Bids are invited from pre-qualified registered insurance companies and Brokers with the Financial Services Commission (FSC) and which are on the National Contracts Commission (NCC) register to provide insurance services to PETROJAM LIMITED. The period of agreement will be for three (3) years.
Pre-qualified brokers & insurers will be required to submit in their bid packages:
Copy of valid Tax Compliance Certificate (TCC). A Tax Compliance Letter (TCL) is also acceptable.
Copy of valid National Contracts Commission (NCC) registration – Insurance Services
Proof of registration with the Financial Services Commission (FSC) as a Facultative Broker
Bids submitted without the above documents shall be rejected.
Cover is currently placed and required for the following classes of insurances:
Property Damage including Machinery Breakdown/Business Interruption/Extra Expense
Sabotage & Terrorism
Comprehensive General Liability
Computer All Risks
Loss of Money
Private Motor Comprehensive
Private Commercial Motor Comprehensive
Motor Contingent Liability
Collection of Bidding Documents
Bidding Documents will be available from Wednesday October 5, 2016, between 9:00a.m. – 4:00p.m., at Petrojam Limited’s Corporate Office located at 75 Marcus Garvey Drive, Kingston 15 at a cost of J$5,000 payable by cash or manager’s cheque. Failure to purchase the bidding documents directly from Petrojam Limited shall result in the rejection of the bid.
A Brokers Briefing Session will be held on Monday November 14, 2016 at 10:00 a.m. in the Corporate Office Conference Room located at Petrojam Limited, 75 Marcus Garvey Drive, Kingston 15.
Clarifications related to this procurement activity shall be directed to email@example.com.
Deadline for Submission of Bids
Bids shall be valid for a period of ninety (90) calendar days after bid closing and shall be deposited in the tender box labeled “TENDER FOR INSURANCE BROKING SERVICES – PETROJAM LIMITED” located in the Lobby at the Procurement Unit, Petrojam Limited, 75 Marcus Garvey Drive, Kingston 15, no later than Thursday, January 12, 2017 at 3:00 p.m. Late bids will be rejected.
Each bid should contain a summary of the risk(s) and should be submitted in duplicate (two identical copies and two electronic copies on Compact Disc (CD)) in sealed envelopes bearing the name and seal of the bidder and clearly marked and addressed to the Procuring Entity
Bids will be opened at the Procurement Unit, Petrojam Limited, 75 Marcus Garvey Drive, Kingston 15 on Thursday, January 12, 2017 at 3:10p.m. Bidders and/or their representatives are invited to attend the opening.
Petrojam Limited is not obliged to accept the lowest or any bid and reserves the right to terminate the bidding process at any point prior to the award of contract without incurring any liability to any of the participants.