Tender for Insurance Cover at AUMS Geofields
Read here information about a Tender for Insurance Cover at AUMS Geofields
AUMS Geofields (T) Limited invites eligible, qualified, and experienced Tanzanian companies to express their interest in provision of operational insurance cover for 2025/2026 to AUMS Geofields (T) Limited operations at Geita Gold Mine in Tanzania. The contract (FPA) is to be awarded through a competitive tender process.
2. Submission Requirements
If your company wishes to be considered for pre-qualification, please submit an Expression of Interest (EOI) by email to ContractsTanzania@aumsgh.com
by not later than 16:00 HRS Local Time on 24th April 2025, quoting “EOI
FOR PROVISION OF OPERATIONAL INSURANCE COVER FOR 2025/2026” in the
subject line of your email. Any response received beyond 16:00 HRS Local
Time on 24th April 2025 shall not be considered.
Please submit an EOI on your company letterhead with the following mandatory information:
- Company Profile, Shareholders IDs, directors list, organogram, number of employees with a foreign to national ratio indicated.
- Valid tax Compliance, VAT registration & TIN certificates.
- Certificate of Incorporation, Valid Business Permit/Licenses.
- Key Employees CV & Certificates.
- Summary of Court proceedings (pending and completed), court judgments and/or insolvency/bankruptcy proceedings if any, against your company and or any of your shareholders, directors and/or senior leadership/management team over the last 3 years.
- Occupational, Health, Safety and Environmental Requirements.
- Compliance to Tanzania’s Mining Local Content Requirements as per the Mining Local Content Regulations 2018.
3. Eligibility Criteria
- Bidder should have non-life general Insurer (excluding health) accreditation within Tanzania for the last ten consecutive years, which is valid as of the bid submission date.
- Bidder must have placed at least three Comprehensive Assets All Risk Package Policy of a minimum sum insured of TZS 50 bil. for any single location in Tanzania executed as Insurer in Oil/Energy/Mining Sector in any of the last three financial years (i.e., FY 2022, FY 2023, FY 2024).
- The net worth of the Bidder for the last three financial years (i.e., FY 2022, FY 2023 & FY 2024) – Average for three years Minimum Tsh. 50 bln. (Net worth appearing in the annual accounts of the Bidder shall be considered).
- The minimum solvency ratio (avg. of all quarters of the last three financial years i.e., FY 2022, FY 2023 & FY 2024 of the Bidder should be at least 1.5. (Solvency ratio as declared to TIRA shall be considered).
- The bidder should have underwriting profit in the last three financial years i.e., FY 2022, FY 2023 & FY 2024. (Underwriting Profit appearing in the annual accounts of the Bidder shall be considered).
4. Assessment Criteria
The mandatory information requested in paragraph 2 will be evaluated and
scored to shortlist pre-qualified companies. The pre-qualification of
any company submitting an EOI shall be at the sole discretion of AUMS
Geofields (T) Limited.
5. Cost Responsibility
The bidder shall bear all costs associated with the preparation and
submission of the companies EOI. AUMS (T) Ltd shall not be responsible
or liable for any costs incurred regardless of the conduct or outcome of
the bidding process.
6. Additional Information
For more information on African Underground Mining Services and its
operations, please refer to the following website: www.aumsgh.com.
AN AUMS & GEOFIELDS JV
AUMS IS PART OF PERENTI LIMITED
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