Tender Details

Country: Philippines
Summary: Reinsurance of the Industrial all Risks Insurance of the Government Service Insurance System
PHT Ref No: 128385947
Deadline: 07 Nov 2025
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: PHP 7523322.64
Notice Type: Tender
Document Ref. No.: Indicative-2026-GSIS-CB-040
Purchaser's Detail:
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Description:
Tender are invited for Reinsurance of the Industrial All Risks Insurance of the Government Service Insurance System
Procurement Mode : Public Bidding
Classification : Goods
Category : Services
Contract Duration : 0 Day/s
Budget for the Contract : PHP 7,523,322.64
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 Government Service Insurance System, as per GSIS Technical Specifications
Procurement Reference Number (PRN) Indicative-2026-GSIS-CB-040

Approved Budget for the Contract (ABC) Seven Million Five Hundred Twenty-Three Thousand Three Hundred Twenty-Two Pesos and Sixty-Four Centavos (Php7,523,322.64), 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 Government Service Insurance System
Line Industrial All Risks Insurance
Period of Insurance From: 01 January 2026
To: 31 March 2027

Total Sum Insured
Gross Php8,794,452,295.24
Retention Php4,397,226,147.62
Facultative Php4,397,226,147.62
Premiums
Gross Premiums (exc...
Documents:

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Reinsurance of the Industrial all Risks Insurance of the Government Service Insurance System - 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 Government Service Insurance System. This tender is published on PhilippinesTenders under PHT Ref No: 128385947 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 2025-11-07.

The estimated tender value is PHP 7523322.64, 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.