REQUEST FOR PROPOSALS
COMPREHENSIVE INSURABLE RISK ASSESSMENT
PF/RFP/2025/2026-02
The Petroleum Fund (referred herein as the Fund) is a statutory organisation under the Ministry of Finance and Development Planning, which was established through Legal Notice No. 96 of 1997 under the Finance Order of 1988. 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.
The Fund is seeking the services of a qualified Insurable Risk Management consultant or firm to conduct a Comprehensive Insurable Risk Assessment of its Operations, Human Capital, Assets, and Activities. This is to ensure appropriate risk identification, quantification, and mitigation measures aligned with current and potential insurance coverage.
Interested, eligible bidders may obtain the Terms of Reference upon payment of a non-refundable fee of M1000.00 into the Fund’s bank account:
Bank Name: – Nedbank
Account Holder: – Petroleum Fund
Account No: 021000028317
Branch: Kingsway
Bidders should present the confirmation/proof of payment to the Fund offices for the purchase of Bidding Documents. The payment reference must indicate the title of the Consultancy the bidder is interested in. The documents will be available at Petroleum Fund offices from Thursday, April 24th, from 08:00 to 16:30.
Requests for clarification should be made in writing on or before 14:00hrs on Tuesday the 13th of May 2025, to the following e-mail address: supplier@petroleum.org.ls. The Proposals must be submitted in sealed packages clearly marked ‘PF/RFP/2025/2026-02 COMPREHENSIVE INSURABLE RISK ASSESSMENT’, containing Technical Proposals and separately sealed Financial Proposals. The proposals must be submitted to the address below on Friday, the 23rd of May 2025 by 12:00hrs, to be followed by a public opening of Technical Proposals at 12:15hrs on the same day.
Petroleum Fund LCCI Building
Orpen Road, Old Europa
Maseru 100
Tel. (+266) 22312137
Online submissions may be made by sending encrypted Technical and Financial proposals to supplier@petroleum.org.ls by the set deadline.
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