Date: 2nd Dec 2015

The Manager
Insurance Company Limited
Address:
Dear Sir/ Madam,
Re: Request for quote for CAR (Contractors All Risk) Insurance as
regards M/s. Gayatri Projects Limited
We have been authorized by M/s. Gayatri Projects Limited to deal with
insurance companies to negotiate program terms and obtain premium
quotations on the basis of the following information, please provide your best
coverage terms and premium quotation at the earliest, but not later than the
target date mentioned in this RFQ.
RFQ For CAR Insurance
Insureds Name / Contractor
M/s. Gayatri Projects Limited CONTRACTOR
Address
6-3-1090, TSR Towers, T S R Bhavan,
Somajiguda, Hyderabad 500 082
Principals Name and Address National Highways Authority of India PRINCIPAL
(Ministry of Road Transport and Highways),
G-5 & 6, Sector 10, Dwaraka, NEW DELHI
110075
Contractors Name and
M/s. Gayatri Projects Limited
Address
CONTRACTOR
6-3-1090, TSR Towers, T S R Bhavan,
Somajiguda, Hyderabad 500 082
Sub-Contractors Name and
There are contractors and sub contractor and
Address
the policy shall extend their insurance too
Rehabilitation and augmentation of the
existing road from Km 180.420 to Km 240.340
Project Name / Details/
(approximately 59.947 Km) on the Ghagra
Description
Bridge to Varanasi section of National Highway
no. 233 (NH-233) in the state of Uttar Pradesh
by Four Laning on Engineering, Procurement
and Construction (EPC basis), Package I under
NHDP Phase I
The work site falls under plain area.
Existing road from Km 180.420 to Km 240.340
(approximately 59.947 Km) on the Ghagra
Location Of The Project
Bridge to Varanasi section of National Highway
no. 233 (NH-233) in the state of Uttar Pradesh
Under, Package I under NHDP Phase I
The work site falls under plain area.
Project Period
30 Months
Period of Insurance
TBA
Extended Maintenance Period 48 Months
Section I - Material Damage
Civil Works
Rs.741,,00,00,000/Camp Office, Office Sheds etc. Rs.3,00,00,000/- per location and for all

Plot no. 177, Phase II Kamalapuri Colony, Hyderabad -73 Ph - +91(40)235556467,

Fax +91(040)23556729

CPM and Shuttering Materials

TOTAL SUM INSURED

locations maximum of Rs.10,00,00,000/Rs.25,00,000/Rs.751,25,00,000/-

Section II Third Party Liability With Cross liability

Minimum Liability Limit For Any
One Project Period
Property Damage And Bodily Occurrence and in
Injury Arising Out Of Project Aggregate
Work
Up to Rs.25.00 Crore Project Period 30 months
Add on Covers / Extensions/Clauses
Earthquake
Yes
STFI
Yes
Principals
Surrounding Yes, up to 10% of sum insured with FLEXA risk
Property
Debris Removal
Yes, Rs.25.00 crore per occurrence and in
aggregate
De watering expenses cover
Yes, maximum 1% of the claim amount
under Debris removal
Extended Maintenance
Yes, 48 months
Escalation
Yes, up to 25% of Total Sum Insured
Offsite Storage / Fabrication
Yes
Third party with cross liability Yes
Plans,
Drawings
And Yes, Rs.50.00 lakhs
Documents
Design Defect
Yes, DE-3
Waiver Of Subrogation Clause Yes, should be restricted between principal
and contractor and should not be waived for
others
Put to use clause
Yes, for 30 months
Automatic Reinstatement of
Yes
The Sum Insured.
50 / 50 Clause
Yes
72 Hours Clause
Yes
Loss minimization expenses
Yes, on actuals
Professional fee
Yes, on actuals
Waiver of Contribution Clause Yes, should be restricted between Principal
and Contractor and should not be waived for
others
Expediting cost incl Air Freight Yes, 30% of the net claim amount
and Express Freight
Amendment in Firefighting
Yes
endorsement wordings
Additional customs duty
Yes, up to 10.00 crore
Multiple Insured Clause
Yes
On Account Payment Clause
Yes
Agreed Bank Clause
Yes

Plot no. 177, Phase II Kamalapuri Colony, Hyderabad -73 Ph - +91(40)235556467,

Fax +91(040)23556729

Deductible

Normal

5
Times

Times
5%
of
the
claim
amount subject to
Normal Claims
minimum
of
Rs
25,000/10% of the claim
AOG Claims / Major Peril Claims amount subject to
/ Collapse Claims
minimum
of
Rs
1,00,000/Maintenance Claims
10% of the claim
amount subject to
minimum
of
Rs
1,00,000/Design Defect Claims
5 times of AOG Claims
Any Other Underwriting
Nil
Information
By 11.00 a.m. on 2nd December 2015
Quote required latest by
Contact for clarifications/
information (Name & telephone Y S Pandarinath
No)
# 880 1591 123
List of Annexure/ documents
Abstract of the cost estimate for the project is
attached herewith in pdf file

FOR THE USE OF

INSURANCE COMPANY
ONLY
Premium
Service Tax
Total Premium
Special Condition/ Notes if
any
Thanking You
(Authorized Signatory)

Plot no. 177, Phase II Kamalapuri Colony, Hyderabad -73 Ph - +91(40)235556467,

Fax +91(040)23556729