Provision of property insurance services – public and private municipal property

This public procurement aims to select a contractor for providing property insurance services. The insurance coverage will apply to both public and private municipal property. The scope of services involves concluding 'Property' insurance policies that cover total loss or partial damage. The insurance period is specified as 12 months for each year of the contract, with a total contract duration of 36 months. The insured properties are detailed in the Technical Specification, which forms an integral part of the tender documents. This includes various annexes (No. 1.1 to 1.7) that likely list the specific assets to be insured, such as buildings, infrastructure, equipment, and other municipal assets. The objective is to ensure adequate financial protection for the municipality against potential damages or losses to its property, safeguarding public assets and ensuring business continuity in the event of unforeseen incidents like fire, natural disasters, or vandalism.

This is a services contract in the finance and banking sector, with a focus on Insurance. Located in Bulgaria, Europe, this opportunity is open to firms and consortiums, with an estimated budget of BGN 600,000.

Published through TED - Tenders Electronic Daily (EU), a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for services in the finance and banking sector. Service contracts are typically evaluated on both technical quality and price, and may require bidders to demonstrate relevant experience and qualified personnel. This contract has already been awarded. The information is published for transparency and market intelligence purposes.