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The National Pension and Provident Fund (NPPF) intends to commence construction of a commercial building adjacent to the NPPF head office in Chubachu, Thimphu. With the covid-19 pandemic causing distruptions in sourcing skilled expatriate labour and import of construction materials, construction industry is one of the badly affected sector.
Therefore, cognizant of the situation, NPPF would like to first seek expression of interest (EoI) from interested and capable W3 LARGE Contractors registered with the Construction Development Board to undertake the aforementioned work under the following project specific terms and conditions:
The deadline for submission of expression of interest is 29th March 2021 at or before 5pm. EoI should be submitted to the Director, Investment Department, NPPF, Chubachu, Thimphu.
Depending on the response to the EoI, NPPF may proceed to request the contractors to submit sealed bid for the work. Based on the evaluation of the bids, NPPF may then decide to award the work.
It is to be noted that NPPF may at any point in time cancel the EOI or decide not to award the work without accruing any liability to the Contractors taking part in the process. Further, NPPF will not be obliged to provide justification(s) in such circumstances. For further details please contact 02328179/02334790 during office hours.
In line with RMA’s notification on the 3rd revision of MLR from 6.66% to 6.51% dated August 03, 2017, the National Pension and Provident Fund (NPPF) would like to inform that there is no change in the interest rates for member loan products. However, interest rate for corporate clients has been revised.
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