Invitation for Contract Awards Detail

GOVERNMENT OF THE PEOPLE'S REPUBLIC OF BANGLADESH

Ministry/Division : Ministry of Finance
Agency : Insurance Development and Regulatory Authority
Procuring Entity Name : Project Director, Jamuna River Sustainable Management Project-1 (Disaster risk financing - Component-3) (1st Revised)
Procuring Entity Code :
Procuring Entity District : Dhaka
Contract Award for : Services
Invitation/Proposal Reference No : 53.03.0000.091.14.051.2026.191 Date: 23/04/26

KEY INFORMATION

Procurement Method : NCT
Tendering Method : Direct Procurement Method(DPM)

FUNDING INFORMATION

Budget and Source of Funds : Development Budget Grant/Credit
Development Partner (if applicable) : IDA (World Bank)

PARTICULAR INFORMATION

Project/Programme Name (if applicable) :
Tender/Proposal Package No : NCS-01 (1st year)
Tender/Proposal Package Name : NCS-01 (1st year)
Date of Advertisement : 23/04/2026
Date of Notification of Award : 19/05/2026
Date of Contract Signing : 21/05/2026
Proposed Date of Contract Completion : 30 September 2026
No. of Tenders/Proposals Sold : 1
No. of Tenders/Proposals Received : 1
No. of Tenders/Proposals Responsive : 1

INFORMATION ON AWARD

Brief Description of Contract : Selection of Sadharan Bima Corporation (SBC) as insurers for disbursement of insurance payout to the beneficiaries through macro level flood risk products (– for the first year)
Contract Value : 141450000.00
Name of Supplier/Contractor/Consultant : Sadharan Bima Corporation (SBC)
Location of Supplier/Contractor/Consultant : 33, Dilkusha Commercial Area, Dhaka-1000, Bangladesh.
Location of Delivery/Works/Consultancy : Dhaka
Is the Contract Signed with the same person stated in the NOA : Yes
If No give reason why :
Was the Contract Singed in due time? : Yes
If No give reason why :

ENTITY DETAILS

Name of Authorised Officer : Dhiresh Chandra Deb
Designation of Authorised Officer : Senior Principal Officer, Jamuna River Sustainable Management Project-1, Disaster Risk Financing (Component -3) (1st revised)