Related Tenders

Citizens Bank International Limited invites sealed Bids for acquiring insurance policy of Bankers' Blanket Insurance; Gold Insurance; Fixed asset Policy; Money Policy and Group Medical Insurance as per the terms and conditions outlined below: -

1. Tender form can be procured during office hours from General Service Department of the Bank at Head Office, Narayanhiti Path, Durbar Marg, Kathmandu upon payment of NPR 10,000.00 (Nepalese Rupees Ten Thousand only), at A/c no. 999-01290040101 nonrefundable, latest by 11:00 AM on 2082/03/17

2. Sealed Tenders should be submitted to Head Office of the Bank latest by 05:30 PM on 2082/03/17. Sealed technical documents will be opened on 11:00 AM on 2082/03/18 at Head Office of the Bank at Narayanhiti Path, Kathmandu in presence of respective bidders(s) or in presence of its authorized representative. However, non-presence of the bidder(s) or its representative will not affect or change the pre-scheduled bid opening date for opening of the Bids. Qualification document (the technical proposal) will be evaluated first and date, time and place for opening of the another sealed Bids (the financial proposal) of technically qualified bidders will be notified and will be opened in the presence of qualified bidders/authorized representatives who choose to attend. The bid documents of financial offer of the unqualified bidder shall be returned to the respective bidders in sealed (unopened) condition.

3. If the last date of purchasing, submission and opening falls on a public holiday, immediate next working day shall be considered the last day for respective jobs.

4. If the last date of purchasing, submission and opening falls on a public holiday, immediate next working day shall be considered the last day for respective jobs.

5. Documents received after the deadline of the submission will not be considered for further evaluation.

6. The Bidders meeting the following conditions will only qualify to be eligible in the Bid:

i. Must be in existence for a minimum period of last two years.

ii. Must have issued Banker's Blanket Insurance policy to at least two "A" class Nepali Commercial Banks within last two years.

iii. Must submit copies of VAT certificate, Company Registration Certificate and valid license from Nepal Insurance Authority.

iv. Name of Re-Insurer Company with supporting documents should be enclosed along with the Bid document. Re-insurance company must be rated at acceptable grade by reputed rating agency i.e. Standard & Poor etc.

v. Must comply with all the concerned regulatory guidelines.

vi. Must not have any conflict of interest with the Bank.

7. Bids must be accompanied by bid security of 5% of the bid amount either in the form of earnest money (refundable) deposited in cash at the Head Office of the Bank or in the form of bank guarantee (Bid Bond) issued in favor of the Bank having validity of 90 days from the last date of bid submission.

8. All other information is mentioned in the bid documents.

9. The Bank, at its sole discretion; reserves all the rights to accept or reject the "Bids" received from the bidders, wholly or partly; any or all the bids without assigning reason whatsoever.

General Service Department (GSD)

P.O.Box 19681

Narayanhiti path, Kathmandu, Nepal

Telephone: +977-01-4527842,+977-01-4527843 Fax 977-01-4527044, Email: gsd@ctznbank.com

Citizens

Bank

www.ctznbank.com

Source: Naya Patrika