Risk management and short-term insurance broking services consultant for the council for geoscience

{"name":"Nokuphiwa Mbulawa","telephone":"012 841 1251","email":"[email protected]"}

Bidders must submit two sealed envelopes/any form of packaging simultaneously, one containing the technical proposal and the other the price proposal, enclosed together in an outer single envelope/any form of packaging. The tender box is situated at the reception of the Council for Geoscience, 280 Pretoria Street, Silverton, Pretoria. Bids received after the closing date and time will not be accepted for consideration.

80/20 or 90/10 preference point system will be applicable in this tender. The evaluation criteria include price evaluation, specific goals evaluation, and functional evaluation criteria. Bidders must provide a copy of a valid registration certificate as a Risk Manager/Insurance Broker with the Financial Sector Conduct Authority (FSCA).

The Council for Geoscience (CGS) intends to appoint a risk management company as an insurance broker for a period of three years to provide professional risk management services. The scope of the services includes the procurement and management of insurance cover for various assets and liabilities.

The appointed broker will be required to provide professional insurance brokerage, risk advisory, and procurement support services for the CGS’s short term insurance portfolios.

The broker’s fee for servicing the Council for Geosciences portfolio must be shown clearly. No hidden cost will be accepted. The broker’s fee must be VAT inclusive; this broker’s fee will be a fixed amount for a period of one year.

Bidders must provide proof of Tax Clearance compliance from SARS. The Council for Geoscience will verify your tax compliance proof in terms of practice note /2018. Bidders must be registered on the Central Supplier Database (CSD) and provide proof of registration.

The Council for Geoscience reserves the right to conduct supplier due diligence prior to the final award or at any time during the contract period. This may include site visits and requests for additional information.

The appointed broker will be required to conduct a comprehensive insurance and risk assessment of the CGS’ insurable assets and liabilities, review all existing insurance policies, claims, history, premiums, limits of indemnity, deductibles, and policy conditions, and identify insurance gaps, overlaps, and opportunities for improved risk cover and financing.