What the tender required and what the award supports
Source material and existing AI analysis appear first. Supplier conclusions remain qualified by the evidence Tenders-SA holds.
Summary
The export credit insurance corporation of south africa (ecic) seeks a service provider to conduct an independent review of its own risk and solvency assessment (orsa) maturity over three years, ensuring compliance with prudential authority’s goi 3.1 Standards. The tender is open to qualified firms with proven experience in orsa reviews, risk management, and insurance sector expertise.
Document read. The full tender notice and its supporting documents are read end-to-end. Key sections, requirements, dates, and contact details are identified and pulled into a working summary you can act on.
Compliance review. The working summary is checked against South African procurement standards — PFMA, PPPFA, B-BBEE, CIDB, local content, and preferential procurement — so nothing critical is missed before you start your bid response.
The linked award records SNG ARGEN ACTUARIAL SOLUTIONS as appointed for this tender. Recorded contract value: 759878.5 ZAR.
An award confirms appointment. It does not prove why a supplier was selected, that every qualification remains current, or that delivery was completed successfully.
Bid-ready summary. The submission guidelines, evaluation criteria, technical, financial, and compliance sections are refined into professional, easy-to-scan prose. This is the final version you can rely on when preparing your bid or briefing your team.
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Document read
Compliance review
Bid-ready summary
This RFP is for an independent review of ECIC’s Own Risk and Solvency Assessment (ORSA) maturity over three years.
ECIC is a state-owned entity (Schedule 3B of PFMA) mandated to facilitate South African export trade by underwriting export credit loans and investments. It is a licensed non-life insurer and authorised Financial Services Provider (FSP 30656), regulated by the Financial Sector Conduct Authority and Prudential Authority.
The ORSA process is integral to ECIC’s risk governance and strategic planning, ensuring:
Adequate assessment, monitoring, and management of material risks.
Sufficient capital to meet solvency and strategic business requirements.
Forward-looking risk-based governance aligned with business strategy.
The review must comply with the Prudential Authority’s GOI 3.1 standard, requiring an independent, operationally qualified person to validate the ORSA process and policy compliance.
Important Dates
Source: ECIC03P-2026_27 ORSA Review.pdf (RFP)
Closing date and time: 07 July 2026 at 11:00 SAST.
Deadline for written enquiries: 19 June 2026.
Response to enquiries published: On or before 24 June 2026.
Evaluation timeline:
Compliance evaluation: 17 July 2026.
Functional evaluation: 24 July 2026.
Preference points evaluation: 31 July 2026.
Bid adjudication: 07 August 2026.
Bid validity period: 120 days, expiring 04 November 2026.
Notification of outcome: Within 30 days from date of acceptance of bid.
Physical address for hand-delivery: Byls Bridge Office Park, Building 9, Fourth Floor, 11 Byls Bridge Boulevard, Highveld Extension 73, Centurion, 0157.
General ECIC contact: Tel +27 (0)12 471 3800, Email [email protected], Website www.ecic.co.za.
Submission Guidelines
Source: ECIC03P-2026_27 ORSA Review.pdf (RFP)
Submit proposals in PDF format via email to [email protected] by 07 July 2026 at 11:00 SAST.
If the PDF is ≤20MB, submit as one document; if >20MB, split into multiple emails to stay under 20MB each.
Hand-delivery is allowed at: Byls Bridge Office Park, Building 9, Fourth Floor, 11 Byls Bridge Boulevard, Highveld Extension 73, Centurion, 0157. Include a USB with the proposal.
Late submissions will not be accepted.
All enquiries must be in writing to [email protected] by 19 June 2026, referencing specific paragraph numbers. No telephonic or other communication with ECIC staff is permitted.
Required returnable documents: Completed and signed SBD 1 (Invitation to Bid), SBD 4 (Declaration of Interest), and SBD 6.1 (Preference Points Claim Form).
Proposals will not be returned.
Evaluation Criteria
Source: ECIC03P-2026_27 ORSA Review.pdf (RFP)
Compliance Phase: Proposals must fully comply with bid requirements. Non-compliant bids are disqualified. Bidders must be members of a professional body and provide proof.
Functional Evaluation (80/100 minimum to pass):
Corporate Profile (10 points): Detail service offerings to the South African insurance industry, firm size, and capacity.
Firm Experience (20 points): Proof of similar ORSA/risk management engagements for insurance companies in the last 24 months, with 3+ contactable references.
Team Experience (20 points): CVs of proposed team members must show specialisation in implementing/reviewing Prudential Authority GOIs, conducting ORSAs, and relevant qualifications (e.g., actuarial/risk management).
Methodology (50 points): Clearly demonstrate approach, understanding of ORSA requirements, and articulate success factors/milestones.
Preference Points (80/20 System):
80 points for price (lowest acceptable bid scores highest).
0 points: Any other B-BBEE level or no certificate.
Bidders must indicate claimed points in SBD6.1; failure to do so results in zero points.
Objective Criteria: Bidders with directors/shareholders classified as Prominent Influential Persons (PIP) under FICA or with questionable integrity may be disqualified after due diligence.
Substantiation: Valid B-BBEE Certificate or Sworn Affidavit required to claim Specific Goals points.
Technical Specifications
Source: ECIC03P-2026_27 ORSA Review.pdf (RFP)
Scope: Independent review of ECIC’s Own Risk and Solvency Assessment (ORSA) maturity over three years, aligned with Prudential Authority’s Governance and Operational Standards for Insurers (GOI 3.1).
Key Focus Areas:
ORSA Policy: Review compliance with GOI 3.1 and assess implementation effectiveness.
Governance: Evaluate maturity of ORSA process governance.
Risk Management: Assess maturity of risk management processes related to ORSA, including emerging risk identification.
ORSA Outcomes: Review alignment with risk appetite, tolerances, limits, and influence on resilience planning/business continuity.
Capital Management: Assess maturity of capital management integration into ORSA (forward-looking, scenario-based, strategic).
Deliverables:
Provide a review/assurance report outlining the process, findings, and recommendations.
Present the report annually to ECIC management and the Risk Committee of the Board (virtual or in-person).
Travel: ECIC will reimburse actual travel costs (including time) for in-person meetings per its Travel Policy (three-star accommodation, ground transport at National Department of Transport rates).
Due Diligence: ECIC may conduct site inspections or due diligence to verify bidder information. Inconsistencies may lead to disqualification.
Methodology
Source: ECIC03P-2026_27 ORSA Review.pdf
The methodology evaluation (50 points) assesses the bidder’s proposed approach to the ORSA independent review.
Key factors for scoring (0–5 scale):
Approach and Methodology: Clearly demonstrated and aligned with ORSA requirements.
Understanding of ORSA: Evidence of comprehension of ORSA standards and regulatory expectations.
Success Factors and Milestones: Clearly articulated, with measurable outcomes.
Points are awarded as follows:
0: None of the criteria met.
1: One criterion met (A, B, or C).
3: Two criteria met.
5: All three criteria met.
Quality Management
Source: ECIC03P-2026_27 ORSA Review.pdf
ECIC may conduct due diligence or site inspections at its discretion to verify bidder information, including premises or client sites (with bidder permission).
Criteria for due diligence will be issued in advance if applicable.
Inconsistencies between submitted information and on-site findings may result in disqualification.
ECIC may select the next highest-scoring bidder if the identified bidder fails due diligence.
Compliance Requirements
Source: ECIC03P-2026_27 ORSA Review.pdf (RFP)
Mandatory Registration: Valid registration on the National Treasury Central Supplier Database (CSD).
Tax Compliance: Submit Tax Compliance Status (TCS) PIN from SARS or CSD number if no TCS PIN is available. Consortia/joint ventures must provide separate TCS certificates/PINs/CSD numbers for each party.
Standard Bidding Documents: Complete and sign SBD 1 (Invitation to Bid), SBD 4 (Declaration of Interest), and SBD 6.1 (Preference Points Claim Form). Failure to submit SBD 6.1 results in zero Specific Goals points.
B-BBEE: Provide a valid B-BBEE Certificate or Sworn Affidavit to substantiate Specific Goals claims.
Sub-contracting:
Generics may subcontract ≥30% to Black-owned, Black women-owned, Black youth-owned, Black people with disabilities, EMEs, or QSEs.
EMEs and QSEs may bid without subcontracting.
Subcontracting >25% to entities with lower Specific Goals is not permitted unless the subcontractor is an EME with execution capability.
Disqualification Risks:
Bidders or their directors/shareholders/trustees/members/partners restricted from conducting business with the State.
Non-compliant tax affairs (unless foreign bidder with no SA tax obligations).
Failure to declare business interests in SBD 4.
Transgressions of Prevention and Combating of Corrupt Activities Act or Competition Act.
Directors/shareholders classified as Prominent Influential Persons (PIP) under FICA or with questionable integrity.
Professional Membership: Bidders must be members of a professional body and provide proof.
Contractual Terms
Source: ECIC03P-2026_27 ORSA Review.pdf
The contract will be documented in a separate agreement (SBD 7) between ECIC and the appointed bidder.
ECIC reserves the right to:
Amend bid conditions, bid validity period, specifications, or extend the closing date before the deadline.
Cancel or withdraw the bid at any time without liability.
Award the bid to multiple bidders or in part.
Negotiate with shortlisted bidders.
Not accept the lowest-priced bid or award to the highest-scoring bidder.
Conduct site visits at bidder offices or client sites.
Request additional information to verify bid details.
Confidentiality: All submission information is strictly confidential. Bidders agree not to disclose or access another respondent’s confidential information.
Disclaimer: ECIC disclaims liability for any incorrect or misleading information in the bid. The RFP is not an offer; responses do not imply a contract.
Personal Information: Processed in accordance with POPI (Protection of Personal Information Act).
Section
Source: ECIC03P-2026_27 ORSA Review.pdf
The 80/20 preference point system applies: 80 points for price (lowest acceptable bid scores highest), 20 points for Specific Goals (B-BBEE).
Bidders must indicate their claimed Specific Goals points in the SBD6.1 form; failure to do so results in zero points.
Points for Specific Goals are awarded based on:
B-BBEE Procurement Recognition Level (135% or 110%).
Ownership percentages by Black people, Black females, Black Designated Groups, or Black Voting Rights (≥50.1%, ≥30%, or <30%).
Bidders must provide a valid B-BBEE Certificate or Sworn Affidavit to substantiate claims.
Qualified inference
Inference only
The successful bid likely addressed this expectation, but the submitted evidence and evaluation reason are unavailable.
The linked award confirms appointment only, not the submitted qualification or reason for selection.
2Inferred operational need
The ORSA process is integral to ECIC’s risk governance and strategic planning, ensuring:
Why it matters: This is a qualified operational interpretation of the stored scope, not a stated mandatory or scored criterion.
Inferred from stored analysis; verify against the source document.
The linked award records SNG ARGEN ACTUARIAL SOLUTIONS as appointed for this tender. Recorded contract value: 759878.5 ZAR.
Qualified inference
Inference only
The successful bid likely addressed this expectation, but the submitted evidence and evaluation reason are unavailable.
The linked award confirms appointment only, not the submitted qualification or reason for selection.
17Inferred operational need
**Scope**: Independent review of ECIC’s Own Risk and Solvency Assessment (ORSA) maturity over three years, aligned with Prudential Authority’s Governance and Operational Standards for Insurers (GOI 3.1).
Why it matters: This is a qualified operational interpretation of the stored scope, not a stated mandatory or scored criterion.
Inferred from stored analysis; verify against the source document. No source document identifier is stored for this item.
The linked award records SNG ARGEN ACTUARIAL SOLUTIONS as appointed for this tender. Recorded contract value: 759878.5 ZAR.
Qualified inference
Inference only
The successful bid likely addressed this expectation, but the submitted evidence and evaluation reason are unavailable.
The linked award confirms appointment only, not the submitted qualification or reason for selection.
27Inferred operational need
ECIC is a state-owned entity (Schedule 3B of PFMA) mandated to facilitate South African export trade by underwriting export credit loans and investments. It is a licensed non-life insurer and authorised Financial Services Provider (FSP 30656), regulated by the Financial Sector Conduct Authority and Prudential Authority.
Why it matters: This is a qualified operational interpretation of the stored scope, not a stated mandatory or scored criterion.
Inferred from stored analysis; verify against the source document.
Tenders-SA records other appointments with overlapping scope terms for SNG ARGEN ACTUARIAL SOLUTIONS.
Qualified inference
Supported inference
The recorded history supports exposure to related scope, but does not establish the bid evidence submitted or current delivery capacity.
Related historical records suggest exposure; they do not prove bid contents, current capacity, or delivery.
29Scored criterion
Firm Experience (20 points): Proof of similar ORSA/risk management engagements for insurance companies in the last 24 months, with 3+ contactable references.
Threshold: 20 points
Why it matters: The source places this item in the evaluation criteria; the recorded weight or threshold is shown when available.
No source document identifier is stored for this item.
Tenders-SA records other appointments with overlapping scope terms for SNG ARGEN ACTUARIAL SOLUTIONS.
Qualified inference
Supported inference
The recorded history supports exposure to related scope, but does not establish the bid evidence submitted or current delivery capacity.
Related historical records suggest exposure; they do not prove bid contents, current capacity, or delivery.
30Inferred operational need
**Travel**: ECIC will reimburse actual travel costs (including time) for in-person meetings per its Travel Policy (three-star accommodation, ground transport at National Department of Transport rates).
Why it matters: This is a qualified operational interpretation of the stored scope, not a stated mandatory or scored criterion.
Inferred from stored analysis; verify against the source document. No source document identifier is stored for this item.
The linked award records SNG ARGEN ACTUARIAL SOLUTIONS as appointed for this tender. Recorded contract value: 759878.5 ZAR.
Qualified inference
Inference only
The successful bid likely addressed this expectation, but the submitted evidence and evaluation reason are unavailable.
The linked award confirms appointment only, not the submitted qualification or reason for selection.
31Mandatory requirement
The review must comply with the Prudential Authority’s GOI 3.1 standard, requiring an independent, operationally qualified person to validate the ORSA process and policy compliance.
Why it matters: The source identifies this as a mandatory or eligibility condition for a compliant bid.
The linked award records SNG ARGEN ACTUARIAL SOLUTIONS as appointed for this tender. Recorded contract value: 759878.5 ZAR.
Qualified inference
Inference only
The successful bid likely addressed this expectation, but the submitted evidence and evaluation reason are unavailable.
The linked award confirms appointment only, not the submitted qualification or reason for selection.
38Mandatory requirement
**Tax Compliance**: Submit Tax Compliance Status (TCS) PIN from SARS or CSD number if no TCS PIN is available. Consortia/joint ventures must provide separate TCS certificates/PINs/CSD numbers for each party.
Why it matters: The source identifies this as a mandatory or eligibility condition for a compliant bid.
No source document identifier is stored for this item.
The linked award records SNG ARGEN ACTUARIAL SOLUTIONS as appointed for this tender. Recorded contract value: 759878.5 ZAR.
Qualified inference
Inference only
The successful bid likely addressed this expectation, but the submitted evidence and evaluation reason are unavailable.
The linked award confirms appointment only, not the submitted qualification or reason for selection.
55Mandatory requirement
Required returnable documents: Completed and signed SBD 1 (Invitation to Bid), SBD 4 (Declaration of Interest), and SBD 6.1 (Preference Points Claim Form).
Why it matters: The source identifies this as a mandatory or eligibility condition for a compliant bid.
No source document identifier is stored for this item.
The linked award records SNG ARGEN ACTUARIAL SOLUTIONS as appointed for this tender. Recorded contract value: 759878.5 ZAR.
Qualified inference
Inference only
The successful bid likely addressed this expectation, but the submitted evidence and evaluation reason are unavailable.
The linked award confirms appointment only, not the submitted qualification or reason for selection.
56Scored criterion
**Compliance Phase**: Proposals must fully comply with bid requirements. Non-compliant bids are disqualified. Bidders must be members of a professional body and provide proof.
Why it matters: The source places this item in the evaluation criteria; the recorded weight or threshold is shown when available.
No source document identifier is stored for this item.
The linked award records SNG ARGEN ACTUARIAL SOLUTIONS as appointed for this tender. Recorded contract value: 759878.5 ZAR.
Qualified inference
Inference only
The successful bid likely addressed this expectation, but the submitted evidence and evaluation reason are unavailable.
The linked award confirms appointment only, not the submitted qualification or reason for selection.
58Scored criterion
Team Experience (20 points): CVs of proposed team members must show specialisation in implementing/reviewing Prudential Authority GOIs, conducting ORSAs, and relevant qualifications (e.g., actuarial/risk management).
Threshold: 20 points
Why it matters: The source places this item in the evaluation criteria; the recorded weight or threshold is shown when available.
No source document identifier is stored for this item.
The linked award records SNG ARGEN ACTUARIAL SOLUTIONS as appointed for this tender. Recorded contract value: 759878.5 ZAR.
Qualified inference
Inference only
The successful bid likely addressed this expectation, but the submitted evidence and evaluation reason are unavailable.
The linked award confirms appointment only, not the submitted qualification or reason for selection.
63Scored criterion
**Objective Criteria**: Bidders with directors/shareholders classified as Prominent Influential Persons (PIP) under FICA or with questionable integrity may be disqualified after due diligence.
Why it matters: The source places this item in the evaluation criteria; the recorded weight or threshold is shown when available.
No source document identifier is stored for this item.
The linked award records SNG ARGEN ACTUARIAL SOLUTIONS as appointed for this tender. Recorded contract value: 759878.5 ZAR.
Qualified inference
Inference only
The successful bid likely addressed this expectation, but the submitted evidence and evaluation reason are unavailable.
The linked award confirms appointment only, not the submitted qualification or reason for selection.
64Inferred operational need
**Standard Bidding Documents**: Complete and sign SBD 1 (Invitation to Bid), SBD 4 (Declaration of Interest), and SBD 6.1 (Preference Points Claim Form). Failure to submit SBD 6.1 results in zero Specific Goals points.
Why it matters: This is a qualified operational interpretation of the stored scope, not a stated mandatory or scored criterion.
Inferred from stored analysis; verify against the source document. No source document identifier is stored for this item.
The linked award records SNG ARGEN ACTUARIAL SOLUTIONS as appointed for this tender. Recorded contract value: 759878.5 ZAR.
Qualified inference
Inference only
The successful bid likely addressed this expectation, but the submitted evidence and evaluation reason are unavailable.
The linked award confirms appointment only, not the submitted qualification or reason for selection.
65Mandatory requirement
All enquiries must be in writing to [email protected] by 19 June 2026, referencing specific paragraph numbers. No telephonic or other communication with ECIC staff is permitted.
Why it matters: The source identifies this as a mandatory or eligibility condition for a compliant bid.
No source document identifier is stored for this item.
The linked award records SNG ARGEN ACTUARIAL SOLUTIONS as appointed for this tender. Recorded contract value: 759878.5 ZAR.
Qualified inference
Inference only
The successful bid likely addressed this expectation, but the submitted evidence and evaluation reason are unavailable.
The linked award confirms appointment only, not the submitted qualification or reason for selection.
66Inferred operational need
ECIC may conduct due diligence or site inspections at its discretion to verify bidder information, including premises or client sites (with bidder permission).
Why it matters: This is a qualified operational interpretation of the stored scope, not a stated mandatory or scored criterion.
Inferred from stored analysis; verify against the source document.
The linked award records SNG ARGEN ACTUARIAL SOLUTIONS as appointed for this tender. Recorded contract value: 759878.5 ZAR.
Qualified inference
Inference only
The successful bid likely addressed this expectation, but the submitted evidence and evaluation reason are unavailable.
The linked award confirms appointment only, not the submitted qualification or reason for selection.
76Inferred operational need
Confidentiality: All submission information is strictly confidential. Bidders agree not to disclose or access another respondent’s confidential information.
Why it matters: This is a qualified operational interpretation of the stored scope, not a stated mandatory or scored criterion.
Inferred from stored analysis; verify against the source document.
The linked award records SNG ARGEN ACTUARIAL SOLUTIONS as appointed for this tender. Recorded contract value: 759878.5 ZAR.
Qualified inference
Inference only
The successful bid likely addressed this expectation, but the submitted evidence and evaluation reason are unavailable.
The linked award confirms appointment only, not the submitted qualification or reason for selection.
77Inferred operational need
Disclaimer: ECIC disclaims liability for any incorrect or misleading information in the bid. The RFP is not an offer; responses do not imply a contract.
Why it matters: This is a qualified operational interpretation of the stored scope, not a stated mandatory or scored criterion.
Inferred from stored analysis; verify against the source document.
The linked award records SNG ARGEN ACTUARIAL SOLUTIONS as appointed for this tender. Recorded contract value: 759878.5 ZAR.
Qualified inference
Inference only
The successful bid likely addressed this expectation, but the submitted evidence and evaluation reason are unavailable.
The linked award confirms appointment only, not the submitted qualification or reason for selection.
79Inferred operational need
Hand-delivery is allowed at: Byls Bridge Office Park, Building 9, Fourth Floor, 11 Byls Bridge Boulevard, Highveld Extension 73, Centurion, 0157. Include a USB with the proposal.
Why it matters: This is a qualified operational interpretation of the stored scope, not a stated mandatory or scored criterion.
Inferred from stored analysis; verify against the source document. No source document identifier is stored for this item.
The linked award records SNG ARGEN ACTUARIAL SOLUTIONS as appointed for this tender. Recorded contract value: 759878.5 ZAR.
Qualified inference
Inference only
The successful bid likely addressed this expectation, but the submitted evidence and evaluation reason are unavailable.
The linked award confirms appointment only, not the submitted qualification or reason for selection.
80Mandatory requirement
- Must be a member of a professional body with valid proof of membership. - Minimum 80/100 points in Functional Evaluation (corporate profile, firm experience, team expertise, methodology). - Valid B-BBEE Certificate or Sworn Affidavit required to claim Specific Goals points (20 max). - Submit completed SBD 1, SBD 4, and SBD 6.1 forms; failure to submit SBD 6.1 results in zero Specific Goals points. - Proposals must be submitted in PDF via email to [email protected] by 07 July 2026 at 11:00 SAST. - Must provide 3+ contactable references for similar ORSA/risk management engagements in the last 24 months. - Must demonstrate compliance with National Treasury CSD registration and SARS tax obligations.
Threshold: Minimum 80/100 points in Functional Evaluation (corporate profile
Why it matters: The source identifies this as a mandatory or eligibility condition for a compliant bid.
No source document identifier is stored for this item.
Source: AI key requirements · requirements
Known supplier evidence
Tenders-SA records other appointments with overlapping scope terms for SNG ARGEN ACTUARIAL SOLUTIONS.
Qualified inference
Supported inference
The recorded history supports exposure to related scope, but does not establish the bid evidence submitted or current delivery capacity.
Related historical records suggest exposure; they do not prove bid contents, current capacity, or delivery.
81Scored criterion
The 80/20 preference point system applies: 80 points for price (lowest acceptable bid scores highest), 20 points for Specific Goals (B-BBEE).
Threshold: 80 points
Why it matters: The source places this item in the evaluation criteria; the recorded weight or threshold is shown when available.