PROVISION OF SHORT-TERM INSURANCE SERVICE FOR 34 MONTHS ENDING 30 JUNE 2029 FINANCIAL YEARClosed

Overview

Procurement of short-term insurance services for Naledi Local Municipality for 34 months ending 30 June 2029. Bidders should be Insurance Brokers registered with the Financial Services Board (FSB) and compliant with FAIS; must hold a valid tax clearance, be registered on CSD, and provide a B-BBEE status verification. The contract is effectively 34 months (with annual renewal options per the pricing Schedule).

Requirements

• Insurance broker must be registered with the FSB and hold FAIS-related qualifications; FSCA good standing and proof of underwriting by reputable insurers.
• Submit a full company profile, including JV/Consortium agreements if applicable; no sub-brokers.
• Compliance documents: original Tax Clearance Certificate, CSD registration, B-BBEE certificate, and proof of VAT registration if applicable.
• Provide Pricing Schedule with firm prices (VAT inclusive), including broker fees/commissions; ensure cover is aligned to the Schedule of Insurance Assets and includes specified defaults (e.g., councillors’ personal accident, directors’ liability, etc.).
• Demonstrate experience and capacity via previous similar work, organogram, declarations (MBD forms 1–9), and proof of professional indemnity/FAIS license.

How to Apply

• Submission deadline: 18 September 2026 at 12:00.
• Submission method: sealed bids deposited in the NALEDI Local Municipality Bid Box at 19A Market Street, Vryburg (or posted to P.O. Box 35, Vryburg 8600). Bids must be in official forms; no email submissions.
• Required documents (attach originals/certified copies as specified): MBD 1, MBD 2 (Tax Clearance; CSD proof), MBD 3.1 (Pricing), MBD 4 (Declaration of Interest), MBD 5 (Procurement above R10m where applicable), MBD 6.1 (Preference Points) and MBD 6.2 (Local Content), MBD 8 (Past SCM practices), MBD 9 (Independent Bid Determination), Annexure A (GCC). Include underwriting proof and FSB certificate; JV documents if relevant.
• Briefing: Details not specified in the available extract; the address for briefing aligns with the bid venue (Document - NLM2027-003A.pdf).
• Where to obtain documents: The tender pack is in the attached document (Document - NLM2027-003A.pdf).