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

The New India Assurance Co.Ltd.Opening of Financial/ Commercial Bids of the qualified Bidders, evaluation, preparation ofComparative Statement and selection of L-1 biddersNegotiation with the L-1 Bidder, if necessary as per CVC guidelines and confirmation in writingfrom the L-1 bidder about the reduced price, if agreed.Detailed note along with the above information to the Competent Authority for obtaining actualfinancial approval as per rate quoted and accepted by the L-1 Bidder plus contingencies whereverapplicable and also for approval of release of work order.CONSULTANTConsultant is required by the Company due to lack of in-house expertise in technical matters inmost of the offices. The appointment of Consultant must be done in transparent manners andthey must have accountability to the Company while rendering services. They should not beused as shield to evade responsibility. Consultant should be appointed in case of open tender.For other job work beyond Rs.2 lakh Consultant/ Architect may be considered for appointmentonly in case of non-availability of in-house expertise.i. Empanelment of ConsultantOur Company normally executes civil and electro-mechanical jobs. So Consultant shouldbe empanelled for these two categories.For empanelment advertisement should be given in newspaper as display advertisementfor issuance of application form for empanelment. The application format should be devisedin such a manner to collect inter-alia the following information supported by documentaryevidence.lTechnical QualificationlExperience in particular fieldlCredentials for supervision/ executing jobs from well established organizationlLatest Income Tax return with PANlService tax registration No.Such applications should be scrutinized by Tender Committee and the panel so formedmust be approved by GM (E)/ RO Incharge. The panel should be updated in every threeyears by including new names who have applied for empanelment under respective categorybased on their eligibility and deleting the names of those whose performance is notsatisfactory.122 MANUAL ON ESTATE & ESTABLISHMENT