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RFQ BCDA-2012-1724: One (1) Year Contract for Group Term Insurance Policy
Status:
Awarded 
Terms of Reference
Group Term Insurance Policy
1. The Bases Conversion and Development Authority (BCDA) intends to select a Group Term Insurance Policy which shall cover all bonafide employees of BCDA and BCDA Management and Holdings, Inc. (BMHI), coverable upon hiring.
2. The proposals for Group Term Insurance policy should basically contain the same terms and benefits enjoyed under BCDA’s policy for the preceding period including, but not limited to, the following benefit components:
a. Life/Group Term
b. Total and Permanent Disability Income
c. Accidental Death, Dismemberment and Disability
d. Living Benefit Coverage
e. Take-over Business Clause
3. The number of employees for coverage as of June 6, 2012, with corresponding sum insured, shall be as follows:
|
Level |
Sum Insured |
No. of Employees |
|
1 |
2,000,000 |
7 |
|
2 |
1,000,000 |
34 |
|
3 |
500,000 |
209 |
|
Total |
250 |
|
4. The coverage shall be for the period July 7, 2012 to March 31, 2013, unless otherwise terminated pursuant to the grounds for termination of contracts in accordance with the Guidelines on Termination of Contracts issued by the Government Procurement Policy Board (GPPB Resolution No. 018-2004 dated December 2004).
5. The insurance company should have the following minimum qualifications:
a. With at least five (5) years of existence as a reliable insurance provider;
b. Experience in undertaking at least three (3) similar completed projects in the past five (5) years, each with an amount of at least 50% of the proposed project.
6. All price quotations/premiums for all covered employees should not exceed Three Hundred Eighty One Thousand Two Hundred Fifty Pesos (P381,250.00) or a rate of Php 2.50 per Php 1,000 sum insured, inclusive of all applicable taxes and other charges, and the price/premium (per employee) for the duration of the contract shall be fixed. The number of covered employees may increase or decrease depending on the manpower complement of BCDA and BMHI. BCDA reserves the right to include, at its sole discretion, other individuals in the coverage.
7. BCDA reserves the right to accept or reject any or all proposals, to waive any defect or informality thereon or minor deviations which do not affect the substance and validity of any or all of the proposals, or to annul the selection process and reject all at any time prior to award, without thereby incurring any liability to the affected proponents.
8. BCDA reserves the right to reject the proposal of any proponent who:
a. does not offer the required services as provided for in this Terms of Reference;
b. is discovered to have suppressed, disclosed or falsified information; or
c. failed to satisfactorily perform/complete any contract previously taken.
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Other Information:
Bid proposal shall submit with the required documents [SEC/DTI Registration (5a) and any proofs for No. 5b] on or before 22 June 2012, 5pm to Reception Area, 2/F Bonifacio Technology Center, Bonifacio Global City, Taguig City in a sealed envelope mark as:
Title:
To: Procurement Division Chief
Address:
Contact Person:
Contact No/Fax No:
For queries regarding TOR, pls look for Mr. Mike Vivas of ODMD, tel no. 575-1700 local 1797.
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Publication Date: June 14, 2012 | Category: Goods