Tender No. 04: Construction Insurance

This tender, designated as Tender No. 04, is for construction insurance. The contract has been awarded to BAOVIET INSURANCE CORPORATION for a value of 4,700,000 VND, with the total contract value being 4,773,242 VND. The procuring entity is the Ngoc To Commune Economic Department, a local administrative body. The tender falls under the 'PTV' (Services/Insurance) category and is classified as an es-notify-contractor type, indicating the publication of the contract award. The bid closing date was March 24, 2026. This procurement is for insurance coverage related to a construction project. Construction insurance is vital for mitigating financial risks associated with potential accidents, damages, or liabilities that may arise during the construction phase. The selection of BAOVIET INSURANCE CORPORATION, a well-established insurer, suggests a focus on securing reliable coverage for the project.

This is a services contract in the construction and civil works and finance and banking sectors, with a focus on Construction Supervision and Insurance. Located in Vietnam, Asia, this opportunity is open to firms and consortiums, with an estimated budget of VND 4.8 million.

Published through Vietnam e-GP, 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 construction and civil works 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.