ABUJA ELECTRICITY DISTRIBUTION (AED) PLC
SUBJECT: REQUEST FOR PROPOSAL (RFP) FOR THE PROVISION OF 2021 INSURANCE SERVICES
ISSUE DATE: 9TH NOVEMBER, 2020
1.0 Introduction
AED Plc is required to maintain power quality in line with prevailing Nigeria
regulations as set by the Nigeria Electrical Regulatory Commission (NERC) in their customer’s service standards of Performance, together with internationally
accepted standards (IEC 60050). AED Plc has a franchise for the distribution and sale of electricity across an area of 133,000 km’ in the Federal Capital Territory Niger State, Kogi State and Nasarawa State.
2.0 The Services (“The Services”) CONSIST OF THE FOLLOWING
AED Plc would be requiring the services of Insurance Brokers for the
following Insurance policies (January 2021-December, 2021)
S/N Name of Policy 1 Group Life Assurance Policy 2 Group Personal Accident 3 Directors’ and Officers Liability 4 Motor Vehicle Insurance 5 Property-All Risk and Business Interruption (including Machinery Breakdown) 6 Sabotage and Terrorism, Including Malicious Damage, Strikes, Ricts, and Civil Commotion 7 Public & Products Liability, and Electromagnetic Field Liability 8 Money insurance (with fidelity guarantee extension) 9 Computer A-Risk 10 Cyber Liability Insurance
3.0 MANDATORY REQUIREMENTS FROM INSURANCE BROKERS
1. Evidence of certified copies of Certificate of Incorporation with the Corporate Affairs Commision (CAC) inducing Forms CAC2 and CAC7.
2. Evidence of Company Income’s Tax Clearance Certificate (ertfed by FIRS) for the last three (3) years (2017, 2018 & 2019) valid till 31st December 2020
3. Evidence of Company Audited Accounts for 2018 & 2019 duly signed by licensed Auditors and certified by NAICOM.
4. Company profile to include names, qualification and experience of key personnel
5. Evidence of Current Operating License from the National Insurance Commission (NAICOM)
6. Professional Indemnity (Evidence d Valid Current Cover)
7. Evidence of Registration Certificate with Nigerian Council of Registered Insurance Brokers (NCRIB)
8. Membership of Financial Reporting Council (FRC) of the Broker
9. Sworn affidavit that none of the companý’s director has been convicted in any law court for any criminal offence including fraud and financial impropriety
10 Documented evidence of at least 3 similar jobs successfully completed within the last 5 years indudíng Letters of Award
4.0 Mandatory Requirements for Proposed Under-Writers to be used by the Brokers
1. NAICOM approved financial statements for 2018 &2019 Financial Years
2. 2018 Capital Assets Shareholder’s Fund
3. Recapitalization Plan as submitted to NAICOM
4. Draft sample copies of policy documents
5. Valid reinsurance treaty cover to be provided by Underwriters
6. Approved recapitalization plan by NAICOM for proposed underwrites
5.0 ACCESS TO PROPOSAL DOCUMENTS
Interested Insurance Brokers can obtain the Proposal document by visiting
www.abujaelectricity.com, go to tender link https://www.abujaelectricity.com/wp–
content/uploads/2020/11/RFP-for-2021-Insurance-Requirements.pdf and download the bid document.
6.0 SUBMISSION REQUIREMENTS
Instructions regarding preparation and submission of the proposal is contained in the RFP document.
Signed
Management
AED PLC
