Securities and Exchange Commission
Plot 272/273, Samuel Adesujo Ademulegun Street
Central Business District Abuja
E-mail: sec@sec.gov.ng Website: www.sec.gov.ng
Invitation for Bids
1.0 Introduction
The Securities and Exchange Commission is a statutory organization established by the Investments and Securities Act (ISA) NO. 29, 2007. It is empowered by the Act to regulate and develop the Nigerian Capital Market.
The Securities and Exchange Commission of Nigeria invites Technical and Financial bids from competent, credible and qualified Insurance Brokers for the purpose or Group life policy for the period of 2012/2013. The insurance coverage would be an annual contract and shall be renewable at the end of each coverage year.
2.0 Scope of Work
a) Provide insurance cover to the Commission’s staff against death;
b) Give professional service in the field of risk management strategies appropriate to Commission’s risk profile;
c) Enlighten the insured about all available policies for each type of risk;
d) To look into regular policies plus endorsement or additional polices to fill in exclusion in the regular policy;
e) Ensure a more comprehensive cover is issued at a minimum cost and prompt claim settlement as stipulated in Pension Reform Act 2004.
3.0 Pre-Qualification Requirements
Interested firms should include-in the Submission:
a) Evidence of registration with Corporate Affairs Commission
b) Full details of the Company’s profile,
c) CV’s of key personnel, showing experience and technical qualification,
d) Evidence of registration of the Company’s and principal officers with relevant professional bodies.
e) List and verifiable evidence of similar jobs previously handled stating the values, clients and reference persons.
f) Proposal should include methodology, work plan, cost duration and logistics in performing the assignment.
g) Tax clearance for 3 years.
h) VAT registration certificate.
i) Full office address and GSM numbers of contact persons.
j) Company’s Audited Accounts for 3 years.
k) Bank reference.
l) Evidence of financial capability or Bank support.
m) Payment of N10,000=non refundable fee, with a crossed bank draft (payable to Securities and Exchange Commission).
4.0 General Information
a) Late submission will not be accepted;
b) The Commission’s reserves the right to verify the authenticity and accuracy of claims made in the submissions;
c) The Commission’s reserves the right to abort, accept or reject any prequalification, if deemed necessary to do so;
d) Only the qualified firms will have their financial bids opened.
5.0 Submission of Proposals
a) Two proposals; The Technical and Financial proposals are to be submitted simultaneously in clearly marked sealed envelopes;
b) The work plan and methodology should be included in the technical proposal;
c) Professional fees, charges, proposed expenditure and other costs should be stated only in the financial proposal;
d) Ten copies of Technical proposal should be submitted in one sealed envelope, sealed envelope, clearly marked at the top left corner “BID/Technical Proposal for Insurance Brokers for the purpose of Group life policy for the period of 2012/2013;
e) Five copies of the’ Financial proposal should be submitted in another envelope, clearly marked at the top left corner “BID/Financial Proposal for Insurance Brokers for the purpose of Group life policy for the period of 2012/2013;
f) The two proposals are to be submitted simultaneously on or before 10th May 2012 to:
The Secretary,
Tenders Board,
Securities and Exchange Commission,
Plot 272/273, Samuel Adesujo Ademulegun Street,
Central Business District Abuja.
Closing Date:
All submissions must be received at the above address on or before 10th May 2012. Please note that no bids shall be accepted after 4.00pm on the closing date.
Opening Date:
The Bids shall be opened on Thursday 10th May 2012 by 2.00pm at SEC’s Head Office, Abuja. Bidders, NGO’s and the public are invited to the bid opening.
Enquires:
All enquires on this advertisement are to be directed to:
The Secretary,
Tenders Board,
Securities and Exchange Commission,
6th Floor, SEC Tower,
Plot 272, Samuel Adesujo Ademulegun Street,
Central Business District, Abuja,
+234 8051 000 900, +234 8033 208 134 or +234 8056 656 702
Time: 10.00am to 4.00pm daily on working days.
Signed
Management
30th March 2012
