Reinsurance of the Fire Insurance of the Cgo Makati (Umak) Tender, Philippines - 27535939

Procurement Summary

Country : Philippines

Summary : Reinsurance of the Fire Insurance of the Cgo Makati (Umak)

Deadline : 30 Oct 2018

Other Information

Notice Type : Tender

TOT Ref.No.: 27535939

Document Ref. No. : 2019-PB-GSIS-IG-008

Competition : ICB

Financier : Self Financed

Purchaser Ownership : -

Tender Value : Refer Document

Purchaser's Detail

Purchaser : GOVERNMENT SERVICE INSURANCE SYSTEM
Eugene Ogbac David
Officer I
GSIS Headquarters
Financial Center, Roxas Boulevard
Pasay City
Pasay City
Metro Manila
Philippines 1308
63-2-9764900 Ext.3306
63-2-8590318
eodavid@gsis.gov.ph
Philippines
Email :eodavid@gsis.gov.ph

Tender Details

Reinsurance of the Fire Insurance of the Cgo Makati (Umak)

1. The Government Service Insurance System (GSIS), through its 2019 Corporate Budget, wishes to receive bids for the Reinsurance of the Fire Insurance of the CGO MAKATI (UMAK) for the period 01 January 2019 to 31 December 2019, with a Total Sum Insured of Two Billion Eight Hundred Twenty Four Million Nine Hundred Five Thousand Five Hundred Sixty Nine Pesos and Eighty Two Centavos (Php2, 824, 905, 569.82). The Approved Budget for the Contract (ABC) amounts to One Million Nine Hundred Thirty Nine Thousand Four Hundred Thirty Eight Pesos and Ninety Two Centavos (Php1, 939, 438.92), with the following particulars:



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



2. Bidders should have completed, within five (5) years from the date of submission and receipt of bids, a contract similar to the Project. The description of an eligible bidder is contained in the Bidding Documents, particularly in Section II. Instructions to Bidders.



3. Bidding will be conducted through open competitive bidding procedures using a non-discretionary -œpass/fail- criterion as specified in the revised Implementing Rules and Regulations (IRR) of Republic Act (RA) 9184, otherwise known as the -œGovernment Procurement Reform Act-.



Bidding is open to all interested bidders, whether local or foreign, subject to the conditions for eligibility provided in the IRR of RA 9184.



4. Interested bidders may obtain further information and inspect the Bidding Documents at the GSIS Bids and Awards Committee (GBAC) Secretariat (Project Coordinators), Level 3 Core C, GSIS Headquarters Building, Financial Center, Pasay City, during office hours.



5. A complete set of Bidding Documents may be acquired by interested bidders starting on the date of publication/posting of this Invitation to Bid from the abovementioned address and upon payment of a non-refundable fee for the Bidding Documents in the amount of Php5, 000.00.



It may also be downloaded free of charge from the website of the Philippine Government Electronic Procurement System (PhilGEPS) and the GSIS website (http://www.gsis.gov.ph/opportunities/gibac-notices), provided that bidders shall pay the applicable fee for the Bidding Documents not later than the submission of their bids. However, the Underwriting Information shall be available only to bidders who purchased the Bidding Documents not later than the submission of their bids.



6. The GSIS will hold a Pre-Bid Conference on 18 October 2018, 9:00AM at the Multi-Purpose Conference Room, Level 3 Core C, GSIS Headquarters Building, Financial Center, Pasay City. The Pre-Bid Conference shall be open to prospective bidders.



7. Bids must be submitted to the address stated in Item No. 4 and must be duly received by the GBAC Secretariat (Project Coordinators) or other authorized GSIS personnel on or before 30 October 2018, 8:30AM. All bids must be accompanied by a bid security in any of the acceptable forms and in the amount stated in ITB Clause 18



Bid opening shall be on 30 October 2018, 9:00AM at the address stated in Item No. 6. Bids will be opened in the presence of the bidders- representatives who choose to attend the said activity. Late bids shall not be accepted.



8. The GSIS warns the public/bidders of unscrupulous individuals and groups posing as officers/employees of the GSIS soliciting money, gifts, favors or benefits for alleged aid for whatever purpose. DO NOT GIVE anything to these unscrupulous individuals and groups. The GSIS thus enjoins the cooperation of the public/bidders to report these individuals/groups to the GSIS Insurance Bids and Awards Committee and GBAC Secretariat Project Coordinators.



9. The GSIS reserves the right to accept or reject any bid, to annul the bidding process, and to reject all bids at any time prior to contract award, without thereby incurring any liability to the affected bidder or bidders.





Pre-bid Conference

DateTimeVenue

18/10/20189:00 AMMulti- Purpose Conference Room, Level 3 Core C, GSIS Headquarters Building, Financial Center, Pasay City





Other Information

GBAC Secretariat (Project Coordinators)

GSIS Insurance Bids and Awards Committee (GIBAC)

Level 3 Core C, GSIS Headquarters Building

Financial Center, Pasay City

Contact no. 479-3600 loc. 3306 / 976-4655

Email: gbac_secretariat@gsis.gov.ph

Closing Date : 2018-10-30

Documents

 Tender Notice