Short-Term Insurance Brokerage Services NEW

The National Credit Regulator (NCR), a statutory body established under the National Credit Act 34 of 2005, is seeking to appoint a service provider to manage its short-term insurance brokerage requirements for a period of five years. The appointed broker will act on the NCR's behalf to advise on, arrange and administer its short-term insurance cover. The detailed scope of services, deliverables and the minimum functionality threshold are set out in the Terms of Reference (Annexure A), which is referenced in the draft Service Level Agreement but was not included in the documents reviewed. Bidders should consult the full Terms of Reference before preparing a submission.

The tender is evaluated under the 80/20 preference point system, with 80 points allocated to price and 20 points to B-BBEE status level of contribution. Functionality is scored out of 100 points, and only bidders meeting the minimum threshold proceed to price and B-BBEE evaluation. Mandatory compliance documents include the standard bidding forms (SBD 1, SBD 3.3, SBD 4, SBD 6.1 and SBD 7.2), a valid tax clearance certificate, a declaration of interest, a certificate of independent bid determination, and a non-disclosure agreement (Annexure H). Bids must be submitted as two hard copies and one soft copy in a sealed envelope, deposited in the NCR bid box at 127 15th Road, Randjespark, Midrand by 11:00 on the closing date. Bids sent by email or fax will not be considered. Bidders must also comply with the General Conditions of Contract (Annexure B) and the Preferential Procurement Policy Framework Act.

The draft Service Level Agreement sets out key commercial terms. Payment is due within 30 days of a correct invoice, and the NCR may withhold up to 10% of fees pending satisfactory completion of deliverables. Late performance attracts a penalty of 1% of fees per day of delay. Supplier liability for indirect loss is excluded, and aggregate liability is capped at the total contract price. The agreement also includes conflict of interest, confidentiality, intellectual property, and exit-plan obligations. The SLA is marked as a draft and contains some placeholder fields, including the fee schedule and contract duration, which are to be finalised before award. Successful bidders gain a five-year public sector contract with a regulatory body, providing stable, long-term revenue and a valuable reference for future public sector work.