Introduction

Male’ Water & Sewerage Company Pvt Ltd (MWSC) invites interested Insurance Companies in the Maldives to provide Insurance services with demonstrated capacity to submit proposals towards providing Insurance cover for MWSC Assets & Risks as per the below minimum requirements and coverage.

1. Scope of Service

The Insurer is responsible to provide Contract All Risk and Group Personal Accident insurance coverages for 20 island projects as per below specified terms and coverages for contracting period;

4        Conditions of RFP

• The proposal submitted should be in line with the information given out in this information sheet.
• All fees should be quoted in Maldivian Rufiyaa.
• Proposals and cost schedule submitted should be valid and binding for 30 days following the proposal date.
• Respondents to this RFP should have all the necessary consents, licenses, permits registration (registered insurance company) and approvals required under the Maldivian law to carry out the scope of work outlined in this RFP.
• No warranties or conditions of the proposals shall limit any of the provisions under policy or Minimum requirement of this RFP.
• Period of cover shall be contract completion date from the date of the cover.
• MWSC reserves right to terminate the service from the appointed insurer at any time of the policy period if the awarded party fails to comply terms/instructions of this invitation or upon observing any misrepresentation or false information in the proposals. In such case, cancellation returns must be made for the remaining period of the policies within 15 days of termination/cancellation.
• MWSC will award the contract to the bidder, whose bid has been determined to be substantially responsive to the bidding documents and who scored highest in the evaluation.
• MWSC reserves the rights to accept or reject any, or all proposals, and to annul this call for RFP process, at any time, thereby rejecting all proposals prior to selection of the most suitable option.
• MWSC shall have no liability for any information it provides, or for any costs or loss to any party responding to this RFP, in this event that this call for RFP is cancelled, suspended, or changed.
• Nothing contained or implied in this call for RFP shall oblige MWSC to discuss, justify or give reasons for any of its decisions or actions relating to this process or any individual response.
• Proposals are submitted on the basis that no binding legal relations with MWSC are created and that respondents agree to be bound by the conditions contained herein.

5        Instructions to Bidders

• Proposal Contents, Proposals for the Service must include the following:

• Insurance premium printed in company letterhead indicating:
  • Payment terms
  • Copy of the policy wording
  • Benefits and payment terms.

Evaluation Criteria

Clarification

A prospective bidder requiring any clarification of the Bid Documents may notify the Employer in writing to the postal mailing address shown under “Submission” in the following, or by fax.  The Employer will respond in writing to any request for clarification received earlier than two days prior to the deadline for submission of bids.  Copies of the Employer’s response will be forwarded to all bidders, including a description of the enquiry but without identifying its source.

Submission

The proposal must be placed in a sealed envelope marked ‘Private and Confidential’ and titled “Invitation for the Expression of Interest for Insurance of ongoing Projects of MWSC Facilities in 20 Islands”

And addressed to:

Male’ Water and Sewerage Company Pvt Ltd

Customer Service Building 6th Floor

Ameenee Magu, Machchangolhi

Male’ 20 – 03

Mail to: [email protected]

All parties must attend to the above address on 16^th April 2023, 11:00hrs

Late bids will not be accepted.

For more information, please contact Contracting Department (+960) 332-3209, 941-1997, 779-1938.

Contracting Department