Federal Capital Development Authority
(Office of the Executive Secretary)
FCDA Corporate Headquarter, Former NIIA Building),
Areas 11, Garki Abuja – Nigeria
Invitation to Tender as Insurance Brokers and Underwriters to Provide Insurance Cover for the FCDA Corporate Headquarters against Fire, Theft/Burglary and Other Perils
1. Introduction
The Federal Capital Development Authority has appropriated funds in this Year 2012 FCT statutory Allocation Budget and intends o apply a portion of the funds to procure Insurance cover. The Authority desires to call for bids from registered and reputable insurance Underwriter and Brokerage firms to provide insurance cover for the FCDA Corporate Headquarters for the years 2012.
2. Requirements for Tendering
The Company’s Profile highlighting the following
i. Evidence of certificate of incorporation certified by the Corporate Affairs Commission.
ii. CTC of evidence of registration by the N AICOM.
iii. CTC of Tax Clearance Certificate or acceptable evidence of up-to-date payment of company tax for the last three years
iv. CTC of the company’s published Annual Report and Accounts for the last three years certified by NAICOM.
v. Certificate of compliance with the Pension Reform Act in respect of its employees
vi. A profile of 6 (six) top management staff of the company with their qualification and insurance working experience.
Evidence of financial capacity and Banking support
List of verifiable evidence of similar policies being managed
ix. Evidence of VAT registration and remittances of all taxes.
x. Evidence of verifiable location address in Abuja.
xi. Evidence of professional Indemnity cover.
Evidence of payment of nonrefundable tender fee of N10,000.00 to Aso Savings and Loans, Area 11, Garki-Abuja.
A court affidavit that none of your directors had committed fraud, has pecuniary interest in any of the relevant Committees of the FCDA or BPP, and that all your documents are authentic.
In addition to the above, underwriters are also expected to submit the following:
- Evidence of valid reinsurance treaty arrangements.
- Identification of available extensions and exemptions applicable to each cover.
- Time within which the policy and all other document evidencing the contract shall be issued.
- Claims reporting procedure and documentation in respect of each cover.
- Time limit within which claims shall be processed and paid.
- Guarantee/remedy against failure to settle claims as indicated.
- Other incidental services that shall be rendered to FCDA by the Company under the contract of insurance.
- Any other submission that will attest to the Company’s reputation and capability to efficiently handle and manage the covers it is expressing interest in.
In addition to (1) above Insurance Brokers are expected to submit the following:
I. Evidence of current membership of the Nigerian Council of Registered Insurance Brokers (NCRIB).
II. Evidence that at least a key member of staff is an Associate Member of the NCRIB Any other submission that will attest to the Company’s capability to manage the insurance it is tendering for.
3. Collection of tender Document
You are therefore by this letter invited to tender in respect of same. Tender documents are available for collection at Procurement Department, Ground Floor Conference Room, FCDA Corporate Headquarter Area 11, Garki – Abuja after the payment of non-refundable Tender fee of N10,000.00 (Ten thousand naira only) per Lot from the date of this invitation Monday 28th May,2012 and for a period of 9th July, 2012.
4. Submission of Documents and Opening of Bids.
Four (4) copies of Technical and Financial Bid Documents must be packaged in two separate sealed envelopes clearly marked “TENDER EITHER AS AN INSURANCE BROKER OR UNDERWRITER TO PROVIDE INSURANCE COVER FOR THE FCDA CORPORATE HEADQUARTERS” and should be deposited in Procurement Department, Ground Floor Conference Room, FCDA Corporate Headquarter Area 11, Garki-Abuja on or before Monday 9th July 2012 by 12.00pm.
Original of documents I, II, HI, V, IX, XII, XIII (Paragraph 2) must be produced for sighting during opening session, please.
All Bids will be opened immediately after the deadline at the same venue.
Note:
- Interested members of the public, especially the Civil Society Organizations are invited to attend the opening exercise. They are to abide by the Code of Conduct for procurement observers as directed by the Public Procurement Act, 2007.
- Company’s representatives are to come along with a letter of introduction including name, rank & sample signatures to the opening.
- FCDA is not bound to accept the lowest bid or any tender.
Signed Management
