DEADLINE: 15TH NOVEMBER, 2022
NIGERIAN SECURITY PRINTING AND MINTING PLC (NSPM Plc)
160 SAMUEL LADOKE AKINTOLA BOULEVARD, GARKI II, ABUJA
REQUEST FOR EXPRESSION OF INTEREST FOR THE APPOINTMENT OF INSURANCE COMPANIES/BROKERS FOR THE NIGERIAN SECURITY PRINTING AND MINTING PLC
1. INTRODUCTION
The Nigerian Security Printing and Minting Plc (NSPM Plc) invites interested Insurance Companies and Brokers registered in Nigeria, to bid as Underwriter and Broker respectively, for its insurance activities for the period 2023 and 2024
Category A: Underwriters
Lot K1: Underwriter for Fire and Special Perils
Lot K2: Underwriter for Consequential loss on fire
Lot K3: Underwriter for Commercial Vehicle
Lot K4: Underwriter for Group Personal Accident
Lot K5: Underwriter for Private Motors
Lot K6: Underwriter for Fidelity Guarantee
Lot K7: Underwriter for Goods in Transit
Lot K8: Underwriter for Marine
Lot K9: Underwriter for Machinery Breakdown
Lot K10: Underwriter for Group Life.
Category B: Brokers
Lot P1: Broker for Fire and Special Perils
Lot P2: Broker for Consequential loss on fire
Lot P3: Broker for Commercial Vehicle
Lot P4: Broker for Group Personal Accident
Lot P5: Broker for Private Motors
Lot P6: Broker for Fidelity Guarantee
Lot P7: Broker for Goods in Transit
Lot P8: Broker for Marine
Lot P9: Broker for Machinery Breakdown
Lot P10: Broker for Group Life
2. ELIGIBILITY REQUIREMENTS
a. Evidence of Certificate of Incorporation issued by the Corporate Affairs Commission (CAC) including Memorandum and Articles of Association Form CAC 1.1 or CAC2 and CAC7. Business Name is also acceptable for Brokers
b. Evidence of Company’s Income (or Personal Income Tax Clearance Certificate of all the Partners in case of Business Name) Tax Clearance Certificate for the last three (3) years valid till 31st December, 2022;
c. Certified True Copy (CTC) of current Company’s Annual Returns
d. Evidence of Pension Clearance Certificate valid till 31st December, 2022 (this requirement is only applicable to bidders whose number of staff is 15 and above);
e. Evidence of Industrial Training Fund (ITF) Compliance Certificate valid till 31st December, 2022 (this requirement is only applicable to bidders whose number of staff is 5 and above or the bidder’s annual turnover is N50m and above):
f. Evidence of Nigeria Social Insurance Trust Fund (NSITF) Clearance Certificate valid till 31st December, 2022;
g. Evidence of Registration on the National Database of Federal Contractors, Consultants and Service Providers by submission of Interim Registration Report (IRR) expiring on 31st December, 2022 or valid Certificate issued by BPP.
h. Sworn Affidavit:
-disclosing whether or not any officer of the relevant committees of the Nigerian Security Printing and Minting Plc or the Bureau of Public Procurement is a former or present Director, shareholder or has any pecuniary interest in the bidder and to confirm that all information presented in its bid are true and correct in all particulars;
-that no Director has been convicted in any Country for any criminal offence relating to fraud or financial impropriety or criminal misrepresentation or falsification of facts relating to any matter;
-that the Company is not in receivership, the subject of any form of insolvency or bankruptcy proceedings of the subject of any form of winding up petition or proceedings,
-that the company does not have existing loan or financial liability with a bank, other financial institution or third party that is classified as doubtful, non-performance, bad or whose repayment portion has been outstanding for the last four (4) months;
i. Evidence of Firm’s current registration with the Financial Reporting Council of Nigeria (FRCN):
j. Reference Letter from a reputable commercial bank in Nigeria, indicating willingness to provide credit facility for the execution of the project when needed;
k. Company’s Profile with the Curriculum Vitae of Key Staff to be deployed for the project, including copies of their Academic/ Professional qualifications;
l. Verifiable documentary evidence of at least three (3) similar jobs executed in the last five (5) years including Letters of Awards, Valuation Certificates, Job Completion Certificates and Photographs of the projects
m. Insurance Companies/insurers/Underwriters:
(i) Operational Licence issued by NAICOM;
(ii) Valid and adequate re-insurance Treaty arrangement and;
(iii) Certified True Copy of Audited Accounts for the last three (3) years – 2019, 2020 & 2021 approved by NAICOM;
(iv) Evidence of cumulative annual claims payment of over N100,000,000.00 (One hundred Million Naira) only for a five-year period from January 2017 to date;
(v) Evidence of verifiable Office in at least three (3) States in Nigeria:
(vi) Recapitalization schedule submitted to NAICOM and evidence of compliance up to December 2021 including the approval of recapitalization plan;
(vii) Evidence of Re-insurance program and premium payment receipt for class of business the insurer intends to bid;
n. Insurance Brokers:
(1) Valid Operational Licence Certificate issued by NAICOM;
(ii) Valid and current professional indemnity policy with limit of indemnity not less than N10 million for protection against wrong advice
(iii) Certified True Copy of Audited Accounts for the last three (3) years – 2019, 2020 & 2021 approved by NAICOM;
(iv) Evidence of verifiable Office in Nigeria;
o. 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), Contact Address, Telephone Number (preferably GSM No.), and e-mail address. The Letterhead Paper must bear the Names and Nationalities of the Directors of the Company at the bottom of the page, duly signed by the authorised officer of the firm
NOTE: Any company indebted to NSPM Plc. in respect of all discharged claims as at 31st December 2021 will be automatically disqualified.
3. SUBMISSION OF EXPRESSION OF INTEREST (EOI)
3.1 Complete EOI (1 original, 2 copies) should be packaged in a sealed waxed envelope Boldly Marked: “Name of the Project and Lot No” and addressed to:
The Managing Director/Chief Executive,
The Nigerian Security Printing and Minting Plc,
160 Samuel Ladoke Akintola Boulevard,
Garki Il, Abuja.
The Company’s name should be written on the reverse side of the Envelope and submitted not later than 12:00 noon Tuesday, November 15, 2022.
5.0 OPENING OF EOI
The EOI documents will be opened immediately after the deadline for submission at 12.00 noon on Tuesday, November 15, 2022 at Room 06, 2nd Floor, NSPM Plc. Head Office, 160 Samuel Akintola Boulevard, Garki II, Abuja.
6.0 IMPORTANT NOTICE
i. Late submission shall be returned un-opened
ii. All submissions should be arranged and numbered in the order listed above.
iii. NSPM Plc shall deal directly with only authorised officers of the interested companies and not through individuals or agents.
iv. All costs incurred by the bidders as a result of this application and subsequent request for information shall be borne by the bidder.
v. Expression of interest and any related process neither creates any commitment by NSPM Plc nor establishes any legal relationship.
vi. All information must be provided in English Language.
vii. Willful submission of any fictitious document shall lead to disqualification and possible prosecution.
viii. Bidders can submit through Post (Courier Services)
ix. Attendees at the bid openings shall be required to wash hands, use hand sanitiser, wear mask and observe physical distancing. The Bids will be opened in the presence of CSOs and Professional bodies and covered by video recording, invitation link will be sent to bidders who choose to join the bid opening online.
x. Only shortlisted Firms will be invited at a later date for collection of Request for Proposals.
xi. The NSPM Plc is not bound to shortlist any bidder 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
