DEADLINE: 20TH JUNE, 2025
FUTURE RESILIENCE AND DEVELOPMENT FOUNDATION (FRAD)
EXPRESSION OF INTEREST FOR ASSET’S INSURANCE COVER AT FUTURE RESILIENCE AND DEVELOPMENT FOUNDATION (FRAD), BORNO STATE.
1. Background
Future Resilience and Development Foundation (FRAD) is a registered non-profit organization with the corporate affairs commission (CAC) with No CAC/IT/NO/139393 in accordance with the Nigerian Law in 2019. FRAD is a Youth Led organization pioneered and steered by a group of passionate youths that are concerned about community development services to realize the sustainable development goals, We work to promote social service through community development projects that ensure meaningful access to services by the people in need, we aim to build the Resilience of vulnerable population especially women and children to create a safe space for them to feel safer in their homes and communities, and be free from all forms of harm, violence and abuse. Our work channels energy to providing education, Nutrition, WASH, Protection and livelihood services in various forms to equip our participant with sustainable skills to thrive and be resilient. We achieve this through our various humanitarian and development interventions leaving no one behind.
FRAD Foundation owns and maintains various fixed assets; To mitigate financial risks associated with damage, loss, or theft of these assets, it is necessary to secure comprehensive insurance coverage. FRAD seeks to engage a qualified service provider to facilitate asset valuation, insurance coverage and management.
2. Purpose:
The purpose is to procure the service of a qualified insurance company to provide comprehensive insurance coverage for FRAD’s assets against risk including but not limited to fire, theft, natural disaster, accidental damages and vandalism.
3. Objectives
- To safeguard FRAD’s assets against potential loss and damage
- To ensure financial protection and continuity of operations in the events of an asset related incident
- To obtain a cost-effective insurance plan tailored to FRAD current needs.
4. Scope of Work
- Review and classification of all fixed assets for insurance purposes.
- Valuation of assets for accurate coverage.
- Provide expert guidance on coverage limits and exclusions.
- Handle claims promptly and professionally.
- Maintain regular communication on policy status and changes.
5. Requirement:
- Company profile
- CAC Certificate
- Tax clearance certificate for 2024
- Proof of previous experienc
- Valid means of identification of the company directors
- Filled, sign and stamp whistle blowing guidelines
- Filled, sign and stamp pre-selection questionnaire
Closing Date: 20th June 2025
FRAD is an equal opportunity organization and ensure selection base on transparent, competency and accountability.
