Invitation to Tender for the Provision of Group Life Insurance at the FIRST Exploration and Petroleum Development Company Limited

FIRST Exploration and Petroleum Development Company Limited - We are a Nigerian independent oil and gas company that was established in 2011.

• The NNPC/FIRST E&P JV Group Life Insurance would provide compensation (3 x annual emolument) for death of any staff in active service from any cause and anywhere in the world.
• The Insurer shall retain 100 percent of the risk in Nigeria.
• The insurer will handle policy and claims administration.

• Be a Limited Liability Company registered in Nigeria and licensed by the National Insurance Commission (NAICOM) to transact Life Insurance.
• Have a net asset of not less than N2billion as per its last published Accounts for its Life business.
• Have acquired relevant experience in Oil and Gas insurance business.
• Have adequate and qualified staff with relevant experience in Oil and Gas Insurance business.
• Must be in good standing with NNPC and Operators as regards prompt settlement of all discharged claims.
• Must be a good corporate citizen of Nigeria that pays its taxes as and when due.

• A certified true copy of the Certificate of Incorporation obtained from Corporate Affairs Commission (CAC), Forms C02 and C07.
• A certified true copy by NAICOM of the Company’s license as an Insurer to transact Life insurance business.
• Current Department of Petroleum Resources (DPR) Permit to operate as an Oil Industry Service Company.
• A Summary and Documentary evidence demonstrating Insurer’s relevant experience in similar Oil and Gas insurance (Exploration & Production Activities) in the last 3 years (2018 to 2020), including Insured’s name and dates of cover (please attach copies of participation slips/treaties).
• Provide company profile indicating Nigerian Shareholding, Company’s financial details, and published annual Report and Accounts for the last 3 years (2018 to 2020).
• Evidence of NAICOM’s approval of Annual Returns and Accounts for previous underwriting year (2020).
• A profile of six (6) top management staff of the Company with their qualifications and working experience in Oil and Gas insurance business.
• A signed declaration by the CEO that the company is in good standing with NAPIMS and Operator(s) as regards prompt settlement of all claims discharged as at 31st July 2021.
• Company’s Tax Clearance certificates for the last three (3) years (2018 to 2020).
• Copy of Reinsurance Cover Letter and a detailed summary clearly stating the Names o Re-Insurers, types of reinsurance strategy and capacity, period of cover etc.
• Provide relevant information of two (2) contact persons: name, telephone and email address.
• Copy of 2020 VAT certificate and Evidence of remittance.
• Current (2021) National Pension Commission (PENCOM) Pension Clearance Certificate.
• Current (2021) Certificate of compliance from the Industrial Training Fund (ITF).
• Current Group Life Insurance Certificate for Employees.

• Provide a Nigerian Content Plan which shall explain the methodology of how it intends to comply with the requirements of the NOGICD Act and how to achieve the set target(s) in the Schedule of the NOGICD Act for the subject insurance services.
• Provide a contract-specific organogram showing Names and Nationalities of all key personnel, that will execute the work scope for this service. For any position to be occupied by Expatriate personnel, Insurer shall commit to obtaining expatriate quota approval from NCDMB before project execution.
• Provide a contract-specific organogram showing Names and Nationalities of all key personnel, that will execute the work scope for this service. For any position to be occupied by Expatriate personnel, Insurer shall commit to obtaining expatriate quota approval from NCDMB before project execution.
• Provide detailed description of the location of in-country committed facilities not limited to administrative office.

To be eligible for this tender exercise, interested contractors are required to be pre-qualified in the 3.14.05- Life Insurance Services category in NipeX Joint Qualification System (NJQS) database. All successfully pre-qualified Suppliers in this category will receive Invitation to Technical Tender (ITT):

• To dermine if you are pre-qualified and view the product/service category you are listed for: Open http://vendors.nipexjqs.com and access NJQS with your log in details. Click on Products/Services Status tab to view your status and product codes
• If you are not listed in a product/service category you are registered with DPR to do business, contact NipeX office at 8/10 Bayo Kuku Road, , Ikoyi, Lagos with your DPR certificate as evidence for verification and necessary u.pGate.
• To intiate the JQS pre-qualification process, access www.nipex-ng.com click on services tab followed by NJQS registration
• To be eligible, all tenders must comply with the Nigerian Content requirements in the NipeX system.

• All costs incurred in preparing and processing NJQS pre-qualification shalt be for the account of tenderer
• Full tendering procedure will be provided only to Tenderers that have been successfully prequalified in NJQS
• This advertisement of “Tender Opportunity” shall not be construed as an Invitation to Tender nor a commitment on the part of FIRST E&P to award contract to any supplier and/or associated companies having been prequalified in NJQS.
• All costs incurred in registering and prequalifying for this and other product/service categories in NJQS shall be born solely by Tenderers.
• Suppliers that are prequalified for this product/service category in NJQS must ensure that the name and contact details (Physical address, email address and telephone number) of their company and authorized/responsible personnel is up-to-date in their company profile in the NJQS database.
• FIRST E&P will communicate only With authorized officers of the qualifying companies at each stage of the Tender process, as necessary, and will NOT communicate through individuals or Agents.