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PHILIPPINE CROP INSURANCE CORPORATION has floated a tender for Procurement of Reinsurance Brokerage Services for Weather Index-Based Parametric Insurance for Municipal Fisherfolk in the Philippines. The project location is Philippines and the tender is closing on 16 Dec 2024. The tender notice number is 2024-NOVEMBER-045, while the TOT Ref Number is 110547156. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : Philippines
Summary : Procurement of Reinsurance Brokerage Services for Weather Index-Based Parametric Insurance for Municipal Fisherfolk in the Philippines
Deadline : 16 Dec 2024
Other Information
Notice Type : Tender
TOT Ref.No.: 110547156
Document Ref. No. : 2024-NOVEMBER-045
Competition : NCB
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : PHP 10000000.00
Purchaser's Detail
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Login to see detailsTender Details
Tender are invited for Procurement of Reinsurance Brokerage Services for Weather Index-Based Parametric Insurance for Municipal Fisherfolk in the Philippines
Product/Service Name : Reinsurance Brokerage Services
Procurement Mode : Public Bidding
Classification : Goods
Category : Services
Contract Duration : 1 Year/s
Budget for the Contract : PHP 10, 000, 000.00
Area of Delivery : Metro Manila
Description : 1. The Philippine Crop Insurance Corporation (PCIC), through the PCIC Corporate Operating Budget for 2024 approved by the Board intends to apply the sum of TEN MILLION PESOS (P10, 000, 000.00) being the Approved Budget for the Contract (ABC) to payments under the contract for the Procurement of Reinsurance Brokerage Services for Weather Index-Based Parametric Insurance for Municipal Fisherfolk in the Philippines. Bids received in excess of the ABC shall be automatically rejected at bid opening.
2. The PCIC now invites bids for the above Procurement Project. Delivery of the Goods is required for a period of one year. Bidders should have completed within the last three (3) years from the date of submission and receipt of bids, a contract similar to the Project. The description of an eligible bidder is contained in the Bidding Documents, particularly in Section II (Instructions to Bidders).
3. Bidding will be conducted through open competitive bidding procedures using a non-discretionary “pass/fail” criterion as specified in the 20...
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