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Reinsurance of the Airport Liability Insurance of the Manila International Airport... Tender

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GOVERNMENT SERVICE INSURANCE SYSTEM has floated a tender for Reinsurance of the Airport Liability Insurance of the Manila International Airport Authority. The project location is Philippines and the tender is closing on 20 Apr 2022. The tender notice number is 2022-GSIS-PB-011, while the TOT Ref Number is 64852668. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.

Procurement Summary

Country : Philippines

Summary : Reinsurance of the Airport Liability Insurance of the Manila International Airport Authority

Deadline : 20 Apr 2022

Other Information

Notice Type : Tender

TOT Ref.No.: 64852668

Document Ref. No. : 2022-GSIS-PB-011

Competition : ICB

Financier : Self Financed

Purchaser Ownership : Public

Tender Value : PHP 15280000.00

Purchaser's Detail

Purchaser : GOVERNMENT SERVICE INSURANCE SYSTEM
Patrick Orines Gonzales
Staff Officer III
GSIS Headquarters
Financial Center, Roxas Boulevard
Pasay City
Pasay City
Metro Manila
Philippines 1308
63-2-9764900 Ext.3516
63-2-8590373
Philippines
Email :pogonzales@gsis.gov.ph

Tender Details

Tender are invited for Reinsurance of the Airport Liability Insurance of the Manila International Airport Authority

Procurement Mode : Public Bidding

Classification : Goods

Category : Services

Contract Duration : 0 Day/s

Budget for the Contract : PHP 15, 280, 000.00

Description : 1. The Government Service Insurance System (GSIS), through the GSIS Corporate Operating Budget for CY 2022, intends to apply the sum of Fifteen Million Two Hundred Eighty Thousand Pesos (Php15, 280, 000.00) being the ABC to payments under the contract for the Reinsurance of the Airport Liability Insurance of the Manila International Airport Authority, with the following details:

Assured Manila International Airport Authority

Line Airport Liability Insurance

Period of Insurance July 01, 2022 to June 30, 2023

Total Sum Insured

Gross Php16, 000, 000, 000.00

Retention Php 720, 000, 000.00

Facultative Php15, 280, 000, 000.00

Premiums

Gross Premiums

(exclusive of VAT) Php16, 000, 000.00

Retention Php 720, 000.00

Facultative

(ABC exclusive of VAT) Php15, 280, 000.00

Relevant underwriting information shall be issued only to bidders who purchased the Bidding Documents.

Bids received in excess of the ABC shall be automatically rejected at bid opening.

2. The GSIS now invites bids for the abovementioned Procurement Project. The reinsurance cover shall be for a period of 12 months from July 01, 2022 to ...