31719 Railway Carriers' Civil Liability Insurance

Auto-translated from lt

Original title: 31719 Geležinkelio vežėjų civilinės atsakomybės draudimas

LTG Kompetencijų centras UAB (PV)

Published: Dec 9, 2025

Updated: May 21, 2026

Source: TED - Tenders Electronic Daily (EU)

This tender has been awarded

Awarded to Lietuvos draudimas AB — €584,000

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About This Opportunity

Translated

This tender concerns the procurement of civil liability insurance for railway carriers. The objective is to secure comprehensive insurance coverage that addresses the potential liabilities arising from the operations of railway transport companies. This includes, but is not limited to, risks associated with the carriage of goods and passengers, potential damage to infrastructure, environmental incidents, and third-party claims. The insurance policy is intended to protect the railway carriers against financial losses resulting from accidents, operational failures, or other unforeseen events that could lead to legal or financial repercussions. Key requirements are expected to include specific coverage limits, policy duration, and the qualifications of the insurance provider. The tender is crucial for ensuring the financial stability and operational continuity of railway transport services, thereby safeguarding public interest and the smooth functioning of the national rail network. Further details regarding the scope of coverage, specific risk parameters, and eligibility criteria for bidders will be provided in the full tender documentation. This procurement process aims to identify a reputable and financially sound insurance partner capable of offering robust and tailored solutions to meet the unique insurance needs of the railway sector.

This is a services contract in the finance and banking and legal services sectors, with a focus on Insurance and Contract Law. Located in Lithuania, Europe, this opportunity is open to firms and consortiums.

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.

Description

Original language: lt

This tender, originating from Lithuania and published via the TED (Tenders Electronic Daily) platform, seeks to procure comprehensive railway carrier's liability insurance. The contracting authority, managed by the Publications Office of the European Union, is looking to secure robust insurance coverage to mitigate risks associated with the operations of railway carriers within the country.

The procurement process is designed to identify and contract with a qualified insurance provider capable of offering a tailored policy that addresses the specific liabilities inherent in railway transport. Typical requirements for such tenders often include demonstrating extensive experience in insuring large-scale transportation infrastructure and associated risks, a strong financial standing, and the capacity to underwrite significant coverage limits. Bidders will likely need to present detailed proposals outlining their proposed insurance products, including policy terms and conditions, premium structures, claims handling procedures, and risk management support services. Compliance with relevant national and European Union insurance regulations will be a fundamental prerequisite.

The successful bidder will be expected to provide a reliable and efficient insurance solution that safeguards against financial losses arising from accidents, damages, or injuries caused by railway operations, ensuring the continuity and safety of the rail network.

Data provenance

This notice is sourced from TED - Tenders Electronic Daily (EU) and was originally published on December 9, 2025. Last refreshed today. Original language: lt. BidsFactory mirrors official procurement notices and links back to the source for full legal text.

About LTG Kompetencijų centras UAB (PV)

LTG Kompetencijų centras UAB (PV) has issued 147 procurement notices on BidsFactory, including 20 currently open and 76 awarded contracts. Activity concentrates in Architecture & Engineering Services, Transport & Logistics, and General Supplies & Services. All notices are published for Lithuania. Notices are distributed via TED - Tenders Electronic Daily (EU). Most recent publication: May 22, 2026.

Frequently asked questions about this tender

How much was the contract awarded for?

Lietuvos draudimas AB was awarded the contract for €584,000. The figure reflects the value disclosed by the contracting authority in the award notice.

Where will the contract be performed?

The contract is for delivery in Lithuania. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.

How can I submit a bid?

Visit TED - Tenders Electronic Daily (EU) to access the full notice, required documents, and submission instructions provided by the contracting authority.

Is this tender still open?

No — the contract has already been awarded to Lietuvos draudimas AB. The award notice is archived on BidsFactory for transparency and market intelligence.

Who is the contracting authority?

This notice was issued by LTG Kompetencijų centras UAB (PV) in Lithuania. The authority is responsible for evaluating bids, awarding the contract, and managing performance.

What type of contract is this?

This is a Services contract in the Finance & Banking sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.