2020
Completion Period: 1 Days
Contract Financials & Scope
INR 4,142,692
Rs. 41,42,692, is exclusive of GST at 18 percent
Contract Award Info Updated 01-Sep-2020 01:39 PM by MADAN LAL
Total Bidders
1
Winning Bid (L1)
₹41.43 L
Estimated Value (PAC)
₹29.26 L
Margin vs Estimate
+41.58%
Winning Contractor (L1 - Official Awardee)
Accepted-AOCCompletion Period
1 days
AOC Award Date
01-Sep-2020
| Rank | Bidder / Contractor | Quoted Bid | Gap vs L1 | vs Estimate | Status |
|---|---|---|---|---|---|
| L1 | ₹41.43 L | 0.0% (L1) | +41.58% | Accepted-AOC |
This airports tender covers notice Inviting Quotation for Insurance of AAI Fleet of Aircrafts 2020-2021, issued by Airports Authority of India under reference AAI/FIU/ Aircraft/Insurance/2020-21. The estimated contract value is ₹0.29 Cr, and the tender is currently Expired. Following contract finalisation, the work was awarded to THE NEW INDIA ASSURANCE COMPANY LIMITED for a total value of ₹41.43 L.
This procurement is part of ongoing efforts by central government agencies and public sector undertakings to maintain and upgrade public infrastructure and services in O/o EXECUTIVE DIRECTOR (FIU). Vendors interested in similar opportunities can browse other tenders from the same issuing organisation below.
Tender Documents
Download official tender documents, technical specifications, schedules, and BOQ files
technical_55218.pdf
techsummary_55218.pdf
BOQ Comparative Chart
finsummary_55218.pdf
POofAircraftinsuranceforyear202021.pdf
single bid received, hence negotiated and new quote received from bidder, price is inclusive of GST at the rate of 18 percent
| Bidder | Submitted On | Status | Fin. Value | Rank | Remarks / Logs |
|---|---|---|---|---|---|
THE NEW INDIA ASSURANCE COMPANY LIMITED #178413 | 09-Jul-2020 01:11 PM | Accepted-AOC Updated: 01-Sep-2020 01:39 PM | 41,42,692.00 | L1 | single bid received, hence negotiated and new quote received from bidder, price is inclusive of GST at the rate of 18 percent |
Bid Evaluation Details & Logs
technical bid opening
Date: 06-Aug-2020 03:07 PM
Officer: MADAN LAL
Technical bid downloaded for evaluation
technical evaluation
Date: 06-Aug-2020 03:13 PM
Officer: MADAN LAL
finance bid opening
Date: 01-Sep-2020 12:34 PM
Officer: Nitin prakash
Bids downloaded for evaluation
finance evaluation
Date: 01-Sep-2020 01:11 PM
Officer: MADAN LAL
About This Procurement Notice
This central government tender was issued by Airports Authority of India. The estimated contract value is ₹29.26 L. Bids must be submitted by 23-Jul-2020 02:00 PM.
BiharInfraTales aggregates procurement notices from Bihar eProcurement, GeM portal, and central government tender portals. Data is refreshed every 30 minutes. Always verify details on the official portal before submitting a bid.
Frequently Asked Questions
- QWhat is the status of the tender "Notice Inviting Quotation for Insurance of AAI Fleet of Aircrafts 2020-2021"?
- The current status of this tender is "Expired". The submission deadline is 23-Jul-2020 02:00 PM. This information is sourced from official government procurement portals.
- QWho issued this central government tender?
- This tender was issued by Airports Authority of India. The reference number is AAI/FIU/ Aircraft/Insurance/2020-21. It is a central government procurement notice.
- QWhat is the estimated value of this tender?
- The estimated tender value is ₹29.26 L. This is the approximate contract value as disclosed in the official tender document.
- QWho won the contract for this tender?
- The contract for "Notice Inviting Quotation for Insurance of AAI Fleet of Aircrafts 2020-2021" was awarded to THE NEW INDIA ASSURANCE COMPANY LIMITED with an awarded contract value of ₹41.43 L.
- QWhat is the final awarded contract value?
- The final awarded contract value is ₹41.43 L (41.58% above the estimated PAC of ₹29.26 L).