Hiring of Group Life Insurance Services for PEF FY 2026-27

Punjab Education Foundation (PEF) invites sealed bids on a contract basis for the hiring of Group Life Insurance Services for the fiscal year 2026-27. This procurement is aimed at securing comprehensive group life insurance coverage for PEF employees, ensuring financial protection and benefits under the specified policy terms. Items being procured: - Hiring of Group Life Insurance Services for PEF FY 2026-27 The bidding process follows the Punjab e-Procurement (eP) System under PPR-14 Rule 38 (2) (a) using a Single Stage - Two Envelope Bidding Procedure. Bidders must be firms, companies, sole proprietors, or general order suppliers registered with relevant tax and registration authorities including Income Tax, Sales Tax, and Punjab Sales Tax. The bid security is set at 2% of the estimated price, amounting to Rs. 124,000/-. Bidders can obtain the bidding documents immediately from the Punjab e-Procurement System, PPRA, and PEF websites. The documents contain detailed eligibility criteria, bid scope, and terms and conditions. PEF reserves the right to reject any proposal prior to acceptance. Online bid submission is required through the Punjab e-Procurement System by 11:00 A.M. on December 01, 2026. Bid securities must be submitted as per the estimated procurement price. Late submissions will not be accepted. Bids will be opened at 11:30 A.M. on the same day at the office of Punjab Education Foundation located at 302-H/3, Johar Town, Lahore. The bid validity period is 120 days from the last submission date. Taxes will be deducted as per government rules, and NTN and Sales Tax registration certificates must be provided. Punjab Procurement Rules 2014 apply throughout the process. The bidding document is downloadable free of charge from the PPRA website at https://ppra.punjab.gov.pk. The PPRA e-procurement portal http://eproc/punjab.gov.pk/viewtender.aspx will be used for response time calculations. A practical tip for bidders: Ensure your firm is fully registered on the Punjab e-Procurement System and that all bid security documents are scanned and uploaded correctly to avoid disqualification.