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Tender Document for Mega Risk Insurance of Baglihar HEP for the year (2015-16)

Page No. 1

TENDER DOCUMENT

FOR

ALL RISK COMPHRENSIVE PACKAGE MEGA INSURANCE POLICY FOR HYDRO

POWER STATION OF JKSPDCL 3X150 MW BAGLIHAR PROJECT.

FOR THE YEAR (2015-16)

(23-10-2015 to 22-10-2016)


Page No. 2

INDEX

S. No. PARTICULARS SECTION PAGE No.

01 Introduction & Salient features 3 to 5

02 Notice Inviting Tenders 6 to 9

03 Instruction to bidders I 10 to 18

04 Conditions of Policy II 19 to 24

05 Scope of coverage III 25 to 30

06 Bid Proposal Sheet IV 31 to 33

07 Formats & Schedules V 34 to 43


Page No. 3

INTRODUCTION

The Baglihar Power Station (450 MW) is run of the river scheme on river Chenab near

Chanderkote Distt. Ramban of J&K State. The H.Q. of the project is located at

Chanderkote 150 Kms from Jammu and 90 Kms from Udhampur (the nearest, Rail

terminal). The road from Jammu to Chanderkote (150 Kms) on National Highway IA.

Temperature during winter some times goes subzero. Snows in winter and rains are

frequent from February to April. The Power House was commissioned in October 2008

and started commercial generation on 1st April 2009. Over these years the power house

is performing quite satisfactorily and with optimum generation.

SALIENT FEATURES OF BAGLIHAR H.E PROJECT CHANDERKOTE

LOCATION State Jammu and Kashmir

District Ramban

Longitude 75°18'10" - 75°20'

Latitude 33º9'30" - 33º11'

HYDROLOGY Name of the River Chenab

Type of the Scheme Run-of-the-river

Design Flood (PMF) 16,500 cumecs,

Diversion Flood (1:25 years) 3,000 cumecs

Min. mean discharge 125.89 cumec

Full Reservoir Level 840 masl

RESERVOIR Max. Draw Down Level

After Stage - I 836 masl

Gross Storage upto FRL (700-840 masl)

428.28 M m³

DAM Type Solid Gravity Concrete Dam

Length 362.862 meters

Width at Top 8 meters

Height (from deepest foundation) 143.00 meters

HEAD Effective Head 123.20 meters

Gross Head 127.70 meters

SPILLWAY Location River bed portion

Design Flood 10,667 cumecs

Spillway Crest Elevation 808 meters

No. of Spillway bays Five

Size of Gates 10.0 meters (W) x10.5 meters (H)

Type of Gates Radial Gates (top sealing type) with Hydraulic Hoists

CHUTE SPILLWAY Location On Left flank

Design Flood 5790 cumecs

Crest Elevation 821.0 meters

Number of bays Three

Size of gate 12 meters (W) x 19 meters (H)


Page No. 4

Type of gate Radial Gates with Hydraulic Hoists

AUXILIARY SPILLWAY Crest Elevation 837.0 meters (discharge = 60 cumecs)

Number of Bays One

Size of gate 6.0 meters (width) x 3.0 meters (height)

Type of gate Fixed wheel gate

INTAKE (FOR STAGE-I WORKS)

Capacity 430 cumecs

Sill Elevation EL 821.00 m asl.

Openings - 2 Nos 10m(w) x 7.5 m (h)

Types of Gates Fixed wheel gates with Hydraulic Hoists

INTAKE (FOR STAGE-II WORKS)

Capacity 430 cumecs

Sill Elevation EL 821.00 m asl.

Openings 10m(W) x 7.5m(H)

Type of Gates Fixed wheel gates with Hydraulic Hoists

HEAD RACE TUNNEL Number One

Size and Shape 10.15 m dia Circular

Length 2080.75m (Sloping Length)

Discharge 430 cumecs

SURGE SHAFT Location Upstream of powerhouse (fully underground approach to top through an access cum air vent adit)

Type Restricted Orifice type

Size 27.5m dia

Height 77m

Emergency Gates Fixed wheel gates (Bonnet Type) with Hydraulic Hoists for each Pressure shaft located in Gate Chamber downstream of surge shaft

PRESSURE SHAFTS / PENSTOCKS

Number Three

Shape Circular

Size 5.5m dia

Length No. 1 214.614m

No. 2 196.435m

No. 3 192.740m

POWER HOUSE Type Underground

Installed Capacity (Stage - I) 450 MW

Number of Cavities Three


Page No. 5

Size of Cavities a) For machine hall 121m(L) x 24m (W) x 50m (H), b) For transformer hall cum GIS 112.25m (L) x 15m(W) x 24.5(H), c) Collection Gallery cum D/S Surge chamber 75m (l) x 12.5m (w) x 43.0m (h)

Maximum Operating Tail Water Level

716.85m

Minimum operating Tail water Level

702.38m

ACESS TUNNEL TO P/HOUSE

Size 7.5m D-Shaped

Length 354.8m

SWITCHYARD Size 60m x 30m

400 KV TRANSMISSION LINE FROM BHEP-I TO KISHENPUR GRID STN.(PGCIL) UDHAMPUR

Length 67.93 Kms of Double circuit, Twin-Moose conductor transmission line comprising of 215 nos. Towers

TAILRACE TUNNEL Shape D- Shaped

Size 9m (w) x 19 to 27.5m (h)

Length 130m

Discharge 430 cumec

POWER PLANT EQUIPMENT

Turbines Francis

M.I. Valves Butterfly type located in Machine Hall

Hydro-generators Vertical shaft, synchronous generator . 166.67 MVA

Transformers Epoxy type Clas F insulation 16.5 kv / 400 kv single phase transformers (10 nos including one spare transformer)

Switchgear 400 kv SF6 gas insulated switch gear comprising 6 bays (3 incoming 2 transmission line bays and one bus coupler bay)

E.O.T cranes 2 nos Cranes with Lifting Beam

POWER OUTPUT Installed Capacity 3 x 150 MW

Minimum mean discharge 125.89 cumec

Firm power (based on minimum mean discharge)

141 MW

Annual energy generation

90% availability year 2800 GWH


Page No. 6

NIT No: JKSPDC/Finance/02 of 2015

Dated:- 23/09/2015

FRESH NOTICE INVITING TENDER

For and on behalf of the Managing Director, Jammu and Kashmir State Power

Development Corporation, fresh sealed tenders affixed with Revenue stamp

worth Rs 5/- (Rupees five only) valid for 60 days from the last date of receipt of the

tenders are invited from the Public Sector General Insurance Companies and

Private Sector Insurance Companies by the Director Finance, JKSPDC Corporate

office, Srinagar for All Risk Comprehensive Package Mega Insurance Policy for

3x150 MW BHEP-I, which shall comprise mainly of Civil & Hydro Mechanical works,

Electro Mechanical works, Pot Head Yard, 400 KV Transmission line from BHEP to

Kishenpur Grid Station, 2 No. line bays at Kishenpur, 20 MVA Grid Station

Chanderkote, 2x10 MVA Receiving Station Dharmund & allied 33 / 11 KV network

of BHEP, for covering below mentioned risks.

Section/Nature

Re-

instatement

Value

STAGE-I Rs.

In Crore

Re-

instatement

Value STAGE-

II Rs. In Crore

Total Value

Rs. In Crore

1. Material Damage (MD)

2. Earthquake (including Plinth &

Foundation)

3. Machinery Breakdown

4. Business Interruption (MLOP+FLOP)

MLOP

FLOP

5. Terrorism Damage (MD+BI)

6. Third Party Liability (General Liability)

5901.67

5901.67

1160.41

1200

1200

7101.67

50

2088.36

2088.36

862.20

500

500

2588.36

50

7990.03

7990.03

2022.61

1700

1700

9690.03

100

INSTRUCTIONS:-

1. The bids are to be submitted in two envelope system comprising of;

Envelope I Technical & Commercial bid.

Envelope II Price Bid.


Page No. 7

2. The “Technical and Commercial Bid” shall be submitted in a sealed envelope

with Tender reference and bid opening date duly super scribed on the top and

marked “Technical & Commercial Bid”.

3. The Bidder will submit all the required information in Technical & Commercial

bid for Mega Cover in the formats wherever provided in the bid proposal sheets

(Section-IV) & as under:-

(i) Technical & Commercial Bid Submission Form (Format-1)

(ii) Re-Insurance Arrangement details along with letter of support on their letter

head (Format-2)

(iii) Bidder declaration (Format-4)

(iv) Undertaking for Non-Cartelization (Format-5)

(v) Organization profile.

(vi) Check list for settlement of claims.

4. The “Price Bids” with offered rates shall be submitted in separate sealed

Envelope with tender reference and bid opening date duly super-scribed on the

top and marked Price Bids for Mega Cover.

5. The above said Envelopes should be placed in another envelope which again

should be duly sealed with tender reference i.e. “Bid Proposal for Mega Insurance

Policy for Baglihar Power Station 2015-16” and opening date super-scribed and

indicating the name & address of the Bidders.

6. Envelope No. I super scribed as “Technical” & “Commercial bid” shall be

opened on due date or other subsequent date convenient to the tender opening

authority in presence of the bidders or their authorized representative who

choose to be present.

7. Envelope No II super scribed as “Price Bid” of only those bidders whose

“Technical & Commercial bids and letter of support from re-insurers are found

acceptable, shall be opened later on. The date & time of opening of Price Bid

shall be intimated separately.

8. The Bidder shall quote the Premium Rate and Total Premium against respective

areas of Coverage for respective Sum-Insured as per Price Schedule of Bid

Proposal Sheet. The Total Premium will be inclusive of all expenditures to be

incurred by the Bidders and all applicable taxes, service tax and surcharge and

No expenditure other than those quoted in the Bid Proposal Sheet will be

entertained by JKSPDC on any account for the defined ‘Scope of Coverage’.


Page No. 8

The Bidders are required to quote the rates for Mega Section, including add-on

risk coverage(s), Third Party Liability & Terrorism separately for the year as detailed

in the bidding documents.

9. The Bid Proposal shall remain valid for a period of 60 days from the last date of

receipt of ‘Technical & Commercial Bid and Price Bid’.

10. The Bid received after prescribed date shall not be entertained.

11. Tendering authority reserves the right to accept or reject any or all bids and to

cancel the bidding process at any time prior to the award of the contract.

12. The detailed bid document can be seen / downloaded from the website

www.jkspdc.nic.in. The clarification on the Bidding document, last date of receipt

of bids & opening of Technical & Commercial bids shall be as under:-

S

No.

Event Date

1 Last date of receipt of written queries on NIT

03-10-2015

3 Date of issuance of modifications to the bid

documents

07-10-2015

4 Last date and time of receipt of bids at Corporate

office Srinagar.

14-10-2015 till

4PM

5 Date and time of opening of Technical & Commercial

bid

14-10-2015 at

4:30 PM

6 Date of opening of price bid To be intimated

separately

13. The dates shown above are Firm unless modified by the tendering authority

who shall not be responsible for any delay by the bidders caused by whatsoever

reason. In case there is holiday on any of the aforesaid dates, the next working

day shall be considered for the above proceedings.

14. The tenders shall be received in the office of the Director Finance, J&K State

Power Development Corporation, Hotel Shaw Inn, Boulavard, Dalgate, Srinagar –

190001, J&K, through Registered / Speed post or by hand only.

Director Finance, JKSPDC

http://www.jkspdc.nic.in/


Page No. 9

No. JKSPDC/Finance/

Dated:

Copy for information to:

1. Managing Director JKSPDC Jammu/Srinagar.

2. Executive Director (Electrical) JKSPDC.

3. Executive Director (Civil) JKSPDC.

4. Chief Engineer (Civil) Baglihar H.E. Project Chanderkote.

5. Director Information, Govt. of J&K, Srinagar – for publishing the NIT in the

leading local and national dailies.

6. Superintending Engineer BHEP-I (E) Chanderkote.

7. S.G.M (Electrical), Corporate office, JKSPDC Srinagar.

8. Company Secretary JKSPDC for information and uploading of the NIT on

the official website of JKSPDC.

9. Executive Engineer Generation Div BHEP.

10. Executive Engineer Mechanical Div BHEP.

11. Executive Engineer Civil Maintenance Div. BHEP.

12. Executive Engineer 400 KV TLD BHEP.

13. Executive Engineer EPD BHEP Chanderkote.

14. CP&AO , BHEP.

15. All General Insurance Companies GIC licensed by IRDA.


Page No. 10

SECTION-I

INSTRUCTIONS TO BIDDERS

PACKAGE NAME: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY

FOR 3X150 MW BAGLIHAR HYDRO POWER STATION

CHANDERKOTE (District Ramban) J&K STATE

(For one year from 23.10.2015 to 22.10.2016)

Director Finance,

J&K State Power Development Corporation,

Hotel Shaw Inn, Boulevard,

Srinagar, J&K – 190 001.


Page No. 11

INSTRUCTIONS TO BIDDERS

PACKAGE: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY FOR BAGLIHAR

POWER STATION.

1.0 INFORMATION TO BIDDERS

1.1 JKSPDC a Govt. of J&K Enterprise, intends to take All Risk comprehensive

package Mega Policy for 3x150 MW Baglihar Power Station in line with the

specifications, requirements, terms and conditions elaborated in the ‘Scope

of Coverage’ in Section III of the Bidding Documents.

1.2 The prospective bidders are invited to submit a “Technical &

Commercial Bid” and “Price Bid” for All Risk Comprehensive Package Mega

Policy for the subject requirement.

1.3 JKSPDC will provide necessary inputs/information as considered necessary to

the successful bidder for completion of the requirement.

1.4 The costs on account of preparation of bid, negotiation, discussion etc. as

may be incurred by the bidder in the process of finalization of the contract

are not reimbursable by JKSPDC.

1.5 JKSPDC reserves the right to reject any or all bids, wholly or partially, without

assigning any reasons whatsoever.

2.0 BIDDING DOCUMENTS

2.1 The bidding documents comprise of the following :

i) INSTRUCTIONS TO BIDDERS Section I

ii) CONDITIONS OF POLICY

Section II

iii) SCOPE OF COVERAGE Section III

iv)

v)

BID PROPOSAL SHEET

FORMATS & SCHEDULES

Section IV

Section V

2.2

Bidders may seek clarification on the bidding documents, if required,

within ten days of issue of the bidding documents. Any clarification

sought must be sent in writing to the following address:

Director Finance, J&K State Power Development Corporation, Hotel Shaw

Inn, Boulevard, Dalgate, Srinagar – 190 001 .

E-mail address: [email protected]

& c.c: [email protected],

mailto:[email protected]


Page No. 12

2.3 At any time before the scheduled submission of bid, JKSPDC may, for any

reasons, whether at its own initiative or in response to a clarification

requested by a prospective Bidder, modify the bidding documents by

amendment. The amendment/response to clarification(s) if any will be sent

in writing to all the prospective Bidders and will be binding on them. JKSPDC

may, at its discretion, extend the deadline for submission and/or opening of

the bid.

2.4 The bidding documents are and shall remain the exclusive property of

JKSPDC without any right of the bidder to use them for any purpose except

for bidding and for use by successful bidder with reference to the work.

3.0 INSTRUCTIONS FOR PREPARATION OF BID PROPOSALS:

3.1 Bid Proposals complete in all respects, shall be submitted with requisite

information and annexure as specified in the bidding documents. It shall be free

from any ambiguity, cutting, and use of correcting fluid or overwriting.

3.2 An authorized representative of the firm shall initial all pages of the bid proposal.

Legal authority letter and authorization letter for signing the proposal/tender

documents should be attached.

3.3 For preparation of Bid Proposals, Bidders are expected to examine the bidding

documents in detail and it is the Bidder’s responsibility to ensure that the

information provided is adequate and clearly understood. Material deficiencies

in providing the information requested may result in rejection of the bid.

3.4 TECHNICAL & COMMERCIAL BID

3.4.1 While preparing the ‘Technical & Commercial Bid’, Bidders may give

particular attention to the following aspects.

a) Scope of the Coverage required as detailed in Section III.

b)

c)

Additional covers that can be provided by the Bidder if any.

Extensions, exclusions & other features.

d) Other terms and conditions.

e) Bid Proposal Sheets.


Page No. 13

3.4.2 “Technical & Commercial Bid” shall provide the following information:

i) The detailed clientage such as names of the clients, details of

coverage, premium amount, Co-Insurers share and Re-Insurance

arrangement etc. for risk cover above INR 5,000 crores and

where the bidder has a leadership share.

ii) The Bidder shall arrange for suitable Re-insurance arrangement

with unconditional support letter (as per format 2) for the lead re-

insurer. Re-insurance placement has to be done as per current

guidelines of the Regulator.

iii) Any additional information considered relevant by the Bidder for

effective evaluation of the capability and soundness of the

Bidder.

3.4.3 The Bidders will submit all the required information in ‘Technical &

Commercial Bid' for Mega cover in the formats wherever provided in Bid

Proposal Sheet (Section-IV) and as under:

i) Technical & Commercial Bid Submission Form (Format -1)

ii) Re-Insurance Arrangement Details along with letter of support on their letter

head (Format -2)

iii)

iv)

v)

vi)

vii)

Draft Policy Wordings.

Bidder declaration (Format-4)

Under taking for Non-cartelization (Format-5)

Organisation Profile.

vii M O U on claim settlement procedures and nominated surveyor details.

3.4.4 Bidders should agree to Scope of Coverage along with Extensions, Add-on

covers and all the conditions of Policy and other provisions of the bidding

documents. JKSPDCL reserves the right to reject the offer on account of

any such deviations/exceptions. If the Bidder, on advice of JKSPDCL, does

not withdraw the deviations/exceptions, JKSPDCL reserves the right to

reject the bids.

3.4.5 Technical & Commercial Bid shall not contain any price.


Page No. 14

3.5 PRICE BID

3.5.1 For preparation of the ‘Price Bid’, Bidders are expected to take into account

the requirements and conditions of the bidding documents. The Price Bid shall

be prepared and submitted as per ‘Bid Proposal Sheet (BPS)’ under Section IV

of Bidding Documents.

3.5.2 Premium Rates & Total Premium to be quoted by the Bidders will be in Indian

Rupees only on firm price basis and shall remain valid during the currency of

the Policy. However the Total Premium amount payable shall be based on the

actual sum-insured. Further premium for any subsequent change in the sum-

insured during the policy period shall be paid on pro-rata basis.

3.5.3 The Bidder shall quote the Premium Rate and Total Premium against

respective areas of Coverage for respective Sum-Insured as per Price

Schedule of Bid Proposal Sheet. The Total Premium will be inclusive of all

expenditures to be incurred by the Bidders and applicable taxes, service tax

and surcharge and No expenditure other than those quoted in the Bid

Proposal Sheet will be entertained by JKSPDC on any account for the defined

‘Scope of Coverage’. The bidder is advised to take into account all the

applicable taxes, duties and other levies prevailing on 31.07.2015. If any rates

of taxes are increased or decreased, a new tax is introduced, or an existing

tax is abolished, or any change in interpretation or application of any tax

occurs in the course of the performance of the contract, which was or will be

assessed on the insurer, in connection with performance of the insurance

policy, an equitable adjustment of the amount shall be made to fully take into

account any such change by addition to the contract price or deduction

there from, as the case may be.

3.5.4 The Bidders are required to quote the rates for Mega Section, including add-

on risk coverage(s), Third Party Liability & Terrorism separately for the year as

detailed in the bidding documents.

3.5.5. The Bid Proposal shall remain valid for a period of 60 days from the last date of

receipt of ‘Technical & Commercial Bid and price bid’.

3.5.6

Any optional i tem’s rate/quote shal l not be considered for the

purpose of evaluation. No separate discount should be quoted in

separate envelope. The rebate/discount shal l be considered

whi le determining Contract Pr ice during evaluation. Discount to

be given should be on price bid itself in percentage term.


Page No. 15

3.5.7

3.5.8

In case the claim experience (claims lodged minus deductibles) for the first

ten (10) months of the first year policy does not exceed 70% of the premium,

then the policy at the request of the insured shall be renewed on the same

rates and terms and conditions if so desired by JKSPDC.

In case the claim experience (claims lodged – deductibles) for the first ten

(10) months of the first year policy does not exceed 70% of the premium, then

the policy at the request of JKSPDC can be extended for a period upto 12

months with the same terms and conditions on pro-rata basis.

4.0 SUBMISSION OF BID PROPOSAL

4.1 The Bidders are requested to submit the bids written in English language.

4.2 The Bid Proposals are to be submitted in one original and two copies of the

original in two separate Envelopes comprising of:

In envelope 1. “Technical & Commercial Bid” including “Letter of

unconditional Support” from Re-Insurer and other details as

mentioned in 3.4.2 of Section I.

In envelope 2. “Price Bids”

4.3 The “Technical and Commercial Bid” shall be submitted in a sealed

envelope with Tender reference and bid opening date duly super scribed

on the top and marked “Technical & Commercial Bid”.

The Letter of Support from Re-insurers (as stated in 3.4.2 (ii) of section I) for

one year shall necessarily form part of technical and commercial bid;

Technical & Commercial Bid shall not contain any price.

4.4 The “Price Bids” with offered rates shall be submitted in separate sealed

Envelope with tender reference duly super-scribed on the top and marked

Price Bids for Mega Cover.

4.5

4.6

The above said Envelopes should be placed in another envelope which

again should be duly sealed with tender reference i.e. “Bid Proposal for

Mega Insurance Policy for Baglihar Power Station 2015-16” and opening

date super-scribed and indicating the name & address of the Bidders.

The envelope containing envelops No. 1 & 2 should be marked as “to be

opened by addressee only” & addressed to:-

The Director Finance, J&K State Power Development Corporation, Hotel

Shaw Inn, Boulevard Srinagar – 190 001, J&K.


Page No. 16

4.7 The prospective Bidders shall send Bid Proposal by registered post/speed

post/courier service or by hand only so as to reach above addressee

before bid closing date and time.

4.8 Bid Proposals received after the due date and time for submission will not

be considered. JKSPDC will not be responsible for non-delivery/late delivery

of Bid Proposals sent by post. Offers sent by Fax/e-mail/telegram etc will not

be considered.

4.9 Bid Proposals shall be opened at the scheduled time and date, as

mentioned in the NIT, in the presence of such bidders or their authorized

representative who may be present.

5.0 BID EVALUATION

5.1. The evaluation of 'Technical & Commercial Bid’ including unconditional

‘Letter of Support from Re-Insurers’ in original on their letter head shall be

done first.

5.2 The Price Bids of the Bidders whose ‘Technical and Commercial Bids’ and

‘Letter of Support from Re-Insurers’ are found acceptable, shall be opened

on the date and time, in the presence of the Bidder’s representatives who

may choose to attend. Date & time of opening of price bids shall be

informed to the participating bidders after the evaluation of “Technical &

Commercial Bids”.

5.3 JKSPDC will determine whether the Bids are complete, i.e. whether the

Bidder have offered quotes for all areas of coverage’s, as per requirement

of bidding documents provisions.

5.4 Price Bids will be evaluated taking into account Total Premium quoted for

All-Sections of coverage(s) for respective sum-Insured, as per Schedule 1 of

BPS of Bidding Documents. In case some risk have been quoted for, it shall

be presumed the risks have been covered and their price have been

included in the rates quoted.

5.5

5.6

5.7

The in-built extensions, add-on covers, terms and conditions shall be

provided to JKSPDC without any financial implication to JKSPDC.

Mis

Any Any misinformation or un-supported fact, data, information, rates/

quotes, terms and conditions leading to delay, complication, failure to

placement of risk shall be viewed seriously by JKSPDCL and may result into

rejection of bid and may impact future insurance relationship.

In case two or more bidders are evaluated lowest (L-1), all those lowest

bidders (L1) shall be asked to participate in the snap bidding at JKSPDCL

Office and they will be required to submit their fresh financial bid on spot


Page No. 17

basis. In case of snap bidding, the policy will be finalized with the bidder

whose bid emerges to be the lowest on the basis of snap bidding in

presence of bidders participating in the snap bidding.

6.0 AWARD OF MEGA RISK POLICY

6.1 The Mega Risk Policy will be finalized with L1 Bidder, whose bid is found to be

technically and commercially acceptable, evaluated lowest, and who possess

required Re-insurer support.

6.2 It may however be noted that JKSPDC reserves the right to reject any or all

bids without assigning any reason thereof and JKSPDC decision in this regard

shall be final and binding on all the bidders.

7.0 UNDERTAKING

The bidder needs to sign an undertaking as per Format 5, confirming that no form of

cartelization has taken place between the bidding participants.

8.0 Corrupt/ Fraudulent/ Collusive/ Coercive Practices

It is expected from the Bidders that they will observe the highest standard of

ethics during the procurement and execution of such contracts. In pursuance

of this policy:

(a) for the purposes of this provision, the terms set forth below shall mean as

under:

(i) "corrupt practice" means the offering, giving, receiving or soliciting of

anything of value to influence the action of a public official in the

procurement process or in contract execution; and

(ii) "fraudulent practice" means a misrepresentation of facts in order to

influence a procurement process or the execution of a contract to the

detriment of the Employer, and includes collusive practice among Bidders

(prior to or after bid submission) designed to establish bid prices at artificial

non-competitive levels and to deprive the Employer of the benefits of free

and open competition;

(iii) “Collusive practice” means a scheme or arrangement between two or

more bidders, with or without the knowledge of the Employer, designed to

establish bid prices at artificial, noncompetitive levels; and

(iv) “Coercive practice” means harming or threatening to harm, directly or

indirectly, person or their property to influence or affect the execution of a

contract;

(b) A Bid may be rejected by the Employer if it is determined at any stage


Page No. 18

that the respective Bidder has engaged in corrupt, fraudulent, collusive

and coercive practices as mentioned above in competing for the

contract in question.

(c) The Employer may declare a firm ineligible for participating in tender

floated by JKSPDC, either indefinitely or for a stated period of time, if it at

any time determines that the firm has engaged in corrupt or fraudulent

practices, Collusive and Coercive practices in competing for, or in

executing a contract.

d) Banning of Business Dealings: It is not in the interest of JKSPDC to deal with

Agencies who commit deception, fraud or other misconduct in the

tendering process. The grounds on which Banning of Business Dealings

can be initiated are as follows:-

i) If the security consideration, including questions of loyalty of the Agency

to JKSPDC so warrants;

ii) If the director/ owner of the Agency, proprietor or partner of the firm, is

convicted by a court of law for offences involving moral turpitude in

relation to its business dealings with the Government or any other public

sector enterprises, during last five years;

iii) If business dealings with the Agency have been banned by the

Department of Power, Government of India or any other agency of GoI /

State Governments.

iv) If the Agency has resorted to corrupt, fraudulent practices including

misrepresentation of facts;

v) If the Agency uses intimidation / threatening or brings undue outside

pressure on JKSPDC or its official for acceptance / performances of the

job under the contract:

vi) If the Agency misuses the premises or facilities of the JKSPDC, forcefully

occupies or damages the JKSPDC’s properties including land, water

resources, forests / trees or tampers with documents / records etc. (Note:

The examples given above are only illustrative and not exhaustive. The

Competent Authority may decide to ban business dealings for any good

and sufficient reasons).

End of section-I


Page No. 19

SECTION-II

CONDITIONS OF POLICY





Director Finance,





Page No. 20

CONDITIONS OF ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY FOR

BAGLIHAR HYDRO POWER STATION

1. GENERAL

(a) The Bidders may interact and discuss with JKSPDCL to assess risk and

safety features of Baglihar Power Station appropriately at mutual

convenience.

(b) The bidders if so desire may also visit the Baglihar Hydro Power Station

at their own cost prior to submitting their bid proposal.

2. SUM-INSURED

a)

b)

Sum insured in All Risk Comprehensive Package Mega Policy shall be based on

re-instatement value as per the prevailing practice and norms.

Total Sum-Insured under Fire, EQ, MBD, FLOP, MLOP & Terrorist act is the cost of

insurable assets of Baglihar Power Station as per valuation done by IRDA

accredited valuer appointed by JKSPDC. A copy of the valuation report of

insurable assets at BHEP is being uploaded and can be downloaded from our

official website www.jkspdc.nic.in. However, all prospective insurers are required

to prepare their own valuation report and in case of any discrepancies

between the valuation report of JKSPDC and prospective insurers, the same

can be discussed during the pre-bid conference. Changes in the valuation

report, if any, desired by the prospective bidders can be captured in valuation

report of the JKSPDC, if agreed by JKSPDC. The revised valuation report issued

subsequently by JKSPDC shall be binding on all prospective bidders. The bidders

shall quote accordingly.

c) Sum-Insured under Business Interruption (BI)/Loss of Profit (LOP) is based on

projections of performance of Power station. This can be revised, both upward

and downward, up to 25% of Sum-Insured based on revised parameters /

projections by making additional premium payment or refund. However, for the

purpose of evaluation, the Sum-Insured indicated in bidding documents shall

be considered.

d) Sum-Insured under different sections of the Policy for the purpose of Policy

execution may be revised at the discretion of JKSPDC during the currency of

the policy with pro-rata adjustment of premium.

3. EXCLUSIONS

3.1 Exclusions as available in Mega Risk Policy regulations, however, assets like

drainage, culvert, pavements, roads, dams, reservoirs, canals, pipe lines,

tunnels, bridges, piers etc and all other civil works including township and

http://www.jkspdc.nic.in/


Page No. 21

underground civil works except land, Property in transit within premises are

specifically included in schedule of assets and shall be covered for

insurance. Properties in the course of demolition / construction shall also be

covered in the scope of coverage.

4. UNDER INSURANCE

Under insurance up to 10% shall be ignored/waived off at the time of settlement

of claim for all sections of the Policy subject to policy guidelines.

5. INSURANCE BUSINESS/RESPONSIBILITY OF INSURER

The competitive bidding is being undertaken. However JKSPDC reserves the

right to reject any or all bids without assigning any reason thereof and

JKSPDC decision in this regard shall be final and binding on all the bidders.

6. INSURER AND THEIR RESPONSIBILITY

a) INSURER

Evaluated L-1 bidders shall consult JKSPDC to finalize policy wordings and

associated working arrangements.

b) RESPONSIBILITY OF INSURER

It may however be clearly understood that the Insurer shall be solely and

legally responsible to JKSPDC for effective execution of the Policy including

co-ordination with JKSPDC sites, collection of premium, complete placement

of re-insurance Programme, issue of policy document and prompt claim

settlement etc.

7. BREAK DOWN PERIOD

During any accidental damage/breakdown resulting into a claim, JKSPDC

may undertake any related Annual or unrelated planned maintenance

/overhaul activities without affecting the duration of original breakdown re-

instatement work. This will not affect JKSPDC’s claim under BI section in any

manner whatsoever, as long as the same does not affect reinstatement

period due to accidental breakdown.

8. CHECK LIST

The bidder should submit along with the bid standard checklist of

documentation required for early settlement and on-account payment of

claims. However the checklist shall be further finalized keeping in view the

availability of various aspects/documents.


Page No. 22

9. Review Meetings

Insurer will develop effective Management Information System (MIS) for facilitating

effective implementation of the policy and early settlement of claims. Co-

ordinator at power station shall be identified for periodical review meetings for

monitoring progress of different activities.

10. RESPONSIBILITY FOR SEMINAR/WORKSHOP

To educate on Mega Risk Policy, Insurer shall organize Seminars/ Workshops on

the Policy, at no extra cost, at JKSPDC Corporate Office, Power Station, or

other agreed locations, as advised by JKSPDC, to facilitate understanding

and effective implementation of Policy at least once in a year. Insurer shall

also arrange intensive training programmes at no extra cost, for selected

personnel of JKSPDC.

11. TIME FRAME OF THE POLICY DOCUMENTS

The insurer will issue the premium receipt and the Cover note for the desired

coverage immediately on the receipt of the premium from JKSPDC. The

original policy document shall be issued within one week from the date of the

assumption of the risk. The policy document shall clearly indicate various rates,

sum-insured, extensions, inclusions, exclusions and terms & conditions in line with

bidding documents. Any amendment of the policies documents shall be

confirmed by issuing endorsement within 4 working days of the receipt of the

necessary premium/information from JKSPDC.

12. CLAIMS PROCEDURE AND MANAGEMENT

In case of a claim, the insurance company shall immediately but not later than

48 hours of the receipt of intimation from JKSPDC depute an IRDA accredited

surveyor.

In normal circumstances, the claim has to be settled within 30 days from the date

of first information, net of time taken by JKSPDC for responding to

surveyor’s/insurance company’s comments.

A joint meeting between surveyors, insurance company and JKSPDC will be

organized on a date suggested by JKSPDC for discussing the claim matters and

the minutes of the said meeting shall be recorded. The insurance company will

take a weekly report from the surveyor to ensure the success of the procedure

and keep JKSPDC informed and copy of interim as well as final survey report shall

be submitted to JKSPDC immediately.

13. OPERATION AND MAINTENANCE OF POLICY


Page No. 23

Insurance policy shall be issued in the name of JKSPDC covering Baglihar power

station and any addition during the continuation of the policy period. Lodging of

claim till finalization/settlement shall be operated and maintained by the power

station.

14. PROCEDURE OF PAYMENT:

Payment of Premium shall be released in Indian Rupees by Account Payee

Cheque/RTGS/NEFT/net payment/ECS from Chief Pay & account Office of

JKSPDC, Chanderkote. The Bank Charges shall be on account of Insured.

15. SETTLEMENT OF DISPUTES:

If any dispute(s) or difference(s) of any kind whatsoever arise between the

parties hereto in connection with or arising out of this policy, the parties hereto

shall negotiate with a view to its amicable resolution and settlement. In the event

no amicable resolution or settlement is reached within a period of sixty (60) days

from the date on which the dispute(s) or difference(s) arose, such disputes or

differences shall be referred to and settled by Arbitral Tribunal comprising of three

(3) arbitrators, one to be appointed by each party, the third arbitrator to be

appointed by both the arbitrators. In case of differences, the third arbitrator shall

be appointed by the Hon’ble Chief Justice of J&K High Court or the Institution or

the Authority nominated/authorised by him in this regard. The arbitration

proceedings shall be in accordance with the provisions of the Indian Arbitration &

Conciliation Act, 1996 as amended or enacted from time to time. The existence of

any dispute (s) or difference (s) or the initiation or continuance of the arbitration

proceedings shall not permit the parties to postpone or delay the performance by

the parties of their respective obligations pursuant to this contract. The venue of

the arbitration shall be J&K State. The arbitrator shall pass a speaking award and

the costs of arbitration shall be shared equally between the insurer and the

insured.

16. GOVERNING LAWS AND JURIDICTION

The Insurance Policy shall be governed and interpreted in accordance with the

laws for the time being in force in the State of Jammu & Kashmir. The Courts of

J&K shall have exclusive Jurisdiction in all the matters arising out of tzzzzz`his

agreement.

17. NODAL OFFICER/ IN-CHARGE:

Executive Engineer Generation Division BHEP-I will be the nodal officer during

the currency of this contract.

18. PAYING AUTHORITY:

Chief Pay & Account Officer BHEP Chanderkote shall be the paying authority.

End of section-II


Page No. 24

SECTION-III

SCOPE OF COVERAGE





Director Finance,





Page No. 25

SCOPE OF COVERAGE

1. SCOPE OF COVER:

1.1.1 The Insurance Cover shall cover the property insured & generation loss, if

accidentally physically lost/destroyed or damaged by the perils covered under

Mega Risk Policy. The coverage will be on an All Risk basis as per Munich Re

wordings for losses arising out of:

(i) Fire and allied perils like Fire, Lightening, Explosion / implosion, Aircraft

damage, Riot, strike, malicious damage (RSMD), Storm, cyclone Typhoon,

Tempest Hurricane, Tornado, Flood & inundation (STFI), Impact damage,

Subsidence & Landslide including rockslide, Bursting & Overflowing of Water

tanks, Apparatus & pipes, Missile testing operations, Leakage from

automatic sprinkler instillations & Bush fire, Burglary/Theft.

(ii) Earthquake (Fire and Shock).

(iii) Machinery Breakdown (MBD)/Electronic equipment/Transmission lines.

(iv) Generation Loss – BI (FLOP+MLOP).

(v) Terrorism (MD+BI).

(vi) Third Party Liability (General Liability).

But not limited to above perils. The cover should be as per the standard

MEGA policy.

1.1.2 Deductibles

For MEGA & BI Cover

o Normal Perils – 5% of the claim amount subject to minimum of INR 2

crores EEL.

o AOG – 10% of the claim amount subject to minimum of INR 2 crores EEL.

o Fire Loss of Profit – 35 days.

o Machinery Loss of Profit – 42 days.

o Deductible for Burglary/Theft to be Rs 1 lac for each & every loss.

o Deductible for Electronic equipments to be Rs 1 lac for each & every

loss.

o Deductible for property under course of construction/erection to be Rs 5

lacs for each & every loss.


Page No. 26

o Deductible under Inland transit to be Rs 1 lac for each & every loss.

For TERRORISM Cover

Flat excess of Rs 1 crore for material damage & for Business interruption (BI) 14 days

of Standard gross profit.

For THIRD PARTY LIABILITY Cover

Deductible to be Rs 1 lac for each & every occurrence.

1.1.3 The following shall also be covered in the Policy:

i.

Additional Covers Sub-limit (Rs.)

Property in the course of construction / erection 10 cr

Plans, Documents & Computer Records 10 cr

Expediting expenses including Airfreight 25 cr

Temporary removal 50 cr

Deliberate damage 5 cr

Architects, Surveyors, & Consulting Engineers fees 10 cr

Removal of Debris and/or Cost of Demolition 10 cr

Loss minimization / Loss prevention expenses 5cr

Capital additions / Newly Acquired Property /

Interest 100 cr

Foam consumption and fire extinguishing expenses 10 cr

Inland Transit 20 cr

Underinsurance 10%

Escalation Clause 10%

Omission to Insure Additions, Alterations or

Extensions 50 cr

Immediate repair/relief 1 cr

Auditors clause 15 lacs

Additional Custom duty 10 cr

Property not in the insured premises but in off-site

premises 25 cr

Document & File reproduction cost 5% of claim amount

Designation of Property clause Yes

Public Authorities Clause Yes

Property in care, custody and control of insured 5 cr

ii. Cracking & Collapse in Galleries, Tunnels & Buildings both underground and on the

surface is to be included in the coverage of the scope of the policy, if occurred due

to an insured peril.


Page No. 27

iii. All Equipment/machinery having electronic parts/systems & computer control

system shall be covered in the scope of the policy.

iv. Assets like drainage, culvert, pavements, roads, dams, reservoirs, canals, pipe lines,

tunnels, bridges, piers etc and all other civil works including township and

underground civil works except land, Property in transit within premises are

specifically included in schedule of assets. Properties in the course of demolition /

construction shall also be covered in the scope of coverage.

1.2 CLAIMS EXPERIENCE:

JKSPDC has taken Mega Risk Policy for Baglihar hydro Power Station for the

period from (2012-13), (2013-14) including the extended period and (2014-15),

and the claim experience during these periods is NIL respectively.

2.0 SCOPE OF INSURANCE COVERAGE:

Section/Nature

Re-

instatement

Value

STAGE-I Rs.

In Crore

Re-

instatement

Value STAGE-

II Rs. In Crore

Total Value

Rs. In Crore

1. Material Damage (MD)

2. Earthquake (including Plinth &

Foundation)

3. Machinery Breakdown

4. Business Interruption (MLOP+FLOP)

MLOP

FLOP

5. Terrorism Damage (MD+BI)

6. Third Party Liability (General Liability)

5901.67

5901.67

1160.41

1200

1200

7101.67

50

2088.36

2088.36

862.20

500

500

2588.36

50

7990.03

7990.03

2022.61

1700

1700

9690.03

100

2.1 All Risk Comprehensive Package Mega Policy for Baglihar Power Station shall consist of

various sections, as detailed in the bidding documents. The Scope of Insurance Coverage

along with extensions/ exclusions and relevant features are detailed with section wise Sum-

Insured.

2.2 SECTION-WISE SUM-INSURED

The details of Sum-Insured for respective Section/Risk nature are as follows:


Page No. 28

For Business Interruption:

Sum Insured for 18 months Indemnity Period - Rs. 1200.00 crs

2.3 DETAILS OF COVERAGE:

2.3.1

The Scope of Mega Risk Policy shall include 3x150 MW Baglihar Power station

Stage-I. This will include all plants, equipments, Buildings, township, Roads, Bridges,

Dams, Tunnels & other civil works, mechanical works, electrical works & Transmission

Lines etc. The policy wording provided is a draft outlining the covers and contains the

standard wordings. The add-on covers required will over-ride any policy wording stating

otherwise, for the similar risk. The final policy issued will not have mention of any

wording/ clause/exclusion which contradicts the cover required as per the tender and

as per the add-on covers. The policy coverage and terms and conditions shall be in

line with Mega Risk Policy and detailed coverage as above.

2.3.2

Loss limit for Transmission Lines shall be Rs. 100 crores or as prescribed in

current GIC guidelines, whichever is higher.

2.3.3 Loss Limit for Glacier Lake Outburst Flood: INR 500 crs AOA and in aggregate for

the policy period (Combined single limit for all the sections,MD+MB+LOP) or as

allowed under regulations, whichever is higher.

2.4 INDEMNITY PERIOD:

18 Months.

2.5 SUM INSURED

The Business Interruption sum-insured would be based on tariff applicable as per SERC

Annual Plant Availability Factor based on the normative plant availability factor

(NAPAF) etc.

2.6 UNDER-INSURANCE PROVISION

Under insurance to the extent of 10% for MEGA cover will not affect the claim.

2.7 Terrorism covers:


Page No. 29

Material Damage (MD) +Business Interruption (BI) shall be as under:-

(i) Loss/damage of the property specified in the Tender against physical loss or

physical Damage by an act or series of acts of terrorism.

(ii) Loss resulting from interruption of business relating to the premises affected by

an act or series of acts of Terrorism, caused by direct physical loss or damage

by an act or series of acts of terrorism.

2.8 Condition applicable to Terrorist Damage

A The indemnity limit of Rs. 1510 crores should be available to Baglihar Power

Station and any additions during the currency period of the policy.

B This policy shall be non- cancellable by the insurer/re-insurer.

C Intra-project Property in transit be covered also.

2.9 On account payment in respect of claim under policy.

a) On a/c payment of 75% – Within 6 weeks of submission of all claim papers for claims

upto Rs. 2 crs. and within 8 weeks for claims above Rs. 2 crs.

b) Balance Payment – within 30 days thereafter.

For delay in on account payment or balance payment, Insurance Co. shall pay interest

at prevailing SBI PLR rate for the delay from the scheduled date to the actual date of

payment.

End of section-III


Page No. 30

SECTION-IV

BID PROPOSAL SHEET





Director Finance,





Page No. 31

PACKAGE: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY FOR BAGLIHAR

HYDRO POWER STATION OF JKSPDC

TABLE OF CONTENTS

1.0 BID PROPOSAL SHEET – TECHNICAL AND COMMERCIAL BID

I Technical & Commercial Bid Form (Format -1)

Ii Re-Insurance Arrangement Details (Format -2)

Iii Bidder declaration (Format - 4)

Iv Undertaking for Non-Cartelization (Format - 5)

V Organization profile.

vi Check list for settlement of claims.

2.0 BID PROPOSAL SHEET - PRICE BID

I Price Bid Submission Form

II Price Schedule (Schedule - 1)


Page No. 32

To

Dear Sirs,

1.0 We hereby propose to provide the All Risk Mega Policy for Baglihar Power Station

as outlined in your bidding document.

We have understood the instructions and the terms and conditions mentioned in

the bidding documents furnished by you and have thoroughly examined the

detailed scope of coverage along with add on covers/Extensions and Exclusions

with other features laid down by you and are fully aware of nature and scope of

coverage required.

We hereby confirm our unconditional and complete acceptance and

compliance to the provisions and terms and conditions and scope of coverage

contained in the bidding documents. We declare that the Insurance Coverage

and Services will be rendered strictly in accordance with the requirement.

We hereby furnish our Technical & Commercial Bid comprising of:

i) Technical & Commercial Bid Submission Form (Format - 1)

ii) Organization Profile.

iii) Re Insurance Arrangement Details on their letter head in original (Format - 2)

iv) Bidder Declaration (Format – 4)

v) Undertaking (Format – 5)

2.0 Our Price Bid is being submitted in separate sealed envelopes as per the

requirement of bidding documents.

3.0 Our Bid Proposal shall remain valid for acceptance for a period of 60 days from

the last date of receipt of the 'Technical & Commercial Bid and price bid' by

JKSPDC.

Date.............. Signature...........................................

Place............. Name...............................................

Designation.......................................

Seal....................................

END OF SECTION IV


Page No. 33

SECTION-V

FORMAT & SCHEDULES





Director Finance,





Page No. 34

FORMAT-1

Page 1 of 1

TECHNICAL AND COMMERCIAL BID SUBMISSION FORM

SUB: Technical and Commercial Bid for All risk Comprehensive Package Mega Policy for

Baglihar Power Station.

Bid Ref No. and Date:

Bidder's Name and Address:

Person to be Contacted

- Name &Designation

Telephone No.

FAX No./ E-Mail


Page No. 35

FORMAT-2

PAGE 1 OF 2

RE-INSURANCE ARRANGEMENT DETAILS

BID REF. NO. & DATE:

1. Name & Address of Re-Insurance Company.

2. Name of the Contact Person (if any)

3. AM Best or S&P Rating or Equivalent Rating from International Rating Agencies of

the International Re-insurance Company.

4. National Re-Insurer details - GIC

5. Name of the Certifying Agency

6. Letter of Support from Re-Insurance Company in favour of bidder towards JKSPDC

quotes on their letter head with bid reference as per enclosed format at page 2 of

Format-2

Date: ________________ Signature ____________________

Place___________ Name________________________

Designation___________________

Seal _________________________


Page No. 36

FORMAT -2

PAGE 2 OF 2

ON LETTER HEAD OF RE-INSURER

Date: …………..

SUB: SUPPORT LETTER FOR JKSPDC – PROPERTY DAMAGE/BUSINESS INTERRUPTION RE-

INSURANCE QUOTE AGAINST JKSPDC TENDER FOR ALL RISK COMPREHENSIVE PACKAGE

MEGA POLICY 2015-16.

We hereby confirm that we, M/s ……………….. is rated ……….. by AM Best or S&P Rating

or equivalent rating from international rating agencies of the International Re-Insurance

Company as at today’s date.

We confirm that we have provided a re-insurance quotation for Baglihar Hydro Power

Station of JKSPDC for Mega Risk Policy for the period from 23-10-2015 to 22-10-2016. We

will provide re-insurance support in case M/s …………………..is awarded the insurance

policy.

Sd……

Seal….


Page No. 37

Page 1 of 2

PRICE BID SUBISSION FORM

SUB.: Price Bid for All Risk Comprehensive Package Mega Policy for BAGLIHAR HYDRO

POWER STATION OF JKSPDC.

Bid Ref No. and Date.

Bidder's Name and Address

Person to be contacted - Name & Designation

Telephone No. FAX No. / E-Mail

To,

Dear Sirs,

1.0 We hereby propose to provide the All Risk Comprehensive Package Mega Policy

for Baglihar Power Station as outlined in your bidding documents.

We have understood the instructions and the terms and conditions mentioned in

the bidding documents furnished by you and have thoroughly examined the

detailed Scope of Insurance Coverage along with Extensions and Exclusions with

other features laid down by you and are fully aware of nature and scope of

coverage required.

We hereby confirm our unconditional and complete acceptance and

compliance to the provisions contained in the bidding documents. We declare

that the Insurance Coverage and Services will be rendered strictly in accordance

with the requirement.

2.0 We declare that the following are our total Insurance Premium prices in Indian

Rupees on firm price basis for the entire Scope of Insurance Coverage detailed in

Bidding Documents.


Page No. 38

Page 2 of 2

Total Premium for the entire scope of Insurance Coverage and Services for sum insured

given in Price Schedule (Fire + Earthquake + MBD + FLOP +MLOP+Terrorism + Third Party

Liability)

i) In figures __________________________________________

ii) In words __________________________________________

(Break up of Premium Rates and Total Premiums separately for each area of risk is

given in the price schedule duly filled in by us & enclosed herewith.

3.0 We declare that the above quoted Premium Rates & total Premium are firm and

shall not be subject to any variation for the entire period of the Insurance Policy.

We further declare that the above quoted prices include all taxes, duties and

levies payable by us under aforesaid assignment.

4.0 Our Bid Proposal shall remain valid for acceptance for a period of 60 days from

the last date of receipt of ‘Technical & Commercial Bid and price bid’ by JKSPDC.

5.0 The Premium Rate for Cover(s) left blank, “-“in the Price Schedule, then it shall be

deemed to have been included in other Cover(s).

Date …........... Signature …..........................................

Place ….......... Name …................................................

Designation …......................................

Seal….....................................................


Page No. 39

SCHEDULE-1

PAGE 1 OF 2

PRICE SCHEDULE

A For All Risk Comprehensive Package Mega Insurance Policy of Baglihar H.E Project

S.No Cover Sum Insured Net Premium

rate

Premium amount

in Rs.

1.

Mega Cover

including Add- on

covers as per Cl. No.

1.1.3 i

Rs. 7990.03 crore

2. Earthquake Rs.7990.03 crs

3. MBD Rs. 2022.61 crs

4. BI-FLOP Rs.1700.00 crs

5. BI-MLOP Rs.1700.00 crs

5. Terrorism (MD+BI) Rs.9690.03 crs.

6. Third Party Liability Rs 100 crs.

Total Premium

Add Service tax

Total Premium payable

The Valaution of assets of Baglihar Hydro-power stations has already been done for the

period 2015-16. However, JKSPDC reserves the right to revise (upward or downward) the

same within 60 days of inception of cover based on valuation report. Additional premium

/ refund of premium, if any, shall be done by the respective party within 15 days from the

date JKSDPC communicates its decision on the revision of sum insured/

JKSPDC reserves the right to revise the sum insured (upward or downward) and to

communicate its decision regarding the revised sum insured within a further period of 30

days from the date of completion of 90 days from the issue of letter of award. However,

any claim arising during this period, insurer shall be responsible to pay the claim without

any under insurance, over insurance as the case may be.


Page No. 40

PAGE 2 OF 2

The adequacy of re-insurance protection should be as per IRDA guidelines viz. not less

than A+ rated international re-insurance company or BB+ rated insurance company in

case of GIC. However, claims under this policy will be settled directly by insurance

company with JKSPDC and not by the re-insurer.

Date …........... Signature …..........................................

Place ….......... Name …................................................

Designation …......................................

Seal….....................................................


Page No. 41

FORMAT - 4

Bidder’s Declaration

We hereby confirm that:

1. We accept all the terms & conditions of the tender documents in Toto.

2. The rate of Premium quoted is not more than that charged from other Govt.

Department/PSU.

3. No additional payment/premium shall be demanded at later stage on account of

discount offered / less premium offered, if any.

4. No brokerage / commission is considered at all in the price schedule.

5. The premium quoted is for All Risk Comprehensive Package Mega policy along

with EQ, MBD, Terrorism cover, Third Party Liability, FLOP, MLOP and for the

scope, extensions & exclusions mentioned in the tender documents.

6. The Premium Rate for Cover(s) left blank, “-“in the Price Schedule, then it shall

be deemed to have been included in other Cover(s).

Date …........... Signature …..........................................

Place ….......... Name …................................................

Designation …......................................

Seal….....................................................


Page No. 42

FORMAT – 5

Undertaking for Non-Cartelization

I, ________________ (Mr. /Ms. ABC XYZ, General Manager/ Authorized person from Head

Office) of M/s _________________ (name of insurance company) do hereby confirm that

our quotation is purely based on our assessment of your risk and that there have been no

meetings or any kind of tie ups or understanding of whatsoever nature to bid together

with other insurers who were invited by JKSPDC to participate in the bid.

We will not share the premium under this policy, either directly or indirectly, with any

unsuccessful Bidder.

(Signature)

(Mr. /Ms. ABC XYZ)

(General Manager/ Authorized person from Head Office)

END OF SECTION V