Comprehensive Insurance Coverage of Outstanding Balance of Staff Advances for Year 2026-27

Bank of Azad Jammu and Kashmir invites sealed quotations from income tax and sales tax registered firms, bidders, and companies having at least rating 'A' for Comprehensive Insurance Coverage of Outstanding Balance of Staff Advances for the Year 2026-27. This procurement is in accordance with AJK Public Procurement Rules 2017 on Single Stage – One Envelope Bidding Process as per AJK PPRA Rule 36(a). Items being procured: - Comprehensive Insurance Coverage of Outstanding Balance of Staff Advances for the Year 2026-27 The scope involves providing insurance coverage for the outstanding staff advances balance for the financial year 2026-27. Interested bidders must be registered with income tax and sales tax authorities and have a minimum rating of 'A'. The procurement follows a single stage one envelope bidding process. The pre-bid meeting is scheduled for 01 October 2026 at 12:00 PM at the committee room of Bank of Azad Jammu Kashmir Head Office Muzaffarabad. Eligibility criteria include NTN registration (Income Tax and GST), relevant tax certificates, and inclusion on the Active Taxpayer List of FBR/CBR. Blacklisted firms or bidders are prohibited from participation. A bid security of Rs. 100,000 must be submitted with the bid in the form of CDR/DD/PO or Banker Cheque in favor of Bank of AJK. Financial bids must include all taxes levied in AJK. The request for proposal can be obtained from the Bank of AJK upon payment of Rs. 2000 (non-refundable) via Pay Order, Demand Draft, or Banker Cheque. The last date for submission of technical and financial proposals is 07 October 2026 by 02:00 PM, with technical bids opening at 02:30 PM the same day. Bids should be valid for a minimum period of 120 days. The address for submission and opening of tender documents is the Credit Administration Division, Bank of Azad Jammu and Kashmir, Sardar Nazir Plaza, Gojra Bypass Road, Muzaffarabad. A practical tip for bidders: Ensure your bid security is properly prepared and submitted with the bid to avoid outright rejection. Also, attend the pre-bid meeting to clarify any queries and improve your proposal quality.