This Tender Has Expired

Document issued: 20 January 2026. Closing date: 4 March 2026 at 11:00 (SAST). Contract period: 3 years. Annual broker fee adjustment: each April.

Enquiries: Husain Osman. Email: [email protected]. Tel: +27 (0)12 305 5077. Cell: +27 (0)84 580 7262. Submission address: Necsa – The South African Nuclear Energy Corporation SOC Ltd, PO Box 582, Pretoria 0001, South Africa. Tel: +27 (0)12 305 4222.

Evaluation process: 4 phases. Phase 1: Administrative Compliance (pass/fail) - Submit all returnable documents: proof of FSCA/SAFSIA membership, Professional Indemnity (PI) and Fidelity Guarantee (FG) cover, proof of mandate to appoint assessors, CVs of proposed service team, declarations of interest and previous business association with NECSA. Phase 2: Mandatory Requirements (pass/fail) - FSCA membership, minimum PI cover of R150,000,000, minimum FG cover of R150,000,000, in-house claims handling capability, familiarity with nuclear energy industry risks. Phase 3: Technical Evaluation - Service team experience and qualifications, risk management capability, claims handling processes, industry knowledge, ability to present/train. Phase 4: Pricing Evaluation - Fully disclosed all-inclusive broker fee (VAT inclusive), fixed for one year with specified annual adjustment formula. No hidden costs. NECSA reserves the right to not accept the lowest or any tender, and may accept in whole or in part.

Scope: Provide risk management and short-term insurance broking services for NECSA Group of Companies. Must follow good business practices, meet industry standards, comply with regulatory bodies, and conform to national/international laws. Familiarity with nuclear energy industry risks required. Deliverables: Sourcing competitive quotes; claim administration and maintenance; ad hoc adjustments/endorsements on sums insured; day-to-day correspondence and queries; monitor premium payments/refunds; prepare reports as required. Claims handling must be in-house. Service team: Submit CVs of proposed team, including qualifications and experience. Appointment of investigators/loss adjusters: Must have mandate to appoint immediately; ensure qualifications and professionalism; no commission/incentives except set fees. Confidentiality: All NECSA-provided information is strictly confidential. Office visits: NECSA may request visits to broker’s offices. Presentation/training: Appointed broker must present insurance programme to NECSA management and train relevant employees.

Broker’s fee: Must be fully disclosed, VAT inclusive, and fixed for one year. Annual adjustment in April per specified formula. No hidden costs. Guarantees: Minimum Professional Indemnity cover of R150,000,000 and Fidelity Guarantee cover of R150,000,000. Submit proof of cover and indicate excess applicable. Payment terms: Not specified.

Membership: Must be a member of the Financial Services Conduct Authority (FSCA) and the South African Financial Intermediaries Association (SAFSIA) or similar. Submit proof of membership. Declarations: Must declare any interest in insurers/risk management providers/reinsurance brokers that may cause bias. Must declare any previous business association with NECSA. Mandatory: In-house claims handling capability, nuclear industry familiarity.