Invitation for Bids

(Bid No. ESO/PPMD/012/2024)

Ethiopian Insurance Corporation (EIC) invites all interested and eligible bidders by this National/ International competitive Bid to participate in the bid for:  

Consultancy Service on Actuarial Valuation, fair valuation & related Disclosures

The bid is open only to those who shall fulfill and submit copy of the following requirements:

2.1 In case of Local Bidders: – Currently renewed relevant Trade license, Registration of value added tax (VAT), TIN Certificate and Current year tax clearance certificate which states eligibility to participate in the public tenders and valid at least at the deadline for the submission of bids and Registered in supplier’s list and able produce print out from the website of Public Procurement and Property Administration Agency or can be confirmed from source data.

2.2 In case of bidders other than Local bidders i.e. International bidders shall submit an authorized Business Organization Registration Certificate or Trade License that certifies the bidder to transact the subject matter of the bid from the country of establishment/origin.

A complete set of bid documents can be obtained against payment of a non-refundable fee of Birr 500.00 (Five Hundred Birr Only) from Procurement and Material Planning Department, Ethiopian Insurance Corporation Head office building 1st floor room No.108

The bid shall be accompanied by a bid security of Birr 100,000.00(One Hundred Thousand Birr Only) for this lot in the form of CPO or unconditional Bank Guarantee or Bid Bond issued by a well-known foreign bank and confirmed through a recognized domestic bank in Ethiopia and the bidder should inform EIC by fax or e-mail to collect the bid bond before the closing date (all forms shall be valid for 90 days).                                                                                                                                                  

Bids must be delivered to Ethiopian Insurance Corporation Head office building 1st  floor, Procurement and Material Planning Department, room No.108 on April 03,2024 date up to 2:00PM Bids presented by any bidder after the closing date and time shall not be accepted. And bid shall be opened on the same date at Enterprise Service Office Conference hall at 2:30PM. Electronic bidding shall not be accepted.

Interested and eligible bidders may obtain further information by Telephone No. 011-5512400 Ex. 237, 262 or 011-5504931.

The Ethiopian Insurance Corporation reserves the right to accept or reject any or all bids.

Ethiopian Insurance Corporation

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