Third Party Evaluation of Federal Employees Benevolent and Group Insurance Funds

The Establishment Division Federal Employees Benevolent Fund and Group Insurance (FEB & GIF) in Islamabad is inviting Expressions of Interest from professional consultancy firms for a comprehensive Third Party Evaluation of its Federal Employees Benevolent and Group Insurance Funds. This evaluation aims to assess financial performance, investment management, resource utilization, human resource capacity, operational performance, benefits adequacy, governance, compliance, risk management, and overall impact of the funds. The scope requires firms with at least 15 years of relevant experience, registered with SECP, and active on the Federal Board of Revenue's Active Taxpayer List. The consultancy must demonstrate expertise in third party evaluations, financial audits, and performance reviews of public or private sector insurance, pension, or welfare funds. Qualified professionals in HR, finance, insurance, audit, IT, actuarial studies, and public administration are essential. Firms must provide documentary evidence including incorporation certificates, non-blacklisting declarations, organizational charts, financial statements, and past similar assignments. The submission deadline is strictly by 4th June 2026 at 11:30 AM, with proposals to be submitted via the EPADS/PPRA online portal. Late submissions will not be entertained. The technical and financial bids will be evaluated under the Quality & Cost Based Selection method as per PPRA rules. The evaluation process includes a prequalification stage based on the EoI, followed by issuance of detailed RFP documents to shortlisted firms. Bidders are advised to carefully prepare their technical bids, ensuring all mandatory documents and information are complete to avoid disqualification. A practical tip is to thoroughly review the detailed Terms of Reference available on the EPADS portal and ensure compliance with all tax and registration requirements before submission. This tender offers a significant opportunity for consultancy firms specializing in public sector fund evaluations to engage with a prestigious federal institution and contribute to enhancing the governance and efficiency of welfare funds.