INVITATION TO TENDER

INSURANCE REGULATORY AUTHORITY

TENDER No. IRA/061/2021-2022 – TENDER FOR DISPOSAL OF MOTOR VEHICLES

1. The Insurance Regulatory Authority (IRA) now invites sealed tenders from eligible candidates to Purchase of Motor Vehicles on “as is” “where is” basis.

2. Interested eligible candidates may obtain further information at the address provided below. Items will be sold as they are, without any encumbrances.

3. Interested tenderers may inspect the goods to be sold during office hours from 900 to 1500 hours at the address given below. The detail of the items are as follows:

4. A complete set of tender documents may be obtained by interested candidates accessed from the IRA Website www.ira.go.ke and from the Public Procurement Information Portal www.tenders.go.ke  free of charge. Tenderers who download the Tender documents and intend to submit a bid are required to submit their contacts details to procurement@ira.go.ke for recording. Bidders/Tenderers are advised to be checking our website on daily basis for any additional information, clarifications and/or addendum.

5. Bidders will be required to pay in advance a refundable deposit of Twenty Thousand (Kshs.20,000.00) for each motor vehicle bidded for in the bank Account below. This amount shall constitute part of the purchase price for successful Bidders. The deposit will be refundable to unsuccessful Bidders.

NAME OF BANK                     BRANCH      A/C NUMBER

KENYA COMMERCIAL BANK Capital HIll 1202647413

6. Completed tenders must be delivered to the address below: -

Chief Executive Officer (CEO),

Insurance Regulatory Authority,

10th Floor, Zep-Re Place, Longonot Road, Upper Hill,

P.O. Box 43505 – 00100,

NAIROBI, KENYA.

TELEPHONE : +254 20 4996801

Email: procurement@ira.go.ke

The tenders should be received on or before 26th January, 2023 at 11:00 a.m. The tenders shall be deposited in the Tender Box situated at Insurance Regulatory Authority, Zep-Re Place, 10th Floor, Longonot Road, Upper Hill, Nairobi. Electronic Tenders will not be permitted.

7. Prices quoted should be net, must be in Kenya Shillings and shall remain valid for the period of 90 days from the closing date of the tender.

8. Tenders will be opened immediately after the deadline date and time specified above or any deadline date and time specified later. Tenders will be publicly opened in the presence of the Tenderers' designated representatives who choose to attend at the address indicated above.

9. Late tenders will be rejected.

GODFREY K. KIPTUM

COMMISIONER OF INSURANCE/CHIEF EXECUTIVE OFFICER