1. The Government Service Insurance System (GSIS) through the GSIS Corporate Operating Budget for CY 2021 intends to apply the sum of Twenty Eight Million Nine Hundred Thousand Pesos (Php28,900,000.00) being the Approved Budget for the Contract (ABC) to payments under the contract for the Reinsurance of the Industrial All Risk (IAR) Insurance of the Civil Aviation Authority of the Philippines, with the following details:

Assured Civil Aviation Authority of the Philippines (CAAP)

Line Industrial All Risk Insurance (IAR)

Period of Insurance 01 August 2021 to 31 July 2022

Total Sum Insured

Gross Php23,703,289,825.50

Retention Php 3,555,493,473.83

Facultative Php20,147,796,351.67

Premiums

Gross Premiums (exclusive of VAT) Php34,000,000.00

Retention Php 5,100,000.00

Facultative (ABC exclusive of VAT) Php28,900,000.00

Relevant underwriting information shall be issued only to bidders who purchased the Bidding Documents.

Bids received in excess of the ABC shall be automatically rejected at the bid opening.

2. The GSIS now invites bids for the Reinsurance of the Industrial All Risk (IAR) Insurance of the Civil Aviation Authority of the Philippines. The reinsurance cover shall be for a period of 12 months from 01 August 2021 to 31 July 2022. Bidders should have completed, within five (5) years from the date of submission and receipt of bids, any of the following:

(i) A contract similar to the Project whose amount/value is at least fifty percent (50%) of the ABC; or

(ii) At least two (2) similar contracts and the aggregate contract amounts should be equivalent to at least fifty percent (50%) of the ABC. The largest of these similar contracts must be equivalent to at least half of the percentage of the ABC as required above.

The deion of an eligible bidder is contained in the Bidding Documents, particularly, in Section II. Instructions to Bidders.

3. Bidding will be conducted through open competitive bidding procedures using a non-discretionary “pass/fail” criterion as specified in the 2016 Implementing Rules and Regulations (RIRR) of Republic Act (RA) 9184, otherwise known as the “Government Procurement Reform Act”.

Bidding is open to all interested bidders, whether local or foreign, subject to the conditions for eligibility provided in the IRR of RA No. 9184.

4. Interested bidders may obtain further information from the GSIS Insurance Bids and Awards Committee (GIBAC) Secretariat and inspect the Bidding Documents at the address given below from 8:00AM to 5:00PM, Monday to Friday excluding holidays.

GBAC Secretariat, Level 2 Core G, GSIS Headquarters Building, Financial Center, Pasay City

5. A complete set of Bidding Documents may be acquired by interested Bidders starting on 31 May 2021, from 9:00AM to 3:00PM from the abovementioned address and upon payment of the fee for the Bidding Documents in the amount of Php25,000.00.

It may also be downloaded free of charge from the website of the Philippine Government Electronic Procurement System (PhilGEPS) and the GSIS website (www.gsis.gov.ph/opportunities/gibac-notices), provided that bidders shall pay the applicable fee for the Bidding Documents not later than the submission of their bids.

6. The GSIS Insurance Bids and Awards Committee will hold a Pre-Bid Conference on 07 June 2021, starting 10:00AM at the following address:

GBAC Conference Room, Level 2 Core G, GSIS Headquarters Building, Financial Center, Pasay City

Interested bidders may participate in the Pre-Bid Conference through the Zoom video conferencing facility (Zoom Meetings). Please register via this : GIBACBidderReg to receive the Zoom Meeting ID No. and Password from the GBAC Secretariat.

The Pre-Bid Conference shall be open to prospective bidders.

7. Bids must be submitted to the address below and must be duly received by the GBAC Secretariat or other authorized GSIS personnel on or before 21 June 2021, 9:30AM. Bids may also be submitted electronically on or before the said date and time. Kindly refer to Annex A of the Bidding Documents for the instructions.

All bids must be accompanied by a bid security in any of the acceptable forms and in the amount stated in ITB Clause 18.

GBAC Secretariat, Level 2 Core G, GSIS Headquarters Building, Financial Center, Pasay City

Bid opening shall be on 21 June 2021, starting 10:00AM at the address stated in Item No. 6. Bids will be opened in the presence of the bidders’ representatives who choose to attend the said activity. Late bids shall not be accepted.

To ensure physical distancing, bidders may participate in the Bid Opening through the Zoom video conferencing facility (Zoom Meetings). Please register via this : GIBACBidderReg to receive the Zoom Meeting ID No. and Password from the GBAC Secretariat.

8. In accordance with GPPB Circular 06-2005, the GSIS adopts the use of “draw lots” as a tie-breaking method in the event two or more of the bidders have been declared as having the Lowest Calculated Responsive Bid (LCRB).

9. The GSIS warns the public/bidders of unscrupulous individuals and groups posing as officers/employees of the GSIS soliciting money, gifts, favors or benefits for alleged aid for whatever purpose. DO NOT GIVE anything to these unscrupulous individuals and groups. The GSIS thus enjoins the cooperation of the public/bidders to report these individuals/groups to the GSIS Insurance Bids and Awards Committee and GBAC Secretariat.

10. The GSIS reserves the right to reject any and all bids, declare a failure of bidding, or not award the contract at any time prior to contract award in accordance with Section 41 of RA 9184 and its IRR, without thereby incurring any liability to the affected bidder or bidders.