PAKISTAN STEEL

ENGINEERING CONTRACTS DEPARTMENT

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

 

NO.CON/C/G.L.I / Workers/2111/2019 Dated:-05.12.2019

Contact person:-

Head of Section Concerned ENGR. RAMESH KUMAR

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

 

CONTRACT NO. (19-C-2111)

 

 

BIDS EVALUATION REPORT

 

SUBJECT:- GROUP LIFE INSURANCE COVERAGE FOR THE EMPLOYEES OF PAKISTAN STEEL FOR EACH CATEGORY SUCH AS REGULAR WORKERS, DAILY WAGES / CONTRACT WORKERS AND LOANEE EMPLOYEES FOR THE PERIOD 2019-2020.

 

A meeting of technical evaluation committee was held on 10.06.2019 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 15.05.2019 are as under

 

Date of original advertisement on website _29.04.2019_

Nos. of bids received 03 (Three)__

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

Nos. of bids disqualified _Nil_______

Commercial offers opened on 20.08.2019

 

Commercial status:-

 

S.#

NAME OF INSURANCE CO.

Offered Premium rate per thousand per annum in percentage

Regular Workers Rate

Amount Rs.

Daily wages worker /Contract Rate.

Amount Rs.

Loanee Employees Rate

Amount Rs.

01

M/s. Sate Life Insurance

6.69

14,366,106

1.94

118728

2.25

8987

02

M/s. Postal Life Insurance

7.21

15482754

2.80

171360

7.7

30760

03

M/s. EFU Life Assurance Ltd.

7.324

16008382

Nil

Nil

Nil

Nil

 

 

In the above result of bidding M/s. Sate Life Insurance 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)

ADCE / Incharge (ECD)

Incharge (ISMD)