Hiring of Insurance Company for Group Insurance of PARC Employees for Year 2026-27

The Pakistan Agricultural Research Council (PARC) based in Islamabad Capital Territory is procuring services for the hiring of an insurance company to provide group insurance coverage for its employees for the financial year 2026-27. This procurement is part of PARC's planned budget allocation for FY 2026-27 and aims to ensure comprehensive insurance benefits for its staff. The technical scope involves the provision of group insurance services tailored to the needs of PARC employees. Bidders must be registered on the e-Pak Acquisition and Disposal System (EPADS) v2.0 and comply with the Quality and Cost Based Selection (QCBS) method as per Public Procurement Rules, 2004. The bidding process follows a Single Stage-Two Envelope procedure requiring submission of both technical and financial bids. All bids must be accompanied by a Bid Security in the form of Pay Order, Demand Draft, or Bid Securing Declaration as specified in the bidding documents. Eligible bidders should have valid registration on EPADS v2.0 and demonstrate relevant experience in providing group insurance services. Compliance with FBR and ATL registration requirements is implied for participation. The submission deadline is Tuesday, July 14, 2026, by 11:00 AM, with bid opening scheduled for 11:30 AM the same day. Manual submissions are not accepted; all bids must be submitted electronically through EPADS v2.0. A practical tip for bidders is to ensure timely registration on EPADS v2.0 if not already registered, as late registration may disqualify participation. Familiarity with the e-bidding platform and adherence to bid security requirements will enhance the chances of a successful bid. Interested parties can access detailed bidding documents and instructions on the EPADS portal and seek guidance through available tutorials online. This tender offers a valuable opportunity for insurance companies to partner with a prominent federal research institution and contribute to the welfare of its employees through professional insurance services.