INVITATION FOR INTERNATIONAL BID
The Ethiopian Insurance Corporation invites eligible bidders for the
study, customization, supply and implementation of integrated online
insurance application software that consisting of non-life, life and
account or an independent non-life, life and account application
software that meets the requirements of the Corporation as stated in
the bid document. The bid is open to both National and
complete set of bidding document in English can be obtain freely
from the Ethiopian Insurance Corporation, Head Office, General
Services Department, 7th floor, Room No. 703, Addis
Ababa, Ethiopia or can be downloaded from the following website:
National bidder and local agent of foreign bidder must submit a
currently renewed license together with certificate of registration
issued by Ministry of Finance and Economic Development of the
Federal Democratic Republic of Ethiopia. National bidders are also
required to submit Value Added Tax (VAT) certificate of
international bidder that wants to participate in the bid is
required to submit an authorized license or certificate that
certifies the bidder to transact the subject matter of the bid from
the country of origin.
bids must be accompanied by a bid security in the amount of
Ethiopian Birr 100,000 (One Hundred Thousand Only) or USD 11,557
(Eleven Thousand Five Hundred Fifty Seven) or equivalent in a freely
The bid bond shall be
furnished in one of the following forms:
Certified check, bank
guarantee, CPO issued by a recognized domestic bank, or insurance
bond from local insurer.
bidder that doesn't have a local agent in Ethiopia is required to
furnish the bid bond issued by and/or confirmed through a recognized
domestic bank in Ethiopia and should inform the Ethiopian Insurance
Corporation to collect the bid bond from the respective domestic
bank by fax or e-mail before the closing date of the bid.
bid marked as "Tender for the Study, Customization, Supply and
Implementation of an Insurance Application Software" and address to
"Ethiopian Insurance Corporation, Head Office, Room No. 703, P.O.
Box 2545, Addis Ababa, Ethiopia" will be received at Ethiopian
Insurance Corporation, Head Office, General Services Department, 7th
Floor, Room No. 703 in Addis ABaba, Ethiopia before or on May 25,
2005 until 4:00 P.M. local time. Bids received after the closing
time will be automatically rejected.
bid shall be closed on May 25, 2005 at 4:00 P.M. and opened on the
same date at 4:30 P.M. local time in the presence of bidders or
their representatives who choose to attend at Ethiopian Insurance
Corporation Head Office, Conference Hall, Addis Ababa, Ethiopia.
Ethiopian Insurance Corporation reserves the right to accept or
reject any or all bids. Interested eligible bidders may obtain
further information from Ethiopian Insurance Corporation.
Tel. 251-1-15 42 95
Fax 251-1-51 74 99
P.O. Box 2545
ETHIOPIAN INSURANCE CORPORATION