Request for Quotation

Renewal of fire insurance policy for Inventories

State Electric Company Limited (STELCO) request sealed quotations from interested and eligible parties for the supply of the following item. This request for Quotation is open for both local and international bidders.

A pre-bid meeting shall be held on Wednesday, 13^th March 2019 at 11:30hrs local time at STELCO Head Office, 2nd Floor meeting room

Quotation Evaluation Criteria:

Approved bids shall be evaluated on the following basis. Points (Pts) shall be given according to the formula below.

Price: 85 pts [(Minimum Quoted Price) / (Quoted Price) x 85].

Deductibles: 15 Pts

Quotation shall indicate the following:

 - Price: Price Currency (If not stated, shall be assumed as Maldivian Rufiyaa).

- Payment: 100% upon delivery within 30 working days.

- Payment terms: Payment shall be made in Maldivian rufiyaa

- Quotation validity: Quotation validity shall be minimum 45 days from the date of quotation opening.

- Company details: Shall submit company profile, registration copy and contact details.

The quotations shall be submitted in sealed envelope and addressed as follows:

Head of Procurement Department

State Electric Company Limited.

Renewal of fire insurance policy for Inventories

Ref. no: H-2019/40

All sealed quotations shall reach STELCO head office on or before Wednesday, 20^th March 2019, 11:30hrs. Any quotation(s) received after this deadline shall be disqualified.

STELCO shall not be liable for the misplacement or premature opening for the unlabeled sealed quotations.

Quotation Opening:

Quotation shall be opened on Wednesday, 20^th March 2019, 11:30hrs, in STELCO Head Office / 2^nd floor meeting room, in the presence of those parties or their representatives who wish to attend the session.

Important Note:

All necessary documents mentioned in ‘Terms and conditions’ in our website www.stelco.com.mv should be submitted.

 It is in STELCO’s discretion to reject/cancel any quotation which does not fulfil or comply the above terms, at any time during the quotation evaluation process. Also it is in STELCO’s discretion to cancel this request for quotation at any time. 

With reference to the Clause 12.05 of “Maaliayathu Gavaidhu” bidders providing goods or services to STELCO must submit supporting document along with the bid if they have a business or blood relationship with STELCO executives. If STELCO identifies that the bidder did not submit the relevant documents then the STELCO has the right to void the bid.

Further information:

Interested parties may obtain further information from the following address:

Procurement Department

State Electric Company Limited.

Ameenee Magu, Male’, 20349

Republic of Maldives

Tel:  (960) 333 8121 / (960) 333 8156

Fax:  (960) 332 7036

E-mail: [email protected]

06^th March 2019