Provision of Short-Term Insurance Services for 36 Months
Magareng Local Municipality requires a qualified short-term insurance broker or service provider to manage and cover municipal insurance policies, assets, and liabilities over a 3-year contract period.
- Closing
- 15 Dec 2026 · 12:003 years contract
- Location
- Warrenton, Northern Cape
- Published
- 15 Nov 2026
How it's scored
Functionality: 70 out of 100. Specific goal points are allocated for ownership (51%+ Black Owned gets 10 points, 30%+ Women Owned gets 5 points) and local presence within 250 km (5 points).
Ideal bidder
The ideal bidder is a FSCA-accredited financial services provider or registered short-term insurance broker with extensive experience handling municipal or public sector insurance portfolios. They must possess qualified insurance key personnel, valid Professional Indemnity and Fidelity Guarantee cover, and be locally based or operating within 250 km of Magareng Municipality.
Sign up and see plans →Do you qualify? 6 requirements found
-
CSD registration Central Supplier Database report not older than 3 monthsMandatory
-
Municipal rates clearance Municipal account not older than 3 months and not in arrears > 90 days (or > 30 days if bid exceeds R10M)Mandatory
-
CIPC company registration Valid company registration documents / CIPC certificatesMandatory
-
Insurance industry experience Demonstrated past experience in short-term insurance provision (Scored up to 40 points)Scoring
- Locked
- Locked
Documents you must submit
Forms to fill in
- MBD 1 Invitation to Bid
- MBD 2 Tax Clearance Certificate Requirements
- MBD 3.3 Pricing Schedule Professional Services
- MBD 4 Declaration of Interest
- MBD 6.1 Preference Points Claim Form
- MBD 7.2 Contract Form - Rendering of Services
- Sign up to unlock
- Sign up to unlock
13 more returnables listed in the full checklist. Unlock
Evaluation criteria
Minimum 70 out of 100 points for functionality evaluation (Experience in Insurance Industry - 40 points, Key Personnel - 40 points, Professional Indemnity & Fidelity Guarantee - 20 points). Evaluated under the 80/20 preference point system (Price: 80, Specific Goals: 20, comprising 51%+ Black Owned: 10, 30%+ Women Owned: 5, Locality within 250km: 5).
Tender documents · 1 file
Also available: submission address & procurement contact-
Corp01202627 tender documentTender document · PDFSign up to download
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