Procurement of Non-Consultancy Services for Reinsurance Coverage for Political Violence Risks of PARCO-Pearl Gas

The Pakistan Reinsurance Company Limited (Ministry of Commerce) invites eligible bidders to participate in the procurement of Non-Consultancy Services for the fiscal year 2026-27. This procurement is specifically for the contract titled 'Reinsurance Coverage for Political Violence Risks of PARCO-Pearl Gas' referenced as P89143. The procurement process will be conducted through the e-Pak Acquisition and Disposal System (EPADS) version 2.0, ensuring transparency and ease of access for all registered vendors. Items being procured: - Non-Consultancy Services related to Reinsurance Coverage for Political Violence Risks of PARCO-Pearl Gas The procurement will follow the Single Stage-Two Envelope procedure under the Principal Method of Procurement, i.e., Open Competitive Bidding, utilizing the Least Cost Based Selection (LCBS) technique. Bidders must submit a Bid Security in the form of Pay Order, Demand Draft, or Bid Securing Declaration as described in the bidding documents. All bidding documents, including detailed terms, conditions, specifications, and requirements, are available on the EPADS portal at https://epads.gov.pk/opportunities/federal/procurements/89143. Bidders must submit their e-bids through EPADS v2.0 on or before Monday, September 14, 2026, at 11:00 AM. The bids will be opened on the same day at 11:30 AM. Manual submissions will not be entertained. Vendors not yet registered on EPADS v2.0 may register at https://vendors.epads.gov.pk/. A tutorial for the registration process is also available. This procurement requires bidders to be registered and compliant with FBR and ATL requirements. The use of EPADS ensures a streamlined and secure bidding process. Bidders are advised to carefully review all bidding documents and ensure timely submission to avoid disqualification. A practical tip for bidders is to complete their EPADS registration well in advance and thoroughly check all bid security requirements to ensure compliance. Early preparation can prevent last-minute issues and increase the chances of a successful bid submission.