Tender Details

Country: Philippines
Summary: Reinsurance of the Industrial all Risks Insurance of the National Grid Corporation of the Philippines
PHT Ref No: 115418137
Deadline: 19 Mar 2025
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: PHP 303495789.77
Notice Type: Tender
Document Ref. No.: 2025-GSIS-PB-110
Purchaser's Detail:
Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details.
Login to see details
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 303,495,789.77
Description : 1. The Government Service Insurance System (GSIS), through the GSIS Corporate Operating Budget for CY 2025, intends to apply the sum Five Million Two Hundred Forty-Five Thousand Seventy-Five US Dollars and Twenty-Six Cents (USD5,245,075.26) 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
Line Industrial All Risks Insurance
Period of Insurance From: The date to be stated in the Notice to Proceed

To: January 30, 2026

Total Sum Insured
Gross USD 3,580,531,011.79
Retention USD 1,074,159,303.54
Facultative USD 2,506,371,708.25
Premiums
Gross Premiums (exclusive of all applicable taxes) USD 7,492,964.66
Retention USD 2,247,889.40
Facultative (ABC (exclusive of all applicable taxes) USD 5,245,075.26*

*Note: For the purpose of compliance with the PhilGEPS posting requirement, the amount to be used is Php303,495,789.77 based on the exchange rate (USD1.00 = Php57.8630) posted in BSP-s Reference Exchange Rate Bull...
Documents:

If you are registered member, kindly login to view full details of this tender notice:

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: 115418137 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 2025-03-19.

The estimated tender value is PHP 303495789.77, 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.