Disclaimer
The results obtained from these calculators are for general purposes only to illustrate the effect of compound interest and are not intended as a substitute for professional financial advice. Before making any financial decisions on the basis of these results, you will need to consult with an independent financial planner or accountant as well as consider whether the advice is suitable to meet your personal financial objectives and circumstances.
The actual performance of any investments will depend on future economic conditions, investment management, fees and taxation. Past performance is no guarantee of future performance and as a result of this, all the results are hypothetical and are NOT GUARANTEED.
Nambawan Super specifically disclaims any liability for any direct, indirect, incidental, consequential or special damages arising out of or in any way connected with the access to or use of these calculators. To the extent permitted by law, under no circumstances will Nambawan Super be liable for any loss or damage caused by a user's reliance on the information by using these calculators.
Assumptions
Projected super balance at retirement:
The projected total super balance takes into account your starting balance, employee and employer contributions, any additional voluntary contributions as well as interest earned between now and your retirement.
Retirement age:
We have assumed a default retirement age of 65. This can be adjusted in the calculator.
Working life:
The calculator assumes that you will have a continuous working life with no breaks up to your retirement age.
Interest rate:
The default investment returns have been set at 6.0%. This is based on the Nambawan Super 10-year average interest rate.
Employee contributions:
PNG Superannuation laws dictate that 6% is the mandatory minimum contribution for employees to make. Employees may choose to contribute more than the minimum.
Employer contributions:
PNG Superannuation laws dictate that 8.4% is the mandatory minimum contribution that employers have to make. Employers may choose to contribute more than the minimum.
To pre-qualify and participate in an open Nambawan Super Limited Tender, prospective Suppliers/Vendors are required to provide the following standard information and documentation as listed. This will form part of the Tender submission.
Tender pre-qualification requirements
1. Vendor Details
Name of Vendor, Address, and Other details of the Vendor
| Vendor Name | Type of Business | Established Date |
| Nature of Business | Vendor Type | Years in Business |
| Registered Company Name | Email Address | Mailing Address |
| City/Town | State/Region/Province | Country |
| ZIP/Postal Code | Primary Phone Number | Website Address |
2. Company Subsidiaries
List of Company's subsidiaries
| Does the company have a parent organisation? |
| Does the company have subsidiaries? |
| Company Names |
| Country |
3. Vendor Account Receivable Team
Vendor's single Point of Contact Details
| Name | Designation | Email Address |
| Mobile | Board Number & Extension |
4. Products/Services Range Offered
| Offer type | Description | Proposed Price/Cost |
5. Financial Information
From the last three (3) years
| Year | Annual Company Revenue | Supporting Documents |
6. Client References
From the last three (3) years
| Client Name | Contact Phone Number | Contact Name | Most Recent Engagement Year | Certificate/Reference |
7. Standards & Certifications (Mandatory)
Provide the basic details of current certification - evidence of current compliance with all regulatory requirements must be provided
| IPA Certification/Company Registration Number |
| IRC Compliance/Tax Identification Number |
| Other Professional Certification |
8. Insurance
Confirm the availability of the required insurance cover
| Workers Compensation |
| Automobile Liability |
| Employer Liability |
| General Liability |
| Insurance Company |
| Policy Number |
| Insurance Value |
9. Bank Information
| Bank Name |
| Bank Account Type |
| Bank Account Number |
| BSB Code |
| Swift Code |
10. Payment Terms
| Specify required Payment Terms |
Download Pre-Qualification Requirements Checklist
For more information or clarification on any of the above, please email tenders@nambawansuper.com.pg
