Notice Inviting Quotation for Insurance of AAI Fleet of Aircrafts 2023-2024
Tender Description
Insurance of AAI Fleet of Aircrafts 2023-24
Tender Specifications & Timeline
13 FieldsTotal Bidders
2
Lowest Bid (L1)
₹48.92 L
Estimated Value (PAC)
₹60.00 L
Margin vs Estimate
-18.47%
Lowest Bidder (L1) · Award pending
Accepted-FinanceL1 to L2 Spread
+43.19%
Completion Period
30 days
| Rank | Bidder / Contractor | Quoted Bid | Gap vs L1 | vs Estimate | Status |
|---|---|---|---|---|---|
| L1 | ₹48.92 L | 0.0% (L1) | -18.47% | Accepted-Finance | |
| L2 | ₹70.05 L | +43.19% | Rejected-Fin | Rejected-Finance |
This airports tender covers notice Inviting Quotation for Insurance of AAI Fleet of Aircrafts 2023-2024, issued by Airports Authority of India under reference AAI/ FIU/ Aircraft/ Insurance/ 2023-24. This work is part of the development of as per tender Airport — government tender titles use official department terminology rather than the common name. The estimated contract value is ₹0.60 Cr, and the tender is currently Expired. Under financial bid evaluation, The Oriental Insurance Co. Ltd. DO3 Jhandewalan, New Delhi emerged as the lowest (L1) bidder with a quoted bid amount of ₹48.92 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. 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_168083.pdf
techsummary_168083.pdf
finance_168083.pdf
BOQ Comparative Chart
finsummary_168083.pdf
L2
L1
| Bidder | Submitted On | Status | Fin. Value | Rank | Remarks / Logs |
|---|---|---|---|---|---|
THE NEW INDIA ASSURANCE COMPANY LIMITED #560971 | 06-Jun-2023 11:53 AM | Rejected-Finance Updated: 13-Jul-2023 11:29 AM | 70,04,561.00 | L2 | L2 |
The Oriental Insurance Co. Ltd. DO3 Jhandewalan, New Delhi #558608 | 06-Jun-2023 11:13 AM | Accepted-Finance Updated: 13-Jul-2023 11:29 AM | 48,91,658.00 | L1 | L1 |
Bid Evaluation Details & Logs
technical bid opening
Date: 08-Jun-2023 03:43 PM
Officer: Nitin prakash
Bid opened on 08-06-2023 by bid opening committee members
technical evaluation
Date: 29-Jun-2023 09:53 AM
Officer: Nitin prakash
finance bid opening
Date: 13-Jul-2023 11:22 AM
Officer: Nitin prakash
Bid opening summary 02 nos of bid received
finance evaluation
Date: 13-Jul-2023 11:29 AM
Officer: Nitin prakash
About This Procurement Notice
This central government tender was issued by Airports Authority of India. The estimated contract value is ₹60.00 L. Bids must be submitted by 06-Jun-2023 03:00 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 2023-2024"?
- The current status of this tender is "Expired". The submission deadline is 06-Jun-2023 03:00 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/ 2023-24. It is a central government procurement notice.
- QWhat is the estimated value of this tender?
- The estimated tender value is ₹60.00 L. This is the approximate contract value as disclosed in the official tender document.
- QIs this the as per tender Airport tender?
- Yes — "Notice Inviting Quotation for Insurance of AAI Fleet of Aircrafts 2023-2024" is the official government tender title covering as per tender Airport development works. Government tender titles for this sector use official department terminology rather than the site's common name.
- QWho is the lowest (L1) bidder for this tender?
- Under financial bid evaluation for "Notice Inviting Quotation for Insurance of AAI Fleet of Aircrafts 2023-2024", The Oriental Insurance Co. Ltd. DO3 Jhandewalan, New Delhi emerged as the lowest (L1) bidder with a quoted bid amount of ₹48.92 L. Full bid rankings and vendor comparisons are available on BiharInfraTales.