TENDER NOTICE - FINANCIAL IMPACT ASSESSMENT OF IFRS – 17 (INSURANCE CONTRACTS)
Postal Life Insurance Company Limited intends to invite sealed bids from the repute firms/vendors for supply of ERP solution in a software as services (SaaS) model to be procured during financial year 2022-23. The bidder must be registered with sale tax / income tax department are on Active Taxpayers List (ALT) of FBR having their own office in Islamabad/Rawalpindi of Pakistan. The tender documents containing the specifications (features & functions) of the applications along with detailed terms & conditions may be obtained from Government Liaison and Admin Officer, Postal Life Insurance Co. Limited-Head Office, Postal Staff College, Sector G-8/4, Islamabad during office hours. The Financial Bids must be accompanied with a Pay Order amounting to Rs. 100,000/-, on account of Bid Security, drawn in favor of Postal Life Insurance Company Limited. Tender procedure will be based upon “Single Stage-Two Envelopes” bidding method as prescribed under PPRA rules. Each envelop shall be as “Technical Proposal” and “Financial Proposal” in Bold to avoid confusion & the same will be considered with a weightage i.e. 70% & 30% respectively. The Financial Proposals of technically qualified bids will only be opened. Tender Documents are also available at www.Plic.com.pk and www.ppra.org.pk and may be downloaded free of cost. The closing date for receiving of the proposal will be 29-12-2022 at 14:30 Hours and it will be opened on the same date at 15:00 Hours, in PLICL Head Office, Islamabad The PLICL reserve the right to accept or reject Tenders and reduce or enhance the requirements as per PPRA Rules.