Prequalification for Procurement of Non-Consultancy Services for Securities Brokers Framework Agreement

The National Insurance Company Limited (NICL) invites prequalification applications for an Open Framework Agreement concerning the procurement of non-consultancy services specifically for Securities Brokers. This framework agreement, referenced as NICL/Proc/Framework/2026/1, aims to establish a pool of prequalified suppliers who will be eligible to participate in subsequent Invitation to Bid(s) and call-off contracts during the agreement period. Items being procured: - Prequalification of Securities Brokers services under the Open Framework Agreement The scope involves the on-demand supply of securities brokerage services through subsequent call-off contracts. The agreement will be signed with successful bidders following the bidding process. This procurement is managed by the National Insurance Company Limited, located at NICL Building, Main Korangi Road, Karachi. Eligibility criteria require applicants to be national entities fulfilling the conditions specified in the prequalification documents. Interested parties must be registered on EPADS v2.0 and comply with all instructions in the prequalification documents. The process demands electronic submission of applications via EPADS v2.0 by Monday, September 28, 2026, at 11:30 AM. Applications will be opened electronically on Wednesday, September 9, 2026, at 09:25 AM. Manual submissions will not be accepted. Applicants are advised to complete their registration on EPADS v2.0 at https://vendors.epads.gov.pk/ if not already registered. Further information and prequalification documents are accessible at https://epads.gov.pk/opportunities/federal/procurements/9571. The Grievance Redressal Committee (GRC) has been notified as per Rule 48 of Public Procurement Rules, 2004. The notification is available on the procuring agency's and PPRA's websites. Bidders should ensure timely registration and submission on EPADS to avoid disqualification. Electronic submission is mandatory, and late or manual bids will not be entertained. This is a valuable opportunity for securities brokers to engage with a major national insurer under a structured framework agreement.