Vehicle Compulsory Third Party Liability Insurance (OCTA)

This tender is for the procurement of vehicle insurance services, specifically focusing on Compulsory Third Party Liability (OCTA) insurance. The contract duration is for two years. OCTA insurance is a mandatory type of coverage in many jurisdictions, designed to protect third parties (e.g., other drivers, pedestrians, property owners) against damages or injuries caused by the insured vehicle in an accident. The tender seeks to secure these essential insurance services for a fleet of vehicles or for a specified period. The contracting authority is looking for an insurance provider that can offer comprehensive and compliant OCTA coverage. Key aspects of the tender will likely include the scope of coverage, policy terms and conditions, claims handling procedures, and the overall cost-effectiveness of the proposed insurance package. The successful bidder will be responsible for providing the necessary insurance documentation and ensuring adherence to all regulatory requirements throughout the two-year contract term. This procurement ensures the organization meets its legal obligations regarding vehicle insurance.

This is a services contract in the finance and banking sector, with a focus on Insurance. Located in Latvia, 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.