Tender Details

Country: Philippines
Summary: Gsis Property and Engineering Combined Risk and Catastrophe Excess of Loss Treaty
PHT Ref No: 111770713
Deadline: 15 Jan 2025
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: PHP 1851486948.97
Notice Type: Tender
Document Ref. No.: Indicative-2025-GSIS-PB-091
Purchaser's Detail:
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Description:
Tender are invited for GSIS Property and Engineering Combined Risk and Catastrophe Excess of Loss Treaty
Procurement Mode : Public Bidding
Classification : Goods
Category : Services
Contract Duration : 0 Day/s
Budget for the Contract : PHP 1,851,486,948.97
Description : 1. The Government Service Insurance System (GSIS), through the GSIS Corporate Operating Budget for CY 2025, intends to apply the sum One Billion Eight Hundred Fifty-One Million Four Hundred Eighty-Six Thousand Nine Hundred Forty-Eight Pesos and Ninety-Seven Centavos (Php1,851,486,948.97) being the ABC to payments under the contract for the Project GSIS Property and Engineering Combined Risk and Catastrophe Excess of Loss Treaty, with the following details:

Treaty Structure
Layer 1 Php1,000,000,000.00 xs Php1,000,000,000.00
Layer 2 Php2,000,000,000.00 xs Php2,000,000,000.00
Layer 3 Php2,000,000,000.00 xs Php4,000,000,000.00
Layer 4 Php2,000,000,000.00 xs Php6,000,000,000.00
Layer 5 Php2,000,000,000.00 xs Php8,000,000,000.00
Layer 6 Php2,000,000,000.00 xs Php10,000,000,000.00
Layer 7 Php2,000,000,000.00 xs Php12,000,000,000.00
TOTAL Php13,000,000,000.00 xs Php1,000,000,000.00

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.

This Procurement Project is being undertaken through Early Procu...
Documents:

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Gsis Property and Engineering Combined Risk and Catastrophe Excess of Loss Treaty - Philippines Tender

The GOVERNMENT SERVICE INSURANCE SYSTEM, a Government sector organization in Philippines, has announced a new tender for Gsis Property and Engineering Combined Risk and Catastrophe Excess of Loss Treaty. This tender is published on PhilippinesTenders under PHT Ref No: 111770713 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2025-01-15.

The estimated tender value is PHP 1851486948.97, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.