Notice Inviting Quotation for Insurance of AAI Fleet of Aircrafts 2022-2023
Tender Description
Insurance of AAI Fleet of Aircrafts 2022-2023
Tender Specifications & Timeline
13 FieldsAward of Contract (AOC) Details
Awardee / Contractor
THE NEW INDIA ASSURANCE COMPANY LIMITED
Award Date: 19-Sep-2022
Completion Period: 30 Days
Contract Financials & Scope
INR 5,499,983
exclusive of GST
Contract Award Info Updated 19-Sep-2022 05:13 PM by MADAN LAL
Total Bidders
2
Winning Bid (L1)
₹55.00 L
Estimated Value (PAC)
₹70.00 L
Margin vs Estimate
-21.43%
Winning Contractor (L1 - Official Awardee)
Accepted-AOCL1 to L2 Spread
+61.80%
Completion Period
30 days
AOC Award Date
19-Sep-2022
| Rank | Bidder / Contractor | Quoted Bid | Gap vs L1 | vs Estimate | Status |
|---|---|---|---|---|---|
| L1 | ₹55.00 L | 0.0% (L1) | -21.43% | Accepted-AOC | |
| L2 | ₹88.99 L | +61.80% | Rejected | Rejected-AOC |
This airports tender covers notice Inviting Quotation for Insurance of AAI Fleet of Aircrafts 2022-2023, issued by Airports Authority of India under reference AAI/ FIU/ Aircraft/ Insurance/ 2022-23. This work is part of the development of as per tender document Airport — government tender titles use official department terminology rather than the common name. The estimated contract value is ₹0.70 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 ₹55.00 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 as per tender document. 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
techsummary_129935.pdf
finance_129935.pdf
BOQ Comparative Chart
finsummary_129935.pdf
ApprovedAOC.pdf
L1
L2
| Bidder | Submitted On | Status | Fin. Value | Rank | Remarks / Logs |
|---|---|---|---|---|---|
THE NEW INDIA ASSURANCE COMPANY LIMITED #440657 | 04-Jul-2022 04:17 PM | Accepted-AOC Updated: 19-Sep-2022 05:16 PM | 54,99,983.00 | L1 | L1 |
United India Insurance Company ltd #443331 | 12-Jul-2022 12:02 PM | Rejected-AOC Updated: 19-Sep-2022 05:16 PM | 88,98,870.00 | L2 | L2 |
Bid Evaluation Details & Logs
technical bid opening
Date: 02-Aug-2022 04:03 PM
Officer: MADAN LAL
M/s United India Insurance Co. Ltd has added remark in Unconditional acceptance letter.
technical evaluation
Date: 08-Aug-2022 10:03 AM
Officer: MADAN LAL
finance bid opening
Date: 19-Sep-2022 03:30 PM
Officer: MADAN LAL
Financial bids are accepted
finance evaluation
Date: 19-Sep-2022 05:01 PM
Officer: MADAN LAL
About This Procurement Notice
This central government tender was issued by Airports Authority of India. The estimated contract value is ₹70.00 L. Bids must be submitted by 12-Jul-2022 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 2022-2023"?
- The current status of this tender is "Expired". The submission deadline is 12-Jul-2022 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/ 2022-23. It is a central government procurement notice.
- QWhat is the estimated value of this tender?
- The estimated tender value is ₹70.00 L. This is the approximate contract value as disclosed in the official tender document.
- QIs this the as per tender document Airport tender?
- Yes — "Notice Inviting Quotation for Insurance of AAI Fleet of Aircrafts 2022-2023" is the official government tender title covering as per tender document Airport development works. Government tender titles for this sector use official department terminology rather than the site's common name.
- QWho won the contract for this tender?
- The contract for "Notice Inviting Quotation for Insurance of AAI Fleet of Aircrafts 2022-2023" was awarded to THE NEW INDIA ASSURANCE COMPANY LIMITED with an awarded contract value of ₹55.00 L.
- QWhat is the final awarded contract value?
- The final awarded contract value is ₹55.00 L (21.43% below the estimated PAC of ₹70.00 L).