Tender Details

Country: Philippines
Summary: Reinsurance of the Industrial all Risks Insurance of the National Grid Corporation of the Philippines
PHT Ref No: 75181761
Deadline: 19 Dec 2022
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: PHP 213273075.62
Notice Type: Tender
Document Ref. No.: 2023-GSIS-PB-109
Purchaser's Detail:
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Description:
Tender are invited for Reinsurance of the Industrial All Risks Insurance of the National Grid Corporation of the Philippines
Procurement Mode : Public Bidding
Classification : Goods
Category : Services
Contract Duration : 0 Day/s
Budget for the Contract : PHP 213,273,075.62
Description : 1. The Government Service Insurance System (GSIS), through the GSIS Corporate Operating Budget for CY 2023, intends to apply the sum of Three Million Seven Hundred Twenty Eight Thousand Three Hundred Fifty Four US Dollars and Seventy Three Cents (US$3,728,354.73) being the ABC to payments under the contract for the Project Reinsurance of the Industrial All Risks Insurance of the National Grid Corporation of the Philippines, with the following details:

Assured NATIONAL GRID CORPORATION OF THE PHILIPPINES (NGCP) and/or Power Sector Assets and Liabilities Management Corporation (PSALM); and/or National Transmission Corporation (TRANSCO), as co-beneficiaries to the extent to their insurable interest
Line Industrial All Risks with Sabotage & Terrorism and Submarine Cable

Period of Insurance From: January 31, 2023 (00:00 Hour)
To: January 30, 2024 (24:00 Hours)
Total Sum Insured
Gross US$3,154,623,374.00
Retention US$ 851,748,310.98
Facultative US$2,302,875,063.02
Premiums
Gross Premiums (exclusive of VAT) US$5,107,335.24
Retention US$1,378,980.51
Facultative (ABC exclusive of VAT) US$3,728,354.73

Relevant...
Documents:

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Reinsurance of the Industrial all Risks Insurance of the National Grid Corporation of the Philippines - 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 National Grid Corporation of the Philippines. This tender is published on PhilippinesTenders under PHT Ref No: 75181761 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 2022-12-19.

The estimated tender value is PHP 213273075.62, 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.