Blanket Insurance of Banks Assets for the Year 2026-27

Bank of Azad Jammu and Kashmir invites sealed quotations from income tax/ Sales Tax registered firms/Bidders/Companies having at least rating 'A' for Blanket Insurance of Banks Assets for the Year 2026-27, in accordance with AJK Public Procurement Rules 2017 on Single Stage – Two Envelope Bidding Process AJK PPRA RULE 36(b). Items being procured: - Blanket Insurance of Banks Assets for the Year 2026-27 The procurement involves securing insurance coverage for all bank assets for the financial year 2026-27. The process follows the Single Stage Two Envelope bidding method where technical and financial bids are submitted separately but simultaneously. The technical bid must be clearly marked as 'TECHNICAL PROPOSAL' and the financial bid as 'FINANCIAL PROPOSAL'. Interested bidders must obtain the Request for Proposal (RFP) from the Bank of AJK office upon payment of Rs. 2000/- (non-refundable) via Pay Order/Demand Draft/Bankers Cheque. The RFP can be collected during working hours from 9 am to 5 pm until 06-10-2026. Technical and financial proposals must be submitted by 07-10-2026 at 03:00 PM, with technical bids opening at 03:30 PM the same day. A pre-bid meeting is scheduled for 01 October 2026 at 11:00 AM at the Bank of Azad Jammu Kashmir Head Office Muzaffarabad. Eligibility criteria include valid NTN (Income Tax and GST), relevant tax certificates, and registration on the Active Taxpayer List of FBR/CBR. Firms must have an 'A' rating and provide a bid security of Rs 300,000/- in the form of CDR/DD/PO or Banker Cheque. Blacklisted firms or those in conflict with the government are prohibited. Financial bids of bidders failing technical evaluation will be returned unopened. The evaluation will be based on quality and cost, with bids valid for a minimum of 120 days. The address for submission and opening of tender documents is Divisional Head, Credit Administration Division, Bank of Azad Jammu and Kashmir, Sardar Nazir Plaza, Gojra Bypass Road Muzaffarabad. Contact phone: 05822-923004-5. A practical tip for bidders: Ensure your technical proposal is comprehensive and clearly marked to avoid disqualification. Also, submit the bid security as required to prevent rejection of your tender.