PAKISTAN STEEL

ENGINEERING CONTRACTS DEPARTMENT

Tele No. 021 34750271-2 / Fax No. 99264221 34750156

 

No.CON/C/GLI/M&E/2095/2019/ Dated:-30.01.2019

Contact person:-

Head of Section Concerned ENGR. RAMESH KUMAR

021-99264133, 989264222, 34750271-72 Ext._(4632)

 

CONTRACT NO. ( 18-C-2095)

 

 

BIDS EVALUATION REPORT

 

SUBJECT:- PREMIUM OF GROUP LIFE INSURANCE COVERAGE FOR MANAGEMENT & EXECUTIVE OFFICERS OF PAKISTAN STEEL FOR THE PERIOD OF ONE YEAR 2018-2019.

 

A meeting of technical evaluation committee was held on 01.11.2018 to evaluate the bid in the light of bid criteria as per tender documents and the evaluation committee given their recommendation / results on the tender opened on 17.10.2018 are as under :-

 

Date of original advertisement on website _26.09.2018_

Nos. of bids received _03 (Three)__

Nos. of bids cleared by evaluation committee _03 (Three)_

Nos. of bids disqualified _Nil_______

Commercial offers opened on 28.11.2018

 

Commercial status:-

 

S.#

NAME OF INSURANCE CO.

Offered Premium rate per thousand per annum in percentage

Offered rate

Total offered amount

Position

01

M/s. EFU Life Assurance Ltd.

6.40

Rs.6,783,360/-

1st

02

M/s. Postal Life Insurance

6.85

Rs.7,598,020/-

2nd

03

M/s. Sate Life Insurance

10.61

Rs.11,768,612/-

3rd

 

 

 

In the above result of bidding M/s. EFU Life Assurance Ltd stood 1st lowest.

 

 

(ENGR. RAMESH KUMAR)

XEN (Civil) ECD

 

INCHARGE (E.C.D) The same may be posted on websites of Pakistan Steel.

 

 

 

(Engr.Madan Lal)

SE / Incharge (ECD)

Incharge (ISMD)