Invitation for Expression of Interest at Independent National Electoral Commission (INEC)
Independent National Electoral Commission
Plot 436, Zambezi Crescent, Maitama, Abuja
Invitation for Expression of Interest
1.0 Introduction
In pursuance of its constitutional functions and in compliance with due process requirements the Independent National Electoral Commission (INEC) seeks to undertake Insurance policies for its operations.
To this end, the Commission invites duly registered and reputable insurance Underwriters and Brokerage firms to Express Interest to provide cover and to manage the various insurance policies as Underwriters and Brokers respectively.
2.0 Scope of Work
| Lots | Description Of Assignment |
| 1 | Motor Vehicle Comprehensive Insurance Policy for the Headquarters, Abuja |
| 2 | Motor Vehicle Comprehensive Insurance Policy for North Central Zone |
| 3 | Motor Vehicle Comprehensive Insurance Policy for North East Zone |
| 4 | Motor Vehicle Comprehensive Insurance Policy for North West Zone |
| 5 | Motor Vehicle Comprehensive Insurance Policy for South East Zone |
| 6 | Motor Vehicle Comprehensive Insurance Policy for South South Zone |
| 7 | Motor Vehicle Comprehensive Insurance Policy for South West Zone |
| 8 | Marine Hull (Engine Boat) Insurance Policy |
| 9 | Group Life Insurance Policy for Career Officers (North & FCT) |
| 10 | Group Life Insurance Policy for Career Officers (South &Hqs) |
| 11 | Comprehensive Welfare Insurance Policy for Political Office Holders |
| 12 | Staff Electoral Hazard Insurance Policy (North & FCT) |
| 13 | Staff Electoral Hazard Insurance Policy (South & Hqs) |
| 14 | Ad-Hoc Staff Electoral Hazard Insurance Policy (North Central Zone) |
| 15 | Ad-Hoc Staff Electoral Hazard Insurance Policy (North East Zone) |
| 16 | Ad-Hoc Staff Electoral Hazard Insurance Policy (North West Zone) |
| 17 | Ad-Hoc Staff Electoral Hazard Insurance Policy (South East Zone) |
| 18 | Ad-Hoc Staff Electoral Hazard Insurance Policy (South South Zone) |
| 19 | Ad-Hoc Staff Electoral Hazard Insurance Policy (South West Zone) |
| 20 | Electronic/Computer all-Risk Insurance Policy |
| 21 | Fire, Special Perils and Burglary Insurance Policy for Hqs & FCT |
| 22 | Fire, Special Perils and Burglary Insurance Policy for North Central Zone |
| 23 | Fire, Special Perils and Burglary Insurance Policy for North East Zone |
| 24 | Fire, Special Perils and Burglary Insurance Policy for North West Zone |
| 25 | Fire, Special Perils and Burglary Insurance Policy for South East Zone |
| 26 | Fire, Special Perils and Burglary Insurance Policy for South South Zone |
| 27 | Fire, Special Perils and Burglary Insurance Policy for South West Zone |
3.0 General Requirement for Expression of Interest
The Company’s profile highlighting the following:
(i) Evidence of registration with Corporate Affairs Commission.
(ii) CTC of Tax Clearance Certificate or acceptable evidence of up-to-date payment of Company Tax for the year 2011, 2012 and 2013.
(iii) Evidence of VAT registration and remittance of all Taxes.
(iv) Evidence of Registration and Remittances of both employer and employees’ Pension Contribution including Group Life Assurance policy.
(v) Evidence of ITF training contribution.
(vi) Audited Accounts for 2011, 2012 and 2013 financial years.
(vii) Evidence of Financial capacity and Banking support.
(viii) Evidence of filling Annual Returns with CAC for 2011,2012 and 2013
(ix) Details of experience and technical/professional qualifications of key personnel.
(x) List of verifiable evidence of similar policies being managed.
(xi) Company’s representative GSM number and e-mail address.
4.0 In addition to the above, Underwriters are also expected to submit the following:
(i) National Insurance Commission current practicing license.
(ii) Evidence of valid reinsurance treaty arrangements.
(iii) Identification of available extensions and exemptions applicable to each cover.
(iv) Time within which the policy and all other documents evidencing the contract shall be issued.
(v) Claims reporting procedure and documentation in respect of each cover.
(vi) Time limit within which claims shall be processed and paid.
(vii) Guarantee/remedy against failure to settle claims as indicated.
(viii) Other incidental services that can be rendered to the Commission by the company under the contract of insurance.
(ix) Any other submission that will attest to the company’s reputation and capability to efficiently handle and manage the covers its expressing interest in.
5.0 In addition to requirements for expression of interest above, the Brokers are also expected to submit the following:
(i) National Insurance Commission current practicing license.
(ii) Evidence of professional Indemnity Insurance cover from a duly registered insurance company.
(iii) Evidence of current membership of the Nigerian Council of Registered Insurance Brokers (NCRIB).
(iv) Evidence that at least a key member of staff is an Associate member of NCRIB.
(v) Any other submission that will attest to the company’s reputation and capability to efficiently handle and manage the covers its expressing interest in.
6.0 General Information
(i) The deadline for the submission of Expression of Interest shall be Wednesday, 10th December, 2014 by 12.00 (Noon) while opening will be immediately after the deadline on Wednesday, 10th December, 2014 by 12.00 (Noon) at the Commission’s Conference Hall, Maitama-Abuja.
(ii) Only shortlisted firms after evaluation will be invited to submit financial bid.
(iii) This advertisement shall not be construed as a commitment on the part of INEC nor shall it entitle the tenderer to make any claims whatsoever and or seek any indemnity from INEC by virtue of such tenderer having responded to this advert.
(iv) For further information, you may contact the Insurance Desk officer at INEC Headquarters, Maitama, Abuja or call 07010382678
7.0 Submission
All submission of Expression of Interest should be in five (5) bound copies and sealed in an envelope marked “Expression of Interest” as either an Underwriter or Broker for INEC Insurance cover (Indicating the Lot(s))”.
8.0 All envelopes should be addressed and submitted to:
The Secretary to the Commission,
INEC Headquarters,
Plot 436 Zambezi Crescent, PMB 0184
Maitama, Abuja.
Companies’ representatives are advised to sign the Submission Register after dropping their bids in the Tender Box.
Signed:
Independent National Electoral Commission
