Federal Roads Maintenance Agency (FERMA)
163, Aminu Kano Crescent, Wuse II, Abuja
Expression of Interest for the Provision of Insurance Cover for the Agency’s Assets
1. Introduction
The Federal Roads Maintenance Agency (FERMA) in pursuance of its statutory mandate and in compliance with Due Process requirements seeks to undertake the insurance policies.
To this end, the Agency invites duly registered and reputable insurance underwriting and brokerage firms to express interest to provide cover and to manage the various insurance policies as underwriters or brokers respectively.
2. Description of Assignment
LOT I – Group Life Assurance
LOTH – Motor Insurance
LOT III – General Insurance
3. Pre-Qualification Requirements
FERMA hereby invites eligible insurance underwriters and brokers to indicate their interest in providing the services. Interested Insurance/Brokerage companies must prove by the underlisted items that they are qualified to perform the aforesaid services:
1. Certified True Copy (CTC) of Certificate of Incorporation with Corporate Affairs Commission (CAC);
2. Evidence of remittance of Pension Contribution of Employees to PENCOM;
3. Current Tax Clearance certificate for the last three (3) years;
4. Certified True Copy (CTC) of Company’s Form C02;
5. Evidence of registration with NAICOM;
6. Profile of insurance/brokerage Company;
7. Evidence of re-insurance treaty arrangement both local and international (underwriters only);
8. Evidence of registration with Nigerian council of Registered Insurance Brokers (for Brokerage firms);
9. Evidence of payment of claims in the last three (3) years (underwriters only);
10. Audited Annual Financial report of the company for the last three (3) years:
4. Duration of the Insurance Services
The insurance cover is for a period of one (1) year.
Submission of Documents
All submission of Expression of Interests should be in duplicates (2) copies and sealed in an envelope marked Expression of Interest as either an Underwriter or Broker for FERMA Insurance cover (Indicating the Lot (s)) and addressed to:
The Managing Director
Federal Roads Maintenance Agency
163 Aminu Kano Crescent
Wuse II, Abuja.
5. Closing Date
Pre-qualification Documents must be delivered by hand on or before 12:00 noon on Tuesday June 26th 2012 at the address shown below:
The General Manager (Procurement)
Room FF 09
Federal Roads Maintenance Agency
#163 Aminu kano Crescent
Wuse II, Abuja.
Bid opening commences immediately after deadline in the Agency’s conference room.
Important Information
a) Underwriters are to bid for only one lot, while Brokers may bid for more than one lots
b) The Federal Roads Maintenance Agency shall not enter into any correspondence with any unsuccessful company.
c) Insurance Companies with outstanding claim settlement with the Agency need not indicate interest;
d) Insurance/Brokerage companies that have not done similar assignments) within the past five (5) years need not indicate interest.
This advertisement will not be a commitment on the part of FERMA nor shall it entertain those that submit documents to make any claim(s) whatsoever and/or seek any indemnity from FERMA by virtue of such submission having responded to this publication
Signed
Management
