Comprehensive Insurance for Verka Dairy Ludhiana Plant, Machinery, and Buildings

Work Description - Insurance Of Plant, Machinery And Building (whole Plant/unit Including New Expansion Projects) Against Fire, Special Perils, Earthquake And Fst Risks/stfi Risks (storm, Tempest, Flood, Inundation, Hurricane, Cyclone, Tornado) Etc.

The Department of Cooperation, through its Milkfed (Verka) division, specifically Verka Dairy Ludhiana, is issuing an open tender for the provision of comprehensive insurance services for its plant, machinery, and buildings. This vital coverage will extend to the entire operational plant, including any new expansion projects, and will protect against a range of risks. These risks encompass fire, special perils, earthquake, and FST/STFI (Storm, Tempest, Flood, Inundation, Hurricane, Cyclone, Tornado) events. The tender, identified by Tender Reference Number 2026-27/008 and Tender ID 2026_Coop_171488_1, is categorized under Miscellaneous Services. Bidders are required to submit their proposals in two covers: Cover 1 for fee/pre-qualification/technical aspects (in PDF format) and Cover 2 for the financial bid (in XLS format). The tender document download and bid submission period commences on July 7, 2026, at 3:00 PM and concludes on August 10, 2026, at 1:00 PM. A pre-bid meeting is scheduled for July 16, 2026, at 3:00 PM at Verka Milk Plant, Ferozepur Road, Ludhiana. The bid opening will take place on August 11, 2026, at 11:30 AM at the same location. The overall tender fee is ₹1,500, comprising a processing fee of ₹1,000 and a tender fee of ₹500, payable online. While the EMD is listed as ₹0.00, bidders should refer to the tender document for specific details regarding EMD requirements and exemptions. The contract is envisioned as a Rate Contract with a work period of 365 days and a bid validity of 120 days. Prospective applicants are strongly advised to meticulously review all enclosed tender documents, including the NIT and Work Item Documents, for detailed specifications and eligibility criteria.