REQUEST FOR PROPOSALS: PROVISION OF INSURANCE SERVICES FOR BEDCO BUILDINGS AND OTHER MOVABLE ASSETS

Two Year contract – 1st October 2025 to 31^st September 2027

Basotho Enterprises Development Corporation (BEDCO) invites Request for Proposals (RFPs) from locally, eligible, and reputable insurance companies for providing insurance services for BEDCO’s buildings and other movable assets throughout the country.

Sealed proposals marked “Provision of insurance services for BEDCO’s buildings and other movable assets” must be submitted on or before 22^nd August 2025, at 14:00hrs, at Sebaboleng, Maseru in a tender box located at the reception area. Opening of the tenders will be on the same date at 14:15 hrs at BEDCO Conference Hall, Sebaboleng, Maseru.

Detailed RFP document is available for M1000.00 payable at BEDCO Accounts office or by EFT: Bank Name: First National Bank, Account Name: The Basotho Enterprise Development Corporation, Account Number: 62483985803, Account Type: Commercial Cheque Account, Branch Name: Pioneer, Branch Code: 280061, Swift Code: FIRNLSMX.  Proof of payment should be emailed to insuranceservices@bedco.org.ls  in order to receive the TOR document during working hours (8: 00 am to 5: 00 pm) Monday to Friday.

SEALING AND MARKING OF TENDERS

The proposals should consist of two (2) parts, technical and financial. The technical and financial proposals should be in two separate sealed envelopes, indicating the name of the bidder and address of the bidder to enable the tender to be returned unopened in case it is declared nonresponsive, then sealed in one outer envelope bearing no identification of the bidder, and cleared marked: “Provision of insurance services for BEDCO’s buildings and other movable assets”.

Submission must be in five (5) copies, one of which must be the original and clearly marked as above.    

Disclaimer: BEDCO reserves the right to cancel the bids before the submission or opening of bids, postpone the bids before submission/opening dates and to accept or reject any or all bids. BEDCO is not bound to accept the lowest or any bid.