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GOVERNMENT SERVICE INSURANCE SYSTEM has floated a tender for Reinsurance of the Directors and Officers Liability Insurance of the Development Bank of the Philippines. The project location is Philippines and the tender is closing on 25 Jun 2025. The tender notice number is 2025-GSIS-PB-006, while the TOT Ref Number is 120345246. 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 Directors and Officers Liability Insurance of the Development Bank of the Philippines
Deadline : 25 Jun 2025
Other Information
Notice Type : Tender
TOT Ref.No.: 120345246
Document Ref. No. : 2025-GSIS-PB-006
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : PHP 4200000.00
Purchaser's Detail
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Login to see detailsTender Details
Tender are invited for Reinsurance of the Directors and Officers Liability Insurance of the Development Bank of the Philippines
Procurement Mode : Public Bidding
Classification : Goods
Category : Services
Contract Duration : 0 Day/s
Budget for the Contract : PHP 4, 200, 000.00
Description : 1. The Government Service Insurance System (GSIS), through GSIS Bids and Awards Committee Cluster 5 for Reinsurance, invites bidders to apply for eligibility and bid for:
Procurement Project / Brief Description Reinsurance of the Directors and Officers Liability Insurance of the Development Bank of the Philippines
Procurement Reference Number (PRN) 2025-GSIS-PB-006
Approved Budget for the Contract (ABC) Four Million Two Hundred Thousand Pesos (Php4, 200, 000.00), exclusive of all applicable taxes
Bids received in excess of the ABC shall be automatically rejected at bid opening, or during the bid evaluation.
Funding Source GSIS Corporate Operating Budget for CY 2025
Below are the details of the Project:
Assured Development Bank of the Philippines
Line Directors and Officers Liability Insurance
Period of Insurance From: 01 September 2025
To: 31 August 2026
Total Sum Insured Php500, 000, 000.00
Gross Php250, 000, 000.00
Retention Php250, 000, 000.00
Facultative
Premiums
Gross Premiums (exclusive of all applicable taxes) Php8, 400, 000.00
Retention Php4, 200, 000.00
Facultative (AB...
Documents
Procurement Documents for Philippines
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