Tender for the provision of short-term insurance management services for Gamagara Local Municipality for five years. A compulsory briefing session will be held on 18 August 2026 at 10:00. Bids close on 15 September 2026 at 10:00. Evaluation will be based on functionality (minimum 70 points required) and then price and BBBEE points (80/20 system). Bidders must be registered on CSD and provide proof of compliance with the Financial Advisory and Intermediary Services Act, including an FSCA certificate. Professional indemnity insurance of at least R10,000,000 is required. Bidders must obtain and submit three written quotations for each policy type.
Fully completed tender documents must be deposited in the tender box at Gamagara Local Municipality's main building by not later than 10:00, 15 September 2026.
Payments shall be made by the purchaser no later than thirty 30 days after submission of an invoice, statement or claim by the supplier.
The supplier warrants that the goods supplied under the contract are new, unused, of the most recent or current models, and that they incorporate all recent improvements in design and materials. This warranty shall remain valid for twelve 12 months after the goods have been delivered to and accepted at the destination.
Bids will be evaluated on an 80/20 preference points system. Responsive bids will be evaluated based on functionality and then price and BBBEE points.
Bidders must be registered on CSD. Bidders must be registered with the Financial Sector Conduct Authority (FSCA), the Institute of Risk Management (IRMSA), and the Financial Intermediaries Association (FIA). Bidders must have professional indemnity insurance with a minimum limit of R10,000,000.
If the supplier fails to deliver any or all of the goods or to perform the services within the periods specified in the contract, the purchaser shall, without prejudice to its other remedies under the contract, deduct from the contract price, as a penalty, a sum calculated on the delivered price of the delayed goods or unperformed services.
A compulsory briefing session will be held on 18 August 2026 at 10:00 at the main office in Kathu in the municipal boardroom.
Misrepresentation of address of the business with the aim of earning points may lead to disqualification. Failure to submit documentary proof for certain requirements will be considered as submitting a nonresponsive bid.