DEADLINE: 13TH NOVEMBER, 2023
NIGERIAN NATIONAL PETROLEUM COMPANY (NNPC) LIMITED
NNPC LTD TOWERS, HERBERT MACAULAY WAY, PMB 190, GARKI-ABUJA, NIGERIA
INVITATION TO TENDER AS INSURER FOR NNPC LTD NON-OIL ASSETS AND LIABILITIES FOR THE YEAR 2024/2025
The NIGERIAN NATIONAL PETROLUEM COMPANY LIMITED invites interested Insurance registered in Nigeria, to bid as insurer for its Non-Oil Assets and Liabilities Insurance Programme.
The contract(s) for the insurance of the Non-Oil Assets and liabilities shall be awarded to the successful bidder(s) for a period of 12 months
The classes of Insurance include but not limited to:
a. LIFE (Group Life)
b. NON-LIFE (Automobile Group Personal Accident, Travel Medial, Marine Cargo, and combined all risks (fire and Special perils, Burglary, Goods-in-transit, marine Hull, Electronic Equipment, and General third party Liability).
ELIGIBILITY CRITERIA
All interested Insurance companies seeking to be considered must satisfy the following eligibility and qualification criteria:
A. Be a Limited Liability Company registered with the Corporate Affairs Commission (CAC) in Nigeria and licensed by the National Insurance Commission (NAICOM) to transact life or General Insurance business or both.
B. Have a minimum paid up capital as approved by NAICOM for the different classes of insurances
C. Satisfy the margin of solvency requirements as prescribed by the Insurances
D. Be a good corporate citizen of Nigeria that pays its taxes as and when due.
E. Fulfill all statutory requirements to operate as an insurer in the Nigerian Oil and Gas Industry.
In compliance with the NNPC LTD Supply Chain Management Policies and Procedures, NNPC LTD hereby invites qualified Insurers interested in this bid to submit the following documents as evidence to satisfy A to E above
1. Certified True Copy of the Certificate of Incorporation obtained from the Corporate Affairs Commission within the last twelve months ending November 2023 and CAC form CO2 (statement of share capital and return of allotment) and CO7 (particulars of Directors).
2. Certified True Copy of the National insurance Commission (NAICOM) of the company’s current license to operate as an insurer to transact the class of business it intends to bid.
3. Company NAICOM Approved and Published Annual Accounts and reports for the years ending 2020, 2021 and 2022.
4. NAICOM approval of Annual Audited Accounts and returns for underwriting year ending 31st December, 2023
5. Copy of the Tax Clearance Certificate issued by the Federal Inland Revenue Service for the past three (3) years 2020, 2021 and 2022 (Receipts not acceptable). Certification must be valid up to 31 December, 2023.
6. Certificate of compliance with the Pension Reform Act 2014 issued by the National Pension Commission (PENCOM) expiring not earlier than 31st December, 2023
7. Employee Compensation Scheme (ECS) Clearance Certificate as evidence of compliance with the provisions of the Employee Compensation Act 2010 Issued by the Nigerian Social Insurance Trust Fund expiring not earlier than 31st December.2023 (Receipts not acceptable).
8. Certificate of Compliance with the provisions of the Industrial Training Funds (ITF) ACT 2011 as issued by the ITF expiring not earlier than 31″ December, 2023
9. Relevant certificate of registration with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) (Unexpired License from defunct DPR is acceptable) expiring not earlier than 31 December, 2023
10. Evidence to prove number of relevant years of experience in Life and General Insurance business ( a minimum of ten (10) years’ experience in Life and General Insurance business is expected) please attach reference letters, copies of letters of awards including clients’ company full contract details not P.O.Box, functional phone numbers and e-mail addresses
11. Current and in-place organizational structure. Experience and skills of management and technical personnel with one-page resume showing companies worked with dates provided for each of business the Insurer intends to bid.
12. Evidence of current Re-Insurance program
13. Copy of signed 2020/2021, 2021/2022 and 2022/2023 domestic and/or foreign reinsurance slips for your non-oil assets accounts
14. Evidence of payment of 2020/2021, 2021/2022 and 2022/2023 reinsurance premiums for youth non-oil assets accounts.
15. A prospective bidder shall provide a sworn affidavit to support action as follows:
a. To allow NNPC LTD verify all claims made in your submission
b. To allow NNPC LTD verify that your organization is not in receivership, nor the subject of any form of insolvency of bankruptcy proceedings or the subject of any form of winding up petition or proceedings.
c. To confirm that the company is not a replacement for a hitherto tax defaulting company,
d. Disclosing whether or not any officer of the relevant committees of NIGERIAN NATIONAL PETROLEUM COMPANY LIMITED is a former or present Director, shareholder or has any pecuniary interest in the bidder.
e. To confirm that all information presented in its bid are true and correct in all particulars.
f. To confirm that your company does not have any Director who has been convicted in any country for a criminal offence relating to fraud or any financial impropriety of criminal misrepresentation or falsification of facts relating to any matter
16. All documents for submission must be transmitted with a duly signed covering/forwarding letter by the authorized officer of the firm under the Company/Firm’s letter head paper bearing amongst others, the Names and Nationalities of the Directors of the Company, the Registration Number (RC) as issued by the Corporate Affairs Commission (CAC), Contact Address Telephone Number (preferably GSM No and Email Address
Please note: Insurers with outstanding indebtedness to NNPC LTD older than one (1) year from the date of discharged should not apply.
NIGERIAN CONTENT REQUIREMENTS
In compliance with the Nigerian Oil and Gas Content Development Act, Prospective underwriters must submit in a separate folder the following documents:
a. CAC status report generated within 3-months of bid submission.
b. Nigerian Content Plan for the brokerage services to be provided using Nigerian Resources (past and present)
c. Provide current organization structure with evidence of the percentage of the management that are Nigerian Nationals and the percentage of the total workforce that are Nigerians.
d. Provide past details and present commitment to staff training and development of Nigerian personnel
e. Evidence of physical operational presence and set up in Nigeria (must have verifiable office addresses in Nigeria.
f. Details of training budget for Nigerian human capital development
g. A list of in-country registered office addresses
h. Number of jobs to be created by this opportunity
i. Further innovative proposal that would enhance Nigerian Content for the Insurance program.
BID SUBMISSION:
ALL BIDS MUST BE SUBMITTED ELECTRONICALLY TO THE NNPC LTD/NIPEX TENDER PORTAL
1. To be eligible for this tender exercise, interested bidders are required to fill out and submit mandatory details through this link https://forms.office.com/r/9bzBaDk789 on or before 12:00 noon Thursday 19th October, 2023.
2. Provision of 19.1 by filling the form through the link above is a mandatory requirement to register your company for participation in this EOI process in the NNPC LTD / Nipex tender process portal.
3. All interested bidders who do not provide requested information through the link in 19.1 above on or before 12:00 noon Thursday 19th October, 2023 will not have access to submit bid documents on the NNPC LTD/Nipex tender portal.
4. Individual bidders would be duly notified on their registration in the NNPC LTD/Nipex tender portal.
5. Thereafter, the bidder would have access to make their submissions on the NNPC LTD/ Nipex tender portal.
6. All submitted bids should be titled ‘ Invitation to tender as INSURER FOR NNPC LTD NON-OIL ASSETS AND LIABILITIES FOR THE YEAR 2024/2025”
THE SUBMISSION/CLOSING DATE
All documents should be submitted online through the electronic NIPEX Tender Portal on or before 12:00 Noon Monday 13th November, 2023 to www.nipex-ng.com
Only the technical bids shall be opened virtually, following the deadline for Bid submission at 12:00 Noon Monday 13th November, 2023 using Microsoft Teams. Bidders who have submitted their bids and external observers shall be invited to attend the virtual live-stream bid opening session. In the event of any unscheduled holiday on the Bid submission date, the new deadline for submission of EOIs will be on the next working day. Accordingly, the Invitation to tender Closing Date/time be extended to the next working day and time.
IMPORTANT INFORMATION
It must be noted that Bidders acknowledge and accept, with respect to the EOI that:
1. NNPC LTD will only accept documents received electronically via the designated NipeX portal, EOIs received in any other form shall not be accepted
2. Timely submission is the responsibility of the bidder.
3. At the deadline of EOIs submission bidders will no longer have access on the Nipex portal to submit their bid
4. The uploading of large electronic files may take time and as such, bidders must allow for sufficient time to fully transmit all files prior to the bid closing time.
5. All submissions must be in a readable PDF format. If the electronic files containing the EOI documents are corrupted contain a virus or are unreadable for any reason NNPC LTD serves the right to reject the EOI documents
6. Bidders are advised that NNPC LTD may not discover corrupted or unreadable files submitted via the NipeX portal until after the EOI submission deadline
7. NNPC LTD is not responsible for errors or failures in the Bidder’s own systems, and No extension of the submission deadline or time will be granted
8. NNPC LTD accepts no responsibility for Bidders misunderstanding of the instructions or incorrect usage of the NipeX portal system
9. All companies who have submitted their mandatory details and registered on the NipeX portal and external observers shall be invited to attend a virtual Expression of Interest opening session through Microsoft Teams to be communicated
10. NNPC LTD shall deal directly with only authorized officers of the interested companies and not through individuals or agents
11. All costs incurred by your company because of this invitation to submit Expression of Interest and any subsequent request for information shall be to your account
12. NNPC LTD will not enter into any form of communication with interested bidder) from the commencement date of this advertisement
13. NNPC LTD reserves the right to write the information and documents provided from regulatory authorities
14. This Invitation to tender process and any related process neither creates any commitment by NNPC LTD nor establishes any legal relationship
15. All information must be provided in English Language
16. Only shortlisted firms will be contacted for the next tender stage.
17. The NNPC LTD is not bound to prequalify any bidder and reserves the night to annul the Procurement process at any time without incurring any abilities.
This advertisement is also published on our website www.nnpcgroup.com
SIGNED:
MANAGEMENT
