PRCL Non-Marine CAT XOL Treaty Private Layer Insurance Coverage

The Pakistan Reinsurance Company Limited (PAKRE) under the Ministry of Commerce is procuring Non-Consultancy Services for the PRCL Non-Marine CAT XOL Treaty (Private Layer) Insurance Coverage. This procurement is based in Karachi, Sindh, and is planned for the financial year 2026-27. The procurement process will be conducted through the EPADS v2.0 electronic platform, ensuring transparency and efficiency. The scope of this procurement involves the provision of specialized insurance coverage services related to catastrophe excess of loss treaties for private layers. Bidders are expected to have the technical competence, financial resources, and relevant experience to fulfill the contract requirements. Eligibility criteria include legal capacity, sound financial standing, and no involvement in fraudulent or corrupt practices. The procurement follows the Single Stage-Two Envelope procedure with Least Cost Based Selection (LCBS) as the principal method. Interested bidders must be registered on EPADS v2.0 and submit their bids electronically by the deadline. The bid submission deadline is Wednesday, July 29, 2026, at 11:00 AM, with bid opening at 11:30 AM the same day. Manual submissions will not be entertained. Bidders should ensure their bids include the required Bid Security in the form of Pay Order, Bank Guarantee, or Bid Securing Declaration. A practical tip for bidders is to carefully review the Bid Data Sheet and ensure all required documents and declarations are complete and compliant with the instructions. Early registration on EPADS and thorough preparation of technical and financial bids will enhance the chances of success. The contact person for queries is the Procurement Specialist at PAKRE, reachable via phone or email as provided.