Tender Details
Description / Scope of Work
Bank of Azad Jammu and Kashmir, Head Office in Muzaffarabad, invites sealed quotations from income tax and sales tax registered firms, bidders and companies holding at least rating 'A' for comprehensive insurance coverage of outstanding balance of staff finances for the financial year 2026-27. This tender is issued in accordance with AJK Public Procurement Rules 2017 and will be executed through a Single Stage One Envelope Bidding Process. The scope covers insurance protection for staff financial liabilities, representing a medium-scale service contract essential for the bank's risk management framework in Azad Jammu and Kashmir.
Eligible bidders must possess valid NTN (Income Tax and GST) registration, relevant tax certificates, and maintain active status on the Federal Board of Revenue or Customs Board's Active Taxpayer List. Blacklisted firms or those in conflict with any government entity across AJK or Pakistan are prohibited from participation. All bidders must furnish an affidavit or certificate confirming they are neither blacklisted nor subject to such conflicts. Bid security amounting to Rs 100,000 must be submitted with the bid in the form of CDR, Demand Draft, Pay Order or Banker Cheque made payable to Bank of AJK; tenders without bid security will be rejected outright.
Request for Proposal documents can be obtained from the Divisional Head, Credit Administration Division, Head Office at Sardar Nazir Plaza, Gojra Bypass Road, Muzaffarabad, upon non-refundable payment of Rs 2000 via Pay Order, Demand Draft or Bankers Cheque until 09-09-2026 during working hours 9 am to 5 pm. Technical and Financial proposals must be submitted by 10-09-2026 until 03:00 PM; bids will be opened the same day at 03:30 PM. A pre-bid meeting is scheduled for 03rd September 2026 at 11:00 AM at the committee room. All financial bids must include all taxes levied in AJK, and proposals must remain valid for a minimum of 120 days. Contact: Ph: 05822-923004-5.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender — not part of the official notice. Always confirm details against the original tender document.
Bank of AJK seeks insurance underwriting capacity for staff finance cover in 2026-27; minimum A-rating required, indicating a reputable contractor pool.
The Rs 100,000 bid security and single-envelope process suggest formal risk management contracting. Firms must hold active FBR/CBR taxpayer status. Timeline is tight (pre-bid early September, submission mid-September 2026). One-off annual contract typical for institutional insurance renewals.
Who can bid: Bidders must be income tax and sales tax registered with valid NTN, hold minimum rating 'A', and appear on FBR/CBR Active Taxpayer List. Non-blacklisted status and affidavit required. Typically insurance firms must hold valid insurance license and relevant regulatory approvals from State Bank or insurance authority.