The Land and Agricultural Development Bank of South Africa (Land Bank) is seeking a service provider to offer reinsurance brokerage services for a period of 5 years. This includes services for both life and non-life insurance products, with a focus on crop insurance, index insurance, livestock insurance, agriasset insurance, and credit life insurance. Bidders are required to submit their intention to tender via email. The tender process involves mandatory requirements, technical functionality evaluation, and price and specific goals evaluation. Key submission requirements include proof of a valid Financial Services Provider (FSP) license, professional indemnity cover, audited financial statements, and a completed pricing schedule. The closing date for the tender is April 9, 2026. Bidders must also comply with tax regulations and be registered on the Central Supplier Database (CSD). The evaluation will consider price and specific goals, utilizing an 80/20 preference point system. A non-compulsory briefing session will be held on March 24, 2026.
The bid closing date is April 09, 2026, at 11:00 AM. Proposals must be deposited or couriered to the tender box at the Land Bank Head Office by this time.
The bid document does not explicitly state the payment terms. However, Annexure A includes a section for Payment Terms which the bidder is expected to complete.
The award criterion is based on a combination of price and specific goals, utilizing an 80/20 preference point system. Bidders must also meet mandatory requirements and achieve a minimum of 70 points on functionality evaluation.
To qualify, bidders must meet mandatory requirements including a valid Financial Services Provider (FSP) license, professional indemnity cover of at least R10,000,000, three years of audited financial statements, and a completed pricing schedule. They must also provide CIPC documents and company structure details.
The bid document mentions that failure to comply with certain particulars may render the bid invalid. It also outlines consequences for fraudulent claims of preference points, including disqualification, recovery of costs, contract cancellation, and restriction from doing business with the public sector.
A non-compulsory briefing session will be held on March 24, 2026, at 12:00 PM via Teams.
The tender does not require sample submissions.
The bid document mentions objections and risk on page 19, but does not specify a deadline for submitting challenges or objections.