REQUEST FOR PROPOSALS
INSURANCE BROKERAGE SERVICES
PF/RFP/2025/2026-08.
To ensure effective and efficient management of insurance covers for its staff, assets, and operations, Petroleum Fund invites reputable and experienced Insurance Brokerage Service Providers to submit proposals for the provision of brokerage, advisory, and insurance administration services. The aim is to secure comprehensive, cost-effective, and reliable insurance solutions while ensuring effective risk management, claims handling, policy monitoring, and advisory support.
Interested, eligible bidders may obtain the Terms of Reference from the Petroleum Fund Website (https://petroleum.org.ls/procurement/) from Monday, the 01st December 2025. Requests for clarifications should be made in writing on or before 17:00hrs on Friday, the 19th of December 2025, to the following e-mail address: supplier@petroleum.org.ls.
The Proposals must be submitted to Petroleum Fund offices in sealed packages clearly marked ‘PF/RFP/2025/2026-08 INSURANCE BROKERAGE SERVICES’, containing Technical Proposals and Financial Proposals sealed in separate envelopes. The deadline for submission of proposals is 12:00hrs on Wednesday, the 14th of January 2026, with a public opening of Technical Proposals at 12:15hrs on the same day, the 14th of January 2026.
Online submissions may be made by sending encrypted Technical and Financial proposals to supplier@petroleum.org.ls by the set deadline.
Summary
- The organisation is further delegated, under the Fuel and Services Control (Delegation Notice) Number 32 of 2021, the powers to set the price and time at which Petroleum Products may be adjusted.
- It is managed by the Board of Directors, while day-to-day activities are administered by the Secretariat, headed by the Chief Executive Officer, and its operations are guided by the Lesotho (Petroleum Fund) Regulations of 2021.
- To ensure effective and efficient management of insurance covers for its staff, assets, and operations, Petroleum Fund invites reputable and experienced Insurance Brokerage Service Providers to submit proposals for the provision of brokerage, advisory, and insurance administration services.
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