Comprehensive Insurance of Vehicles for Three Years

The Institute of Management Sciences, Peshawar is procuring comprehensive insurance coverage for its vehicles for a period of three years. This procurement is specifically for the Institute located in Peshawar, Khyber Pakhtunkhwa. The scope includes full insurance protection for the fleet of vehicles owned by the Institute, ensuring coverage against all risks as per the terms and conditions outlined in the bidding documents. Interested bidders must be reputable insurance firms or companies registered with the relevant authorities including SECP, FBR, and KPPRA. Additionally, firms must hold a minimum IFS rating of AA+ by PACRA or JCR-VIS. The quoted premium rates should be inclusive of all applicable government taxes. The tender documents detailing the bidding procedure, eligibility criteria, terms, and specifications are available on EPADS or can be obtained from the office of the Procurement Officer during office hours. Bidders are required to submit sealed bids through EPADS by 11:15 A.M. on June 23, 2026. A bid security of 2% of the quoted amount must be submitted physically to the office before the closing time. Bids will be opened on the same day at 12:45 P.M. in the Conference Room of IMSciences, Peshawar, in the presence of bidders or their authorized representatives. For any clarifications, bidders may contact the Procurement Officer during office hours prior to the closing date. A practical tip for bidders is to ensure that the bid security (CDR) is submitted on time and in the correct format, as late or improper submission can lead to disqualification. Also, carefully review the technical and financial bid requirements to avoid common mistakes that can lead to rejection. This tender offers a valuable opportunity for insurance companies with strong credentials to secure a multi-year contract with a reputable academic institution in Peshawar.