Comprehensive Insurance Coverage of Outstanding Balance of Staff Advances for FY 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 Comprehensive Insurance Coverage of Outstanding Balance of Staff Advances for the Year 2026-27 in accordance with AJK Public Procurement Rules 2017 on Single Stage – One Envelope (Single Stage One Envelope) basis. Items being procured: - Comprehensive Insurance Coverage of Outstanding Balance of Staff Advances for FY 2026-27 The Request for Proposal (RFP) can be obtained upon payment of Rs. 2000/- (non-refundable) in the shape of Pay order/Demand Draft/Bankers Cheque in favor of Bank of AJK up till 06-10-2026 during working hours 9 am to 5 pm. Interested bidders are requested to submit their Technical and Financial proposals by 07-10-2026 till 02:00 PM. The Technical Bids will be opened on the same day at 02:30 PM. A Single Stage – One Envelope Bidding Process will be adopted for evaluation of bids. A pre-bid meeting will be held on 01 October 2026 at 12:00 PM at the committee room of Bank of Azad Jammu Kashmir Head Office Muzaffarabad. Bid security amounting to Rs. 100,000/- must be submitted with the bid in the form of CDR/DD/PO or Banker Cheque in the name of Bank of AJK. No tender will be accepted without Bid Security and such tenders will be rejected outrightly. Financial bids shall include all the taxes levied in AJK. Interested firms should have valid NTN (Income Tax and GST), relevant tax certificates and should be on Active Taxpayer List of FBR/CBR. Blacklisted firms/Bidders are prohibited from participation. All bidders shall furnish an affidavit/certificate that they are neither blacklisted nor in conflict with Government anywhere in territory of the State of AJK or Islamic Republic of Pakistan. The Committee reserves the right to accept or reject any or all the bids as per AJK PPRA Rules. This advertisement is uploaded on both websites of AJK PPRA www.ajkppra.gov.pk and BAIK www.bankajk.com. Evaluation report/award contract shall also be displayed at AJK PPRA Website. The proposals/bids should be valid for a minimum period of 120 days. Address for submission/venue of opening of Tender Documents are: 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 in the correct form and amount as specified, and submit your technical and financial proposals in a single sealed envelope to avoid disqualification under the Single Stage – One Envelope procedure.