[re] Open Bid Invitation

(The Korean Embassy Bid Invitation #2021-10)

[re] Open Bid Invitation [Medical Insurance]

1. Description: Medical Insurance for the Embassy of Republic of Korea (Medical, Vision, Dental)

2. Qualification

 Insurance carrier that meets basic eligibility for participation in the bid (refer to Decree Article 12*) and that successfully follows the procedures set out below.

 Insurance carriers with a rating of A or above by A.M. Best are preferred.

 Prospective bidders should not be undergoing any legal disputes (including liquidation, M&A, disposal, legal composition, court receivership), as of the date the notice was written.

 Prospective bidders should not have received any legal warnings by the related Government

3. Registration Due: Tuesday, October 26^th 2021 to Wednesday, November 3^rd 2021 by 11:59 p.m.(EST) - Email the required documents below to generalusa@mofa.go.kr

 Registration form (Attached [Form1])

 Brief portfolio (Information of insurer and the concerned insurance, current clients, scale of the company, etc.)

4. Final Due: Wednesday, November 3^rd 2021 by 11:59 p.m.(EST)

- Email the bidding price form (Attached [Form2]) and the contract format (including minimum coverage information) to generalusa@mofa.go.kr

5. Bidding Result: To be informed individually after Thursday, November 4^th 2021, via email or call

6.Determining a Successful Tenderer

 Tenderers who presented price more than 47.995% AND equal to or less than budget price shall be examined, in the order of lowest bid.

 The examination on qualification of tenderers will be based on competency, such as past performance, company size, insurer financial strength rating.

 In the event a successful tenderer fails to meet the qualification standard before signing the contract, or decides to forfeit the contract, a tenderer which scored the next highest grade may be granted the contract pending examination.

7. Expected Investment Range: Under USD 2,100,000.00

8. Contract Schedule:

 Contract Signing: Within 3 days from the result announcement

※ If the successful bidder does NOT wish to continue the contract, it is required that the bid deposit (5% of EIR, waived at registration) be paid to the Embassy (*Decree Article 37, 38).

 Contract period: Dec 1^st, 2021 ~ Nov 30^th, 2022 9. Bidding Invalidation:

 Applicants that do not meet the stated qualifications will not be considered for this bid.

 Applications with insufficient, forged and counterfeit documents will not be considered (*Decree Article76).

10. Others:

 All bidders are obliged to be fully aware of information specified in bid invitation. The Korean Embassy is not held responsible for any issues arising from misinterpretation by bidder.

 The Korean Embassy promotes transparency and fairness in contracts (*Decree Article5-2), and a successful bidder must sign ‘Pledge to Implement Integrity Pact’ and ‘Confidentiality Agreement’.

 The Korean Embassy may request bidding deposit and contract deposit according to the *Decree Article 37 and 50.

 Any difference of interpretation would follow the interpretation of the Embassy.

 Inquiry: generalusa@mofa.go.kr, or 202-939-5600 (Forms can be found at overseas.mofa.go.kr)

* Enforcement Decree of the Act on Contracts to Which the State Is A Party (Korea)

October 26, 2021

The Embassy of the Republic of Korea

[ F O R M 1 ] B i d d i n g R e g i s t r a t i o n

Business Information

Name of Business

Business Registration

#

Address Phone

Number

CEO E-Mail

Address Brief

Introduction

(Size, business area, etc.)

Bidding Information

Bidding

Invitation # The Korean Embassy Bidding Invitation #2021-10 Project

Description

Main Point of Contact

Name :

Position/ Title : Direct number : E-mail :

Bidding Deposit Waiver

By entering the bid, it is agreed that our bidding deposit (5% of the EIR) is waived and will only be paid if we do not wish to continue the contract procedure as the successful bidder.

We, as a qualified business, would like to participate in the open bid at the Embassy of the Republic of Korea. We agree with all the conditions and procedures announced in the Open Bid Invitation, and thus submit all the required documents to enter the bid.

※ Attachment: Required documents mentioned in the Invitation

- Brief portfolio (1 Copy, including past performances, scale of the company, credit-rate, current references, etc.)

. . 2021.

NAME ___________________ (SINGNATURE)

T O T H E E M B A S S Y O F T H E R E P U B L I C O F K O R E A

[Form 2] Bidding Price Proposal

Project

Description

Bidding

Invitation #

Contract

Period

Ordering

Organization The Embassy of the Republic of Korea Bidding Price $ (Sales Tax Exempt*)

*Relevant document can be requested to the Embassy.

Bidding Deposit Waiver

(Pledge of Payment)

※ By entering the bid, it is agreed that the waived bidding deposit will be paid If the successful bidder does not wish to continue the contract procedures.

a. Bidding Deposit Rate: 5% of the EIR

(Enforcement Decree of the Act on Contracts(Korea) Article 37(Tender Bond))

b. Payment method: Cashier’s Check

c. Payment to: 2450 Massachusetts Ave N.W., Washington D.C. 20008

Bidder Information

Business Name

Address

License #

Point of Contact

Name

Position

Direct Phone #

E-Mail

We would like to submit our bidding price above with the attached contract.

※ Attachment: Contract document including minimum coverage information . . 2021.

NAME ___________________ (SIGNATURE)

T O T H E E M B A S S Y O F T H E R E P U B L I C O F K O R E A