Tender Details

Country: Philippines
Summary: Reinsurance of the Industrial all Risks Insurance of the Bangko Sentral Ng Pilipinas (Quezon City)
PHT Ref No: 113622329
Deadline: 13 Feb 2025
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: PHP 6874521.09
Notice Type: Tender
Document Ref. No.: 2025-GSIS-PB-008
Purchaser's Detail:
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Description:
Tender are invited for Reinsurance of the Industrial All Risks Insurance of the Bangko Sentral ng Pilipinas (Quezon City)
Procurement Mode : Public Bidding
Classification : Goods
Category : Services
Contract Duration : 0 Day/s
Budget for the Contract : PHP 6,874,521.09
Description : 1. The Government Service Insurance System (GSIS), through the GSIS Corporate Operating Budget for CY 2025, intends to apply the sum Six Million Eight Hundred Seventy-Four Thousand Five Hundred Twenty-One Pesos and Nine Centavos (Php6,874,521.09) being the ABC to payments under the contract for the Project Reinsurance of the Industrial All Risks Insurance of the Bangko Sentral ng Pilipinas (Quezon City), with the following details:

Assured Bangko Sentral ng Pilipinas (Quezon City)
Line Industrial All Risks (IAR)
Period of Insurance From: April 01, 2025 (00:00 Hour)
To: March 31, 2026 (24:00 Hours)
Total Sum Insured
Gross Php7,003,262,061.11
Retention Php2,100,978,618.33
Facultative Php4,902,283,442.78
Premiums
Gross Premiums (exclusive of all applicable taxes) Php9,820,744.42
Retention Php2,946,223.33
Facultative (ABC (exclusive of all applicable taxes) Php6,874,521.09

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 above...
Documents:

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Reinsurance of the Industrial all Risks Insurance of the Bangko Sentral Ng Pilipinas (Quezon City) - Philippines Tender

The GOVERNMENT SERVICE INSURANCE SYSTEM, a Government sector organization in Philippines, has announced a new tender for Reinsurance of the Industrial all Risks Insurance of the Bangko Sentral Ng Pilipinas (Quezon City). This tender is published on PhilippinesTenders under PHT Ref No: 113622329 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 2025-02-13.

The estimated tender value is PHP 6874521.09, 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.