52
Tender document for Mega Risk Insurance of BHEP year 2014-15 1 TENDER DOCUMENT FOR ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY FOR HYDRO POWER STATION OF JKSPDCL 3X150 MW BAGLIHAR PROJECT. FOR THE YEAR (2014-15)

ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

  • Upload
    lamnhu

  • View
    222

  • Download
    3

Embed Size (px)

Citation preview

Page 1: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 1

TENDER DOCUMENT

FOR

ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY FOR HYDRO

POWER STATION OF JKSPDCL 3X150 MW BAGLIHAR PROJECT.

FOR THE YEAR (2014-15)

Page 2: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 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 22

04. CONDITIONS OF POLICY II 23 to 29

05. SCOPE OF COVERAGE III 30 to 36

06. BID PROPOSAL SHEET IV 37 to 40

07. FORMATS & SCHEDULES V 41 to 51

08. VALUATION SUMMERY VI 52

Page 3: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 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 sometimes goes subzero. Snows in winter and rains are frequent from February to April. The Power Hose was commissioned in October 2008 and started commercial generation on 1st April 2009. Over these years the power house is performing quite satisfactory 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- 428.28 M m³ 840 masl) 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)

Type of gate Radial Gates with Hydraulic Hoists

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

Page 4: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 4

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 Capacity 430 cumecs WORKS)

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 Capacity 430 cumecs WORKS)

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 / Number Three PENSTOCKS

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 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 716.85m Level

Page 5: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 5

Minimum operating Tail water 702.38m Level ACESS TUNNEL TO Size 7.5m D-Shaped P/HOUSE

Length 354.8m SWITCHYARD Size 60m x 30m TAILRACE TUNNEL Shape D- Shaped Size 9m (w) x 19 to 27.5m (h)

Length 130m

Discharge 430 cumec POWER PLANT Turbines Francis EQUIPMENT

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 141 MW mean discharge) Annual energy generation

90% availability year 2800 GWH TRANSMITION LINES Total Length 67.93 K.M

Description 400 KV double circuit Twin moose conductors, comprising of 215 towers

POWER OUTPUT Installed Capacity 3 x 150 MW Minimum mean discharge 125.89 cumec

Firm power (based on minimum 141 MW mean discharge) Annual energy generation

90% availability year 2800 GWH

Page 6: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 6

OFFICE OF THE CHIEF ENGINEER (ELECTRIC)

BAGLIHAR HYDRO ELECTRIC PROJECT CHANDERKOTE Email [email protected] Tel / fax – 01998- 288376 NIT No: CEE/BHEP/ 02 of 2014 dated: 22-08-2014

SHORT TERM TENDER NOTICE For and on behalf of the Managing Director, Jammu and Kashmir State Power Development Corporation, sealed tenders affixed with Revenue stamp worth Rs 5/- (Rupees five only) valid for 120 days from the date of receipt of the tenders are invited from the Public Sector General Insurance Companies and Private Sector Insurance Company by the Chief Engineer (E), Baglihar Hydro Electric Project-1 Chanderkote 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. Description Period of Contract Value (in Crores) 1.Fire and allied perils like Fire; Lightning; 23-09-2014 to 5183.70 Explosion / implosion,; 22-09-2015 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. 2. Earthquake (Fire and Shock) 5183.70 3. Plant & Machinery including Electronic equipment/Transmission Line. 1126.00 4. Generation Loss (BI)

FLOP 1200.00 MLOP 1200.00

5. Terrorism (PD + BI) 6383.70 6. Third Party Liability (General Liability) 50.00

Page 7: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 7

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

Envelope I Technical & Commercial bid. Envelope II Price Bid.

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 2014-15” 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 at 2:00 P.M. 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” & “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.

Page 8: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 8

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 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 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 120 days from the 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. Clarification by the Bidders on the Up to 28-08-2014 Bidding documents.

2. Pre Bid Meeting at Delhi 29-08-2014 (Time & Venue specified later)

3. Last date of receipt of bids at Corporate office Srinagar. 08-09-2014 up to 2:00 PM

4. Date of opening of Technical & 08-09-2014 at 2:00 PM

Commercial bid. At JKSPDC Corp office, Srinagar

5. 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 proceeding

Page 9: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 9

14. The tenders shall be received in the office of Chief Engineer (E) BHEP through Registered / Speed post / Courier or by hand only.

Chief Engineer (E) ` Baglihar HE Project

Chanderkote. No. CEE/BHEP/11A/969-85 Dated:22-08-2014

Copy to:

1. Managing Director JKSPDC Jammu/Srinagar for information. 2. Director Finance JKSPDC Jammu/Srinagar for information. 3. Chief Engineer (Civil) Baglihar H.E. Project Chanderkote for information. 4. CGM Corp office JKSPDC for information. 5. S.G.M (Elect)JKSPDC Srinagar for information. 6. Superintending Engineer BHEP-I (E) Chanderkote for information, 7. Company Secretary JKSPDC for inf and uploading of the NIT on the official website

of JKSPDC 8-12Executive Engineer Gen. Div /400 KV TLD / EPD /CMD/Mech Div.BHEP for inf.

13. Chief Pay & Account officer BHEP-1 Chanderkote for information. 14. All General Insurance Companies GIC licenced by IRDA

15. M/s JK Risk Managers and Insurance Brokers Ltd. 16.. M/s India Insure Risk Management & Insurance Broking Services Pvt. Ltd. 17. PS to MD – JKSPDC for information to MD

Page 10: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 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 23.09.2014 to 22.09.2015)

Chief Engineer(E) Baglihar Hydro Electric Project

JKSPDC Chanderkote Distt. Ramban(J&K)-182143

Page 11: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 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 with the assistance of the nominated Insurance

consultants JK Insurance Brokers and India Insure 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, without

assigning any reasons whatsoever.

Page 12: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 12

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) BID PROPOSAL SHEET Section IV v) FORMAT & SCHEDULES Section V

2.2 Bidders may seek clarification on the bidding documents,

if required, within seven days of issue of bidding documents. Any clarification sought must be sent in writing to the following address: & E-Mail

Chief Engineer (Electrical) Baglihar Hydro Electric Project Chanderkote, Ramban J&K State -182143 To: [email protected]; [email protected] CC: [email protected]

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.

Page 13: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 13

3.0 INSTRUCTIONS FOR PREPARATION OF BID PROPOSALS: 3.1 Bid Proposals complete in all respect, 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) Additional covers that can be provided by the Bidder if any c) Extensions, exclusions & other features. d) Other terms and conditions e) Bid Proposal Sheets.

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

Page 14: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 14

i) The detailed clientage such as names of the clients, details of the coverage, premium amount, Co-Insurers share and Re-Insurance arrangement etc. for risks 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) from 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) Draft Policy Wordings

iv) Bidder declaration (Format-4)

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

vi) Organization 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

Page 15: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 15

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 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. 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

Page 16: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 16

taxes, duties & other levies prevailing on 31-07-2014. 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 120 days

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

3.5.6. Any optional item’s rate/quote shall not be considered for the

purpose of evaluation. No separate discount should be quoted in separate envelope. The rebate / discount shall be considered while determining Contract Price during evaluation. Discount to be given should be on price bid itself in percentage term.

3.5.7 In case the claim experience (claims lodged minus

deductibles) for the first ten (10) months of the first year policy does not exceeds 70% of the premium, then the policy at the request of insured shall be renewed on the same rates & terms and conditions if so desired by JKSPDC.

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 exceeds 70% of the premium, then the policy at the request of JKSPDC can be extended for a period ranging between 3 to 12 months with same terms and conditions on pro-rata basis.

Page 17: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 17

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 and 3.4.3 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 (with ratings 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 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 2014-15” and opening date super-scribed and indicating the name & address of the Bidders.

Page 18: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 18

4.6 The envelope containing envelops No. 1 & 2 should be

marked as “to be opened by addressee only” & addressed to:-

GM Technical JKSPDC corp office, Shaw inn, Boulevard, Srinagar-190001 Jammu & Kashmir

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 late 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”.

Page 19: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 19

5.3 JKSPDC along with their nominated Insurance consultants JK

Insurance brokers and India Insure will determine whether the Price 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 not been quoted for, it shall be presumed the risks have been covered and their price have been included in the rates quoted.

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

shall be provided to JKSPDC without any financial implication to JKSPDC.

5.6 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 in to rejection of bid and may impact future insurance relationship.

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

those lowest bidders (L-1) shall be asked to participate in the Snap bidding at JKSPDC Ltd office and they will be required to submit their fresh financial bid on spot basis. In case o 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

Page 20: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 20

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 any thing 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

Page 21: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 21

affect the execution of a contract; (b) A Bid may be rejected by the Employer if it is determined at any

stage 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:

Page 22: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 22

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 dealing for any good and sufficient reason).

End of section-I

Page 23: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15

SECTION-II

CONDITIONS OF POLICY

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 23.09.2014 to 22.09.2015)

Chief Engineer(E) Baglihar Hydro Electric Project

JKSPDC Chanderkote Distt. Ramban(J&K)-182143

Page 24: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 24

CONDITIONS OF ALL RISK COMPREHENSIVE PACKAGE MEGA 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) Sum insured in All Risk Comprehensive Package Mega Policy shall be based on re-instatement value as per the prevailing practice and norms.

b) Total Sum-Insured under Fire, EQ, MBD, FLOP, MLOP & Terrorism is the cost of insurable assets of Baglihar Power Station as per valuation done by IRDA accredited and JKSPDC appointed Insurance Consultants “ M/S JK Risk Managers and Insurance Brokers Ltd and M/S. India Insure Risk Managers and Insurance Broker Pvt Ltd.” for the period 2014-15. The component-wise value of work is detailed at Annexure-I .

c) Sum-Insured under Business Interruption (BI)/Loss of Profit (LOP) is based on projections of performance of Power stations. 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

Page 25: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 25

discretion of JKSPDC during the currency of the policy with pro-rata adjustment of premium.

3. EXTENSIONS 3.1 Shifting of damage equipments from existing location after

Dismantling and re-erection, re-testing and commissioning at any other location and vice versa within the premises of power Station shall also be covered in this policy.

4. EXCLUSIONS

4.1 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 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.

5. UNDER INSURANCE

Under insurance up to 20% shall be ignored/waived off at the time of settlement of claim for all sections of the Policy subject to policy guidelines.

6. 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.

Page 26: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 26

7.0 INSURER AND THEIR RESPONSIBILITY a) INSURER

Evaluated L-1 bidders shall consult JKSPDC and their appointed insurance consultants “ M/S JK Risk Managers and Insurance Brokers Ltd and M/S. India Insure Risk Management and Insurance Broking Services Pvt Ltd.” to finalize policy wording 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.

8. 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.

9. PANEL OF SURVEYORS

Insurer and JKSPDC’s appointed insurance consultants “M/S JK Risk Managers and Insurance Brokers Ltd and M/S. India Insure Risk Management and Insurance Broking Services Pvt Ltd.” shall make panel of surveyors for the purpose of handling JKSPDC claims. JKSPDC may also use its discretion in deputing surveyors from the panel, when required.

10. CHECK LIST

The bidder should submit along with the bid standard checklist of documentation required for early settlement and on-account

Page 27: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 27

payment of claims. However the checklist shall be further finalized keeping in view the availability of various aspects/documents.

11. REVIEW MEETINGS

Insurer will develop effective Management Information System (MIS) for facilitating effective implementation of the Policy and early settlement of the claims. Co-coordinator at Power station shall be identified for periodical review meetings for monitoring progress of different activities.

12. 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 Programme at no extra cost, for selected personnel of JKSPDC.

13. 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.

14. CLAIMS PROCEDURE AND MANAGEMENT

In case of a claim, the insurance company shall immediately depute or authorize JKSPDC to call a surveyor(s) from the approved panel

Page 28: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 28

of Insurer, but not later than 48 hours of the receipt of intimation from the insured.

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.

15. OPERATION AND MAINTENANCE OF POLICY

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.

16. 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.

17. SETTLEMENT OF DISPUTES:

In 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)

Page 29: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 29

days from the date on which the dispute(s) or difference(s) arose, such dispute(s) 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 arbiters. In case of difference(s), the third arbitrator shall be appointed by the Hon’ble Chief Justice of J & K High Court or the Institution or the Authority nominated/authorized by him in this regard. The arbitration proceedings shall be in accordance with the J&K Arbitration and Conciliation act 1997 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.

18. GOVERNING LAWS & JURISDICTION

The Insurance Policy shall be governed and interpreted in accordance with the law for the time being in force in the State of Jammu & Kashmir. The Courts of J&K shall have exclusive jurisdiction in all matters arising out of this agreement.

19.(a) Nodal Officer/ Incharge:

Executive Engineer Generation Division BHEP-I will be the nodal of JKSPDC during the currency of this contract.

19.(b) Paying Authority:

Chief Pay & account Officer BHEP shall be the paying authority .

End of section-II

Page 30: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 30

SECTION-III

SCOPE OF COVERAGE

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 23.09.2014 to 22.09.2015)

Chief Engineer (E) Baglihar Hydro Electric Project

JKSPDC Chanderkote Distt. Ramban(J&K)-182143

Page 31: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 31

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

5% of Claim amount subject to Minimum of Rs 1 crore for material damage & for Business interruption (BI) 14 days of Standard gross profit.

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

Page 32: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 32

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

Deductible for property under course of construction/erection to be Rs 5 lacs for each & every loss

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 / 10 cr

Erection

Plans, Documents & Computer Records 10 cr

Expediting expenses including Airfreight 25 cr

Temporary removal 50 cr

Deliberate damage 5 cr

Architects, Surveyors, & Consulting 10 cr

Engineers fees

Removal of Debris and/or Cost of 10 cr

Demolition

Loss minimization / Loss prevention 5cr

Expenses

Capital additions / Newly Acquired 100 cr

Property / Interest

Foam consumption and fire 10 cr

extinguishing expenses

Inland Transit 20 cr

Underinsurance 20%

Page 33: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 33

Escalation Clause 10%

Omission to Insure Additions, Alterations 50 cr

or Extensions

Immediate repair/relief 1 cr

Auditors clause 15 lacs

Additional Customs Duty 10 Crs.

Property not in the insured Premises but in Offsite Premises 25 Crs.

Document & File reproduction cost 5% of Claim Amt

Designation of Property clause Yes

Public Authorities Clause Yes

Property in care, custody and control of Insured 5 Crs.

Claims Preparation Clause - FLOP 5% of Claim Amt

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.

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 policy period 2012-13 and 2013-14 including the extended period, and the claim experience during these periods is NIL respectively.

Page 34: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 34

2.0 SCOPE OF INSURANCE COVERAGE: 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:

S.No Section/ Nature Sum Insured 1. Material Damage (MD). Rs 5183.70 Crs 2. Earthquake (including plinth & foundation) Rs 5183.70 Crs 3. Machinery Breakdown (MB) Rs. 1126.0 Crs 4. Business Interruption (FLOP + MLOP) FLOP Rs.1200.00 Crs MLOP Rs. 1200.00Crs 5. Terrorist Damage (MD +BI) Rs 6383.70 crs 6. Third Party Liability Rs. 50 Crs

The valuation of assets of power stations has already been done for the period 2014-15. However JKSPDC reserves the right to revise (upward or downward) the same within 120 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 JKSPDC communicates its decision on the revision of the sum insured.

For BI:

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

Page 35: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 35

2.3 DETAILS OF COVERAGE: 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 contain 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 Power Station’s Assets wise break up (under broad head) of the replacement cost and sum insured under BI cover is attached as Annexure I. The policy coverage and terms and conditions shall be in line with Mega Risk Policy and detailed coverage as above. 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 20% for MEGA cover will not affect the claim. 2.7 Terrorism covers: 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.

Page 36: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 36

(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. 1,510 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 37: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15

SECTION-IV

BID PROPOSAL SHEET

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 23.09.2014 to 22.09.2015)

Chief Engineer(E) Baglihar Hydro Electric Project

JKSPDC Chanderkote Distt. Ramban(J&K)-182143

Page 38: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 38

PACKAGE: ALL RISK COMPREHENSIVE PACKAGE MEGA 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) vi Organization Profile vii Check List for settlement of claims. 2.0 BID PROPOSAL SHEET - PRICE BID i Price Bid Submission Form ii Price Schedule (Schedule - 1)

Page 39: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 39

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 Bids is being submitted in separate sealed envelopes as per

the requirement of bidding documents.

Page 40: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 40

3.0 Our Bid Proposal shall remain valid for acceptance for a period of 120 days from the Last date of submission the 'Technical & Commercial Bid and price bid' by JKSPDC.

Date.............. Signature........................................... Place............. Name...............................................

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

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

End of section-IV

Page 41: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15

SECTION-V

FORMAT & SCHEDULES

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 23.09.2014 to 22.09.2015)

Chief Engineer(E) Baglihar Hydro Electric Project

JKSPDC Chanderkote Distt. Ramban(J&K)-182143

Page 42: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 42

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 43: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 43

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 detail – 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 44: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 44

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 2014-15. 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 23-09-2014 to 22-09-2015. We will provide re-insurance support in case M/s …………………..is awarded the insurance policy.

Sd……

Seal….

Page 45: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 45

Page 1 of 3

PRICE BID SUBMISSION 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.

Page 46: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 46

Page 2 of 3

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:-

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.

Page 47: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 47

Page 3 of 3

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

120 days from the last date of receipt of the ‘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 48: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 48

SCHEDULE-1 PAGE 1 OF 2

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

Premium

S.No Cover Sum Insured Premium

amount in Rs.

rate

Mega Cover

1. including Add- on Rs. 5183.70Crs

covers as per Cl.

No. 1.1.3 i

2. Earthquake Rs. 5183.70 Crs

3. MBD Rs.1126.00 Crs.

4. BI - FLOP Rs.1200.00 Crs

5. BI - MLOP Rs.1200.00 Crs

6. Terrorism (MD+BI) Rs. 6383.70 Crs.

7. Third Party Liability Rs 50.00 Crs.

Total Premium

Add Service tax

Total Premium

The valuation of assets of Baglihar Hydro power stations has already been done for the period 2014-15. However JKSPDC reserves the right to revise (upward or downward) the same within 120 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 JKSPDC communicates its decision on the revision of the 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 underinsurance/over insurance as the case may be.

Page 49: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 49

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 Reinsurance 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 50: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 50

FORMAT - 4

Bidder’s Declaration We hereby confirm that:

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

2. The Premium quoted is not more than that charged from other Govt. deptt/PSU.

3. No additional payment/premium shall be demanded at later stage on account of discount offered / less premium offered, if any.

4. 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.

5. 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 51: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 51

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)

Page 52: ALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY · PDF fileALL RISK COMPREHENSIVE PACKAGE MEGA INSURANCE POLICY ... SWITCHYARD Size ... Chanderkote for All Risk Comprehensive

Tender document for Mega Risk Insurance of BHEP year 2014-15 52

ANNEXURE – 1

VALUATION SUMMARY

VALUATION SUMMARY - BAGLIHAR HYDRO POWER PROJECT -1, CHANDERKOTE, DISTT. RAMBAN, JAMMU & KASHMIR

Sr. No. Description

INR IN CRORES Value Reinstatement Values

1 Infrastructure Work 63.95 149.74

2 Main Civil and Hydro Work 1858.41 4144.02

3 Electro Mechanical Work

439.72

674.83

Sub Total 2486.70 4968.59 1 Transmission Lines 148.42 196.65 2 Pot Head Yard 6.50 10.42 Sub Total 154.92 207.07 1 Cost of Cables 3.78 6.09

2 Civil Structures

1.94 Sub Total 5.78 8.03 Grand Total 2645.40 5183.70