Bid Notice Abstract
Invitation to Bid (ITB)
Reference Number 8284959
Title Student Insurance
Area of Delivery Nueva Ecija

Solicitation Number: 09122021001
Trade Agreement: Implementing Rules and Regulations
Procurement Mode: Public Bidding
Classification: Goods
Category: Financial and Insurance Services
Approved Budget for the Contract: PHP 50.00 
Delivery Period: 365 Day/s
Client Agency:

Contact Person: Joseph Fajardo Tantoco
Procurement Staff
gen.tinio st. cabanatuan city
Cabanatuan City
Nueva Ecija
Philippines 3100
Status Awarded
Associated Components 1
Bid Supplements 0
Document Request List 4
Date Published 10/12/2021
Last Updated / Time 28/01/2022 13:59 PM
Closing Date / Time 03/01/2022 16:00 PM

The Nueva Ecija University of Science and Technology (NEUST) through its Bids and Awards Committee (BAC), invites entities to bid for the hereunder projects:

Name of Project: Student Insurance
Location: NEUST
Total Approved Budget for the Contract (ABC): P 50.00 per student
Contract Duration: Calendar Days
Fund Source: Trust Fund
Bid Documents: Php 5,000.00

Technical Specification/Description

The Terms of Reference for the said projects will be provided by the end user and shall be distributed and discussed during the Pre-Bid Conference.

Covered Person: All Bonafide Students and All Faculty and Staff of Nueva Ecija University of Science and Technology

• Accidental Death and Disablement
• Permanent Total Disability
• Unprovoked Murder, Assault
• Accidental Medical Reimbursement
• Daily Hospitalization For 30 Days Due to Accident
• Daily Hospitalization For 15 Days Due to Natural Causes
• Burial Assistance Due to Accident
• Burial Benefit Due to Natural Causes
• Death Due to Dengue
• Ambulance Assistance
• Comprehensive General Liability
• Emergency Cash Assistance due to Fire and Earthquake
• Accidental Death of one parent
• Covid 19 – Hospital Income Benefits with Antigen/RT PCR Result
• Covid 19 – Burial Assistance Benefits

Activities Schedule
1. Advertisement/Receipt of Letter of Intent December 10-17, 2021
2. Pre-bid Conference December 20, 2021 - 9:30 AM
Live - Online Conferencing (Zoom meeting)
3. Submission of Bids January 03, 2022, UNTIL 4:00 PM
NEUST President’s Office Conference Room, Gen. Tinio Street Campus, Cabanatuan City

Late bids shall not be accepted
4. Opening of Bids January 04, 2022, 9:30 AM
Live - Online Conferencing (Zoom meeting)
5. Post Qualification January 05, 2022, 9:30 AM
Live - Online Conferencing (Zoom meeting)

All particulars to the Eligibility Statement and Screening, Bid Security, Performance Security, Pre-bidding Conference, Evaluation of Bids, Post Qualification and Award of Contract shall be governed by the pertinent provisions of R.A. 9184 and its Implementing Rules and Regulations.

Bidding will be conducted through open competitive bidding procedures using a non-discretionary “pass/fail” criterion as specified in the 2016 Revised Implementing Rules and Regulations (IRR) of Republic Act (RA) 9184, otherwise known as the “Government Procurement Reform Act”.

Bidding is restricted to Filipino citizens/sole proprietorships, partnerships, or organizations with at least sixty percent (60%) interest or outstanding capital stock belonging to citizens of the Philippines, and to citizens or organizations of a country the laws or regulations of which grant similar rights or privileges to Filipino citizens, pursuant to RA 5183.

A complete set of Bidding Documents may be acquired by interested Bidders from December 20, 2021 to January 03, 2022 upon payment of the applicable fee for the Bidding Documents, pursuant to the latest Guidelines issued by the GPPB.

It may also be downloaded free of charge from the website of the Philippine Government Electronic Procurement System (PhilGEPS) and the website of the Procuring Entity, provided that Bidders shall pay the applicable fee for the Bidding Documents not later than the submission of their bids.

Bids must be duly received by the BAC Secretariat at the address below on or before January 03, 2022 4:00 PM. All Bids must be accompanied by a bid security in any of the acceptable forms and in the amount stated in the PBD. Late bids shall not be accepted.

Bid opening shall be on January 04, 2022, 9:30 AM at NEUST Conference Room, Gen. Tinio Street Campus, Cabanatuan City and via Live - Online Conferencing (Zoom meeting). Bids will be opened in the presence of the bidders’ representatives. Late bids shall not be accepted.

The Nueva Ecija University of Science and Technology reserves the right to reject any and all bids, declare a failure of bidding, or not award the contract at any time prior to contract award in accordance with Section 41 of RA 9184 and its IRR, without thereby incurring any liability to the affected bidder or bidders.

For more information concerning this bidding, please contact the following:

Bids and Awards Committee Secretariat
NEUST Gen. Tinio St., Cabanatuan City
Telephone No. (044) 044-4565695
Email Address:

Approved by:

BAC Chairperson

Line Items
Item No.Product/Service NameDescriptionQuantityUOMBudget (PHP)
1Student InsuranceStudent Insurance1Lot50.00
Pre-bid Conference
Date Time Venue
20/12/2021 9:30:00 AM December 20, 2021 - 9:30 AM
Live - Online Conferencing (Zoom meeting)

Date Created 09/12/2021

The PhilGEPS team is not responsible for any typographical errors or misinformation presented in the system. PhilGEPS only displays information provided for by its clients, and any queries regarding the postings should be directed to the contact person/s of the concerned party.

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