The Central Bank of the Republic of Azerbaijan is conducting e-procurement through open tender for the purchase of combined insurance services consisting of insurance of fixed assets and vehicles in accordance with the Law of the Republic of Azerbaijan “On Public Procurement”.

 

1. The tender will be held at 15.00, on 13 December 2023 over the single e-portal for public procurement (https://etender.gov.az/) (hereinafter – Portal).

 

2. Only insurance companies that have received a license to conduct insurance activities in accordance with the legislation of the Republic of Azerbaijan, have obtained an official license for the relevant types of insurance and included in the Register of Participating Insurers of the Bureau of Compulsory Insurance for the relevant types of compulsory insurance may participate in the tender. 

 

3. The aggregate capital of the bidder as of the end of the reporting period must not be less than the amount of the required capital calculated in accordance with the legislation.

 

4. When reinsurance is carried out by a foreign reinsurance company, the foreign reinsurance company must be a reinsurance company entered in the relevant register of the Central Bank (even if reinsurance is carried out through a foreign insurance broker).

 

5. Bidders should submit the following documents to be eligible:

 

- application for participation;

 

- notarized copies of legal documents reflecting the legal status of the bidder (charter, state registration certificate or extract from the state register of legal entities), bank details;

 

- copy of the special permit (license) authorizing the bidder to conduct insurance activities in the Republic of Azerbaijan and a copy of the consent to insure property against fire and other risks, as well as to provide voluntary and compulsory motor vehicle liability insurance;

 

- information confirming acceptance of risk by reinsurers with a rating specified in the main bidding documents;

 

- document confirming authorities of persons empowered to sign the bid and procurement agreement;

 

- bank certificate of payment of the participation fee;

 

- two copies (original and copy) of the bid in Azerbaijani (to be valid until 13 December 2023);

 

- bank guarantee in the amount of 1 (one) percent of the bid (in the form of bank guarantee attached to the main bidding documents);

 

- bank statement on financial standing over the past one (1) year;  

 

- reference from the relevant public authority on absence of any overdue obligations and other compulsory payments in the Republic of Azerbaijan, as well as failure to comply with the Tax Code of the Republic of Azerbaijan for the last 1 (one) year (excluding the suspension period);

 

- information that the bidder has at least 3 (three) years of experience in the field of fixed assets and vehicles insurance activity;

 

- statement from the relevant state authority that the bidders themselves, their managers and employees have not been tried for a criminal offense related to their professional activities or for providing false information about their qualifications to conclude a procurement contract or they have not been barred from engaging in relevant professional activities in court in the 5 years preceding the start of the procurement procedure. 

 

- statement from the relevant state authority that the bidders have not been declared bankrupt, their property has not been seized, there was no pledge of payment, and their commercial activities have not been suspended by a court decision.

 

6. The bidder shall submit the tender proposal and the bank guarantee in a sealed, signed, written form, in a double envelope by 18:00 on 12 December 2023, and other required documents -  in a sealed, signed, written form, in a closed envelope by 18:00 on 4 December 2023 at the latest, to the coordinator of the Tender Committee in the administrative building of the Central Bank located at 90, R. Behbudov Street, Baku. Envelopes and documents submitted after the deadline will be returned unopened and the bidder will not be admitted to the tender.

 

7. Participation fee is 200 (two hundred) manat. The tender participation fee should be transferred to the following account of the Central Bank of the Republic of Azerbaijan:

 

Central Bank of the Republic of Azerbaijan

 

code 501004, TIN 9900071001

 

Account: AZ25NABZ01701190000000001944

 

C/a AZ74NABZ01451700000000001944

 

S.W.I.F.T.BİK NABZAZ2C

 

 

8. Commencement date of the insurance service: from 1 January 2024. The provision of services for compulsory civil liability insurance of motor vehicle owners will begin on 25 January 2024.

 

9. Term of delivery: 1 (one) year.

 

10. Evaluation criteria: price, insurance conditions and deductibles for the proposed benefit package.

 

11. Insurers wishing to participate in the tender may obtain main bidding documents in the Azerbaijani language from the contact persons of the Procurement Committee in the administrative building of the Central Bank, located at 90, R. Behbudov Street, Baku, by submitting a bank statement on payment of participation fee.

 

Contact persons: 

 

Elvin Shirdanov (Legal Department), phone: 493-11-22 (428).

 

Shahriyar Imanov (Administrative and Procurement Department), phone: 493-11-22 (214).