Ethiopian Insurance Corporation invites all eligible General & water well drilling Contractors.

INVITATION FOR BID (IFB)

Pro. Ref No. NCB/HO/KSC/WWD/002/2025

To: All eligible General & Water Well Drilling Contractors (WWDC) of grade 4 and above

1. Ethiopian Insurance Corporation invites all eligible General & water well drilling Contractors. (WWDC) of grade 4 and above for drilling of two Water wells, at its premises found in Lagar (Head Office) and Kality (Sport Center) in Addis Ababa.
2. Bidding will be conducted through open National Competitive Bidding (NCB) as per procedures specified in tender document and pertinent procurement directive and guidelines.
3. Ethiopian Insurance Corporation (EIC) has budget to be used for the Procurement of drilling and construction of 2(two) water wells for its Head office & EIC's Sport Center users.
4. Interested bidders shall submit the appropriate documentary evidence demonstrating the bidder’s eligibility which shall include the following evidences: (VAT registration certificate, TIN certificate, Renewed business license and Commercial registration certificate, Renewed appropriate water works registration certificate from Construction authority or Regional water bureaus).
5. Interested bidders can obtain complete set of bidding documents from EIC head office, Finance Department 1st Floor Room No 105 during working hour starting from publication date of this bid advertisement on a newspaper, up on payment of non- refundable fee of 400 ETB (Four hundred birr only).
6. Bids shall be valid for a period of One Hundred Twenty (120) days after bid opening and must be accompanied by bid security of certified chequè or bank guarantee.
7. The bidder should submit a bid bond (bid security) by Ethiopian Bank for the amount of Ethiopian Birr 350,000.00 (Three Hundred Fifty Thousand & 00/100 Only) in the form of CPO or unconditional bank guarantee to Ethiopian Insurance Corporation. The security shall be valid for twenty-eight days (28) beyond the end of the validity period of the bid.
8. Interested bidders will be requested to offer one original and one copy of their technical and financial proposals and CPO, separately sealed in different envelope showing clearly Technical/Financial & Original/Copy and all sealed envelope also sealed in one bigger envelope.
9. The proposal must be delivered to Ethiopian Insurance Corporation, Procurement and Property Management Office 1st floor Room No 108 on or before 2:30 PM (afternoon) of December 26th, 2025. Late bids will be rejected.
10. Technical Bids will be opened on the same day of December 26th, 2025 at 3:00 PM (afternoon) at Ethiopian Insurance Corporation Head Office of first floor room No. 104, in the presence of bidders and/or their legal representatives who wish to attend.
11. Ethiopian Insurance Corporation reserves all rights to accept or reject any or all bids without giving any reason thereof.

Ethiopian Insurance Corporation (HQ)

Lagar, Ras Mekonen Avenue

Addis Ababa, Ethiopia

Tel. +251115514931

Ethiopian Insurance Corporation (HQ)