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, or 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 under Single Stage - One Envelope Bidding Process as per AJK PPRA Rule 35(a). Items being procured: - Comprehensive Insurance Coverage of Outstanding Balance of Staff Advances for the Year 2026-27 The scope includes providing insurance coverage for the outstanding staff advances balance for the specified financial year. Interested bidders must obtain the Request for Proposal (RFP) from the Bank of Azad Jammu and Kashmir Head Office Muzaffarabad upon payment of Rs. 20,000 (non-refundable) via Pay Order, Demand Draft, or Bankers Cheque in favor of 'Bank of AJK' up to 05-10-2026 during working hours (9 am to 5 pm). Eligibility criteria require firms to be registered with NTN (Income Tax and GST), be on the Active Taxpayer List of FBR/CBR, and have a minimum rating of 'A'. Blacklisted firms or bidders are prohibited from participation and must submit an affidavit confirming they are not blacklisted or in conflict with any government entity within AJK or Pakistan. A bid security of 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. Financial bids should include all applicable taxes levied in AJK. Key dates include a pre-bid meeting on 01-10-2026 at 12:00 PM at the committee room of Bank of Azad Jammu Kashmir Head Office Muzaffarabad. Technical and financial proposals must be submitted by 07-10-2026 till 02:00 PM. Technical bids will be opened the same day at 02:30 PM. Late or conditional bids will not be entertained. The evaluation report and award of contract will be displayed on the AJK PPRA website. Bidders are advised to ensure all documents are complete and submitted timely to avoid disqualification. The proposals should remain valid for a minimum period of 120 days. A practical tip for bidders is to attend the pre-bid meeting to clarify any queries and ensure full understanding of the requirements, which can improve the quality and compliance of the bid submission.