Back to Tenders
GovernmentOtherDisposal of assetsDocument parsed
Disposal of various Scheme properties located in the following areas: - Nairobi, Naivasha, Nyandarua, Karatina, Nyeri, Nanyuki, Isiolo, Kericho, Sotik and Eldoret
Tender Number
TPS/DISP/002/2025-2026
Submission Deadline
27 Apr 2026
5 days left
Procuring Entity
TelPosta Pension Scheme
Bid Bond Amount
Not specified
Tender Requirements
Auto-extracted from the official tender document
Submission Deadline
27TH APRIL 2026
Bid Bond Form
Banker's Cheque
Bid Bond Validity
Not specified
Bid Validity Period
180 days
Submission Method
Physical (Tender Box)
Number of Bid Copies
Not specified
Pre-Bid Meeting
Not specified
Pre-Bid Link
Not specified
Clarification Deadline
Not specified
Mandatory Site Visit
No
Financial Qualifications
Minimum financial criteria bidders must meet
Min Annual Turnover
Not specified
Min Liquid Assets
Not specified
Min Single Contract Value
Not specified
Min Combined Contract Value
Not specified
Cash Flow Requirement
Not specified
Audited Financials
3 years (2022, 2023, 2024)
View raw qualification text
2.7.2 Stage Two: Financial Evaluation The Most Competitive Bidder The most competitive bidder shall be the bidder who quotes the highest amount subject to the reserve prices and evidence that the balance of the purchase price shall be raised and paid within ninety (90) days. 2.7.3 The Scheme reserves the right to determine in its own sole judgment and discretion the eligibility of the tenderer to purchase the property. The Scheme at its own discretion may waive any minor informality or non-conformity or irregularity in the tenderer’s tender document provided that such waiver does not prejudice or affect the relative ranking of any other bidder. 2.8 Tender Prices and Currencies 2.8.1 The tenderer shall indicate on the appropriate Price Schedule the unit prices and total tender price of the properties it proposes to purchase under the contract 2.8.2 Prices quoted by the tenderer shall be fixed during the tender validity period and not subject to variation on any account. A tender submitted with an adjustable price quotation will be treated as non-responsive and will be rejected. 2.9 Tender Currencies 2.9.1 Prices shall be quoted in Kenya Shillings unless otherwise specified in the Appendix to Instructions to Tenderers. 2.10 Tender deposit 2.10.1 The tenderer shall put a 10% deposit for every property tendered for in the amount indicated in the schedule of properties and prices. 2.10.2 Failure to put the required deposit for any property tendered for will lead to disqualification of the bid for the property 2.10.3 Unsuccessful Tenderer’s tender-deposit will be discharged or returned as promptly as possible, but not later than Seven (7) days after the expiry period of the tender validity prescribed by the Scheme. 2.10.4 The successful Tenderer’s 10% deposit will be credited to the bidder’s price so that it forms part of the amount of the bid and the tenderer shall be required to pay the bid price less the deposit amount 2.10.5 The tender deposit shall be forfeited: i. If a tenderer withdraws its tender during the period of tender validity specified by the Scheme. Disposal of TPS Properties Page 11 of 66 ii. In the case of a successful tenderer, if the tenderer fails to pay the balance of the bid price. iii. In the case of a successful tenderer, failure to sign the contract. 2.11 Validity of Tenders 2.11.1 Tenders shall remain valid for a period of 180 days or as specified in the appendix to instruction to tenderers after date of tender opening prescribed by the Scheme, pursuant to paragraph 2.10 Tender valid for a shorter period shall be rejected by the Scheme as non- responsive. 2.11.2 In exceptional circumstances, the Scheme may solicit the Tenderer’s consent to an extension of the period of validity. The request and the responses thereto shall be made in writing. The tender deposit provided under paragraph 2.7 shall also be suitably extended. A tenderer may refuse the request without forfeiting its tender deposit. A tenderer granting the request will not be required nor permitted to modify its tender. 2.12 Format and Signing of Tender 2.12.1 The tenderer shall prepare two copies of the tender, clearly marking each “ORIGINAL TENDER” and “COPY OF TENDER,” as appropriate. In the event of any discrepancy between them, the original shall govern. 2.12.2 The original and all copies of the tender shall be typed or written in indelible ink and shall be signed by the tenderer or a person or persons duly authorized to bind the tenderer to the contract. All pages of the tender, except for unamended printed literature, shall be initialed by the person or persons signing the tender. 2.12.3 The tender shall have no interlineations, erasures, or overwriting except as necessary to correct errors made by the tenderer, in which case such corrections shall be initialed by the person or persons signing the tender. 2.13 Sealing and Marking of Tenders 2.13.1 The Tenderer shall seal the original and each copy of the tender in separate envelopes, duly marking the envelopes as “ORIGINAL” and “COPY.” The envelopes shall then be sealed in an outer envelope. 2.13.2 The inner and outer envelopes shall: - a) be addressed to the Procuring Entity at the address given in the Invitation to Tender: b) bear tender number, tender name and name of tenderer in the Invitation for i. Tenders and the words “DO NOT OPEN BEFORE,” Deadline for submission at ii. 10:00am 2.13.3 The inner and outer envelopes shall also indicate the name and address of the tenderer to enable the tender to be returned unopened in case it is declared “late”. 2.13.4 If the outer envelope is not sealed and marked as required above, the Procuring Entity will assume no responsibility for the tender’s misplacement or premature opening. 2.14 Deadline for Submission of Tenders 2.14.1 Completed tender documents must be received by the Scheme at the address specified not later than 11:00am 2.14.2 The Scheme may, at its discretion, extend this deadline for the submission of tenders by amending the tender documents in accordance with paragraph 2.5 in which case all rights
Key Requirements
SECTION I: LETTER OF INVITATION TENDER REF NO.: TPS/DISP/002/2025-2026 TENDER NAME: DISPOSAL OF SCHEME PROPERTIES 1.1 BACKGROUND TelPosta Pension Scheme Trustees Registered is a duly incorporated Pension Scheme that was registered in 1999 to cater for pension services for the employees of Kenya Posts & Telecommunications Corporation, Telkom Kenya Limited, Communications Commission of Kenya and Postal Corporation of Kenya. Vide a Legal Notice Numbers 154, published in the Kenya Gazette Supplement No. 59 of 5th November 1999, The Government of the Republic of Kenya through the then Minister for Finance vested to TelPosta Pension Scheme Trustees Registered various properties for purposes of discharging pension liabilities in respect of any person who on 30th June 1999 was entitled to receipt of a pension from the Kenya Posts & Telecommunications Corporation (now defunct), Telkom Kenya Limited, Postal Corporation of Kenya and Communications Commission of Kenya. The Scheme’s property portfolio currently stands at 82%, which is above the 30% limit set by law. The Board of Trustees sought and received concurrence to dispose of the properties to ensure compliance. 1.2 The TelPosta Pension Scheme (The Scheme) invites sealed bids from eligible candidates/bidders for DISPOSAL OF SCHEME PROPERTIES. 1.3 The tender is open to persons/ firms (both local and international) with the legal capacity to enter into contract(s) for the sale of the listed properties, not insolvent, not in receivership or not bankrupt. 1.4 Tendering shall be conducted through the National Competitive Bidding procedures specified in the Public Procurement and Asset Disposal Act 2015 [ Revised Edition 2022] and the Public Procurement and Disposal Regulations, 2020. 1.5 The document may be viewed and downloaded from the TelPosta Pension Scheme website: www.telpostapension.org for free and details sent to propertysales@telpostapension.org for registration. 1.5 Enquiries can be made via email address: propertysales@telpostapension.org 1.6 There will be Scheduled Site Visit for interested bidders as follows: Prospective bidders are advised to view the properties together with the Scheme’s appointed agents (M/s Kenstate Valuers Limited of P.O Box 3776 00200 Nairobi and M/S Legend Management Limited of P.O Box 47155 00200 Nairobi) during the site-visit on dates indicated below before they bid for each property. This will enable bidders to arrive at the most reasonable and competitive bids. Bids are based on “AS IS WHERE IS” condition and as per contract. Disposal of TPS Properties Page 3 of 66 SCHEDULE OF THE SITE VISITS Size Proposed Reserve Price Meeting S/NO L.R Number Town Location Description (Acreage Coordinates SITE Kshs Point ) VISIT 30-Mar-26 At the 1 209/4844/33 Nairobi off jogoo road Vacant Plot 0.4030 -1.299431, 36.857961 49,200,000.00 10.00AM Property 30-Mar-26 At the 2 1/1255 Nairobi Argwings Kodhek Rd Vacant Plot 0.0355 -1.2930336, 36.791887 26,400,000.00 12,00PM Property 30-Mar-26 At the 3 1/1262 Nairobi Argwings Kodhek Rd Vacant Plot 0.0412 -1.293066, 36.792100 26,400,000.00 12.00PM Property Nairobi/Block 30-Mar-26 At the 4 17/415/25 Nairobi Elgeyo Marakwet Rd 3 BR Flat -1.297158, 36.780294 16,200,000.00 2.30PM Property Nairobi/Block 30-Mar-26 At the 5 17/415/33 Nairobi Elgeyo Marakwet Rd 3 BR Flat -1.297158, 36.780294 16,200,000.00 2.30PM Property Nairobi/Block 30-Mar-26 At the 6 17/415/35 Nairobi Elgeyo Marakwet Rd 2 BR Flat -1.297158, 36.780294 14,400,000.00 2.30PM Property Nairobi/Block 30-Mar-26 At the 7 17/415/39 Nairobi Elgeyo Marakwet Rd 2 BR Flat -1.297158, 36.780294 14,400,000.00 2.30PM Property Nairobi/Block 30-Mar-26 At the 8 17/415/1 Nairobi Elgeyo Marakwet Rd 2 BR Flat -1.297158, 36.780294 14,400,000.00 2.30PM Property Nairobi/Block 30-Mar-26 At the 9 17/415/27 Nairobi Elgeyo Marakwet Rd 2 BR Flat -1.297158, 36.780294 14,400,000.00 2.30PM Property Nairobi/Block 30-Mar-26 At the 10 17/415/17 Nairobi Elgeyo Marakwet Rd 3 BR Flat -1.297158, 36.780294 16,200,000.00 2.30PM Property Nairobi/Block 30-Mar-26 At the 11 17/415/20 Nairobi Elgeyo Marakwet Rd 2 BR Flat -1.297158, 36.780294 14,400,000.00 2.30PM Property Nairobi/Block 30-Mar-26 At the 12 17/415/28 Nairobi Elgeyo Marakwet Rd 2 BR Flat -1.297158, 36.780294 14,400,000.00 2.30PM Property Disposal of TPS Properties Page 4 of 66 SCHEDULE OF THE SITE VISITS Size Proposed Reserve Price Meeting S/NO L.R Number Town Location Description (Acreage Coordinates SITE Kshs Point ) VISIT Nairobi/Block 30-Mar-26 At the 13 17/415/45 Nairobi Elgeyo Marakwet Rd 3 BR Flat -1.297158, 36.780294 16,200,000.00 2.30PM Property Nairobi/Block 30-Mar-26 At the 14 17/415/47 Nairobi Elgeyo Marakwet Rd 2 BR Flat -1.297158, 36.780294 14,400,000.00 2.30PM Property Nairobi/Block 30-Mar-26 At the 15 17/415/8 Nairobi Elgeyo Marakwet Rd 2 BR Flat -1.297158, 36.780294 14,400,000.00 2.30PM Property Naivasha/Municipality 31-Mar-26 At the 16 Block 2/1262 Naivasha Naivasha Town Bungalow 0.229 -0.715528, 36.436806 19,800,000.00 10.00AM Property Nyandarua/Njabini 3 1-Mar-26 At the 17 Township/75 Nyandarua Nyandarua Vacant Plot 0.208 -0.724667, 36.662694 720,000.00 2.00PM Property
Key Personnel
[]
Key Equipment
[]