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The PHILIPPINE INTERNATIONAL CONVENTION CENTER has issued a Tender notice for the procurement of a Negotiated Procurement for the One (1) Year Contract for Group Life Term Insurance (Glti) in the Philippines. This Tender notice was published on 09 Apr 2026 and is scheduled to close on 14 Apr 2026, with an estimated Tender value of PHP 870000.00. Interested bidders can access detailed Tender information, eligibility criteria, and complete bidding documents by referencing TOT Ref No. 139247230, while the tender notice number is 22-26 and Registering on the platform.
Procurement Summary
Country: Philippines
Summary: Negotiated Procurement for the One (1) Year Contract for Group Life Term Insurance (Glti)
Deadline: 14 Apr 2026
Posting Date: 09 Apr 2026
Other Information
Notice Type: Tender
TOT Ref.No.: 139247230
Document Ref. No.: 22-26
Competition: ICB
Financier: Self Financed
Purchaser Ownership: Public
Tender Value: PHP 870000.00
Purchaser's Detail
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Email: Login to see tender_detailsLogin to see details Tender Details Tender are invited for Negotiated Procurement for the One (1) Year Contract for Group Life Term Insurance (GLTI) Documents
Product/Service Name : Group Life Term Insurance (GLTI)
Procurement Mode : Negotiated Procurement - Two Failed Biddings (Sec. 53.1)
Classification : Goods - General Support Services
Category : Services
Contract Duration : 1 Year/s
Budget for the Contract : PHP 870, 000.00
Area of Delivery : Metro Manila
Description : BIDS AND AWARDS COMMITTEE
NOTICE OF NEGOTIATED PROCUREMENT
(TWO-FAILED BIDDINGS)
The Philippine International Convention Center Inc. (PICCI) announces that the Bids and Awards Committee (BAC) will conduct a Negotiated Procurement for the One (1) Year Contract for Group Life Term Insurance (GLTI). The total Approved Budget for Contract (ABC) for this requirement is EIGHT HUNDRED SEVENTY THOUSAND PESOS (₱870, 000.00), VAT Inclusive,
This will be undertaken in accordance with Sec. 35.1, Two Failed Bids, of the Revised Implementing Rules and Regulations (RIRR) of Republic Act No. 9184 otherwise known as “The New Government Procurement Act”.
A complete set of documents may be obtained by interested bidders from April 10, 2026 to on or before 3:00 p.m. of April 14, 2026.
Submission of proposals will be on or before 3:00 p.m. of April 14, 2026, at the BAC Secretariat Office, Ground Floor, Delegation Building, PICC Complex, 1307 Pasay City. Attached are the specificatio...
Procurement Documents for Philippines
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