Federal Airports Authority Of Nigeria (FAAN)- Invitation For Expression Of Interest (EOI) For Insurance Policies Under Year 2021 IGR Budget

DEADLINE: 10TH MAY, 2021
FEDERAL AIRPORTS AUTHORITY OF NIGERIA
INVITATION FOR EXPRESSION OF INTEREST (EOI) FOR INSURANCE POLICIES UNDER YEAR 2021 IGR BUDGET

(A) INTRODUCTION
The Federal Airports Authority of Nigeria (FAAN) has the statutory functions of  developing and managing all necessary airport facilities and services for safe, secured and efficient carriage of passengers and goods. In compliance with the National Open Competitive Bidding (NOCB) procedures stipulated in the Public Procurement Act 2007 and its extant guidelines, the Authority now seeks the service of qualified/competent Insurance companies to submit Expression of Interest for the Authority’s Insurance Policies (Life, General and Brokers), under its 2021 Financial year/Internally Generated Revenue (IGR) Budget.

(B) AVAILABLE LOTS/CATEGORIES OF INSURANCE POLICIES

(C) SCOPE OF INSURANCE REQUIRED

The scope of Insurance shall include the following:
(i) Airport Owners and Operators Liability.

(ii) Industrial All Risk Liability: (a) Fire/Extraneous Peril Insurance (b) Money Insurance (c) Plant All Risk Insurance.

(iii) Private Motor Insurance.

(iv) Vehicle (Own Goods) Insurance:

(a) Vehicle (Private Bus) Insurance

(b) Vehicle (Special Type) Insurance.

(v) Professional Indemnity Insurance: (a) Group Life Insurance (b) Group Personal Accident Insurance.

(C) ELIGIBILITY REQUIREMENTS
(a) Evidence of Company’s Certificate of Incorporation (or Business registration) with the Corporate Affairs Commission (CAC), including certified true copy of Memorandum and Articles of Association, forms CAC2 & CAC7 (where applicable).

(b) Evidence of Company’s Income Tax Clearance Certificate (or Personal Income Tax Clearance Certificates of all the Partners in case of Business Name) for the last three years (i.e. 2018, 2019 and 2020), valid till 31st December 2021.

(c) Evidence of current Pension Clearance Certificate, valid till 31st December 2021 (where applicable).

(d) Evidence of current Industrial Training Fund (ITF) Certificate of Compliance, valid till 31st December 2021 (where applicable).

(e) Evidence of current Nigeria Social Insurance Trust Fund (NSITF) Clearance Certificate, valid till 31st December 2021.

(f) Evidence of current registration with Financial Reporting Council of Nigeria.

(g) Evidence of registration on the National Database of Federal Contractors Consultants and Service Providers by submission of Interim Registration Report (IRR) valid till 31st December 2021 or valid certificate issued by the Bureau of Public Procurement (BPP).

(h) Sworn Affidavit from Court of competent jurisdiction in Nigeria (Federal State), including stamped passport photograph and signature of deponent/declarant, disclosing as follows:

• Whether or not any officer of the relevant committees of the Federal Airports Authority of Nigeria (FAAN) or Bureau of Public Procurement (BPP) is a former or present Director, Shareholder or has any pecuniary Interest in the bidder.
• To confirm that all information presented in its bid are true and correct In all particulars.
• That the Director(s) has/have never been convicted by any court of law.
• That the firms Director or the company is not bankrupt.

(i) For Lead Insurance and Co-Insurance Underwriters (general and Life), interested companies are required to submit copes of the following documents;

• Evidence of being Insurance Company/Co-Insurance Underwriter operating for a minimum of ten (10) years;

(J) For Lead and Co-Insurance Brokers, interested company are required to submit evidence of operating for a minimum of ten (10) years

(k) Company’s Audited Accounts for the last three (3) years (i.e. 2018, 2019 and 2020).

(l) Evidence of financial capability to execute the project by submission of Reference Letter from a reputable Commercial Bank in Nigeria, indicating willingness to provide credit facility for the execution of project when needed.

(m) Company Profile, with Curriculum Vitae of Key Staff to be deployed for the  project, Including copies of their academic and professional certificates.

(n) Verifiable documentary evidence of similar works successfully completed/ongoing project in the last five (5) years, Including Letters of Award, Contract Agreements, Job Completion Certificates, Photographs, etc.

(o) Insurance Brokers:

• Valid Operational license Certificate issued by NAICOM;
• Certified True Copy of Audited Accounts approved by NAICOM;
• Valid and current professional indemnity policy with limit of indemnity not less than N10 million for protection against wrong advice.

(p) Underwriters:

• Operational License issued by NAICOM
• Valid and adequate re-insurance Treaty arrangement
• Certified True Copy of Audited Accounts approved by NAICOM.

(q) A statement signed by the Company’s MD/Chief Executive Officer that the Company settles and will settle all genuine claims promptly.

(r) All documents for submission must be transmitted with a Covering/Forwarding letter under the Company/Firm’s Letter Head paper bearing amongst others, the Registration Number (RC) as issued by the Corporate Affairs Commission (CAC), verifiable location or address of the Head Office’ in Nigeria, Telephone Number (preferably GSM No.), E-mail address, names and nationalities of the Directors of the Company at the bottom of the page and duly signed by the authorized officer of the firm.

(C) SUBMISSION OF EOI DOCUMENTS

• The documents are to be submitted in soft copy (flash drive) and two (2) hard copies (One original and one copy) in A4 paper size and neatly The document should be arranged in the order listed above and clearly separated by dividers.
• The documents must be sealed in an envelope and the Project Name and Lot number clearly written at the top left corner of the envelope.
• All documents must be submitted to the office of “The General Manager (Procurement)”, FAAN Headquarters Annex, Ikeja – Lagos.
• Contacts: Phone No. 08033011334 or 08034706549. Email Address: procurement@faannigeria.org .
• Submission of EOI shall close at exactly 11:30 am on Monday, 10 May, 2021.

(D) OPENING OF EOI
All submission will be opened immediately after closing at 11:30 am on Monday, 10 May, 2021. at the Procurement Department, Maintenance Yard, FAAN Headquarters Annex, Ikeja, Lagos.

(F) OTHER IMPORTANT INFORMATION

• FAAN reserves the right to verify the authenticity of any claims made on the bid documents submitted by companies.
• Failure to comply with the instruction(s) and provide any required document(s) may automatically result in disqualification.
• FAAN reserves the right to reject any or all the pre-qualification documents.
• Original of all the above-listed eligibility documents may be requested for sighting as at when needed.
• Late submissions will be returned un-opened.
• All submissions must be in English language.
• Bidders are excused from the bid opening, which will be attended by officials of private sector professional organisation and Civil Society Organizations in the areas of anti-corruption/transparency.
• Bidders can submit through Post (Courier Services), provided the bid is received before deadline.
• Only shortlisted firms will be invited at a later date for collection of Request for Proposals (RfPs);
• At a later stage, prequalified bidders would be requested to submit the updated copies of their statutory documents (i.e. Tax, PENCOM, ITF, NSITF, BPP and any other relevant document) failure which may lead to disqualification.
• This advert shall not be construed to be a commitment on the part of FAAN, nor shall it entail the bidder to make any claim(s) whatsoever and/or seek any indemnity from FAAN, by virtue of such bidder having responded to this publication;
• FAAN is not bound to shortlist any firm and reserves the right to annul the Procurement process at any time without incurring any liabilities in accordance with Section 28 of the Public Procurement Act 2007.

SIGNED:
MANAGEMENT