Maldives
Invitation for Bids
Renewal of fire insurance policy for fixed assets
- State Electric Company Ltd (STELCO) invites sealed Bids from interested and eligible Bidders for the above mentioned tender.
- The Bid Validity shall be minimum Ninety (90) days from the date of Bid opening.
- Tender Schedule:
EVENT |
DATE |
TIME |
Pre-bid Meeting |
Sunday, 10th February 2019 |
11:30hrs |
Bid Opening |
Wednesday, 13th February 2019 |
11:30hrs |
- The Bids shall be submitted in sealed envelope and addressed as follows:
Head of Procurement Department
State Electric Company Limited
Renewal of fire insurance policy for fixed assets
Ref. no: H-2019/19
- STELCO shall not be liable for the misplacement or premature opening for the unlabeled sealed Bids.
5. Quotation Evaluation Criteria:
Sample approved bids shall be evaluated on the following basis. Points (Pts) shall be given according to the formula below.
- Price = 75 pts [(Minimum Quoted Price) / (Quoted Price) x 75].
- Scope of the coverage. 10 pts
- Deductibles. 15 pts
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 anytime during the quotation evaluation process. Also it is in STELCO’s discretion to cancel this request for quotation at anytime.
- Bids shall be opened as mentioned in the schedule, at STELCO Head Office, 2nd Floor meeting room, in the presence of those Bidders or Bidder’s representatives who wish to attend the session.
- - Important Note: It is in STELCO’s discretion to reject/cancel any bid which does not fulfil or comply the above terms, at anytime during the bid evaluation process. Also it is in STELCO’s discretion to cancel this invitation to bid at any time.
- Further information:
Interested Bidders may obtain further information from the following address:
Procurement Department
State Electric Company Limited.
Ameenee Magu, Male’, 20349
Republic of Maldives
Tel: (960) 333 8122, (960) 333 8121, (960) 333 8156
Fax: (960) 332 7036
E-mail: [email protected]