Reinsurance of the Industrial all Risks Insurance Tender

Notice for Reinsurance of the Industrial all Risks Insurance of the Bangko Sentral Ng Pilipinas (Quezon City) in Philippines. The reference ID of the tender is 132819979 and it is closing on 23 Jan 2026.

Tender Details

Country: Philippines
Summary: Reinsurance of the Industrial all Risks Insurance of the Bangko Sentral Ng Pilipinas (Quezon City)
PHT Ref No: 132819979
Deadline: 23 Jan 2026
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: PHP 4604702.48
Notice Type: Tender
Document Ref. No.: 2026-GSIS-CB-034
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 4,604,702.48
Description : 1) The Government Service Insurance System (GSIS), through the GSIS Bids and Awards Committee Cluster 5 for Reinsurance (GBAC Cluster 5), invites bidders to apply for eligibility and bid for -

Procurement Project / Brief Description Reinsurance of the Industrial All Risks Insurance of the Bangko Sentral ng Pilipinas (Quezon City), as per GSIS Technical Specifications
Procurement Reference Number (PRN) 2026-GSIS-CB-034

Approved Budget for the Contract (ABC) Four Million Six Hundred Four Thousand Seven Hundred Two Pesos and Forty-Eight Centavos (Php4,604,702.48), 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 2026

Below are the details of the Project:

Assured Bangko Sentral ng Pilipinas (Quezon City)
Line Industrial All Risks Insurance
Period of Insurance
Total Sum Insured
Gross Php6,467,110,742.02
Retention Php1,940,133,222.61
Facultative Php4,526,977,519.41
Premiums
Gross Premiums (exclusive of all applicable taxes) Php6,578,146.40
Reten...
Documents:

Tender Notice

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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: 132819979 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 2026-01-23.

The estimated tender value is PHP 4604702.48, 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.

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