Request for Quotation: Actuarial Calculation Services in Indonesia

Request for Quotation: Actuarial Calculation Services in Indonesia

Sep 15, 2025

The University of Waterloo, through the FINCAPES Project (Flood Impacts, Carbon Pricing, and Ecosystem Sustainability), invites qualified firms and consultants to submit quotations for the provision of Actuarial Calculation Services in Indonesia. This assignment will help quantify financial risks and losses from climate change–exacerbated flooding, providing valuable insights to support policy, community resilience, and sustainable planning.

Key Details

  1. RFQ Issue Date: September 15, 2025
  2. Closing Date: October 6, 2025, 2:30 PM EST (October 7, 2025, 02:30 WIB)
  3. Submission Portal: Euna/Bonfire
  4. Budget Maximum: CAD $52,500 (before tax)

Scope of Work

The selected bidder will conduct actuarial analysis in Pontianak, Indonesia, using existing flood hazard models. The work includes:

  1. Collecting and validating primary and secondary data (surveys, FGDs, interviews).
  2. Collaborating with local institutions, academics, and community stakeholders.
  3. Conducting actuarial analysis referencing the Actuaries Climate Risk Index (ACRI).
  4. Delivering inception and actuarial reports, with two stakeholder presentations.
  5. Working under academic supervision of the Faculty of Mathematics, University of Waterloo.

Deliverables

  1. Inception Report (methodology, timeline, data plan)
  2. Actuarial Analysis (loss & damage modelling under multiple climate scenarios and return periods)
  3. Stakeholder Presentations (two sessions)
  4. Draft Actuarial Report (with recommendations)

Evaluation Criteria

Submissions will be evaluated based on:

  • Understanding of the assignment & proposal quality (15%)
  • Expertise and experience of proposed team (20%)
  • Methodology, deliverables & work plan (25%)
  • Value-added approaches (e.g., gender-responsive methods, engagement of vulnerable groups, innovative communication) (15%)
  • Budget/value for cost (25%)

Submission Requirements

All proposals must be submitted in English via the Bonfire portal. Required documents include:

  • Proposal (max. 10 pages) outlining methodology, work plan, and understanding of assignment.
  • CVs and roles of proposed team members, including allocation of hours.
  • Three (3) referees familiar with similar work.
  • Completed Appendix A – Cost & Form of Declaration.
  • Certificate of Insurance.

Submission Guidelines

To participate in this RFQ, vendors must complete the following steps in the Bonfire portal:

  1. Register your organization on the Bonfire Vendor Portal. Registration is free.
  2. Log in to your Bonfire account.
  3. Download the RFQ document and all related appendices.
  4. Prepare your proposal in accordance with the RFQ requirements.
  5. Upload your proposal documents (PDF format) to the Bonfire portal before the closing deadline.
  • Ensure files are finalized and submitted before October 6, 2025, 2:30 PM EST.
  • Large files may take time to upload—start early to avoid last-minute issues.

Important Dates

  • Deadline for Questions: September 25, 2025 (end of day). Send inquiries to: Leah Gibson – L5gibson@uwaterloo.ca

  • Closing Date: October 6, 2025, 2:30 PM EST (October 7, 2025, 02:30 WIB)

  • Project Completion: March 31, 2026

👉 View and submit your quotation on Bonfire