Procurement of Actuarial Services for Valuation of EOBI Assets and Liabilities as on 30-06-2026

The Employees' Old-Age Benefits Institution (EOBI) Karachi invites qualified actuarial firms to submit bids for the procurement of actuarial services for the comprehensive valuation of EOBI's assets and liabilities as of 30-06-2026. This procurement is conducted under the Single Stage-Two Envelope procedure through the e-Pak Acquisition and Disposal System (EPADS) with Quality and Cost Based Selection (QCBS) technique. Items being procured: - Actuarial services for valuation of EOBI assets and liabilities as on 30-06-2026 (1 job) The scope includes reviewing statutory frameworks, assessing demographic and financial data, determining actuarial assumptions, calculating actuarial values of liabilities and assets, preparing long-term projections, conducting sensitivity analyses, identifying risks, and providing recommendations for financial sustainability. The selected firm will deliver a comprehensive actuarial valuation report with supporting schedules and remain available for clarifications during EOBI's review and audit process. Eligible bidders must be legally established actuarial firms registered with the Pakistan Society of Actuaries or an equivalent body, have completed at least three similar actuarial valuation assignments, hold valid tax registrations, and not be blacklisted. Bid security in the form of Pay Order or Demand Draft is required. Bids must be submitted online via EPADS v2.0 by **October 9, 2026, 11:00 AM**. Technical bids will be opened the same day at 11:30 AM. Manual submissions are not accepted. The contract will be awarded based on combined technical (70%) and financial (30%) evaluation. The performance guarantee is 10% of the contract price. Bidders are advised to carefully review all bidding documents and ensure compliance with eligibility and submission requirements. One practical tip: Register early on EPADS v2.0 and ensure all required documents, including bid security, are submitted timely to avoid disqualification. This opportunity is specific to Karachi, Sindh, under the jurisdiction of the Employees' Old-Age Benefits Institution (EOBI). For queries, contact the Director at +92-335-582-4824 or email director.gad@eobi.gov.pk. Visit https://epads.gov.pk/opportunities/federal/procurements/124606 for detailed documents and submission.