Request for Proposal (RFP) for the provision of 2022 Insurance Services at the Abuja Electricity Distribution Company (AEDC)

Posted by Future on Tue 21st Sep, 2021 - nigeriantenders.com

Abuja Electricity Distribution Company (AEDC) invites reputable and qualified insurance brokers to indicate interest by submitting RFP documents to tender for the following works:

Abuja Electricity Distribution Company (AEDC) established in 1997 is a company registered under the laws of the Federal Republic of Nigeria based on the privatization of the power distribution sector in Nigeria.

AEDC is required to maintain power quality in line with prevailing Nigeria regulations as set by the Nigeria Electrical Regulatory Commission (NERC) in their customer’s service standards of Performance, together with internationally accepted standards (IEC 60050).

Applications are invited for:

Title: Request for Proposal (RFP) for the provision of 2022 Insurance Services

Scope of Work

AEDC would be requiring the services of Insurance Brokers for the following Insurance policies (January 2022-December, 2022):

Lot 1: Group Life Assurance Policy.
Lot 2: Group Personal Accident.
Lot 3: Directors’ and Officers’ Liability.
Lot 4: Motor Vehicle Insurance.
Lot 5: Property-All Risk and Business Interruption (including Machinery Breakdown).
Lot 6: Sabotage and Terrorism, Including Malicious Damage, Strikes, Riots, and Civil Commotion.
Lot 7: Public & Products Liability, and Electromagnetic Field Liability.
Lot 8: Money Insurance (with fidelity guarantee extension).
Lot 9: Computer All-Risk.
Lot 10: Cyber Liability Insurance.

Mandatory Requirements from Insurance Brokers

Evidence of certified copies of Certificate of Incorporation with the Corporate Affairs Commission (CAC) including Forms CAC2 and CAC7.
Evidence of Company Income’s Tax Clearance Certificate (certified by FIRS) for the last three (3) years (2018, 2019 & 2020) valid till 31st December 2021.
Evidence of Company Audited Accounts for 2019 & 2020 duly signed by licensed Auditors and certified by NAICOM.
Company profile to include names, qualification and experience of key personnel.
Evidence of Current Operating License from the National Insurance Commission (NAICOM).
Professional Indemnity (Evidence of Valid Current Cover); Limit of 1billion naira.
Evidence of Registration Certificate with Nigerian Council of Registered Insurance Brokers (NCRIB).
Membership of Financial Reporting Council (FRC) of the Broker.
Sworn affidavit that none of the company's director has been convicted in any law court for any criminal offence including fraud and financial impropriety.
Documented evidence of at least 3 similar jobs (insurance Brokerage services) successfully completed within the last 5years including Letters of Award.
Completed and Signed Conflict of Interest form-Attached in the RFP.

Mandatory Requirements for Proposed Under-Writers to be used by the Brokers

NAICOM approved financial statements for 2019 & 2020 Financial Years.
2019 & 2020 Capital Assets/Shareholders Fund.
Draft/sample copies of policy documents.
Valid reinsurance treaty cover to be provided by Underwriters.

Application Closing Date

5pm, September 29th, 2021.

Submission of Documents

All bids and documents should be addressed and deposited in the tender box located at:

Procurement Office,

Abuja Electricity Distribution Company,

No. 1 Ziguinchor Street,

Off IBB Way, Zone 4 Wuse,

F.C.T, Abuja.

Please Note

The bidder’s name and address MUST be written on the reverse side of the bid envelop and subject of supply on the Top Right Hand Corner of the envelope.
The tender shall contain no inter-lineations, erasures or overwriting except as necessary to correct errors made by the tenderer in which case such corrections shall be initialed by the person or persons signing the tender.
Tenderers are particularly directed that the price entered in the tender shall be for performing strictly in accordance with AEDC’s requirements.
The closing date for the receipt of sealed bids is 5pm on September 29, 2021
Late bids, emailed bids and faxed bids WILL be rejected.
AEDC reserves the right to reject any tender and or annul the tendering process and reject all tenders at any time prior to AEDC signing the contract, without hereby incurring any liability to any tenderer and without being required to give any reason thereof.
An E-copy of the technical submission on flash drive only should be included in the Technical Bid envelope.

For more clarifications on this RFP document, please Click here (PDF).