Tender for Punjab Mass Transit Authority Property Damage/MBD & Terrorism Reinsurance 2026

Pakistan Reinsurance Company Limited (PRCL) invites electronic bids from eligible bidders for the reinsurance of property damage, machinery breakdown (MBD), and terrorism risks related to the Punjab Mass Transit Authority (PMTA) Orange Line Train project. The coverage period is from 01-11-2026 to 31-10-2027. Items being procured: - Insurance coverage for PMTA Orange Line Train - Type of Policy: Property Damage (PD), Machinery Breakdown (MBD), and Terrorism The bidding process will follow the single stage two envelope procedure as per Public Procurement Rules 2004 and related regulations. Detailed bidding documents including terms, conditions, specifications, and requirements are available electronically via the EPADS version 2.0 portal at https://vendors.epads.gov.pk/. Bidders must submit their bids electronically through this portal no later than 25th September 2026 at 11:00 AM Pakistan Standard Time. Technical bids will be opened on the same day at 11:30 AM. Manual submissions will not be accepted. Eligibility criteria include compliance with regulatory guidelines and registration on the EPADS portal. PRCL reserves the right to accept or reject any or all bids in accordance with Public Procurement Rules 2004. Bidders are advised to carefully review the electronic bidding documents and ensure timely submission through the EPADS portal. Familiarity with the portal registration and submission process is essential to avoid disqualification. A tutorial for registration is available at https://www.youtube.com/watch?v=MNW6T38v7tc. This tender offers a valuable opportunity for insurance providers to participate in a significant reinsurance contract for a major public transit infrastructure project in Pakistan. Attention to detail in bid preparation and adherence to submission deadlines will be critical for success.