Notice Inviting Open Tender on Upgradation of existing FAS application

Your Partner for Growth and Security

No. RICB/CO/GA&HRD-Store (01)/2026/7980

29 May, 2026

NOTICE INVITING OPEN TENDER

The Royal Insurance Corporation of Bhutan Limited invites sealed bids from eligible Vendors for the following work for financial year 2026;

SNLocationName of WorkEMD/Security DepositLast Date & time of submission
1Thimphu
Corporate Office
Upgradation of existing FAS (Financial Accounting Services) application including the development of Deferred Life Annuity module.Nu.60,000.0029 June, 2026 before 12:00 PM (BST)
  1. The interested bidders having the specified license (valid) may download the tender documents from our website www.ricb.bt.
  2. All bids shall be accompanied by a bid security of fixed amount as mentioned above and bid must be delivered to Procurement/store section, Corporate Office, Thimphu or must be sent via mail protected by password to the mail address provided in the tender document
  3. The non-refundable tender document fee of Nu. 1,000/- (Ngultrum One Thousand) must be deposited along with the tender document.
  4. The tender document must be addressed as per the address mentioned in the Bidding document.
  5. Bid form must be dully filled and signed on all the pages with the bidder’s official seal.
  6. For bid related queries, Interested bidders may contact Mr. Sonam Wangchuk @ 17888224 or sonam_wangchuk1@ricb.bt or Mr. Karma Phuntsho @ 17263021 or karma_phuntsho@ricb.bt

Management