Consulate General of the Republic of Korea in Los Angeles

1.Description: Medical Insurance for the Korean Consulate General in Los Angeles (Medical, Vision, Dental)

2. Qualification

   ㅁ 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.

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

   ㅁ 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.

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

3. Registration Due: Friday, SEP 27, 2024 by 11:59 p.m.(PST)

   ㅁ Email the required documents below to jmha02@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: Friday, SEP 27, 2024 by 11:59 p.m .(PST)

   ㅁ Email the required documents to jmha02@mofa.go.kr

        - Bidding price form (Attached [Form2])

        - Contract format (including minimum coverage information)

5. Bidding Result: To be informed individually after Friday, OCT 11, 2024, via email or call

6. Bidding Decision:

   ㅁ We take the open competitive bidding method. Only bidders which submitted proposal estimate lower than EIR will be reviewed, and after the review the most qualified bidder will be awarded with the project. (Comprehensive factors, including EIR, size of the company, past performances, etc will be considered during review) There might be a possible negotiation process.

7. Expected Investment Range: Under USD 800,000.00

8. Contract Schedule:

   ㅁ 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).

   ㅁ Contract Period : December 1, 2024 ~ November 30, 2025

9. Bidding Invalidation:

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

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

10. Others:

   ㅁ All bidders are obliged to be fully aware of information specified in bid invitation. The Korean Consulate General in Los

Angeles (KCGLA) is not held responsible for any issues arising from misinterpretation by bidder.

   ㅁ The KCGLA promotes transparency and fairness in contracts (*Decree Article5-2), and a successful bidder must sign ‘Pledge

to implement Integrity Pact’ and ‘Confidentiality Agreement’.

   ㅁ The KCGLA may request bidding deposit and contract deposit according to the *Decree Article 37 and 50.

   ㅁ Any difference of interpretation would follow the interpretation of the KCGLA.

   ㅁ Inquiry: jalee04@mofa.go.kr  or 213-480-5033

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

2024. 09. 17.

THE KOREAN CONSULATE GENERAL IN LOS ANGELES