Property_Manu - Final - The New India Assurance Co. Ltd.

The New India Assurance Co.Ltd.Empanelment of Vendors for Execution ofMaintenance WorksWhile empanelling vendors to be utilized for limited tenders as prescribed in this procedure, theyshould be grouped into two following categories:Category-1For Civil and allied Contracts – Engineers or firms having capabilities, experience, license andprofessionals to carry out civil jobs.Category-2For electro Mechanical and allied contracts – Engineers or firms having capabilities, experience,license and professionals to carry out electro mechanical jobs.The panel should be reasonably broad based in order to generate competitions for gettingcompetitive rates backed by efficiency and quality.For preparation of such panel advertisement should be given in three newspapers (vernacular,Hindi and English) to display advertisement for issuance of Tender Documents. The panel ofcontractors so formed should be updated in every 2 years by including new names of thecontractors who have applied for empanelment and deleting the names of those whoseperformance is not satisfactory.TENDERTender is the basic document furnishing all essential details about the work, cost, duration, locationetc. for information of the indenting contractors, to study, understand and quote the rates alongwith his willingness for executing the job, as required, if selected.The tender has to be drawn with detailed specifications of all the items along with estimatedquantity. At the prevailing market rate for these items, the tender cost should be arrived. Thetender cost is the basis for: -(1) Deciding the quantum of all blank tender form cost.(2) Deciding the quantum of earnest money deposit (EMD).106 MANUAL ON ESTATE & ESTABLISHMENT